Cabo Verde: Net foreign assets (current LCU)

Key figures

What the numbers say

In 2025, Cabo Verde's net foreign assets (current LCU) rose 22.9% on 2024 (from 96.56 billion to 118.67 billion).

Across the 30 yearly changes before that (1995 to 2024), the average change was +12.5% and a typical year strayed about 24.7% from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 76.6% in 1999 and the biggest yearly fall was 29.8% in 2011. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about 5.4 billion a year. A straight line explains 67% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Cabo Verde had the 63rd highest value of the 106 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Cabo Verde in the 2025 ranking

• Guatemala — 60th of 106: 220.27 billion
• Honduras — 61st of 106: 181.98 billion
• Moldova — 62nd of 106: 119.81 billion
• Bhutan — 64th of 106: 116.48 billion
• Ghana — 65th of 106: 90.73 billion
• Zambia — 66th of 106: 85.43 billion

What this measures

Net foreign assets are the sum of foreign assets held by monetary authorities and deposit money banks, less their foreign liabilities. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

All 50 values

Net foreign assets (current LCU) in nearby economies

• Angola — 12.83 trillion (2025)
• Benin — 2.24 trillion (2025)
• Botswana — 60.03 billion (2025)
• Burkina Faso — 3.31 trillion (2025)
• Burundi — -2.26 trillion (2025)
• Cameroon — 2.35 trillion (2019)
• Central African Republic — 15.18 billion (2022)
• Chad — -347.79 billion (2021)
• Comoros — 126.48 billion (2024)
• Congo, Dem. Rep. — 18.33 trillion (2023)
• Congo, Rep.

More financial sector data for Cabo Verde

• DEC alternative conversion factor (LCU per US$) — US$97.86 (2025)
• Official exchange rate (LCU per US$, period average) — US$97.86 (2025)
• Net domestic credit (current LCU) — 195.38 billion (2025)
• Broad money (current LCU) — 281.73 billion (2025)
• Broad money to total reserves ratio — 2.29 (2025)
• Claims on central government (annual growth as % of broad money) — -2.63% (2025)
• Claims on private sector (annual growth as % of broad money) — 4.11% (2025)
• Broad money (annual % growth) — 9.22% (2025)
• Domestic credit to private sector by banks (% of GDP) — 53.44% (2025)

Reading data like this

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Questions people ask

What is Cabo Verde's net foreign assets (current LCU)?

118.67 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1976?

It is up 11,572% from 1.02 billion in 1976 (10.2% a year on average, compounded). The highest value was 118.67 billion in 2025 and the lowest 1.02 billion in 1976.

How does Cabo Verde rank?

63rd highest of 106 economies with data for 2025.

Is the latest change in net foreign assets (current LCU) unusual for Cabo Verde?

In 2025, Cabo Verde's net foreign assets (current LCU) rose 22.9% on 2024 (from 96.56 billion to 118.67 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +12.5% and a typical year strayed about 24.7% from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator FM.AST.NFRG.CN, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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