Cabo Verde: Net investment in nonfinancial assets (current LCU)

Key figures

What the numbers say

In 2020, Cabo Verde's net investment in nonfinancial assets (current LCU) fell 30.7% on 2019 (from 8.56 billion to 5.93 billion).

Across the 14 yearly changes before that (2006 to 2019), the average change was +8.2% and a typical year strayed about 40.8% from that (the standard deviation). This year's change was 1.0 standard deviations below 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 81.2% in 2008 and the biggest yearly fall was 42.5% in 2014. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2011 to 2020 the straight-line trend is downward, about 1.14 billion a year. A straight line explains 64% 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 2020, Cabo Verde had the 6th highest value of the 10 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 2020 ranking

• Jamaica — 2nd of 10: 49.18 billion
• Honduras — 3rd of 10: 17.08 billion
• Bhutan — 4th of 10: 15.6 billion
• Bahrain — 6th of 10: 235.05 million
• St. Kitts and Nevis — 7th of 10: 122.7 million
• Micronesia, Fed. Sts. — 8th of 10: 39.22 million

What this measures

Net investment in government nonfinancial assets includes fixed assets, inventories, valuables, and nonproduced assets. Nonfinancial assets are stores of value and provide benefits either through their use in the production of goods and services or in the form of property income and holding gains. Net investment in nonfinancial assets also includes consumption of fixed capital. 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.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 16 values

Net investment in nonfinancial assets (current LCU) in nearby economies

• Angola — 3.45 trillion (2024)
• Botswana — 16.01 billion (2023)
• Burkina Faso — 1.48 trillion (2024)
• Burundi — 457.93 billion (2021)
• Cameroon — 1.13 trillion (2021)
• Central African Republic — 93.52 billion (2021)
• Congo, Dem. Rep. — 8.54 trillion (2022)
• Congo, Rep. — 252.6 billion (2021)
• Côte d'Ivoire — 757.18 billion (2023)

More public sector data for Cabo Verde

• Military expenditure (current USD) — 20.08 million (2025)
• Military expenditure (current LCU) — 1.96 billion (2025)
• Military expenditure (% of GDP) — 0.66% (2025)
• Armed forces personnel, total — 1,000 (2020)
• Military expenditure (% of general government expenditure) — 2.34% (2025)
• Armed forces personnel (% of total labor force) — 0.51% (2020)
• CPIA business regulatory environment rating (1=low to 6=high) — 4 (2025)
• CPIA debt policy rating (1=low to 6=high) — 3 (2025)
• CPIA economic management cluster average (1=low to 6=high) — 3.5 (2025)

Reading data like this

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Questions people ask

What is Cabo Verde's net investment in nonfinancial assets (current LCU)?

5.93 billion in 2020, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is down 15.16% from 6.99 billion in 2005 (1.09% a year on average, compounded). The highest value was 21.19 billion in 2010 and the lowest 5.57 billion in 2016.

How does Cabo Verde rank?

6th highest of 10 economies with data for 2020.

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

In 2020, Cabo Verde's net investment in nonfinancial assets (current LCU) fell 30.7% on 2019 (from 8.56 billion to 5.93 billion). Across the 14 yearly changes before that (2006 to 2019), the average change was +8.2% and a typical year strayed about 40.8% from that (the standard deviation). This year's change was 1.0 standard deviations below 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 GC.NFN.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, 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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