Cabo Verde's net ODA received (% of central government expense) was 28.31% in 2020, the latest year in the World Bank's World Development Indicators. That is down 64.57 percentage points from 92.88% in 2010.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 28.31% | 2020 |
| Five years earlier | 45.37% | 2015 |
| Ten years earlier | 92.88% | 2010 |
| Highest | 92.88% | 2010 |
| Lowest | 16.98% | 2018 |
| Average since 2011 | 46.45% | 2011–2020 |
| First recorded | 60.47% | 2005 |
What the numbers say
In 2020, Cabo Verde's net ODA received (% of central government expense) fell 0.12 percentage points on 2019 (from 28.44% to 28.31%).
Across the 14 yearly changes before that (2006 to 2019), the average change was −2.29 percentage points and a typical year strayed about 15.15 percentage points from that (the standard deviation). This year's change was 0.1 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 34.22 percentage points in 2010 and the biggest yearly fall was 23.84 percentage points 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 2011 to 2020 the straight-line trend is downward, about 6.52 percentage points a year. A straight line explains 84% 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.
Closest to Cabo Verde in the 2020 ranking
What this measures
Net official development assistance (ODA) consists of disbursements of loans made on concessional terms (net of repayments of principal) and grants by official agencies of the members of the Development Assistance Committee (DAC), by multilateral institutions, and by non-DAC countries to promote economic development and welfare in countries and territories in the DAC list of ODA recipients. It includes loans with a grant element of at least 25 percent (calculated at a rate of discount of 10 percent).
Limitations: Data on ODA is for aid-receiving countries. The data cover loans and grants from DAC member countries, multilateral organizations, and non-DAC donors. They do not reflect aid given by recipient countries to other developing countries. As a result, some countries that are net donors are shown as aid recipients. The indicator does not distinguish types of aid (program, project, or food aid; emergency assistance; or post-conflict peacekeeping assistance), which may have different effects on the economy. Ratio of aid to central government expense provides measures of recipient country's dependency on aid. But care must be taken in drawing policy conclusions.
All 16 values
| Year | Net ODA received (% of central government expense) |
|---|---|
| 2020 | 28.31 |
| 2019 | 28.44 |
| 2018 | 16.98 |
| 2017 | 33 |
| 2016 | 32.66 |
| 2015 | 45.37 |
| 2014 | 63.2 |
| 2013 | 71.25 |
| 2012 | 76.27 |
| 2011 | 69.05 |
| 2010 |
Net ODA received (% of central government expense) in nearby economies
- Angola — 0.19% (2019)
- Botswana — 6.13% (2023)
- Burkina Faso — 36.5% (2023)
- Burundi — 145.28% (2021)
- Cameroon — 20.43% (2021)
- Central African Republic — 224.99% (2021)
- Congo, Dem. Rep. — 37.53% (2022)
- Congo, Rep. — 8.59% (2021)
- Côte d'Ivoire — 16.45% (2023)
- Equatorial Guinea
More economic policy & debt data for Cabo Verde
- Grants, excluding technical cooperation (BoP, current US$) — US$42.27 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$33.96 million (2023)
- Net official development assistance and official aid received (current US$) — US$101.71 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$101.71 million (2023)
- Net official development assistance received (current US$) — US$101.71 million (2023)
- Net official development assistance received (constant 2023 US$) — US$101.71 million (2023)
- Net ODA received per capita (current US$) — US$194.72 (2023)
- Adjusted savings, education expenditure (% of GNI)
Reading data like this
Questions people ask
- What is Cabo Verde's net ODA received (% of central government expense)?
- 28.31% in 2020, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is down 32.15 percentage points from 60.47% in 2005. The highest value was 92.88% in 2010 and the lowest 16.98% in 2018.
- Is the latest change in net ODA received (% of central government expense) unusual for Cabo Verde?
- In 2020, Cabo Verde's net ODA received (% of central government expense) fell 0.12 percentage points on 2019 (from 28.44% to 28.31%). Across the 14 yearly changes before that (2006 to 2019), the average change was −2.29 percentage points and a typical year strayed about 15.15 percentage points from that (the standard deviation). This year's change was 0.1 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 DT.ODA.ODAT.XP.ZS, licensed CC BY 4.0. Original source: Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD), uri: www.oecd.org/dac/stats/idsonline; Geographical Distribution of Financial Flows to Developing Countries, Organisation for Economic Co-operation and Development (OECD), uri: www.oecd.org/dac/stats/ids… 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in