Cabo Verde's net secondary income (net current transfers from abroad) (current LCU) was 48.85 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 93.5% from 25.24 billion in 2015 (6.82% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 48.85 billion | 2025 |
| Five years earlier | 32.46 billion | 2020 |
| Ten years earlier | 25.24 billion | 2015 |
| Highest | 48.85 billion | 2025 |
| Lowest | 1.6 billion | 1980 |
| Average since 2016 | 37.16 billion | 2016–2025 |
| First recorded | 1.6 billion |
What the numbers say
In 2025, Cabo Verde's net secondary income (net current transfers from abroad) (current LCU) rose 2.7% on 2024 (from 47.57 billion to 48.85 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +5.8% and a typical year strayed about 10% from that (the standard deviation). This year's change was 0.3 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 74.1% in 1981 and the biggest yearly fall was 21.6% in 2012. 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 2.59 billion a year. A straight line explains 93% 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 55th highest value of the 130 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
- Albania — 51st of 130: 132.86 billion
- Bangladesh — 52nd of 130: 110.49 billion
- Guinea-Bissau — 53rd of 130: 94.18 billion
- Moldova — 55th of 130: 32.22 billion
- Brazil — 56th of 130: 29.16 billion
- Peru — 57th of 130: 28.34 billion
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. 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 46 values
| Year | Net secondary income (net current transfers from abroad) (current LCU) |
|---|---|
| 2025 | 48,847,852,705 |
| 2024 | 47,570,179,440 |
| 2023 | 42,886,178,103 |
| 2022 | 42,817,166,300 |
| 2021 | 40,189,020,400 |
| 2020 | 32,455,325,300 |
| 2019 | 29,774,747,700 |
| 2018 | 29,584,323,600 |
| 2017 | 29,671,589,500 |
| 2016 | 27,845,409,000 |
Net secondary income (net current transfers from abroad) (current LCU) in nearby economies
- Angola — -364.31 billion (2025)
- Benin — 178.36 billion (2025)
- Botswana — 28 billion (2024)
- Burkina Faso — 460.81 billion (2022)
- Burundi — 1.5 trillion (2025)
- Cameroon — 571.2 billion (2025)
- Central African Republic — 94.6 billion (2017)
- Chad — 177.66 billion (2024)
- Comoros
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 secondary income (net current transfers from abroad) (current LCU)?
- 48.85 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1980?
- It is up 2,960% from 1.6 billion in 1980 (7.9% a year on average, compounded). The highest value was 48.85 billion in 2025 and the lowest 1.6 billion in 1980.
- How does Cabo Verde rank?
- 55th highest of 130 economies with data for 2025.
- Is the latest change in net secondary income (net current transfers from abroad) (current LCU) unusual for Cabo Verde?
- In 2025, Cabo Verde's net secondary income (net current transfers from abroad) (current LCU) rose 2.7% on 2024 (from 47.57 billion to 48.85 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +5.8% and a typical year strayed about 10% from that (the standard deviation). This year's change was 0.3 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 NY.TRF.NCTR.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) 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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