Cabo Verde's PPG, IBRD (DOD, current US$) was US$34.47 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 12.36% from US$39.34 million in 2014 (1.31% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$34.47 million | 2024 |
| Five years earlier | US$39.75 million | 2019 |
| Ten years earlier | US$39.34 million | 2014 |
| Highest | US$46.46 million | 2020 |
| Lowest | US$1.38 million | 2012 |
| Average since 2015 | US$40.77 million | 2015–2024 |
| First recorded | US$1.38 million |
What the numbers say
In 2024, Cabo Verde's PPG, IBRD (DOD, current US$) fell 9.5% on 2023 (from US$38.08 million to US$34.47 million).
Across the 11 yearly changes before that (2013 to 2023), the average change was +129.4% and a typical year strayed about 397.4% 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 1,323.8% in 2013 and the biggest yearly fall was 10.9% in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about US$690,800 a year. A straight line explains 34% 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 2024, Cabo Verde had the 57th highest value of the 62 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.
| Value | Year | |
|---|---|---|
| Cabo Verde | US$34.47 million | 2024 |
| Upper middle income | US$162.69 billion | 2024 |
Closest to Cabo Verde in the 2024 ranking
- Mauritius — 54th of 62: US$92.94 million
- Kosovo — 55th of 62: US$82.19 million
- Belize — 56th of 62: US$40.55 million
- Turkmenistan — 58th of 62: US$20 million
- Grenada — 59th of 62: US$13 million
- Timor-Leste — 60th of 62: US$12.66 million
What this measures
Public and publicly guaranteed debt outstanding from the International Bank for Reconstruction and Development (IBRD) is nonconcessional. Nonconcessional debt excludes loans with an original grant element of 35 percent or more. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 13 values
| Year | PPG, IBRD (DOD, current US$) |
|---|---|
| 2024 | 34,472,000 |
| 2023 | 38,078,000 |
| 2022 | 37,634,000 |
| 2021 | 41,410,000 |
| 2020 | 46,460,000 |
| 2019 | 39,754,000 |
| 2018 | 42,364,000 |
| 2017 | 45,593,000 |
| 2016 | 41,151,000 |
| 2015 | 40,752,000 |
| 2014 |
PPG, IBRD (DOD, current US$) in nearby economies
- Angola — US$4.49 billion (2024)
- Botswana — US$678.08 million (2024)
- Cameroon — US$541.94 million (2024)
- Congo, Rep. — US$221.58 million (2024)
- Côte d'Ivoire — US$161.5 million (2024)
- Eswatini — US$221.83 million (2024)
- Gabon — US$619.91 million (2024)
- Kenya — US$1.95 billion (2024)
- Mauritius — US$92.94 million (2024)
- Nigeria — US$1.24 billion (2024)
- South Africa — US$3.43 billion (2024)
More economic policy & debt data for Cabo Verde
- Grants, excluding technical cooperation (BoP, current US$) — 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$194.72 (2023)
- Adjusted savings, education expenditure (% of GNI)
Reading data like this
Questions people ask
- What is Cabo Verde's PPG, IBRD (DOD, current US$)?
- US$34.47 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2012?
- It is up 2,391% from US$1.38 million in 2012 (30.73% a year on average, compounded). The highest value was US$46.46 million in 2020 and the lowest US$1.38 million in 2012.
- How does Cabo Verde rank?
- 57th highest of 62 economies with data for 2024.
- Is the latest change in PPG, IBRD (DOD, current US$) unusual for Cabo Verde?
- In 2024, Cabo Verde's PPG, IBRD (DOD, current US$) fell 9.5% on 2023 (from US$38.08 million to US$34.47 million). Across the 11 yearly changes before that (2013 to 2023), the average change was +129.4% and a typical year strayed about 397.4% 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 DT.DOD.MIBR.CD, licensed CC BY 4.0. Original source: International Debt Statistics, 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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