Cape Verde: Current account, in dollars

* indicates monthly or quarterly data series
 Cape Verde

Current account balance, billion USD

 Latest value -0.08
 Year 2023
 Measure billion U.S. dollars
 Data availability 1977 - 2023
 Average -0.08
 Min - Max -0.30 - 0.01
 Source The World Bank
The latest value from 2023 is -0.08 billion U.S. dollars, a decline from -0.07 billion U.S. dollars in 2022. In comparison, the world average is 3.07 billion U.S. dollars, based on data from 111 countries. Historically, the average for Cape Verde from 1977 to 2023 is -0.08 billion U.S. dollars. The minimum value, -0.3 billion U.S. dollars, was reached in 2011 while the maximum of 0.01 billion U.S. dollars was recorded in 1977. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Cape Verde - Current account, in dollars - Recent values chart

Historical series
Cape Verde - Current account, in dollars - historical chart - 1977-2023




Definition: Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Data are in current U.S. dollars.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 95.69 2021 percent
 Trade openness 93.87 2023 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 39.72 2023 percent
 Exports, billion dollars 1.03 2023 billion U.S. dollars
 Growth of exports 4.88 2023 percent
 Imports, percent of GDP 54.14 2023 percent
 Imports, billion dollars 1.40 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 6.15 2023 percent
 Foreign Direct Investment, billion dollars 0.12 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.00 2023 million dollars (current)
 Current account, percent of GDP -6.10 2023 percent
 Current account, in dollars -0.08 2023 billion U.S. dollars
 Trade balance, percent of GDP -14.42 2023 percent
 Trade balance, in dollars -0.47 2023 billion U.S. dollars
 Reserves 0.82 2023 billion U.S. dollars
 Remittances, percent of GDP 12.24 2023 percent
 Remittances 316.72 2023 million U.S. dollars
 Net errors and omissions -20.44 2023 million USD
 External debt 91.49 2022 percent
 Short-term external debt 0.00 2022 percent
 Short-term debt to reserves 0.00 2022 percent
 Foreign exchange reserves 68.93 8/2024 billion
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