Cape Verde: Foreign exchange reserves
* indicates monthly or quarterly data series
The most recent value is 68.93 billion Cape Verde Escudo as of August 2024, a decline compared to the previous value of 70.51 billion Cape Verde Escudo. Historically, the average for Cape Verde from December 2010 to August 2024 is 53.19 billion Cape Verde Escudo. The minimum of 23.42 billion Cape Verde Escudo was recorded in November 2011, while the maximum of 77.76 billion Cape Verde Escudo was reached in March 2024.
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* indicates monthly or quarterly data series
- Measure: billion Cape Verde Escudo
- Source: Bank of Cape Verde
| Recent values | Cape Verde: Foreign exchange reserves, billion currency units |
|---|---|
| 2024 Aug | 68.93 |
| 2024 Jul | 70.51 |
| 2024 Jun | 73.4 |
| 2024 May | 73.11 |
| 2024 Apr | 76.31 |
| 2024 Mar | 77.76 |
| 2024 Feb | 75.65 |
| 2024 Jan | 75 |
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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.
| 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 |