Insurance and financial services in Cape Verde
Cape Verde: Insurance and financial services was 0.4% in 2025. ◆ Volatile
Insurance and financial services in Cape Verde, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
In 2025, insurance and financial services in Cape Verde stood at 0.4%.
That represents a change of down 12.4% on the previous year and down 71.1% over ten years.
Over the whole period, insurance and financial services in Cape Verde peaked at 3.0% in 1999 and was at its lowest, 0.0%, in 1983.
Cape Verde ranks 167th of 190 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Cape Verde, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 1977 | 1.7% | — |
| 1978 | 0.1% | -94.5% |
| 1979 | 0.2% | +82.9% |
| 1980 | 0.0% | -88.8% |
| 1982 | 0.0% | -49.4% |
| 1983 | 0.0% | -33.3% |
| 1984 | 0.0% | +413.8% |
| 1985 | 0.0% | -26.8% |
| 1986 | 0.0% | -54.3% |
| 1998 | 0.2% | +1899.8% |
| 1999 | 3.0% | +1231.7% |
| 2000 | 1.1% | -64.7% |
| 2001 | 2.1% | +90.9% |
| 2002 | 0.3% | -84.8% |
| 2003 | 0.7% | +119.4% |
| 2004 | 0.8% | +16.5% |
| 2005 | 1.5% | +87.4% |
| 2006 | 1.5% | -2.6% |
| 2007 | 1.3% | -12.6% |
| 2008 | 1.6% | +21.7% |
| 2009 | 1.9% | +20.4% |
| 2010 | 1.3% | -29.0% |
| 2011 | 2.0% | +53.1% |
| 2012 | 1.0% | -50.1% |
| 2013 | 1.2% | +22.1% |
| 2014 | 1.4% | +13.1% |
| 2015 | 1.2% | -13.4% |
| 2016 | 1.0% | -17.2% |
| 2017 | 0.8% | -18.8% |
| 2018 | 0.7% | -13.6% |
| 2019 | 0.6% | -13.7% |
| 2020 | 1.7% | +183.4% |
| 2021 | 1.1% | -34.3% |
| 2022 | 0.6% | -43.9% |
| 2023 | 0.5% | -28.5% |
| 2024 | 0.4% | -11.7% |
| 2025 | 0.4% | -12.4% |
Cape Verde compared with similar countries
- Cape Verde's 0.4% is below the median for upper middle income countries, which is 1.9%, 19% of the median. (53 countries reporting)
- Cape Verde's 0.4% is below the median for Sub-Saharan Africa, which is 3.3%, 11% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Cape Verde changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | +1899.8% | 0.0% | 0.2% |
| 1999 | +1231.7% | 0.2% | 3.0% |
| 1984 | +413.8% | 0.0% | 0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.7% | 0.1% | 1.7% | 3 |
| 1980s | 0.0% | 0.0% | 0.0% | 6 |
| 1990s | 1.6% | 0.2% | 3.0% | 2 |
| 2000s | 1.3% | 0.3% | 2.1% | 10 |
| 2010s | 1.1% | 0.6% | 2.0% | 10 |
| 2020s | 0.8% | 0.4% | 1.7% | 6 |
Countries ranked near Cape Verde
More private sector data for Cape Verde
- Merchandise trade 70.0% (2025)
- Food imports 32.6% (2024)
- Manufactures imports 50.8% (2024)
- Merchandise imports 2.04 billion current US$ (2025)
- Food exports 86.4% (2024)
- Manufactures exports 13.6% (2024)
- Merchandise exports 96.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 182.05 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0314 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 23.08 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Cape Verde?
- Insurance and financial services in Cape Verde was 0.4% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Cape Verde?
- The highest recorded value was 3.0% in 1999.
- What is the lowest insurance and financial services recorded in Cape Verde?
- The lowest recorded value was 0.0% in 1983.
- How does Cape Verde rank for insurance and financial services?
- Cape Verde ranks 167th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Cape Verde?
- Over the last ten years it is down 71.1%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service exports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.