Current Account Balance: Cabo Verde
Cabo Verde's current account balance is currently -2.3 % of GDP as of 2026. # Cabo Verde Current Account Balance Cabo Verde's current account balance stands at -2.
Current (2026)
-2.3 % of GDP
-155.6% y/y
Peak (1987)
5.2 % of GDP
Low (1980)
-45.3 % of GDP
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Current Account Balance — Cabo Verde
1980 — 2026
Current Account Balance — Cabo Verde
Analysis# Cabo Verde Current Account Balance
Cabo Verde's current account balance stands at -2.3% of GDP in 2026, reflecting modest external imbalance in the island nation's trade accounts. The metric has recovered dramatically from its all-time low of -45.3% in 1980, though it remains below the peak of 5.2% achieved in 1987. Over the 46-year span, Cabo Verde has improved its position by 94.9%, demonstrating substantial progress in managing its external accounts despite persistent structural challenges.
Recent years reveal high volatility, with sharp swings from a surplus of 3.8% in 2024 to deficits in subsequent years. The 2020 pandemic shock created a severe -15.4% deficit, followed by gradual stabilization through 2023. Forward projections suggest Cabo Verde will likely maintain modest deficits as it navigates tourism-dependent economic dynamics and import requirements for development.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | -3.4 % of GDP | +0.00% |
| 2029 | -3.4 % of GDP | +0.00% |
| 2028 | -3.4 % of GDP | -9.68% |
| 2027 | -3.1 % of GDP | -34.78% |
| 2026 | -2.3 % of GDP | -155.56% |
| 2025 | -0.9 % of GDP | -123.68% |
| 2024 | 3.8 % of GDP | +240.74% |
| 2023 | -2.7 % of GDP | +22.86% |
| 2022 | -3.5 % of GDP | +71.07% |
| 2021 | -12.1 % of GDP | +21.43% |
| 2020 | -15.4 % of GDP | -7800.00% |
| 2019 | 0.2 % of GDP | +104.17% |
| 2018 | -4.8 % of GDP | +31.43% |
| 2017 | -7 % of GDP | -105.88% |
| 2016 | -3.4 % of GDP | -17.24% |
| 2015 | -2.9 % of GDP | +65.06% |
| 2014 | -8.3 % of GDP | -88.64% |
| 2013 | -4.4 % of GDP | +61.74% |
| 2012 | -11.5 % of GDP | +22.30% |
| 2011 | -14.8 % of GDP | -30.97% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | -11.3 % of GDP | +15.67% |
| 2009 | -13.4 % of GDP | -7.20% |
| 2008 | -12.5 % of GDP | -5.04% |
| 2007 | -11.9 % of GDP | -190.24% |
| 2006 | -4.1 % of GDP | -70.83% |
| 2005 | -2.4 % of GDP | +77.14% |
| 2004 | -10.5 % of GDP | -28.05% |
| 2003 | -8.2 % of GDP | -2.50% |
| 2002 | -8 % of GDP | -5.26% |
| 2001 | -7.6 % of GDP | +12.64% |
| 2000 | -8.7 % of GDP | +26.89% |
| 1999 | -11.9 % of GDP | -33.71% |
| 1998 | -8.9 % of GDP | -81.63% |
| 1997 | -4.9 % of GDP | +14.04% |
| 1996 | -5.7 % of GDP | +47.22% |
| 1995 | -10.8 % of GDP | -5.88% |
| 1994 | -10.2 % of GDP | -32.47% |
| 1993 | -7.7 % of GDP | -79.07% |
| 1992 | -4.3 % of GDP | -13.16% |
| 1991 | -3.8 % of GDP | +13.64% |
| 1990 | -4.4 % of GDP | +45.00% |
| 1989 | -8 % of GDP | -321.05% |
| 1988 | -1.9 % of GDP | -136.54% |
| 1987 | 5.2 % of GDP | +477.78% |
| 1986 | 0.9 % of GDP | +129.03% |
| 1985 | -3.1 % of GDP | +35.42% |
| 1984 | -4.8 % of GDP | +42.86% |
| 1983 | -8.4 % of GDP | +4.55% |
| 1982 | -8.8 % of GDP | +30.16% |
| 1981 | -12.6 % of GDP | +72.19% |
| 1980 | -45.3 % of GDP | — |
Related Data
Other Metrics
For Cabo Verde
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Demographics
People & population data
No demographic data available.