National Savings: Cabo Verde

Cabo Verde's national savings is currently 19.433 % of GDP as of 2026. # Cabo Verde National Savings Cabo Verde's national savings stood at 19.

Current (2026)

19.433 % of GDP

-8.6% y/y

Peak (2005)

37.583 % of GDP

Low (2023)

16.224 % of GDP

Source

IMF World Economic Outlook

2004–2026 · 23 pts

National Savings — Cabo Verde

2004 — 2026

National Savings — Cabo Verde

Analysis# Cabo Verde National Savings Cabo Verde's national savings stood at 19.433% of GDP in 2026, down substantially from its 2005 peak of 37.583% but above the 2023 low of 16.224%. Over the two-decade span from 2004 to 2026, the country experienced a 34.7% decline in savings rates, reflecting significant structural economic shifts and external pressures on domestic capital accumulation. The 2020 pandemic delivered a sharp contraction to 17.763%, marking a critical inflection point that reshaped savings patterns. Recovery proved uneven: a strong rebound to 26.028% in 2024 was followed by a decline to 21.271% in 2025 and further erosion to 19.433% in 2026. The recent downward trajectory suggests sustained headwinds to household and government savings capacity.

Historical Data

23 Rows

Year	Value	Change %
2026	19.433 % of GDP	-8.64%
2025	21.271 % of GDP	-18.28%
2024	26.028 % of GDP	+60.43%
2023	16.224 % of GDP	-15.39%
2022	19.176 % of GDP	+8.81%
2021	17.624 % of GDP	-0.78%
2020	17.763 % of GDP	-31.65%
2019	25.99 % of GDP	+1.59%
2018	25.584 % of GDP	+0.31%
2017	25.504 % of GDP	-9.11%
2016	28.061 % of GDP	-3.62%
2015	29.114 % of GDP	+9.24%
2014	26.651 % of GDP	-7.42%
2013	28.787 % of GDP	-0.87%
2012	29.04 % of GDP	-14.77%
2011	34.072 % of GDP	-1.48%
2010	34.584 % of GDP	+4.03%
2009	33.244 % of GDP	-11.20%
2008	37.439 % of GDP	+1.54%
2007	36.871 % of GDP	+4.52%