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Commercial bank branches in Cape Verde

Cape Verde: Commercial bank branches was 34.8 per 100,000 adults in 2024. ▲ Rising

Latest (2024)
34.8 per 100,000 adults
Change on year
up 0.6%
World rank
9th
of 184 countries
All-time high
35.14 per 100,000 adults
in 2022
All-time low
15.46 per 100,000 adults
in 2004
Years of data
21
2004–2024

Commercial bank branches in Cape Verde, 2004–2024

0102030402004201420242004: 15.5 per 100,000 adults2005: 15.7 per 100,000 adults2006: 17.5 per 100,000 adults2007: 20.5 per 100,000 adults2008: 24.8 per 100,000 adults2009: 27.2 per 100,000 adults2010: 30.1 per 100,000 adults2011: 29.6 per 100,000 adults2012: 33.4 per 100,000 adults2013: 33.6 per 100,000 adults2014: 33.6 per 100,000 adults2015: 34 per 100,000 adults2016: 34.1 per 100,000 adults2017: 32.4 per 100,000 adults2018: 34.3 per 100,000 adults2019: 34.2 per 100,000 adults2020: 33.6 per 100,000 adults2021: 34.9 per 100,000 adults2022: 35.1 per 100,000 adults2023: 34.6 per 100,000 adults2024: 34.8 per 100,000 adults

Source: IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data. Measured in per 100,000 adults.

Analysis

In 2024, commercial bank branches in Cape Verde stood at 34.8 per 100,000 adults.

That represents a change of up 0.6% on the previous year and up 3.5% over ten years.

Over the whole period, commercial bank branches in Cape Verde peaked at 35.14 per 100,000 adults in 2022 and was at its lowest, 15.46 per 100,000 adults, in 2004.

Cape Verde ranks 9th of 184 countries on this measure, in the top 10%.

The long-run direction has been consistently rising across the 21 years of available data.

Commercial bank branches in Cape Verde, year by year

Year per 100,000 adults Change
2004 15.46 per 100,000 adults —
2005 15.69 per 100,000 adults +1.5%
2006 17.5 per 100,000 adults +11.6%
2007 20.47 per 100,000 adults +16.9%
2008 24.81 per 100,000 adults +21.2%
2009 27.18 per 100,000 adults +9.6%
2010 30.08 per 100,000 adults +10.7%
2011 29.59 per 100,000 adults -1.7%
2012 33.42 per 100,000 adults +13.0%
2013 33.63 per 100,000 adults +0.6%
2014 33.63 per 100,000 adults +0.0%
2015 33.97 per 100,000 adults +1.0%
2016 34.12 per 100,000 adults +0.4%
2017 32.41 per 100,000 adults -5.0%
2018 34.26 per 100,000 adults +5.7%
2019 34.22 per 100,000 adults -0.1%
2020 33.65 per 100,000 adults -1.7%
2021 34.94 per 100,000 adults +3.9%
2022 35.14 per 100,000 adults +0.6%
2023 34.58 per 100,000 adults -1.6%
2024 34.8 per 100,000 adults +0.6%

Averages by decade

DecadeAverage LowestHighest Years
2000s 20.18 per 100,000 adults 15.46 per 100,000 adults 27.18 per 100,000 adults 6
2010s 32.93 per 100,000 adults 29.59 per 100,000 adults 34.26 per 100,000 adults 10
2020s 34.62 per 100,000 adults 33.65 per 100,000 adults 35.14 per 100,000 adults 5

Countries ranked near Cape Verde

  1. 6 Luxembourg 46.08 per 100,000 adults compare
  2. 7 Macao 44.3 per 100,000 adults compare
  3. 8 Montenegro 36.42 per 100,000 adults compare
  4. 10 Saint Kitts and Nevis 33.92 per 100,000 adults compare
  5. 11 Japan 33.71 per 100,000 adults compare
  6. 12 Tonga 32.67 per 100,000 adults compare

See the full ranking of 184 places →

More reference data data for Cape Verde

All data for Cape Verde →

Frequently asked questions

What is commercial bank branches in Cape Verde?
Commercial bank branches in Cape Verde was 34.8 per 100,000 adults in 2024, according to IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data.
What is the highest commercial bank branches recorded in Cape Verde?
The highest recorded value was 35.14 per 100,000 adults in 2022.
What is the lowest commercial bank branches recorded in Cape Verde?
The lowest recorded value was 15.46 per 100,000 adults in 2004.
How does Cape Verde rank for commercial bank branches?
Cape Verde ranks 9th out of 184 countries with data for 2024.
Is commercial bank branches rising or falling in Cape Verde?
Over the last ten years it is up 3.5%. The long-run trend across the full record is rising.
Where does this Cape Verde data come from?
The figures come from IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data, published as part of Commercial bank branches. Statizoid updates them automatically from the source API.

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Commercial bank branches in Cape Verde. Statizoid, drawing on IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data. Retrieved 29 August 2026, from https://reference.statizoid.com/stat/number-of-commercial-bank-branches-per-100000-adults/cabo-verde/

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About this data

Indicator
Commercial bank branches
Unit
per 100,000 adults
Source
IMF Financial Access Survey, via World Bank (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
184 places, 3,628 data points, 2004–2024
Last refreshed

Number of commercial bank branches per 100,000 adults. Commercial bank branches are retail locations of resident commercial banks and other resident banks that function as commercial banks to provide financial services to customers.