Expense in Cape Verde
Cape Verde: Expense was 30.9% in 2020. ▬ Flat
Expense in Cape Verde, 2005–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for expense in Cape Verde is 30.9%, measured in 2020. That is the highest value across all 16 years on record.
That represents a change of up 29.3% on the previous year and up 71.7% over ten years.
Over the whole period, expense in Cape Verde peaked at 30.9% in 2020 and was at its lowest, 16.8%, in 2012.
Cape Verde ranks 56th of 157 countries on this measure, in the middle of the range.
Expense in Cape Verde, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 27.7% | — |
| 2006 | 26.9% | -2.8% |
| 2007 | 20.6% | -23.4% |
| 2008 | 19.1% | -7.6% |
| 2009 | 18.1% | -5.0% |
| 2010 | 18.0% | -0.7% |
| 2011 | 17.8% | -1.1% |
| 2012 | 16.8% | -5.4% |
| 2013 | 17.0% | +0.7% |
| 2014 | 17.9% | +5.7% |
| 2015 | 19.3% | +7.7% |
| 2016 | 19.1% | -1.2% |
| 2017 | 18.7% | -2.1% |
| 2018 | 22.5% | +20.6% |
| 2019 | 23.9% | +6.1% |
| 2020 | 30.9% | +29.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.5% | 18.1% | 27.7% | 5 |
| 2010s | 19.1% | 16.8% | 23.9% | 10 |
| 2020s | 30.9% | 30.9% | 30.9% | 1 |
Countries ranked near Cape Verde
More economy & growth data for Cape Verde
- Gross domestic savings (current US$), annual growth rate 42.4 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.0603 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 349.55 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 36.73 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 5.9 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 34,208 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 13.65 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9636 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 5,586 current US$ per person (2025)
- GNI (current US$), annual growth rate 13.1 % change on previous year (2025)
Frequently asked questions
- What is expense in Cape Verde?
- Expense in Cape Verde was 30.9% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Cape Verde?
- The highest recorded value was 30.9% in 2020.
- What is the lowest expense recorded in Cape Verde?
- The lowest recorded value was 16.8% in 2012.
- How does Cape Verde rank for expense?
- Cape Verde ranks 56th out of 157 countries with data for 2020.
- Is expense rising or falling in Cape Verde?
- Over the last ten years it is up 71.7%. The long-run trend across the full record is flat.
- Where does this Cape Verde data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.