Historical gov spending gdp in Cape Verde
Cape Verde: Historical gov spending gdp was 26.09 in 2024. ▼ Falling
Latest (2024)
26.09
Change on year
up 1.5%
World rank
95th
of 151 countries
All-time high
48.06
in 1994
All-time low
23.41
in 2003
Years of data
31
1994–2024
Historical gov spending gdp in Cape Verde, 1994–2024
Source: Our World in Data.
Analysis
In 2024, historical gov spending gdp in Cape Verde stood at 26.09.
Compared with earlier readings it is up 1.5% on the previous year and down 6.0% over ten years.
Over the whole period, historical gov spending gdp in Cape Verde peaked at 48.06 in 1994 and was at its lowest, 23.41, in 2003.
That places Cape Verde 95th out of 151 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Historical gov spending gdp in Cape Verde, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 48.06 | — |
| 1995 | 44.51 | -7.4% |
| 1996 | 38.92 | -12.5% |
| 1997 | 34.79 | -10.6% |
| 1998 | 29.85 | -14.2% |
| 1999 | 34.96 | +17.1% |
| 2000 | 36.69 | +5.0% |
| 2001 | 24.16 | -34.2% |
| 2002 | 28.53 | +18.1% |
| 2003 | 23.41 | -18.0% |
| 2004 | 26.27 | +12.2% |
| 2005 | 26.23 | -0.2% |
| 2006 | 28.4 | +8.3% |
| 2007 | 27.06 | -4.7% |
| 2008 | 27.6 | +2.0% |
| 2009 | 30.63 | +11.0% |
| 2010 | 35.71 | +16.6% |
| 2011 | 30.34 | -15.0% |
| 2012 | 31.58 | +4.1% |
| 2013 | 30.87 | -2.3% |
| 2014 | 27.77 | -10.0% |
| 2015 | 28.7 | +3.3% |
| 2016 | 26.65 | -7.1% |
| 2017 | 27.98 | +5.0% |
| 2018 | 27.54 | -1.6% |
| 2019 | 27.51 | -0.1% |
| 2020 | 34.54 | +25.6% |
| 2021 | 30.79 | -10.9% |
| 2022 | 26.6 | -13.6% |
| 2023 | 25.7 | -3.4% |
| 2024 | 26.09 | +1.5% |
Cape Verde compared with similar countries
- Cape Verde's 26.09 is below the median for upper middle income countries, which is 30.92, 84% of the median. (44 countries reporting)
- Cape Verde's 26.09 is above the median for Sub-Saharan Africa, which is 20.56, 1.3× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 38.51 | 29.85 | 48.06 | 6 |
| 2000s | 27.9 | 23.41 | 36.69 | 10 |
| 2010s | 29.46 | 26.65 | 35.71 | 10 |
| 2020s | 28.75 | 25.7 | 34.54 | 5 |
Countries ranked near Cape Verde
More economy & growth data for Cape Verde
- Real gdp growth, annual growth rate 51.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 300.47 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.7172 units per person (2025)
- SDRs holdings, SDR, annual growth rate 281.36 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0001 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.5237 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.54 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 51.68 units per person (2025)
Frequently asked questions
- What is historical gov spending gdp in Cape Verde?
- Historical gov spending gdp in Cape Verde was 26.09 in 2024, according to Our World in Data.
- What is the highest historical gov spending gdp recorded in Cape Verde?
- The highest recorded value was 48.06 in 1994.
- What is the lowest historical gov spending gdp recorded in Cape Verde?
- The lowest recorded value was 23.41 in 2003.
- How does Cape Verde rank for historical gov spending gdp?
- Cape Verde ranks 95th out of 151 countries with data for 2024.
- Is historical gov spending gdp rising or falling in Cape Verde?
- Over the last ten years it is down 6.0%. The long-run trend across the full record is falling.
- Where does this Cape Verde data come from?
- The figures come from Our World in Data, published as part of Historical gov spending gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (Our World in Data).