Taxes on incomes of individuals and corporations as share of GDP in Cape Verde
Cape Verde: Taxes on incomes of individuals and corporations as share of GDP was 4.8% in 2023. ▲ Rising
Latest (2023)
4.8%
Change on year
up 13.8%
World rank
127th
of 184 countries
All-time high
6.0%
in 2018
All-time low
3.0%
in 1991
Years of data
44
1980–2023
Taxes on incomes of individuals and corporations as share of GDP in Cape Verde, 1980–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
Cape Verde recorded 4.8% for taxes on incomes of individuals and corporations as share of gdp in 2023.
The figure is up 13.8% on the previous year and down 6.1% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Cape Verde peaked at 6.0% in 2018 and was at its lowest, 3.0%, in 1991.
Cape Verde ranks 127th of 184 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 44 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Cape Verde, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 3.1% | — |
| 1981 | 3.9% | +26.6% |
| 1982 | 5.5% | +40.5% |
| 1983 | 5.5% | -1.4% |
| 1984 | 4.6% | -15.2% |
| 1985 | 3.5% | -25.2% |
| 1986 | 4.0% | +16.2% |
| 1987 | 3.7% | -8.4% |
| 1988 | 3.2% | -13.7% |
| 1989 | 3.1% | -3.5% |
| 1990 | 3.0% | -1.9% |
| 1991 | 3.0% | -0.7% |
| 1992 | 3.4% | +15.0% |
| 1993 | 4.4% | +28.9% |
| 1994 | 5.1% | +16.0% |
| 1995 | 4.8% | -6.4% |
| 1996 | 4.6% | -4.5% |
| 1997 | 4.5% | -1.2% |
| 1998 | 4.5% | -0.2% |
| 1999 | 5.2% | +14.2% |
| 2000 | 4.8% | -6.4% |
| 2001 | 4.5% | -5.8% |
| 2002 | 5.4% | +19.1% |
| 2003 | 4.8% | -12.1% |
| 2004 | 4.8% | +1.0% |
| 2005 | 4.7% | -2.3% |
| 2006 | 5.4% | +15.3% |
| 2007 | 5.8% | +6.2% |
| 2008 | 5.8% | +0.3% |
| 2009 | 5.4% | -5.9% |
| 2010 | 5.2% | -4.5% |
| 2011 | 5.3% | +3.0% |
| 2012 | 5.2% | -2.4% |
| 2013 | 5.1% | -2.2% |
| 2014 | 4.6% | -10.4% |
| 2015 | 5.6% | +21.7% |
| 2016 | 5.4% | -2.0% |
| 2017 | 5.8% | +6.1% |
| 2018 | 6.0% | +3.3% |
| 2019 | 5.8% | -3.3% |
| 2020 | 5.6% | -2.2% |
| 2021 | 4.8% | -15.3% |
| 2022 | 4.2% | -12.0% |
| 2023 | 4.8% | +13.8% |
Cape Verde compared with similar countries
- Cape Verde's 4.8% is below the median for upper middle income countries, which is 5.7%, 83% of the median. (54 countries reporting)
- Cape Verde's 4.8% is above the median for Sub-Saharan Africa, which is 4.7%, 1.0× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.0% | 3.1% | 5.5% | 10 |
| 1990s | 4.3% | 3.0% | 5.2% | 10 |
| 2000s | 5.1% | 4.5% | 5.8% | 10 |
| 2010s | 5.4% | 4.6% | 6.0% | 10 |
| 2020s | 4.9% | 4.2% | 5.6% | 4 |
Countries ranked near Cape Verde
- 124 Dominican Republic 5.0% compare
- 125 Jordan 4.9% compare
- 126 Saint Lucia 4.9% compare
- 128 Djibouti 4.8% compare
- 129 Panama 4.8% compare
- 130 Venezuela, Bolivarian Republic of 4.7% compare
More economy & growth data for Cape Verde
- Foreign direct investment, net outflows (BoP, current US$), gaps 23.86 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0078 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 45.25 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 153.85 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 39.95 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0503 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 291.76 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 60.76 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.4119 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 2,387 includes gold, current US$ per person (2025)
Frequently asked questions
- What is taxes on incomes of individuals and corporations as share of gdp in Cape Verde?
- Taxes on incomes of individuals and corporations as share of gdp in Cape Verde was 4.8% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Cape Verde?
- The highest recorded value was 6.0% in 2018.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Cape Verde?
- The lowest recorded value was 3.0% in 1991.
- How does Cape Verde rank for taxes on incomes of individuals and corporations as share of gdp?
- Cape Verde ranks 127th out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Cape Verde?
- Over the last ten years it is down 6.1%. The long-run trend across the full record is rising.
- Where does this Cape Verde data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
Download this data
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About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.