Cape Verde recorded a Government Budget deficit equal to 2.60 percent of the country's Gross Domestic Product in 2018. Government Budget in Cape Verde averaged -3.47 percent of GDP from 2000 until 2018, reaching an all time high of 6.30 percent of GDP in 2001 and a record low of -12.40 percent of GDP in 2012.
Government Budget in Cape Verde is expected to be -2.40 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Government Budget is projected to trend around -2.00 percent of GDP in 2020, according to our econometric models.