Cape Verde recorded a Government Budget deficit equal to 2.60 percent of the country's Gross Domestic Product in 2018. Cape Verde Government Budget - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

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. This page provides the latest reported value for - Cape Verde Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Government Budget in Cape Verde is expected to reach -1.70 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Government Budget is projected to trend around -1.50 percent of GDP in 2021 and -1.30 percent of GDP in 2022, according to our econometric models.


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Cape Verde Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.60 -3.10 6.30 -12.40 2000 - 2018 percent of GDP Yearly


Cape Verde Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.