Cape Verde recorded a government debt equivalent to 124 percent of the country's Gross Domestic Product in 2018.

Government Debt to GDP in Cape Verde averaged 86.39 percent from 2000 until 2018, reaching an all time high of 127.70 percent in 2016 and a record low of 57.17 percent in 2008. This page provides the latest reported value for - Cape Verde Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cape Verde Government Debt to GDP - values, historical data and charts - was last updated on September of 2020.

Government Debt to GDP in Cape Verde is expected to reach 140.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Government Debt to GDP is projected to trend around 145.00 percent in 2021 and 150.00 percent in 2022, according to our econometric models.

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Cape Verde Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
124.00 126.80 127.70 57.17 2000 - 2018 percent Yearly

Cape Verde Government Last Previous Highest Lowest Unit
Government Debt to GDP 124.00 126.80 127.70 57.17 percent [+]
Government Budget -1.80 -2.70 6.30 -12.40 percent of GDP [+]
Military Expenditure 10.00 9.00 11.00 4.00 USD Million [+]
Government Revenues 19586.00 12708.60 19586.00 3861.83 CVE Millions [+]
Government Spending 7970.00 7044.00 7970.00 4809.66 CVE Million [+]
Credit Rating 27.00 [+]

Cape Verde Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.