Cape Verde recorded a Government Budget deficit equal to 8.90 percent of the country's Gross Domestic Product in 2020. source: Banco de Cabo Verde

Government Budget in Cape Verde averaged -3.56 percent of GDP from 2000 until 2020, reaching an all time high of 6.30 percent of GDP in 2001 and a record low of -10.50 percent of GDP in 2010. 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. Cape Verde Government Budget - values, historical data and charts - was last updated on July of 2021.

Government Budget in Cape Verde is expected to reach -7.60 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Government Budget is projected to trend around -4.00 percent of GDP in 2022 and -3.50 percent of GDP in 2023, according to our econometric models.

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Cape Verde Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-8.90 -1.80 6.30 -10.50 2000 - 2020 percent of GDP Yearly

Cape Verde Government Last Previous Highest Lowest Unit
Government Debt to GDP 155.80 124.70 155.80 57.17 percent of GDP [+]
Government Budget -8.90 -1.80 6.30 -10.50 percent of GDP [+]
Credit Rating 27.00 [+]
Military Expenditure 11.00 9.70 11.60 4.30 USD Million [+]
Government Revenues 8493.00 43751.00 57389.00 3861.83 CVE Millions [+]
Government Spending 8172.00 8400.00 8400.00 4810.00 CVE Million [+]


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.