Cape Verde: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Cape Verde

Fiscal balance, percent of GDP

 Latest value -4.40
 Year 2023
 Measure percent
 Data availability 1994 - 2023
 Average -6.97
 Min - Max -17.84 - -0.94
 Source African Development Bank
For that indicator, we provide data for Cape Verde from 1994 to 2023. The average value for Cape Verde during that period was -6.97 percent with a minimum of -17.84 percent in 2000 and a maximum of -0.94 percent in 2007. The latest value from 2023 is -4.4 percent. For comparison, the world average in 2023 based on 112 countries is -3.16 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Cape Verde - Fiscal balance, percent of GDP - Recent values chart

Historical chart
Cape Verde - Fiscal balance, percent of GDP - historical chart - 1994-2023




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 21.01 2022 percent
 Government spending, in dollars 0.53 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -4.40 2023 percent
 Government debt 120.85 2022 percent
 Government expenditure 13.36 Q3/2023 billion
 Tax revenue 17.80 2017 percent
 Commercial tax rate 37.50 2019 percent
 Tax preparation time 180 2019 hours
 Number of taxes 30 2019 taxes
 Taxes on goods and services 29.51 2017 percent
 Taxes on international trade 12.85 2017 percent
 Income and profits taxes 19.48 2017 percent
 Foreign aid 150.12 2021 million U.S. dollars
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