Goods and services expense (current LCU) in Cape Verde
Cape Verde: Goods and services expense (current LCU) was 11.14 billion current LCU in 2020. ▲ Rising
Goods and services expense in Cape Verde, 2005–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for goods and services expense in Cape Verde is 11.14 billion current LCU, measured in 2020. That is the highest value across all 16 years on record.
That represents a change of up 20.2% on the previous year and up 164.3% over ten years.
Over the whole period, goods and services expense in Cape Verde peaked at 11.14 billion current LCU in 2020 and was at its lowest, 3.87 billion current LCU, in 2012.
That places Cape Verde 101st out of 155 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Goods and services expense (current LCU) in Cape Verde, year by year
| Year | current LCU | Change |
|---|---|---|
| 2005 | 4.92 billion current LCU | — |
| 2006 | 4.79 billion current LCU | -2.5% |
| 2007 | 5.42 billion current LCU | +13.1% |
| 2008 | 4.31 billion current LCU | -20.5% |
| 2009 | 4.36 billion current LCU | +1.3% |
| 2010 | 4.21 billion current LCU | -3.4% |
| 2011 | 4.18 billion current LCU | -0.9% |
| 2012 | 3.87 billion current LCU | -7.4% |
| 2013 | 3.88 billion current LCU | +0.3% |
| 2014 | 4.47 billion current LCU | +15.2% |
| 2015 | 6.01 billion current LCU | +34.5% |
| 2016 | 6.10 billion current LCU | +1.5% |
| 2017 | 5.44 billion current LCU | -10.8% |
| 2018 | 7.52 billion current LCU | +38.2% |
| 2019 | 9.27 billion current LCU | +23.2% |
| 2020 | 11.14 billion current LCU | +20.2% |
Cape Verde compared with similar countries
- Cape Verde's 11.14 billion current LCU is below the median for upper middle income countries, which is 38.49 billion current LCU, 29% of the median. (46 countries reporting)
- Cape Verde's 11.14 billion current LCU is below the median for Sub-Saharan Africa, which is 189.83 billion current LCU, 6% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.76 billion current LCU | 4.31 billion current LCU | 5.42 billion current LCU | 5 |
| 2010s | 5.49 billion current LCU | 3.87 billion current LCU | 9.27 billion current LCU | 10 |
| 2020s | 11.14 billion current LCU | 11.14 billion current LCU | 11.14 billion current LCU | 1 |
Countries ranked near Cape Verde
More public sector data for Cape Verde
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 3.00 million SIPRI trend indicator values (2019)
- Arms imports (SIPRI trend indicator values), per capita 5.84 SIPRI trend indicator values per person (2019)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0013 SIPRI trend indicator values per US$ of GDP (2019)
- Arms imports (SIPRI trend indicator values), gaps filled 3.00 million SIPRI trend indicator values (2019)
Frequently asked questions
- What is goods and services expense in Cape Verde?
- Goods and services expense in Cape Verde was 11.14 billion current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Cape Verde?
- The highest recorded value was 11.14 billion current LCU in 2020.
- What is the lowest goods and services expense recorded in Cape Verde?
- The lowest recorded value was 3.87 billion current LCU in 2012.
- How does Cape Verde rank for goods and services expense?
- Cape Verde ranks 101st out of 155 countries with data for 2020.
- Is goods and services expense rising or falling in Cape Verde?
- Over the last ten years it is up 164.3%. The long-run trend across the full record is rising.
- Where does this Cape Verde data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.