Military expenditure (current USD), per unit of GDP in Cape Verde
Cape Verde: Military expenditure (current USD), per unit of GDP was 0.0062 current USD per US$ of GDP in 2024. ◆ Volatile
Military expenditure (current USD), per unit of GDP in Cape Verde, 1984–2024
Source: Statizoid (derived). Measured in current USD per US$ of GDP.
Analysis
Cape Verde recorded 0.0062 current USD per US$ of GDP for military expenditure (current usd), per unit of gdp in 2024.
That represents a change of up 8.2% on the previous year and up 26.0% over ten years.
Over the whole period, military expenditure (current usd), per unit of gdp in Cape Verde peaked at 0.0279 current USD per US$ of GDP in 1984 and was at its lowest, 0.0043 current USD per US$ of GDP, in 2019.
That places Cape Verde 144th out of 166 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure (current USD), per unit of GDP in Cape Verde, year by year
| Year | current USD per US$ of GDP | Change |
|---|---|---|
| 1984 | 0.0279 current USD per US$ of GDP | — |
| 1985 | 0.0246 current USD per US$ of GDP | -11.8% |
| 1986 | 0.0234 current USD per US$ of GDP | -5.2% |
| 1987 | 0.0211 current USD per US$ of GDP | -9.6% |
| 1988 | 0.0192 current USD per US$ of GDP | -9.0% |
| 1992 | 0.01 current USD per US$ of GDP | -48.2% |
| 1993 | 0.0056 current USD per US$ of GDP | -44.0% |
| 1994 | 0.0084 current USD per US$ of GDP | +51.3% |
| 1995 | 0.0127 current USD per US$ of GDP | +51.0% |
| 1996 | 0.0085 current USD per US$ of GDP | -33.4% |
| 1997 | 0.0084 current USD per US$ of GDP | -1.6% |
| 1998 | 0.0086 current USD per US$ of GDP | +3.5% |
| 1999 | 0.0084 current USD per US$ of GDP | -2.3% |
| 2000 | 0.0126 current USD per US$ of GDP | +49.3% |
| 2001 | 0.0082 current USD per US$ of GDP | -34.7% |
| 2002 | 0.0073 current USD per US$ of GDP | -11.6% |
| 2003 | 0.0071 current USD per US$ of GDP | -2.4% |
| 2004 | 0.007 current USD per US$ of GDP | -1.9% |
| 2005 | 0.0073 current USD per US$ of GDP | +4.4% |
| 2006 | 0.0063 current USD per US$ of GDP | -13.4% |
| 2007 | 0.0048 current USD per US$ of GDP | -23.6% |
| 2008 | 0.0055 current USD per US$ of GDP | +14.0% |
| 2009 | 0.0045 current USD per US$ of GDP | -17.4% |
| 2010 | 0.0045 current USD per US$ of GDP | -0.5% |
| 2011 | 0.0048 current USD per US$ of GDP | +5.6% |
| 2012 | 0.0051 current USD per US$ of GDP | +6.8% |
| 2013 | 0.0048 current USD per US$ of GDP | -4.9% |
| 2014 | 0.0049 current USD per US$ of GDP | +1.7% |
| 2015 | 0.0051 current USD per US$ of GDP | +3.6% |
| 2016 | 0.0055 current USD per US$ of GDP | +7.8% |
| 2017 | 0.0047 current USD per US$ of GDP | -14.8% |
| 2018 | 0.0049 current USD per US$ of GDP | +3.7% |
| 2019 | 0.0043 current USD per US$ of GDP | -11.1% |
| 2020 | 0.0062 current USD per US$ of GDP | +43.4% |
| 2021 | 0.0055 current USD per US$ of GDP | -11.7% |
| 2022 | 0.0046 current USD per US$ of GDP | -16.5% |
| 2023 | 0.0057 current USD per US$ of GDP | +25.6% |
| 2024 | 0.0062 current USD per US$ of GDP | +8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0233 current USD per US$ of GDP | 0.0192 current USD per US$ of GDP | 0.0279 current USD per US$ of GDP | 5 |
| 1990s | 0.0088 current USD per US$ of GDP | 0.0056 current USD per US$ of GDP | 0.0127 current USD per US$ of GDP | 8 |
| 2000s | 0.0071 current USD per US$ of GDP | 0.0045 current USD per US$ of GDP | 0.0126 current USD per US$ of GDP | 10 |
| 2010s | 0.0049 current USD per US$ of GDP | 0.0043 current USD per US$ of GDP | 0.0055 current USD per US$ of GDP | 10 |
| 2020s | 0.0056 current USD per US$ of GDP | 0.0046 current USD per US$ of GDP | 0.0062 current USD per US$ of GDP | 5 |
Countries ranked near Cape Verde
- 141 Switzerland 0.0069 current USD per US$ of GDP compare
- 142 Madagascar 0.0069 current USD per US$ of GDP compare
- 143 Argentina 0.0065 current USD per US$ of GDP compare
- 145 Egypt 0.0062 current USD per US$ of GDP compare
- 146 Ethiopia 0.0062 current USD per US$ of GDP compare
- 147 Moldova 0.0061 current USD per US$ of GDP compare
More public sector data for Cape Verde
- 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)
- Military expenditure (current USD), per capita 32.06 current USD per person (2024)
- Military expenditure (current USD), annual growth rate 17.23 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 16.83 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 744.42 SIPRI trend indicator values per square kilometre (2019)
- Military expenditure (current USD), per square kilometre 3,562 current USD per square kilometre (2023)
- Tax revenue 18.4% (2020)
Frequently asked questions
- What is military expenditure (current usd), per unit of gdp in Cape Verde?
- Military expenditure (current usd), per unit of gdp in Cape Verde was 0.0062 current USD per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest military expenditure (current usd), per unit of gdp recorded in Cape Verde?
- The highest recorded value was 0.0279 current USD per US$ of GDP in 1984.
- What is the lowest military expenditure (current usd), per unit of gdp recorded in Cape Verde?
- The lowest recorded value was 0.0043 current USD per US$ of GDP in 2019.
- How does Cape Verde rank for military expenditure (current usd), per unit of gdp?
- Cape Verde ranks 144th out of 166 countries with data for 2024.
- Is military expenditure (current usd), per unit of gdp rising or falling in Cape Verde?
- Over the last ten years it is up 26.0%. The long-run trend across the full record is volatile.
- Where does this Cape Verde data come from?
- The figures come from Statizoid (derived), published as part of Military expenditure (current USD), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Military expenditure (current USD) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Military expenditure (current USD) ÷ GDP (current US$)
Computed from
- Military expenditure SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Military expenditure (current USD) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.