Net incurrence of liabilities, total in Cape Verde
Cape Verde: Net incurrence of liabilities, total was 16.42 billion current LCU in 2020. ◆ Volatile
Net incurrence of liabilities, total in Cape Verde, 2005–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2020, net incurrence of liabilities, total in Cape Verde stood at 16.42 billion current LCU.
That represents a change of up 61.0% on the previous year and down 8.4% over ten years.
Over the whole period, net incurrence of liabilities, total in Cape Verde peaked at 21.59 billion current LCU in 2013 and was at its lowest, 1.11 billion current LCU, in 2008.
Cape Verde ranks 75th of 136 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in Cape Verde, year by year
| Year | current LCU | Change |
|---|---|---|
| 2005 | 5.76 billion current LCU | — |
| 2006 | 3.31 billion current LCU | -42.5% |
| 2007 | 1.58 billion current LCU | -52.3% |
| 2008 | 1.11 billion current LCU | -29.4% |
| 2009 | 8.98 billion current LCU | +705.4% |
| 2010 | 17.92 billion current LCU | +99.6% |
| 2011 | 16.71 billion current LCU | -6.8% |
| 2012 | 19.30 billion current LCU | +15.5% |
| 2013 | 21.59 billion current LCU | +11.9% |
| 2014 | 18.32 billion current LCU | -15.1% |
| 2015 | 13.93 billion current LCU | -24.0% |
| 2016 | 9.18 billion current LCU | -34.1% |
| 2017 | 7.27 billion current LCU | -20.8% |
| 2018 | 8.41 billion current LCU | +15.7% |
| 2019 | 10.20 billion current LCU | +21.3% |
| 2020 | 16.42 billion current LCU | +61.0% |
Cape Verde compared with similar countries
- Cape Verde's 16.42 billion current LCU is below the median for upper middle income countries, which is 48.87 billion current LCU, 34% of the median. (47 countries reporting)
- Cape Verde's 16.42 billion current LCU is below the median for Sub-Saharan Africa, which is 126.91 billion current LCU, 13% of the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total in Cape Verde changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +705.4% | 1.11 billion current LCU | 8.98 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.15 billion current LCU | 1.11 billion current LCU | 8.98 billion current LCU | 5 |
| 2010s | 14.28 billion current LCU | 7.27 billion current LCU | 21.59 billion current LCU | 10 |
| 2020s | 16.42 billion current LCU | 16.42 billion current LCU | 16.42 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)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is net incurrence of liabilities, total in Cape Verde?
- Net incurrence of liabilities, total in Cape Verde was 16.42 billion current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Cape Verde?
- The highest recorded value was 21.59 billion current LCU in 2013.
- What is the lowest net incurrence of liabilities, total recorded in Cape Verde?
- The lowest recorded value was 1.11 billion current LCU in 2008.
- How does Cape Verde rank for net incurrence of liabilities, total?
- Cape Verde ranks 75th out of 136 countries with data for 2020.
- Is net incurrence of liabilities, total rising or falling in Cape Verde?
- Over the last ten years it is down 8.4%. The long-run trend across the full record is volatile.
- 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.