Net incurrence of liabilities, total (% of GDP) in Cape Verde
Cape Verde: Net incurrence of liabilities, total (% of GDP) was 9.3% 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 % of GDP.
Analysis
In 2020, net incurrence of liabilities, total in Cape Verde stood at 9.3%.
That represents a change of up 102.5% on the previous year and down 21.0% over ten years.
Over the whole period, net incurrence of liabilities, total in Cape Verde peaked at 12.8% in 2013 and was at its lowest, 0.8%, in 2008.
Cape Verde ranks 12th of 136 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (% of GDP) in Cape Verde, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 6.7% | — |
| 2006 | 3.4% | -49.1% |
| 2007 | 1.2% | -65.0% |
| 2008 | 0.8% | -36.4% |
| 2009 | 6.1% | +702.1% |
| 2010 | 11.8% | +94.7% |
| 2011 | 10.3% | -12.7% |
| 2012 | 11.7% | +13.5% |
| 2013 | 12.8% | +9.6% |
| 2014 | 10.8% | -15.6% |
| 2015 | 8.0% | -25.9% |
| 2016 | 5.0% | -37.9% |
| 2017 | 3.7% | -25.2% |
| 2018 | 4.1% | +9.7% |
| 2019 | 4.6% | +12.7% |
| 2020 | 9.3% | +102.5% |
Cape Verde compared with similar countries
- Cape Verde's 9.3% is above the median for upper middle income countries, which is 2.9%, 3.3× the median. (47 countries reporting)
- Cape Verde's 9.3% is above the median for Sub-Saharan Africa, which is 3.9%, 2.4× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (% of GDP) 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 | +702.1% | 0.8% | 6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.6% | 0.8% | 6.7% | 5 |
| 2010s | 8.3% | 3.7% | 12.8% | 10 |
| 2020s | 9.3% | 9.3% | 9.3% | 1 |
Countries ranked near Cape Verde
More public sector data for Cape Verde
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Frequently asked questions
- What is net incurrence of liabilities, total in Cape Verde?
- Net incurrence of liabilities, total in Cape Verde was 9.3% 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 12.8% in 2013.
- What is the lowest net incurrence of liabilities, total recorded in Cape Verde?
- The lowest recorded value was 0.8% in 2008.
- How does Cape Verde rank for net incurrence of liabilities, total?
- Cape Verde ranks 12th 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 21.0%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.