Social contributions in Cape Verde
Cape Verde: Social contributions was 78.06 million current LCU in 2020. ◆ Volatile
Social contributions 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 social contributions in Cape Verde is 78.06 million current LCU, measured in 2020.
That represents a change of up 1.9% on the previous year and up 86.3% over ten years.
Over the whole period, social contributions in Cape Verde peaked at 532.73 million current LCU in 2005 and was at its lowest, 36.54 million current LCU, in 2011.
That places Cape Verde 100th out of 112 countries with data for 2020, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Social contributions in Cape Verde, year by year
| Year | current LCU | Change |
|---|---|---|
| 2005 | 532.73 million current LCU | — |
| 2006 | 497.34 million current LCU | -6.6% |
| 2007 | 86.52 million current LCU | -82.6% |
| 2008 | 49.79 million current LCU | -42.5% |
| 2009 | 45.55 million current LCU | -8.5% |
| 2010 | 41.90 million current LCU | -8.0% |
| 2011 | 36.54 million current LCU | -12.8% |
| 2012 | 41.32 million current LCU | +13.1% |
| 2013 | 43.10 million current LCU | +4.3% |
| 2014 | 55.65 million current LCU | +29.1% |
| 2015 | 45.72 million current LCU | -17.9% |
| 2016 | 55.69 million current LCU | +21.8% |
| 2017 | 60.37 million current LCU | +8.4% |
| 2018 | 77.79 million current LCU | +28.8% |
| 2019 | 76.59 million current LCU | -1.5% |
| 2020 | 78.06 million current LCU | +1.9% |
Cape Verde compared with similar countries
- Cape Verde's 78.06 million current LCU is below the median for upper middle income countries, which is 36.26 billion current LCU, 0% of the median. (37 countries reporting)
- Cape Verde's 78.06 million current LCU is below the median for Sub-Saharan Africa, which is 7.63 billion current LCU, 1% of the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 242.39 million current LCU | 45.55 million current LCU | 532.73 million current LCU | 5 |
| 2010s | 53.47 million current LCU | 36.54 million current LCU | 77.79 million current LCU | 10 |
| 2020s | 78.06 million current LCU | 78.06 million current LCU | 78.06 million current LCU | 1 |
Countries ranked near Cape Verde
- 97 Andorra 384.49 million current LCU
- 98 Bhutan 287.62 million current LCU compare
- 99 San Marino 240.73 million current LCU compare
- 101 Saint Vincent and the Grenadines 16.10 million current LCU
- 102 Seychelles 15.00 million current LCU
- 103 Samoa 13.61 million current LCU compare
More public sector data for Cape Verde
- Democracy, 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)
- Elected parliament, 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)
- 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 social contributions in Cape Verde?
- Social contributions in Cape Verde was 78.06 million current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Cape Verde?
- The highest recorded value was 532.73 million current LCU in 2005.
- What is the lowest social contributions recorded in Cape Verde?
- The lowest recorded value was 36.54 million current LCU in 2011.
- How does Cape Verde rank for social contributions?
- Cape Verde ranks 100th out of 112 countries with data for 2020.
- Is social contributions rising or falling in Cape Verde?
- Over the last ten years it is up 86.3%. 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 Social contributions (current LCU). Statizoid updates them automatically from the source API.
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About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. 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.