Tax revenue in Cape Verde
Cape Verde: Tax revenue was 32.42 billion current LCU in 2020. ▲ Rising
Tax revenue in Cape Verde, 2005–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2020, tax revenue in Cape Verde stood at 32.42 billion current LCU.
Compared with earlier readings it is down 19.8% on the previous year and up 26.8% over ten years.
Over the whole period, tax revenue in Cape Verde peaked at 40.43 billion current LCU in 2019 and was at its lowest, 18.17 billion current LCU, in 2005.
That places Cape Verde 107th out of 157 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.
Tax revenue in Cape Verde, year by year
| Year | current LCU | Change |
|---|---|---|
| 2005 | 18.17 billion current LCU | — |
| 2006 | 22.15 billion current LCU | +21.9% |
| 2007 | 25.50 billion current LCU | +15.1% |
| 2008 | 28.67 billion current LCU | +12.4% |
| 2009 | 25.03 billion current LCU | -12.7% |
| 2010 | 25.56 billion current LCU | +2.1% |
| 2011 | 29.19 billion current LCU | +14.2% |
| 2012 | 26.89 billion current LCU | -7.9% |
| 2013 | 27.42 billion current LCU | +2.0% |
| 2014 | 26.34 billion current LCU | -4.0% |
| 2015 | 29.80 billion current LCU | +13.2% |
| 2016 | 30.84 billion current LCU | +3.5% |
| 2017 | 34.77 billion current LCU | +12.7% |
| 2018 | 39.00 billion current LCU | +12.2% |
| 2019 | 40.43 billion current LCU | +3.7% |
| 2020 | 32.42 billion current LCU | -19.8% |
Cape Verde compared with similar countries
- Cape Verde's 32.42 billion current LCU is below the median for upper middle income countries, which is 346.89 billion current LCU, 9% of the median. (48 countries reporting)
- Cape Verde's 32.42 billion current LCU is below the median for Sub-Saharan Africa, which is 692.11 billion current LCU, 5% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.90 billion current LCU | 18.17 billion current LCU | 28.67 billion current LCU | 5 |
| 2010s | 31.02 billion current LCU | 25.56 billion current LCU | 40.43 billion current LCU | 10 |
| 2020s | 32.42 billion current LCU | 32.42 billion current LCU | 32.42 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)
- 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 tax revenue in Cape Verde?
- Tax revenue in Cape Verde was 32.42 billion current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Cape Verde?
- The highest recorded value was 40.43 billion current LCU in 2019.
- What is the lowest tax revenue recorded in Cape Verde?
- The lowest recorded value was 18.17 billion current LCU in 2005.
- How does Cape Verde rank for tax revenue?
- Cape Verde ranks 107th out of 157 countries with data for 2020.
- Is tax revenue rising or falling in Cape Verde?
- Over the last ten years it is up 26.8%. 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 Tax revenue (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.