Tax revenue (% of GDP) in Cape Verde
Cape Verde: Tax revenue (% of GDP) was 18.4% in 2020. ▼ Falling
Tax revenue in Cape Verde, 2005–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Cape Verde recorded 18.4% for tax revenue in 2020.
Compared with earlier readings it is up 0.9% on the previous year and up 9.3% over ten years.
Over the whole period, tax revenue in Cape Verde peaked at 22.7% in 2006 and was at its lowest, 15.5%, in 2014.
That places Cape Verde 63rd out of 157 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 16 years of available data.
Tax revenue (% of GDP) in Cape Verde, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 21.1% | — |
| 2006 | 22.7% | +7.9% |
| 2007 | 19.2% | -15.7% |
| 2008 | 19.4% | +1.3% |
| 2009 | 16.9% | -13.1% |
| 2010 | 16.8% | -0.4% |
| 2011 | 18.0% | +6.9% |
| 2012 | 16.3% | -9.5% |
| 2013 | 16.3% | -0.1% |
| 2014 | 15.5% | -4.5% |
| 2015 | 17.1% | +10.3% |
| 2016 | 16.7% | -2.4% |
| 2017 | 17.8% | +6.4% |
| 2018 | 18.9% | +6.3% |
| 2019 | 18.2% | -3.7% |
| 2020 | 18.4% | +0.9% |
Cape Verde compared with similar countries
- Cape Verde's 18.4% is above the median for upper middle income countries, which is 17.0%, 1.1× the median. (48 countries reporting)
- Cape Verde's 18.4% is above the median for Sub-Saharan Africa, which is 12.6%, 1.5× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.9% | 16.9% | 22.7% | 5 |
| 2010s | 17.2% | 15.5% | 18.9% | 10 |
| 2020s | 18.4% | 18.4% | 18.4% | 1 |
Countries ranked near Cape Verde
- 60 North Macedonia 18.8% compare
- 61 Burkina Faso 18.7% compare
- 62 Czechia 18.6% compare
- 64 Chile 18.3% compare
- 65 Saint Lucia 18.2% compare
- 66 Palau 18.1% compare
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)
- 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)
Frequently asked questions
- What is tax revenue in Cape Verde?
- Tax revenue in Cape Verde was 18.4% 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 22.7% in 2006.
- What is the lowest tax revenue recorded in Cape Verde?
- The lowest recorded value was 15.5% in 2014.
- How does Cape Verde rank for tax revenue?
- Cape Verde ranks 63rd 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 9.3%. The long-run trend across the full record is falling.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.