Taxes on goods and services in Cape Verde
Cape Verde: Taxes on goods and services was 36.2% in 2020. ▲ Rising
Taxes on goods and services in Cape Verde, 2005–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Cape Verde recorded 36.2% for taxes on goods and services in 2020.
Compared with earlier readings it is down 0.4% on the previous year and up 7.9% over ten years.
Over the whole period, taxes on goods and services in Cape Verde peaked at 40.0% in 2011 and was at its lowest, 25.0%, in 2005.
Cape Verde ranks 52nd of 156 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Taxes on goods and services in Cape Verde, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2005 | 25.0% | — |
| 2006 | 34.9% | +39.6% |
| 2007 | 38.3% | +9.8% |
| 2008 | 38.7% | +1.1% |
| 2009 | 33.8% | -12.8% |
| 2010 | 33.5% | -0.8% |
| 2011 | 40.0% | +19.2% |
| 2012 | 36.6% | -8.4% |
| 2013 | 37.3% | +1.9% |
| 2014 | 38.9% | +4.2% |
| 2015 | 35.5% | -8.8% |
| 2016 | 35.4% | -0.1% |
| 2017 | 35.6% | +0.6% |
| 2018 | 39.2% | +9.9% |
| 2019 | 36.3% | -7.3% |
| 2020 | 36.2% | -0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 34.1% | 25.0% | 38.7% | 5 |
| 2010s | 36.8% | 33.5% | 40.0% | 10 |
| 2020s | 36.2% | 36.2% | 36.2% | 1 |
Countries ranked near Cape Verde
- 49 Hungary 37.1% compare
- 50 El Salvador 37.0% compare
- 51 Peru 36.3% compare
- 53 Paraguay 36.1% compare
- 54 Seychelles 36.0%
- 55 Côte d'Ivoire 35.6% compare
More public sector data for Cape Verde
- 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)
- Military expenditure (current USD), per capita 32.06 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0062 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 17.23 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 16.83 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 744.42 SIPRI trend indicator values per square kilometre (2019)
- Military expenditure (current USD), per square kilometre 3,562 current USD per square kilometre (2023)
Frequently asked questions
- What is taxes on goods and services in Cape Verde?
- Taxes on goods and services in Cape Verde was 36.2% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Cape Verde?
- The highest recorded value was 40.0% in 2011.
- What is the lowest taxes on goods and services recorded in Cape Verde?
- The lowest recorded value was 25.0% in 2005.
- How does Cape Verde rank for taxes on goods and services?
- Cape Verde ranks 52nd out of 156 countries with data for 2020.
- Is taxes on goods and services rising or falling in Cape Verde?
- Over the last ten years it is up 7.9%. 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 Taxes on goods and services (% of revenue). 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
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.