Taxes on goods and services in Cape Verde
Cape Verde: Taxes on goods and services was 11.2% in 2020. ▬ Flat
Taxes on goods and services in Cape Verde, 2005–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
The most recent figure for taxes on goods and services in Cape Verde is 11.2%, measured in 2020.
That represents a change of up 4.7% on the previous year and up 12.0% over ten years.
Over the whole period, taxes on goods and services in Cape Verde peaked at 11.9% in 2008 and was at its lowest, 8.5%, in 2005.
That places Cape Verde 63rd out of 154 countries with data for 2020, putting it in the middle of the range.
Taxes on goods and services in Cape Verde, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 2005 | 8.5% | — |
| 2006 | 11.9% | +39.3% |
| 2007 | 11.7% | -1.9% |
| 2008 | 11.9% | +2.1% |
| 2009 | 9.7% | -18.4% |
| 2010 | 10.0% | +2.6% |
| 2011 | 10.8% | +7.9% |
| 2012 | 9.2% | -14.8% |
| 2013 | 9.5% | +4.1% |
| 2014 | 9.1% | -4.3% |
| 2015 | 10.0% | +9.7% |
| 2016 | 9.5% | -5.0% |
| 2017 | 10.3% | +8.7% |
| 2018 | 11.5% | +11.0% |
| 2019 | 10.7% | -7.2% |
| 2020 | 11.2% | +4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.7% | 8.5% | 11.9% | 5 |
| 2010s | 10.1% | 9.1% | 11.5% | 10 |
| 2020s | 11.2% | 11.2% | 11.2% | 1 |
Countries ranked near Cape Verde
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 11.2% 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 11.9% in 2008.
- What is the lowest taxes on goods and services recorded in Cape Verde?
- The lowest recorded value was 8.5% in 2005.
- How does Cape Verde rank for taxes on goods and services?
- Cape Verde ranks 63rd out of 154 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 12.0%. The long-run trend across the full record is flat.
- 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 (% value added of industry and services). Statizoid updates them automatically from the source API.
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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 value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.