Taxes on income, profits and capital gains (% of revenue) in Cape Verde
Cape Verde: Taxes on income, profits and capital gains (% of revenue) was 22.7% in 2020. ▲ Rising
Taxes on income, profits and capital gains in Cape Verde, 2005–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2020, taxes on income, profits and capital gains in Cape Verde stood at 22.7%.
That represents a change of down 3.7% on the previous year and up 9.7% over ten years.
Over the whole period, taxes on income, profits and capital gains in Cape Verde peaked at 25.2% in 2012 and was at its lowest, 20.7%, in 2010.
Cape Verde ranks 80th of 153 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 income, profits and capital gains (% of revenue) in Cape Verde, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2005 | 20.9% | — |
| 2006 | 21.9% | +4.5% |
| 2007 | 22.7% | +3.6% |
| 2008 | 22.5% | -0.5% |
| 2009 | 22.5% | -0.4% |
| 2010 | 20.7% | -7.8% |
| 2011 | 24.3% | +17.4% |
| 2012 | 25.2% | +3.7% |
| 2013 | 23.7% | -5.7% |
| 2014 | 23.4% | -1.3% |
| 2015 | 23.6% | +0.9% |
| 2016 | 23.8% | +0.7% |
| 2017 | 23.5% | -1.0% |
| 2018 | 23.8% | +1.2% |
| 2019 | 23.6% | -0.9% |
| 2020 | 22.7% | -3.7% |
Cape Verde compared with similar countries
- Cape Verde's 22.7% is above the median for upper middle income countries, which is 22.7%, 1.0× the median. (48 countries reporting)
- Cape Verde's 22.7% is below the median for Sub-Saharan Africa, which is 26.0%, 87% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.1% | 20.9% | 22.7% | 5 |
| 2010s | 23.6% | 20.7% | 25.2% | 10 |
| 2020s | 22.7% | 22.7% | 22.7% | 1 |
Countries ranked near Cape Verde
- 77 Gabon 23.9% compare
- 78 Niger 23.8%
- 79 Solomon Islands 22.7% compare
- 81 Saint Lucia 22.7% compare
- 82 Burkina Faso 22.4% compare
- 83 Estonia 22.3% 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 taxes on income, profits and capital gains in Cape Verde?
- Taxes on income, profits and capital gains in Cape Verde was 22.7% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Cape Verde?
- The highest recorded value was 25.2% in 2012.
- What is the lowest taxes on income, profits and capital gains recorded in Cape Verde?
- The lowest recorded value was 20.7% in 2010.
- How does Cape Verde rank for taxes on income, profits and capital gains?
- Cape Verde ranks 80th out of 153 countries with data for 2020.
- Is taxes on income, profits and capital gains rising or falling in Cape Verde?
- Over the last ten years it is up 9.7%. 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 income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.