Taxes on income, profits and capital gains in Cape Verde
Cape Verde: Taxes on income, profits and capital gains was 30.7% in 2020. ▬ Flat
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 total taxes.
Analysis
In 2020, taxes on income, profits and capital gains in Cape Verde stood at 30.7%.
That represents a change of down 2.6% on the previous year and up 2.0% over ten years.
Over the whole period, taxes on income, profits and capital gains in Cape Verde peaked at 32.0% in 2012 and was at its lowest, 29.2%, in 2008.
That places Cape Verde 105th out of 153 countries with data for 2020, putting it in the middle of the range.
Taxes on income, profits and capital gains in Cape Verde, year by year
| Year | % of total taxes | Change |
|---|---|---|
| 2005 | 30.8% | — |
| 2006 | 30.0% | -2.6% |
| 2007 | 29.2% | -2.6% |
| 2008 | 29.2% | -0.0% |
| 2009 | 31.6% | +8.1% |
| 2010 | 30.1% | -4.7% |
| 2011 | 29.7% | -1.3% |
| 2012 | 32.0% | +7.6% |
| 2013 | 30.8% | -3.7% |
| 2014 | 29.4% | -4.6% |
| 2015 | 31.8% | +8.3% |
| 2016 | 31.3% | -1.7% |
| 2017 | 31.5% | +0.7% |
| 2018 | 30.2% | -4.0% |
| 2019 | 31.5% | +4.3% |
| 2020 | 30.7% | -2.6% |
Cape Verde compared with similar countries
- Cape Verde's 30.7% is below the median for upper middle income countries, which is 37.1%, 83% of the median. (48 countries reporting)
- Cape Verde's 30.7% is below the median for Sub-Saharan Africa, which is 33.6%, 91% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 30.2% | 29.2% | 31.6% | 5 |
| 2010s | 30.8% | 29.4% | 32.0% | 10 |
| 2020s | 30.7% | 30.7% | 30.7% | 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 income, profits and capital gains in Cape Verde?
- Taxes on income, profits and capital gains in Cape Verde was 30.7% 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 32.0% in 2012.
- What is the lowest taxes on income, profits and capital gains recorded in Cape Verde?
- The lowest recorded value was 29.2% in 2008.
- How does Cape Verde rank for taxes on income, profits and capital gains?
- Cape Verde ranks 105th 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 2.0%. 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 income, profits and capital gains (% of total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.