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Government Finance of Cabo Verde

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

13.6% 11.2% 73.4%
  • Personal income taxes: 13.6%
  • Corporate income taxes: 11.2%
  • Social security contributions: 0.2%
  • Property taxes: 1.6%
  • Goods and services taxes: 73.4%
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Personal income taxes
13.6%
Corporate income taxes
11.2%
Social security contributions
0.2%
Property taxes
1.6%
Goods and services taxes
73.4%

Source: OECD Global Revenue Statistics Database, 2023.

Government Debt

Government Gross Debt (% of GDP) 95.9% #23 / 184 2026
Government Gross Debt (Local currency - CVE) 309B - 2026
Government Net Debt (% of GDP) 85.4% #9 / 86 2026
Government Net Debt (Local currency - CVE) 275B - 2026

Fiscal Balance

Fiscal Balance (% of GDP) -0.9% #41 / 189 2026
Fiscal Balance (Local currency - CVE) -2.82B - 2026
Primary Fiscal Balance (% of GDP) 1.2% #35 / 182 2026
Primary Fiscal Balance (Local currency - CVE) 3.88B - 2026

Revenue and Spending

Government Revenue (% of GDP) 26.6% #97 / 189 2026
Government Revenue (Local currency - CVE) 85.7B - 2026
Government Spending (% of GDP) 27.5% #109 / 189 2026
Government Spending (Local currency - CVE) 88.5B - 2026

International Reserves

Total Reserves (USD) 783M #135 / 163 2024

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