Military expenditure in dollars — all countries

Military expenditure in dollars — Cabo Verde

Military expenditure in dollars in Cabo Verde in 2024 — 16,827,225 US$. Ranked 146 in the world out of 151. Since 1984, the indicator has risen by 356.3%.

2024 16.83M US$ +17.23% vs 2023
World rank 146of 151
Period maximum 16.83M US$2024
Period minimum 2.74M US$1993

Trend over time

1984–2024 · US$

Military expenditure in dollars — Cabo Verde, 1984–202405M10M15M20M198419881992199620002004200820122016202020241984: 3,687,650 US$1985: 3,394,022 US$1986: 4,454,432 US$1987: 4,967,861 US$1988: 5,078,572 US$1992: 3,557,903 US$1993: 2,735,413 US$1994: 3,431,399 US$1995: 6,206,630 US$1996: 4,261,940 US$1997: 4,099,737 US$1998: 4,513,155 US$1999: 5,004,734 US$2000: 6,801,073 US$2001: 4,638,556 US$2002: 4,520,859 US$2003: 5,782,832 US$2004: 6,452,150 US$2005: 7,082,417 US$2006: 6,985,155 US$2007: 7,943,660 US$2008: 10,758,716 US$2009: 8,402,927 US$2010: 8,239,369 US$2011: 9,757,537 US$2012: 9,736,386 US$2013: 9,815,672 US$2014: 10,048,862 US$2015: 8,922,219 US$2016: 10,171,217 US$2017: 9,354,384 US$2018: 10,714,071 US$2019: 9,728,061 US$2020: 11,279,268 US$2021: 11,213,723 US$2022: 10,250,668 US$2023: 14,353,938 US$2024: 16,827,225 US$
Change over the period: +13.14M (+356.31%) Average annual rate: 3.87 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Cabo Verde

Cabo Verde 16.83M US$
World 2.65T US$
Sub-Saharan Africa 21.67B US$
Western Africa computed 6.24B US$
Lower-middle-income countries computed 210B US$
Military expenditure in dollars — Cabo Verde, by year Cabo Verde All countries CSV XLSX
Year US$ Change Change, %
2024 16.83M +2.47M +17.23%
2023 14.35M +4.1M +40.03%
2022 10.25M −963,055 −8.59%
2021 11.21M −65,545 −0.58%
2020 11.28M +1.55M +15.95%
2019 9.73M −986,010 −9.2%
2018 10.71M +1.36M +14.54%
2017 9.35M −816,832 −8.03%
2016 10.17M +1.25M +14%
2015 8.92M −1.13M −11.21%
2014 10.05M +233,190 +2.38%
2013 9.82M +79,286 +0.81%
2012 9.74M −21,151 −0.22%
2011 9.76M +1.52M +18.43%
2010 8.24M −163,558 −1.95%
2009 8.4M −2.36M −21.9%
2008 10.76M +2.82M +35.44%
2007 7.94M +958,505 +13.72%
2006 6.99M −97,262 −1.37%
2005 7.08M +630,266 +9.77%
2004 6.45M +669,319 +11.57%
2003 5.78M +1.26M +27.91%
2002 4.52M −117,697 −2.54%
2001 4.64M −2.16M −31.8%
2000 6.8M +1.8M +35.89%
1999 5M +491,579 +10.89%
1998 4.51M +413,417 +10.08%
1997 4.1M −162,202 −3.81%
1996 4.26M −1.94M −31.33%
1995 6.21M +2.78M +80.88%
1994 3.43M +695,985 +25.44%
1993 2.74M −822,489 −23.12%
1992 3.56M
1988 5.08M +110,711 +2.23%
1987 4.97M +513,429 +11.53%
1986 4.45M +1.06M +31.24%
1985 3.39M −293,628 −7.96%
1984 3.69M

About the indicator

Military expenditure in current US dollars under the SIPRI definition. It allows absolute defense budgets to be compared, but not military capability: the purchasing power of the dollar in defense differs widely between countries, so equal budgets buy different amounts of personnel and equipment.

Source: Military Expenditure Database (SIPRI), license SIPRI terms of use.