Budget balance — all countries

Budget balance — Cabo Verde

Budget balance in Cabo Verde in 2031 — 0.2%. Ranked 26 in the world out of 188. Since 1994, the indicator has risen by 13 pp.

2031 0.2% +0 pp vs 2030
World rank 26of 188
Period maximum 1.1%2025
Period minimum -15.5%2000

Trend over time

1994–2031 · % of GDP

Budget balance — Cabo Verde, 1994–2031-20-15-10-50519941998200220062010201420182022202620301994: -12.8%1995: -11.1%1996: -11.2%1997: -10.2%1998: -3.2%1999: -10.9%2000: -15.5%2001: -5%2002: -6.1%2003: -3.6%2004: -3%2005: -4.7%2006: -4.3%2007: -0.9%2008: -1.4%2009: -5.3%2010: -9.6%2011: -7%2012: -9.4%2013: -8.5%2014: -6.9%2015: -4.2%2016: -2.7%2017: -2.6%2018: -2.4%2019: -1.6%2020: -9.3%2021: -7.5%2022: -4.3%2023: -0.3%2024: -1.1%2025: 1.1%2026: -0.9%2027: 0%2028: 0.1%2029: 0.1%2030: 0.2%2031: 0.2%
Change over the period: +13 pp Annual average: 0.35 pp

Comparison, 2031

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

Cabo Verde 0.2%
World computed -4.85%
Sub-Saharan Africa computed -3.08%
Western Africa computed -2.26%
Budget balance — Cabo Verde, by year Cabo Verde All countries CSV XLSX
Year % Change, pp
2031 0.2 +0 pp
2030 0.2 +0.1 pp
2029 0.1 +0 pp
2028 0.1 +0.1 pp
2027 0 +0.9 pp
2026 -0.9 −2 pp
2025 1.1 +2.2 pp
2024 -1.1 −0.8 pp
2023 -0.3 +4 pp
2022 -4.3 +3.2 pp
2021 -7.5 +1.8 pp
2020 -9.3 −7.7 pp
2019 -1.6 +0.8 pp
2018 -2.4 +0.2 pp
2017 -2.6 +0.1 pp
2016 -2.7 +1.5 pp
2015 -4.2 +2.7 pp
2014 -6.9 +1.6 pp
2013 -8.5 +0.9 pp
2012 -9.4 −2.4 pp
2011 -7 +2.6 pp
2010 -9.6 −4.3 pp
2009 -5.3 −3.9 pp
2008 -1.4 −0.5 pp
2007 -0.9 +3.4 pp
2006 -4.3 +0.4 pp
2005 -4.7 −1.7 pp
2004 -3 +0.6 pp
2003 -3.6 +2.5 pp
2002 -6.1 −1.1 pp
2001 -5 +10.5 pp
2000 -15.5 −4.6 pp
1999 -10.9 −7.7 pp
1998 -3.2 +7 pp
1997 -10.2 +1 pp
1996 -11.2 −0.1 pp
1995 -11.1 +1.7 pp
1994 -12.8

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.