Cabo Verde Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Cabo Verde's budget deficit was -1.58% in 2025, ranked 55th globally. This represents a 48.6% decrease from 2024. Data from IMF WEO, covering 1994–2025.
Overview
Cabo Verde's budget deficit stood at -1.58% in 2025, a decline of +0.52% from 2024. The IMF projects -1.58% by 2025. Cabo Verde ranked 55th globally.
Cabo Verde's budget deficit has exhibited a mix of fluctuations over the past three decades. The country's deficit was most severe in 2000, reaching -15.53, a trough that stood in stark contrast to its all-time peak of -0.28 in 2023. The deficit has generally trended upward since 1994, when it was -12.78, with a brief respite in the years preceding 2023. As of 2025, Cabo Verde's budget deficit stands at -1.58, ranking 55th globally. Peer countries such as Korea (-1.52) and Honduras (-1.61) have slightly more favorable deficit positions. Looking ahead, a sustained increase in economic growth, potentially driven by investment in infrastructure and human capital, could help Cabo Verde reduce its budget deficit.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -0.09% | - | - |
| 2029* IMF | -0.05% | - | - |
| 2028* IMF | -0.10% | - | - |
| 2027* IMF | -0.37% | - | - |
| 2026* IMF | -0.89% | - | - |
| 2025* IMF | -1.58% | - | - |
| 2025 | -1.58% | −0.52% | #55 |
| 2024 | -1.07% | −0.79% | #135 |
| 2023 | -0.28% | +3.97% | #147 |
| 2022 | -4.25% | +3.26% | #65 |
| 2021 | -7.51% | +1.78% | #33 |
| 2020 | -9.29% | −7.68% | #42 |
| 2019 | -1.62% | +0.75% | #100 |
| 2018 | -2.36% | +0.27% | #78 |
| 2017 | -2.64% | +0.09% | #83 |
| 2016 | -2.73% | +1.43% | #85 |
| 2015 | -4.16% | +2.78% | #64 |
| 2014 | -6.93% | +1.56% | #17 |
| 2013 | -8.49% | +0.87% | #10 |
| 2012 | -9.36% | −2.39% | #7 |
| 2011 | -6.98% | +2.62% | #19 |
Detected Pattern
Analysis
Cabo Verde matched the Stagflation Risk pattern in 1991. Historically, 38% of countries showing this pattern (117 out of 307) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Cabo Verde's budget deficit was -1.58% in 2025. Ranked 55th globally. This represents a 48.6% decrease from the previous year.
Cabo Verde's budget deficit peaked at -0.28% in 2023.
The lowest budget deficit in Cabo Verde was -15.53% in 2000.
Cabo Verde ranks 55th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Cabo Verde's budget deficit is projected to reach -1.58% by 2025 based on IMF projection.
The budget deficit of Cabo Verde in 2025 was -1.58%. This ranks 55th in the world.
Cite this page
@misc{historysaid_cabo-verde_budget-deficit,
title = {Cabo Verde Budget Deficit},
url = {https://historysaid.com/cabo-verde/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}