Cabo Verde Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Cabo Verde's government debt to gdp was 106.02% in 2025, ranked 14th globally. This represents a 4.7% decrease from 2024. Data from IMF WEO, covering 1997–2025.
Overview
Cabo Verde's government debt to gdp stood at 106.02% in 2025, a decline of +5.21% from 2024. The IMF projects 106.02% by 2025. Cabo Verde ranked 14th globally.
Cabo Verde's government debt to GDP ratio has exhibited a notable trend over the past 29 years, with a significant increase in recent years. At its all-time peak in 2021, the ratio reached 149.52%, a substantial deviation from the all-time trough of 57.49% in 2008. The most recent data available, as of 2025, indicates a government debt to GDP ratio of 106.02%, ranking the country 14th globally. This is comparable to peer countries such as Belgium, which holds a slightly higher ratio of 107.50%, and Bhutan, which has a lower ratio of 105.61%. The substantial increase in government debt in recent years suggests a potential vulnerability for the Cabo Verdean economy. A sustained period of economic growth and fiscal discipline would be necessary to reverse this trend and stabilize the country's debt-to-GDP ratio.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 80.70% | - | - |
| 2029* IMF | 85.17% | - | - |
| 2028* IMF | 90.19% | - | - |
| 2027* IMF | 95.45% | - | - |
| 2026* IMF | 101.00% | - | - |
| 2025* IMF | 106.02% | - | - |
| 2025 | 106.02% | −5.21% | #14 |
| 2024 | 111.23% | −6.29% | #175 |
| 2023 | 117.52% | −10.08% | #176 |
| 2022 | 127.60% | −21.92% | #181 |
| 2021 | 149.52% | +5.24% | #184 |
| 2020 | 144.28% | +34.52% | #180 |
| 2019 | 109.76% | −2.52% | #181 |
| 2018 | 112.28% | −0.71% | #181 |
| 2017 | 112.99% | −2.64% | #180 |
| 2016 | 115.63% | −0.11% | #180 |
| 2015 | 115.75% | +10.05% | #181 |
| 2014 | 105.70% | +12.17% | #177 |
| 2013 | 93.52% | +10.59% | #170 |
| 2012 | 82.94% | +11.38% | #168 |
| 2011 | 71.56% | −1.95% | #160 |
Detected Pattern
Analysis
Cabo Verde matched the Stagflation Risk pattern in 1991. Historically, 38% of countries showing this pattern (117 out of 307) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Cabo Verde's government debt to gdp was 106.02% in 2025. Ranked 14th globally. This represents a 4.7% decrease from the previous year.
Cabo Verde's government debt to gdp peaked at 149.52% in 2021.
The lowest government debt to gdp in Cabo Verde was 57.49% in 2008.
Cabo Verde ranks 14th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Cabo Verde's government debt to gdp is projected to reach 106.02% by 2025 based on IMF projection.
The government debt to gdp of Cabo Verde in 2025 was 106.02%. This ranks 14th in the world.
Cite this page
@misc{historysaid_cabo-verde_government-debt-to-gdp,
title = {Cabo Verde Government Debt to GDP},
url = {https://historysaid.com/cabo-verde/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}