Cabo Verde Tax Revenue
Tax revenue as % of GDP GC.TAX.TOTL.GD.ZS
Cabo Verde's tax revenue was 18.39% in 2020, ranked 86th globally. This represents a 0.9% increase from 2019. Data from World Bank, covering 2005–2020.
Overview
Cabo Verde's tax revenue stood at 18.39% in 2020, a rise of +0.16% from 2019. Cabo Verde ranked 86th globally.
Cabo Verde's tax revenue has experienced fluctuations over the past 16 years, with the all-time peak of 22.74% of GDP achieved in 2006, a year marked by significant economic growth in the country. Conversely, the lowest point of 15.53% was reached in 2014, amidst a period of economic downturn. Since then, the tax revenue has shown a moderate increase, reaching 18.39% of GDP in 2020. This value ranks Cabo Verde at #86 globally, closely matching peer countries like El Salvador, which also reached 18.39% in 2020. In comparison, Fiji ranked at 18.02% in 2020. While the recent increase in tax revenue is a positive sign, it is essential to consider the ongoing challenges that Cabo Verde faces, such as its high dependence on foreign aid and remittances. A sustained improvement in tax collection and economic diversification would be crucial to breaking the country's reliance on external support and potentially altering its trajectory in the long term.
Data & projection
| Year | Tax Revenue | YoY change | Rank |
|---|---|---|---|
| 2020 | 18.39% | +0.16% | #86 |
| 2019 | 18.22% | −0.71% | #83 |
| 2018 | 18.93% | +1.13% | #89 |
| 2017 | 17.80% | +1.08% | #88 |
| 2016 | 16.73% | −0.41% | #77 |
| 2015 | 17.14% | +1.60% | #83 |
| 2014 | 15.53% | −0.74% | #65 |
| 2013 | 16.27% | −0.01% | #68 |
| 2012 | 16.28% | −1.71% | #70 |
| 2011 | 17.99% | +1.16% | #81 |
| 2010 | 16.82% | −0.06% | #73 |
| 2009 | 16.88% | −2.54% | #69 |
| 2008 | 19.42% | +0.24% | #72 |
| 2007 | 19.18% | −3.57% | #60 |
| 2006 | 22.74% | +1.66% | #81 |
Detected Pattern
Analysis
Cabo Verde matched the Stagflation Risk pattern in 1991. Historically, 38% of countries showing this pattern (117 out of 307) saw tax revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Cabo Verde's tax revenue was 18.39% in 2020. Ranked 86th globally. This represents a 0.9% increase from the previous year.
Cabo Verde's tax revenue peaked at 22.74% in 2006.
The lowest tax revenue in Cabo Verde was 15.53% in 2014.
Cabo Verde ranks 86th globally in tax revenue as of 2020.
The World Bank indicator code is GC.TAX.TOTL.GD.ZS. Data sourced from World Bank.
The tax revenue of Cabo Verde in 2020 was 18.39%. This ranks 86th in the world.
Cite this page
@misc{historysaid_cabo-verde_tax-revenue,
title = {Cabo Verde Tax Revenue},
url = {https://historysaid.com/cabo-verde/tax-revenue/},
publisher = {HistorySaid},
year = {2026}
}