Cape Verde recorded a Government Budget deficit equal to 4.40 percent of the country's Gross Domestic Product in 2023. Government Budget in Cape Verde averaged -3.59 percent of GDP from 2000 until 2024, reaching an all time high of 6.30 percent of GDP in 2001 and a record low of -10.50 percent of GDP in 2010. source: Banco de Cabo Verde
Government Budget in Cape Verde is expected to reach -1.80 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Government Budget is projected to trend around -1.00 percent of GDP in 2026 and -0.70 percent of GDP in 2027, according to our econometric models.