Cabo Verde: Interest payments (% of revenue)

Key figures

What the numbers say

In 2020, Cabo Verde's interest payments (% of revenue) rose 1.72 percentage points on 2019 (from 9.15% to 10.87%).

Across the 14 yearly changes before that (2006 to 2019), the average change was +0.14 percentage points and a typical year strayed about 0.83 percentage points from that (the standard deviation). This year's change was 1.9 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 1.99 percentage points in 2012 and the biggest yearly fall was 0.89 percentage points in 2006. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2011 to 2020 the straight-line trend is upward, about 0.27 percentage points a year. A straight line explains 40% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2020, Cabo Verde had the 3rd highest value of the 11 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Cabo Verde in the 2020 ranking

• Bahrain — 1st of 11: 31.94%
• Jamaica — 2nd of 11: 22.43%
• Honduras — 4th of 11: 10.63%
• Mali — 5th of 11: 7.56%
• St. Kitts and Nevis — 6th of 11: 2.66%

What this measures

Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

Regional and income-group figures are computed by the World Bank as a median.

All 16 values

Interest payments (% of revenue) in nearby economies

• Angola — 25.19% (2024)
• Botswana — 3.43% (2023)
• Burkina Faso — 9.67% (2024)
• Burundi — 2.36% (2021)
• Cameroon — 6.82% (2021)
• Central African Republic — 4.21% (2021)
• Congo, Dem. Rep. — 0.51% (2022)
• Congo, Rep. — 9.05% (2021)
• Côte d'Ivoire — 18.05% (2023)
• Equatorial Guinea — 4.15% (2022)
• Eswatini

More public sector data for Cabo Verde

• Military expenditure (current USD) — 20.08 million (2025)
• Military expenditure (current LCU) — 1.96 billion (2025)
• Military expenditure (% of GDP) — 0.66% (2025)
• Armed forces personnel, total — 1,000 (2020)
• Military expenditure (% of general government expenditure) — 2.34% (2025)
• Armed forces personnel (% of total labor force) — 0.51% (2020)
• CPIA business regulatory environment rating (1=low to 6=high) — 4 (2025)
• CPIA debt policy rating (1=low to 6=high) — 3 (2025)
• CPIA economic management cluster average (1=low to 6=high) — 3.5 (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Cabo Verde's interest payments (% of revenue)?

10.87% in 2020, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 3.67 percentage points from 7.2% in 2005. The highest value was 10.87% in 2020 and the lowest 4.96% in 2008.

How does Cabo Verde rank?

3rd highest of 11 economies with data for 2020.

Is the latest change in interest payments (% of revenue) unusual for Cabo Verde?

In 2020, Cabo Verde's interest payments (% of revenue) rose 1.72 percentage points on 2019 (from 9.15% to 10.87%). Across the 14 yearly changes before that (2006 to 2019), the average change was +0.14 percentage points and a typical year strayed about 0.83 percentage points from that (the standard deviation). This year's change was 1.9 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator GC.XPN.INTP.RV.ZS, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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