Cabo Verde: Social contributions (current LCU)

Key figures

What the numbers say

In 2020, Cabo Verde's social contributions (current LCU) rose 1.9% on 2019 (from 76.59 million to 78.06 million).

Across the 14 yearly changes before that (2006 to 2019), the average change was −5.3% and a typical year strayed about 29.5% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 29.1% in 2014 and the biggest yearly fall was 82.6% in 2007. 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 4.96 million a year. A straight line explains 90% 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.

Closest to Cabo Verde in the 2020 ranking

• Honduras — 1st of 3: 24.09 billion
• Bhutan — 2nd of 3: 287.62 million

What this measures

Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

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).

All 16 values

Social contributions (current LCU) in nearby economies

• Angola — 165.82 billion (2017)
• Cameroon — 55.36 billion (2021)
• Gabon — 25.92 billion (2021)
• Kenya — 108.81 billion (2023)
• Madagascar — 562.95 billion (2024)
• Mauritius — 12.18 billion (2024)
• Mozambique — 1.85 billion (2024)
• Rwanda — 388.33 billion (2024)
• South Africa — 38.77 billion (2024)

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

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Questions people ask

What is Cabo Verde's social contributions (current LCU)?

78.06 million in 2020, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is down 85.35% from 532.73 million in 2005 (12.02% a year on average, compounded). The highest value was 532.73 million in 2005 and the lowest 36.54 million in 2011.

Is the latest change in social contributions (current LCU) unusual for Cabo Verde?

In 2020, Cabo Verde's social contributions (current LCU) rose 1.9% on 2019 (from 76.59 million to 78.06 million). Across the 14 yearly changes before that (2006 to 2019), the average change was −5.3% and a typical year strayed about 29.5% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator GC.REV.SOCL.CN, 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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