Source: IMF, World Economic Outlook (October 2026) · updated on
Public finances and external accounts
A fiscal surplus of 1.1 % of GDP
Cabo Verde: in 2025, the general government collected 1.1 % of GDP more than it spent, public debt stood at 115.4 % of GDP, the current account showed a surplus of 3.4 % (IMF).
- Fiscal balance · 2025
- +1.1 %
- of GDP · +10.4 pt since 2020
- Public debt · 2025
- 115.4 %
- of GDP · −52.8 pt since 2020
- Current account · 2025
- +3.4 %
- of GDP · +18.8 pt since 2020
Fiscal balance, % of GDP
Negative: a deficit · dashed: estimates and projections
Chart data as a table
| Year | Cabo Verde | West Africa |
|---|---|---|
| 2015 | −4.2 % | −2.9 % |
| 2016 | −2.7 % | −3.6 % |
| 2017 | −2.6 % | −3.7 % |
| 2018 | −2.4 % | −3.4 % |
| 2019 | −1.6 % | −3.6 % |
| 2020 | −9.3 % | −5.4 % |
| 2021 | −7.5 % | −5.1 % |
| 2022 | −4.3 % | −5.4 % |
| 2023 | −0.3 % | −4.0 % |
| 2024 | −1.1 % | −3.6 % |
| 2025 · estimate | +1.1 % | −2.5 % |
| 2026 · projection | −2.0 % | −3.2 % |
| 2027 · projection | −0.8 % | −3.0 % |
| 2028 · projection | −0.8 % | −2.8 % |
| 2029 · projection | −0.9 % | −2.8 % |
| 2030 · projection | −0.8 % | −2.8 % |
- Cabo Verde
- West Africa
Source: IMF, World Economic Outlook (October 2026) · general government net lending or borrowing · group values weighted by GDP in dollars (Syli Atlas)
Current account, % of GDP
Trade, income and transfers with the rest of the world
Chart data as a table
| Year | Cabo Verde |
|---|---|
| 2015 | −2.9 % |
| 2016 | −3.4 % |
| 2017 | −7.0 % |
| 2018 | −4.8 % |
| 2019 | +0.2 % |
| 2020 | −15.4 % |
| 2021 | −12.1 % |
| 2022 | −3.5 % |
| 2023 | −2.7 % |
| 2024 | +4.0 % |
| 2025 · estimate | +3.4 % |
| 2026 · projection | −1.9 % |
| 2027 · projection | −2.2 % |
| 2028 · projection | −3.0 % |
| 2029 · projection | −3.0 % |
| 2030 · projection | −3.2 % |
Source: IMF, World Economic Outlook (October 2026)
Currency
Cape Verdean escudo
The Cape Verdean escudo is pegged to the euro.
- Currency
- CVE
- Cape Verdean escudo
- Exchange regime
- Fixed
- 1 EUR = 110.265 CVE
- Inflation · 2025
- 2.3 %
- average annual change in consumer prices
- One US dollar
- 98.57 CVE
- rate of 2026-11-11
Currency codes: ISO 4217 · fixed parities: central banks (BCEAO, BEAC, Central Bank of the Comoros, Bank of Cape Verde…) · inflation: IMF, World Economic Outlook (October 2026) · dollar rate: Data by MansaAPI
Debt
A debt owed first to multilateral lenders
At the end of 2025, Cabo Verde owed 2.0 bn$ in public external debt (World Bank). 0.9 % of it was owed to China, 62.3 % to multilateral institutions and 0.0 % to bond holders.
- Public debt · 2025
- 115.4 %
- of GDP · IMF
- External debt · 2025
- 2.7 bn$
- public and private · World Bank
- Public external debt · 2025
- 2.0 bn$
- owed or guaranteed by the State
- Debt service · 2024
- 10.7 %
- of exports of goods, services and income
Risk of debt distress
IMF and World Bank debt sustainability analysis
Latest analysis published on 2026-02-26: moderate.
Source: IMF, list of debt sustainability analyses of low-income countries, as of 2026-03-31 · imf.org
Public external debt by creditor
Share of the total at the end of each year
- Multilateral (IMF, World Bank, AfDB…)
- 62.3 %
- China
- 0.9 %
- Other countries
- 14.6 %
- Bonds (Eurobonds)
- 0.0 %
- Banks and other private lenders
- 22.3 %
Source: World Bank, International Debt Statistics (updated 2026-11-05) · public and publicly guaranteed external debt, end of year · CC BY 4.0 · shares: Syli Atlas calculation