Cape Verde recorded a Government Debt to GDP of 114.70 percent of the country's Gross Domestic Product in 2023. Government Debt to GDP in Cape Verde averaged 97.23 percent of GDP from 2000 until 2024, reaching an all time high of 157.00 percent of GDP in 2021 and a record low of 57.17 percent of GDP in 2008. source: Banco de Cabo Verde
Government Debt to GDP in Cape Verde is expected to reach 105.00 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 Debt to GDP is projected to trend around 103.00 percent of GDP in 2026 and 100.00 percent of GDP in 2027, according to our econometric models.