Military expenditure in Cape Verde
Cape Verde: Military expenditure was 1.72 billion current LCU in 2024. ▲ Rising
Military expenditure in Cape Verde, 1984–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
The most recent figure for military expenditure in Cape Verde is 1.72 billion current LCU, measured in 2024. That is the highest value across all 38 years on record.
The figure is up 17.4% on the previous year and up 105.4% over ten years.
Over the whole period, military expenditure in Cape Verde peaked at 1.72 billion current LCU in 2024 and was at its lowest, 220.00 million current LCU, in 1993.
Cape Verde ranks 135th of 167 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 38 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 341.40 million current LCU | 311.00 million current LCU | 366.00 million current LCU | 5 |
| 1990s | 364.38 million current LCU | 220.00 million current LCU | 518.00 million current LCU | 8 |
| 2000s | 641.22 million current LCU | 529.70 million current LCU | 814.00 million current LCU | 10 |
| 2010s | 872.52 million current LCU | 686.00 million current LCU | 1.01 billion current LCU | 10 |
| 2020s | 1.28 billion current LCU | 1.05 billion current LCU | 1.72 billion current LCU | 5 |
Countries ranked near Cape Verde
More public sector data for Cape Verde
- Arms imports 3.00 million SIPRI trend indicator values (2019)
- Tax revenue 18.4% (2020)
- Taxes on income, profits and capital gains 22.7% (2020)
- Taxes on goods and services 36.2% (2020)
- Net investment in nonfinancial assets 3.4% (2020)
- Net lending (+) / net borrowing (-) -9.4% (2020)
- Interest payments 10.9% (2020)
- Grants and other revenue 25.9% (2020)
- Interest payments 8.8% (2020)
- Compensation of employees 39.9% (2020)
Frequently asked questions
- What is military expenditure in Cape Verde?
- Military expenditure in Cape Verde was 1.72 billion current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Cape Verde?
- The highest recorded value was 1.72 billion current LCU in 2024.
- What is the lowest military expenditure recorded in Cape Verde?
- The lowest recorded value was 220.00 million current LCU in 1993.
- How does Cape Verde rank for military expenditure?
- Cape Verde ranks 135th out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Cape Verde?
- Over the last ten years it is up 105.4%. The long-run trend across the full record is rising.
- Where does this Cape Verde data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 38 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Military expenditure in local currency at current prices (by calendar year)