Military expenditure in Cape Verde
Cape Verde: Military expenditure was 16.83 million current USD in 2024. ▲ Rising
Military expenditure in Cape Verde, 1984–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
In 2024, military expenditure in Cape Verde stood at 16.83 million current USD. That is the highest value across all 38 years on record.
The figure is up 17.2% on the previous year and up 67.5% over ten years.
Over the whole period, military expenditure in Cape Verde peaked at 16.83 million current USD in 2024 and was at its lowest, 2.74 million current USD, in 1993.
That places Cape Verde 162nd out of 167 countries with data for 2024, putting it 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 | 4.32 million current USD | 3.39 million current USD | 5.08 million current USD | 5 |
| 1990s | 4.23 million current USD | 2.74 million current USD | 6.21 million current USD | 8 |
| 2000s | 6.94 million current USD | 4.52 million current USD | 10.76 million current USD | 10 |
| 2010s | 9.65 million current USD | 8.24 million current USD | 10.71 million current USD | 10 |
| 2020s | 12.78 million current USD | 10.25 million current USD | 16.83 million current USD | 5 |
Countries ranked near Cape Verde
- 159 Mauritius 23.01 million current USD compare
- 160 Laos 22.68 million current USD compare
- 161 Haiti 19.75 million current USD compare
- 163 Gambia 14.43 million current USD compare
- 164 Costa Rica 0 current USD compare
- 164 Iceland 0 current USD compare
- 164 Panama 0 current USD compare
- 164 Venezuela 0 current USD compare
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 16.83 million current USD 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 16.83 million current USD in 2024.
- What is the lowest military expenditure recorded in Cape Verde?
- The lowest recorded value was 2.74 million current USD in 1993.
- How does Cape Verde rank for military expenditure?
- Cape Verde ranks 162nd 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 67.5%. 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 USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)