Cabo Verde—Taxes on Goods & Services (% of revenue)
Cabo Verde's taxes on goods & services (% of revenue) was 36.2% in 2020, ranking #46 out of 139 countries. This represents a -0.4% change from 2019. Over the past 16 years, the highest recorded value was 40.0% (2011) and the lowest was 25.0% (2005). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2020 | 36.2% | -0.4% |
| 2019 | 36.3% | -7.3% |
| 2018 | 39.2% | +9.9% |
| 2017 | 35.6% | +0.6% |
| 2016 | 35.4% | -0.1% |
| 2015 | 35.5% | -8.8% |
| 2014 | 38.9% | +4.2% |
| 2013 | 37.3% | +1.9% |
| 2012 | 36.6% | -8.4% |
| 2011 | 40.0% | +19.2% |
| 2010 | 33.5% | -0.8% |
| 2009 | 33.8% | -12.8% |
| 2008 | 38.7% | +1.1% |
| 2007 | 38.3% | +9.8% |
| 2006 | 34.9% | +39.6% |
| 2005 | 25.0% |
Top Countries — Taxes on Goods & Services (% of revenue)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Macao SAR, China | 71.7% | 2023 |
| 2 | Bahamas, The | 57.1% | 2023 |
| 3 | Lao PDR | 53.9% | 2022 |
| 4 | Mauritius | 53.3% | 2024 |
| 5 | Guatemala | 51.5% | 2023 |
| 6 | Armenia | 48.2% | 2024 |
| 7 | Dominican Republic | 47.9% | 2024 |
| 8 | Croatia | 47.1% | 2023 |
| 9 | Nicaragua | 46.5% | 2023 |
| 10 | Burundi | 46.4% | 2021 |
About This Indicator
Definition
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).