Cabo Verde—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #151 of 156Updated May 2026
Latest Value
$16.8M
2024
YoY Change
+17.2%
2023 → 2024
Global Rank
#151
of 156 countries
Maximum
$16.8M
2024
Minimum
$4.5M
2002
CAGR
+3.8%
25 years
Last
$16.8M
Previous
$14.4M
Highest
$16.8M
Lowest
$4.5M
Source
World Bank World Development Indicators
Cabo Verde's military expenditure (usd) was $16.8M in 2024, ranking #151 out of 156 countries. This represents a +17.2% change from 2023. Over the past 25 years, the highest recorded value was $16.8M (2024) and the lowest was $4.5M (2002). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $16.8M | +17.2% |
| 2023 | $14.4M | +40.0% |
| 2022 | $10.3M | -8.6% |
| 2021 | $11.2M | -0.6% |
| 2020 | $11.3M | +15.9% |
| 2019 | $9.7M | -9.2% |
| 2018 | $10.7M | +14.5% |
| 2017 | $9.4M | -8.0% |
| 2016 | $10.2M | +14.0% |
| 2015 | $8.9M | -11.2% |
| 2014 | $10.0M | +2.4% |
| 2013 | $9.8M | +0.8% |
| 2012 | $9.7M | -0.2% |
| 2011 | $9.8M | +18.4% |
| 2010 | $8.2M | -1.9% |
| 2009 | $8.4M | -21.9% |
| 2008 | $10.8M | +35.4% |
| 2007 | $7.9M | +13.7% |
| 2006 | $7.0M | -1.4% |
| 2005 | $7.1M | +9.8% |
| 2004 | $6.5M | +11.6% |
| 2003 | $5.8M | +27.9% |
| 2002 | $4.5M | -2.5% |
| 2001 | $4.6M | -31.8% |
| 2000 | $6.8M |
Top Countries — Military Expenditure (USD)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | United States | $997.31B | 2024 |
| 2 | China | $313.66B | 2024 |
| 3 | Russian Federation | $148.97B | 2024 |
| 4 | Germany | $88.46B | 2024 |
| 5 | India | $86.13B | 2024 |
| 6 | United Kingdom | $81.76B | 2024 |
| 7 | Saudi Arabia | $80.33B | 2024 |
| 8 | Ukraine | $64.70B | 2024 |
| 9 | France | $64.68B | 2024 |
| 10 | Japan | $55.27B | 2024 |