Education Spending: Cabo Verde

Cabo Verde's education spending is currently 4.348 % of GDP as of 2023. # Cabo Verde Education Spending Cabo Verde allocated 4.

Current (2023)

4.348 % of GDP

-8.0% y/y

Peak (2002)

7.877 % of GDP

Low (2019)

4.165 % of GDP

Source

World Bank World Development Indicators

1998–2023 · 22 pts

Education Spending — Cabo Verde

1998 — 2023

Education Spending — Cabo Verde

Analysis# Cabo Verde Education Spending Cabo Verde allocated 4.348% of its GDP to education in 2023, remaining below its all-time peak of 7.877% in 2002. The country has experienced significant overall decline, with spending down 32.0% since 1998, though current levels remain above the record low of 4.165% reached in 2019. Education spending has fluctuated considerably over the 25-year period, reflecting shifting government priorities and economic conditions. The most striking recent development occurred in 2020, when spending surged to 7.094% of GDP—likely driven by pandemic-related education initiatives—before declining again to 4.348% by 2023. This sharp reversal suggests the 2020 increase was temporary rather than structural. The downward trajectory from 2020 onward indicates education spending has returned to pre-pandemic baseline levels, settling in the 4-5% range where it has remained for most of the past two decades.

Historical Data

22 Rows

Year	Value	Change %
2023	4.348 % of GDP	-7.98%
2022	4.725 % of GDP	-23.23%
2021	6.155 % of GDP	-13.24%
2020	7.094 % of GDP	+70.32%
2019	4.165 % of GDP	-13.01%
2018	4.788 % of GDP	+4.25%
2017	4.593 % of GDP	-3.41%
2016	4.755 % of GDP	-1.06%
2015	4.806 % of GDP	+6.30%
2014	4.521 % of GDP	-0.90%
2013	4.562 % of GDP	-15.49%
2012	5.398 % of GDP	+17.40%
2011	4.598 % of GDP	-9.43%
2010	5.077 % of GDP	+4.34%
2009	4.866 % of GDP	-3.36%
2008	5.035 % of GDP	+1.51%
2007	4.96 % of GDP	-24.04%
2006	6.53 % of GDP	-12.67%
2004	7.477 % of GDP	-5.08%
2002	7.877 % of GDP	+15.80%