Cuba vs Venezuela: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Cuba
- Venezuela
How they compare
Cuba currently reports 50.41 billion constant LCU against 46.92 billion constant LCU in Venezuela, a difference of 3.49 billion constant LCU.
That makes Cuba's figure about 1.1 times Venezuela's.
The two have swapped places 7 times across 45 shared years of data; in 1970 it was Venezuela ahead.
Cuba ranks 143rd and Venezuela ranks 145th of 197 countries.
Across the 5 decades both report, Cuba averaged higher in 2 and Venezuela in 3.
Head to head by decade
| Decade | Cuba | Venezuela | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 18.51 billion constant LCU | 24.19 billion constant LCU | 5.68 billion constant LCU | Venezuela |
| 1980s | 30.50 billion constant LCU | 27.20 billion constant LCU | 3.30 billion constant LCU | Cuba |
| 1990s | 25.74 billion constant LCU | 32.68 billion constant LCU | 6.94 billion constant LCU | Venezuela |
| 2000s | 36.04 billion constant LCU | 36.95 billion constant LCU | 913.84 million constant LCU | Venezuela |
| 2010s | 49.49 billion constant LCU | 46.41 billion constant LCU | 3.08 billion constant LCU | Cuba |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross value added at basic prices (gva), Cuba or Venezuela?
- Cuba, at 50.41 billion constant LCU against 46.92 billion constant LCU in Venezuela as of 2024.
- What is the difference in gross value added at basic prices (gva) between Cuba and Venezuela?
- 3.49 billion constant LCU, with Cuba ahead.
- How many years of comparable data are there for Cuba and Venezuela?
- 45 years are reported by both, from 1970 to 2014.
- How do Cuba and Venezuela rank globally for gross value added at basic prices (gva)?
- Cuba ranks 143rd and Venezuela ranks 145th of 197 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross value added at basic prices (GVA) (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.