Annual growth of the gross capital formation in Cuba
Cuba: Annual growth of the gross capital formation was 3.3% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Cuba, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual growth of the gross capital formation in Cuba stood at 3.3%.
The figure is up 51.3% on the previous year and up 168.0% over ten years.
Over the whole period, annual growth of the gross capital formation in Cuba peaked at 33.0% in 2005 and was at its lowest, -19.0%, in 2009.
That places Cuba 83rd out of 174 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation in Cuba, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 11.3% | — |
| 2001 | 0.8% | -93.0% |
| 2002 | -10.8% | -1462.1% |
| 2003 | -9.6% | -10.6% |
| 2004 | 13.5% | -239.9% |
| 2005 | 33.0% | +144.8% |
| 2006 | 26.0% | -21.3% |
| 2007 | 2.4% | -90.8% |
| 2008 | 21.9% | +821.1% |
| 2009 | -19.0% | -186.8% |
| 2010 | -0.7% | -96.3% |
| 2011 | 8.5% | -1299.0% |
| 2012 | 7.2% | -16.2% |
| 2013 | 4.0% | -43.8% |
| 2014 | -4.9% | -221.0% |
| 2015 | 18.3% | -475.1% |
| 2016 | 7.5% | -58.9% |
| 2017 | 0.2% | -97.8% |
| 2018 | 4.8% | +2853.7% |
| 2019 | -1.0% | -121.2% |
| 2020 | -5.9% | +479.8% |
| 2021 | -0.4% | -92.6% |
| 2022 | -5.8% | +1205.8% |
| 2023 | 2.2% | -137.9% |
| 2024 | 3.3% | +51.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.9% | -19.0% | 33.0% | 10 |
| 2010s | 4.4% | -4.9% | 18.3% | 10 |
| 2020s | -1.3% | -5.9% | 3.3% | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Final consumption expenditure (constant 2015 US$), per capita 6,826 constant 2015 US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 4.8 % change on previous year (2020)
- Gross national expenditure (current US$), per unit of GDP 0.9935 current US$ per US$ of GDP (2020)
- Gross national expenditure (current US$), per capita 9,542 current US$ per person (2020)
- Gross national expenditure (current LCU), annual growth rate 41.58 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 0.9935 current LCU per US$ of GDP (2020)
- Gross national expenditure (current LCU), per capita 138,236 current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate -1.52 % change on previous year (2024)
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.7765 constant 2015 US$ per US$ of GDP (2020)
- Gross national expenditure (constant 2015 US$), per capita 7,601 constant 2015 US$ per person (2024)
Frequently asked questions
- What is annual growth of the gross capital formation in Cuba?
- Annual growth of the gross capital formation in Cuba was 3.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the gross capital formation recorded in Cuba?
- The highest recorded value was 33.0% in 2005.
- What is the lowest annual growth of the gross capital formation recorded in Cuba?
- The lowest recorded value was -19.0% in 2009.
- How does Cuba rank for annual growth of the gross capital formation?
- Cuba ranks 83rd out of 174 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Cuba?
- Over the last ten years it is up 168.0%. The long-run trend across the full record is volatile.
- Where does this Cuba data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of the gross capital formation (%). Statizoid updates them automatically from the source API.
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