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 175 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% |
Cuba compared with similar countries
- Cuba's 3.3% is below the median for upper middle income countries, which is 6.3%, 52% of the median. (45 countries reporting)
- Cuba's 3.3% is above the median for Latin America & Caribbean, which is 3.3%, 1.0× the median. (21 countries reporting)
Biggest year-on-year movements
Years where Annual growth of the gross capital formation (%) in Cuba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2018 | +2853.7% | 0.2% | 4.8% |
| 2002 | -1462.1% | 0.8% | -10.8% |
| 2011 | +1299.0% | -0.7% | 8.5% |
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
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, US dollar, per capita 0 units per person (2016)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, SDR, per capita 0 units per person (2016)
- IMF holdings of currency, US dollar, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, US dollar, per capita 0 units per person (2016)
- IMF holdings of currency, SDR, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, SDR, per capita 0 units per person (2016)
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 175 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.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).