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: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual growth of the gross capital formation in Cuba is 3.3%, measured in 2024.
Compared with earlier readings it is up 51.1% 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 79th out of 167 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% | -1464.6% |
| 2003 | -9.6% | -10.6% |
| 2004 | 13.5% | -239.8% |
| 2005 | 33.0% | +144.7% |
| 2006 | 26.0% | -21.2% |
| 2007 | 2.4% | -90.8% |
| 2008 | 21.9% | +821.4% |
| 2009 | -19.0% | -186.8% |
| 2010 | -0.7% | -96.3% |
| 2011 | 8.5% | -1302.8% |
| 2012 | 7.2% | -16.2% |
| 2013 | 4.0% | -43.9% |
| 2014 | -4.9% | -221.1% |
| 2015 | 18.3% | -474.9% |
| 2016 | 7.5% | -58.9% |
| 2017 | 0.2% | -97.9% |
| 2018 | 4.8% | +2912.5% |
| 2019 | -1.0% | -121.2% |
| 2020 | -5.9% | +481.4% |
| 2021 | -0.4% | -92.6% |
| 2022 | -5.8% | +1211.4% |
| 2023 | 2.2% | -138.0% |
| 2024 | 3.3% | +51.1% |
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
- Manufacturing, value added (current US$), per unit of GDP 0.112 current US$ per US$ of GDP (2020)
- Manufacturing, value added (current US$), per capita 1,075 current US$ per person (2020)
- Manufacturing, value added (current LCU), per unit of GDP 0.112 current LCU per US$ of GDP (2020)
- Manufacturing, value added (current LCU), per capita 10,549 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0902 constant 2015 US$ per US$ of GDP (2020)
- Manufacturing, value added (constant 2015 US$), per capita 580.05 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 321.68 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual -2.68 % change on previous year (2020)
- Industry (including construction), value added (current US$), per 0.2302 current US$ per US$ of GDP (2020)
- Industry (including construction), value added (current US$), per 2,211 current US$ per person (2020)
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 World Bank – processed by Our World in Data.
- 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 79th out of 167 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 World Bank – processed by Our World in Data, published as part of Annual growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).