DEC alternative conversion factor in Cuba
Cuba: DEC alternative conversion factor was 1 LCU per US$ in 2020. ▲ Rising
Latest (2020)
1 LCU per US$
Change on year
unchanged
World rank
159th
of 215 countries
All-time high
1.08 LCU per US$
in 2006
All-time low
0.72 LCU per US$
in 1980
Years of data
51
1970–2020
DEC alternative conversion factor in Cuba, 1970–2020
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in LCU per US$.
Analysis
In 2020, dec alternative conversion factor in Cuba stood at 1 LCU per US$.
Compared with earlier readings it is down 7.4% over ten years.
Over the whole period, dec alternative conversion factor in Cuba peaked at 1.08 LCU per US$ in 2006 and was at its lowest, 0.72 LCU per US$, in 1980.
That places Cuba 159th out of 215 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 51 years of available data.
DEC alternative conversion factor in Cuba, year by year
| Year | LCU per US$ | Change |
|---|---|---|
| 1970 | 1 LCU per US$ | — |
| 1971 | 1 LCU per US$ | +0.0% |
| 1972 | 0.953 LCU per US$ | -4.7% |
| 1973 | 0.829 LCU per US$ | -13.0% |
| 1974 | 0.82 LCU per US$ | -1.1% |
| 1975 | 0.82 LCU per US$ | +0.0% |
| 1976 | 0.821 LCU per US$ | +0.1% |
| 1977 | 0.83 LCU per US$ | +1.1% |
| 1978 | 0.77 LCU per US$ | -7.2% |
| 1979 | 0.73 LCU per US$ | -5.2% |
| 1980 | 0.72 LCU per US$ | -1.4% |
| 1981 | 0.83 LCU per US$ | +15.3% |
| 1982 | 0.85 LCU per US$ | +2.4% |
| 1983 | 0.859 LCU per US$ | +1.1% |
| 1984 | 0.8785 LCU per US$ | +2.3% |
| 1985 | 0.9159 LCU per US$ | +4.3% |
| 1986 | 0.8334 LCU per US$ | -9.0% |
| 1987 | 0.7863 LCU per US$ | -5.7% |
| 1988 | 0.758 LCU per US$ | -3.6% |
| 1989 | 0.7803 LCU per US$ | +2.9% |
| 1990 | 0.752 LCU per US$ | -3.6% |
| 1991 | 0.7327 LCU per US$ | -2.6% |
| 1992 | 0.74 LCU per US$ | +1.0% |
| 1993 | 0.74 LCU per US$ | +0.0% |
| 1994 | 0.74 LCU per US$ | +0.0% |
| 1995 | 0.7833 LCU per US$ | +5.9% |
| 1996 | 1 LCU per US$ | +27.7% |
| 1997 | 1 LCU per US$ | +0.0% |
| 1998 | 1 LCU per US$ | +0.0% |
| 1999 | 1 LCU per US$ | +0.0% |
| 2000 | 1 LCU per US$ | +0.0% |
| 2001 | 1 LCU per US$ | +0.0% |
| 2002 | 1 LCU per US$ | +0.0% |
| 2003 | 1 LCU per US$ | +0.0% |
| 2004 | 1 LCU per US$ | +0.0% |
| 2005 | 1 LCU per US$ | +0.0% |
| 2006 | 1.08 LCU per US$ | +8.0% |
| 2007 | 1.08 LCU per US$ | +0.0% |
| 2008 | 1.08 LCU per US$ | +0.0% |
| 2009 | 1.08 LCU per US$ | +0.0% |
| 2010 | 1.08 LCU per US$ | +0.0% |
| 2011 | 1 LCU per US$ | -7.4% |
| 2012 | 1 LCU per US$ | +0.0% |
| 2013 | 1 LCU per US$ | +0.0% |
| 2014 | 1 LCU per US$ | +0.0% |
| 2015 | 1 LCU per US$ | +0.0% |
| 2016 | 1 LCU per US$ | +0.0% |
| 2017 | 1 LCU per US$ | +0.0% |
| 2018 | 1 LCU per US$ | +0.0% |
| 2019 | 1 LCU per US$ | +0.0% |
| 2020 | 1 LCU per US$ | +0.0% |
Cuba compared with similar countries
- Cuba's 1 LCU per US$ is below the median for upper middle income countries, which is 15.42 LCU per US$, 6% of the median. (59 countries reporting)
- Cuba's 1 LCU per US$ is below the median for Latin America & Caribbean, which is 2.7 LCU per US$, 37% of the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.8573 LCU per US$ | 0.73 LCU per US$ | 1 LCU per US$ | 10 |
| 1980s | 0.8211 LCU per US$ | 0.72 LCU per US$ | 0.9159 LCU per US$ | 10 |
| 1990s | 0.8488 LCU per US$ | 0.7327 LCU per US$ | 1 LCU per US$ | 10 |
| 2000s | 1.03 LCU per US$ | 1 LCU per US$ | 1.08 LCU per US$ | 10 |
| 2010s | 1.01 LCU per US$ | 1 LCU per US$ | 1.08 LCU per US$ | 10 |
| 2020s | 1 LCU per US$ | 1 LCU per US$ | 1 LCU per US$ | 1 |
Countries ranked near Cuba
- 156 Canada 1.4 LCU per US$ compare
- 157 Brunei 1.31 LCU per US$ compare
- 158 Singapore 1.31 LCU per US$ compare
- 159 American Samoa 1 LCU per US$ compare
- 159 Bahamas 1 LCU per US$ compare
- 159 Bermuda 1 LCU per US$ compare
- 159 Ecuador 1 LCU per US$ compare
- 159 El Salvador 1 LCU per US$ compare
- 159 Guam 1 LCU per US$ compare
- 159 Liberia 1 LCU per US$ compare
- 159 Marshall Islands 1 LCU per US$ compare
- 159 Micronesia (country) 1 LCU per US$ compare
- 159 Northern Mariana Islands 1 LCU per US$ compare
- 159 Palau 1 LCU per US$ compare
- 159 Panama 1 LCU per US$ compare
- 159 Puerto Rico 1 LCU per US$ compare
- 159 East Timor 1 LCU per US$ compare
- 159 Turks and Caicos Islands 1 LCU per US$ compare
- 159 United States 1 LCU per US$ compare
- 159 United States Virgin Islands 1 LCU per US$ compare
- 159 Palestine 1 LCU per US$ compare
More economy & growth data for Cuba
- General government final consumption expenditure (current US$) 25.1 % change on previous year (2020)
- General government final consumption expenditure (current US$), per 0.3885 current US$ per US$ of GDP (2020)
- General government final consumption expenditure (current US$), per 3,731 current US$ per person (2020)
- General government final consumption expenditure (current LCU) 21.52 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 0.3885 current LCU per US$ of GDP (2020)
- General government final consumption expenditure (current LCU), per 24,524 current LCU per person (2024)
- General government final consumption expenditure (constant 2015 US$) -7.43 % change on previous year (2024)
- General government final consumption expenditure (constant 2015 US$) 0.2523 constant 2015 US$ per US$ of GDP (2020)
- General government final consumption expenditure (constant 2015 US$) 2,335 constant 2015 US$ per person (2024)
- Households and NPISHs Final consumption expenditure (current US$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is dec alternative conversion factor in Cuba?
- Dec alternative conversion factor in Cuba was 1 LCU per US$ in 2020, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest dec alternative conversion factor recorded in Cuba?
- The highest recorded value was 1.08 LCU per US$ in 2006.
- What is the lowest dec alternative conversion factor recorded in Cuba?
- The lowest recorded value was 0.72 LCU per US$ in 1980.
- How does Cuba rank for dec alternative conversion factor?
- Cuba ranks 159th out of 215 countries with data for 2020.
- Is dec alternative conversion factor rising or falling in Cuba?
- Over the last ten years it is down 7.4%. The long-run trend across the full record is rising.
- Where does this Cuba data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of DEC alternative conversion factor (LCU per US$). Statizoid updates them automatically from the source API.
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About this data
The DEC alternative conversion factor is the underlying annual exchange rate (the price of one country’s currency in relation to another country's currency) used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics. Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.