DEC alternative conversion factor in Cuba
Cuba: DEC alternative conversion factor was 1 LCU per US$ in 2020. ▲ Rising
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$, in 1980.
That places Cuba 159th out of 214 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 51 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.8573 LCU per US$ | 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
- External balance on goods and services as a percent of GDP -39.9% (2024)
- GDP per capita 7,381 constant 2015 US$ (2024)
- Share of manufacturing in gross domestic product (GDP) 10.7% (2024)
- Gross domestic product (GDP) 81.05 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 7,381 constant 2015 US$ (2024)
- Net secondary income (Net current transfers from abroad) 1.89 billion current LCU (2019)
- Net secondary income (Net current transfers from abroad) 1.89 billion current US$ (2019)
- Taxes less subsidies on products 16.49 billion current LCU (2024)
- Taxes less subsidies on products 762.00 million current US$ (2020)
- Net primary income (Net income from abroad) -1.55 billion current LCU (2019)
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 214 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.