Discrepancy in expenditure estimate of GDP in Cuba
Cuba: Discrepancy in expenditure estimate of GDP was 1.00 million current LCU in 2024. ◆ Volatile
Discrepancy in expenditure estimate of GDP in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for discrepancy in expenditure estimate of gdp in Cuba is 1.00 million current LCU, measured in 2024.
Compared with earlier readings it is up 900.0% over ten years.
Over the whole period, discrepancy in expenditure estimate of gdp in Cuba peaked at 200.56 million current LCU in 1990 and was at its lowest, -235.98 million current LCU, in 1986.
That places Cuba 40th out of 185 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Discrepancy in expenditure estimate of GDP in Cuba, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | -36.09 million current LCU | — |
| 1971 | -43.84 million current LCU | +21.5% |
| 1972 | -49.26 million current LCU | +12.4% |
| 1973 | -52.68 million current LCU | +6.9% |
| 1974 | -59.65 million current LCU | +13.2% |
| 1975 | -66.93 million current LCU | +12.2% |
| 1976 | -71.75 million current LCU | +7.2% |
| 1977 | -75.78 million current LCU | +5.6% |
| 1978 | -88.03 million current LCU | +16.2% |
| 1979 | -92.26 million current LCU | +4.8% |
| 1980 | -81.77 million current LCU | -11.4% |
| 1981 | -112.06 million current LCU | +37.1% |
| 1982 | -122.40 million current LCU | +9.2% |
| 1983 | -120.21 million current LCU | -1.8% |
| 1984 | -141.22 million current LCU | +17.5% |
| 1985 | -41.01 million current LCU | -71.0% |
| 1986 | -235.98 million current LCU | +475.4% |
| 1987 | -153.30 million current LCU | -35.0% |
| 1988 | -71.82 million current LCU | -53.1% |
| 1989 | -181.59 million current LCU | +152.8% |
| 1990 | 200.56 million current LCU | -210.4% |
| 1991 | 77.09 million current LCU | -61.6% |
| 1992 | -177.64 million current LCU | -330.4% |
| 1993 | -197.05 million current LCU | +10.9% |
| 1994 | 174.68 million current LCU | -188.6% |
| 1995 | 140.14 million current LCU | -19.8% |
| 1996 | 368,700 current LCU | -99.7% |
| 1997 | -91,900 current LCU | -124.9% |
| 1998 | -16,200 current LCU | -82.4% |
| 1999 | 11,100 current LCU | -168.5% |
| 2000 | 75,200 current LCU | +577.5% |
| 2001 | 400,000 current LCU | +431.9% |
| 2002 | 24,100 current LCU | -94.0% |
| 2003 | 87,500 current LCU | +263.1% |
| 2004 | 400 current LCU | -99.5% |
| 2005 | 84,400 current LCU | +21000.0% |
| 2006 | -235,300 current LCU | -378.8% |
| 2007 | -500,000 current LCU | +112.5% |
| 2008 | 0 current LCU | -100.0% |
| 2009 | 0 current LCU | — |
| 2010 | 0 current LCU | — |
| 2011 | 0 current LCU | — |
| 2012 | 0 current LCU | — |
| 2013 | 0 current LCU | — |
| 2014 | 100,000 current LCU | — |
| 2015 | -425,900 current LCU | -525.9% |
| 2016 | -166,400 current LCU | -60.9% |
| 2017 | -1.17 million current LCU | +603.7% |
| 2018 | 536,100 current LCU | -145.8% |
| 2019 | 900,000 current LCU | +67.9% |
| 2020 | 0 current LCU | -100.0% |
| 2021 | -1.00 million current LCU | — |
| 2022 | 0 current LCU | -100.0% |
| 2023 | 0 current LCU | — |
| 2024 | 1.00 million current LCU | — |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -63.63 million current LCU | -92.26 million current LCU | -36.09 million current LCU | 10 |
| 1980s | -126.14 million current LCU | -235.98 million current LCU | -41.01 million current LCU | 10 |
| 1990s | 21.80 million current LCU | -197.05 million current LCU | 200.56 million current LCU | 10 |
| 2000s | -6,370 current LCU | -500,000 current LCU | 400,000 current LCU | 10 |
| 2010s | -22,720 current LCU | -1.17 million current LCU | 900,000 current LCU | 10 |
| 2020s | 0 current LCU | -1.00 million current LCU | 1.00 million current LCU | 5 |
Countries ranked near Cuba
- 37 Syria 33.81 million current LCU
- 38 Estonia 28.88 million current LCU compare
- 39 Kiribati 1.75 million current LCU compare
- 40 Finland 1.00 million current LCU compare
- 40 Haiti 1.00 million current LCU compare
- 40 Norway 1.00 million current LCU compare
- 40 Saudi Arabia 1.00 million current LCU compare
- 40 Seychelles 1.00 million current LCU compare
- 40 United States 1.00 million current LCU compare
More economy & growth data for Cuba
- Gross value added at basic prices (GVA) (current US$), annual growth 4.6 % change on previous year (2020)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9929 current US$ per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (current US$), per capita 9,537 current US$ per person (2020)
- Gross value added at basic prices (GVA) (current LCU), annual growth 29.99 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9929 current LCU per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (current LCU), per capita 97,292 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual -1.01 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7499 constant 2015 US$ per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 7,350 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth -1.01 % change on previous year (2024)
Frequently asked questions
- What is discrepancy in expenditure estimate of gdp in Cuba?
- Discrepancy in expenditure estimate of gdp in Cuba was 1.00 million current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest discrepancy in expenditure estimate of gdp recorded in Cuba?
- The highest recorded value was 200.56 million current LCU in 1990.
- What is the lowest discrepancy in expenditure estimate of gdp recorded in Cuba?
- The lowest recorded value was -235.98 million current LCU in 1986.
- How does Cuba rank for discrepancy in expenditure estimate of gdp?
- Cuba ranks 40th out of 185 countries with data for 2024.
- Is discrepancy in expenditure estimate of gdp rising or falling in Cuba?
- Over the last ten years it is up 900.0%. The long-run trend across the full record is volatile.
- Where does this Cuba data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Discrepancy in expenditure estimate of GDP (current LCU). Statizoid updates them automatically from the source API.
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About this data
Although the SNA ensures there is perfect consistency between the three measures of GDP, this is a conceptual consistency that in general does not emerge naturally from data compilations. This is because of the wide disparity of data sources that must be called on and the fact that any error in any source will lead to a difference between at least two of the GDP measures. In practice it is inevitable that many such data errors will exist and will become apparent in exercises such as the balancing of supply and use tables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.