External balance on goods and services (current LCU), annual growth in Cuba
Cuba: External balance on goods and services (current LCU), annual growth was -78.36 % change on previous year in 2024. ◆ Volatile
Latest (2024)
-78.36 % change on previous year
Change on year
up 60.4%
World rank
175th
of 192 countries
All-time high
307.79 % change on previous year
in 2005
All-time low
-245.06 % change on previous year
in 2008
Years of data
52
1971–2024
External balance on goods and services (current LCU), annual growth in Cuba, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, external balance on goods and services (current lcu), annual growth in Cuba stood at -78.36 % change on previous year.
That represents a change of up 60.4% on the previous year and down 345.2% over ten years.
Over the whole period, external balance on goods and services (current lcu), annual growth in Cuba peaked at 307.79 % change on previous year in 2005 and was at its lowest, -245.06 % change on previous year, in 2008.
That places Cuba 175th out of 192 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current LCU), annual growth in Cuba, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | -21.47 % change on previous year | — |
| 1972 | -12.12 % change on previous year | -43.6% |
| 1973 | -6.77 % change on previous year | -44.2% |
| 1974 | -13 % change on previous year | +92.2% |
| 1975 | -14.17 % change on previous year | +8.9% |
| 1976 | -6.07 % change on previous year | -57.1% |
| 1977 | -4.08 % change on previous year | -32.9% |
| 1978 | -16.34 % change on previous year | +300.8% |
| 1979 | -4.45 % change on previous year | -72.8% |
| 1980 | 0.1697 % change on previous year | -103.8% |
| 1981 | -17.53 % change on previous year | -10427.8% |
| 1982 | -5.58 % change on previous year | -68.2% |
| 1983 | -6.42 % change on previous year | +15.1% |
| 1984 | -14.2 % change on previous year | +121.1% |
| 1985 | 5.11 % change on previous year | -136.0% |
| 1986 | -2.85 % change on previous year | -155.7% |
| 1987 | 10.21 % change on previous year | -458.7% |
| 1988 | -5.61 % change on previous year | -154.9% |
| 1989 | -24.33 % change on previous year | +333.8% |
| 1990 | 20.11 % change on previous year | -182.6% |
| 1991 | 44.53 % change on previous year | +121.4% |
| 1992 | 83.15 % change on previous year | +86.7% |
| 1993 | -95.34 % change on previous year | -214.7% |
| 1994 | 34.76 % change on previous year | -136.5% |
| 1995 | -118.8 % change on previous year | -441.8% |
| 1996 | 16.27 % change on previous year | -113.7% |
| 1997 | -47.44 % change on previous year | -391.5% |
| 1998 | -39.62 % change on previous year | -16.5% |
| 1999 | 23.01 % change on previous year | -158.1% |
| 2000 | -8.61 % change on previous year | -137.4% |
| 2001 | -6.46 % change on previous year | -24.9% |
| 2002 | 38.59 % change on previous year | -697.4% |
| 2003 | 56.41 % change on previous year | +46.2% |
| 2004 | 214.02 % change on previous year | +279.4% |
| 2005 | 307.79 % change on previous year | +43.8% |
| 2006 | -88.95 % change on previous year | -128.9% |
| 2008 | -245.06 % change on previous year | +175.5% |
| 2009 | 154.14 % change on previous year | -162.9% |
| 2010 | 150.52 % change on previous year | -2.3% |
| 2011 | -28.18 % change on previous year | -118.7% |
| 2012 | 68.35 % change on previous year | -342.5% |
| 2013 | -20.68 % change on previous year | -130.3% |
| 2014 | 31.96 % change on previous year | -254.5% |
| 2015 | -40.82 % change on previous year | -227.7% |
| 2016 | 5.45 % change on previous year | -113.4% |
| 2017 | 13.24 % change on previous year | +142.9% |
| 2018 | -29.63 % change on previous year | -323.8% |
| 2019 | -15.39 % change on previous year | -48.1% |
| 2020 | -57.73 % change on previous year | +275.3% |
| 2022 | -46.12 % change on previous year | -20.1% |
| 2023 | -197.72 % change on previous year | +328.7% |
| 2024 | -78.36 % change on previous year | -60.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -10.94 % change on previous year | -21.47 % change on previous year | -4.08 % change on previous year | 9 |
| 1980s | -6.1 % change on previous year | -24.33 % change on previous year | 10.21 % change on previous year | 10 |
| 1990s | -7.94 % change on previous year | -118.8 % change on previous year | 83.15 % change on previous year | 10 |
| 2000s | 46.87 % change on previous year | -245.06 % change on previous year | 307.79 % change on previous year | 9 |
| 2010s | 13.48 % change on previous year | -40.82 % change on previous year | 150.52 % change on previous year | 10 |
| 2020s | -94.98 % change on previous year | -197.72 % change on previous year | -46.12 % change on previous year | 4 |
Countries ranked near Cuba
- 172 Australia -70.96 % change on previous year compare
- 173 Sao Tome and Principe -72.3 % change on previous year compare
- 174 Iraq -74.96 % change on previous year compare
- 176 United Kingdom of Great Britain and Northern Ireland -82.76 % change on previous year compare
- 177 Turkmenistan -86.37 % change on previous year compare
- 178 Yemen -89.15 % change on previous year compare
More economy & growth data for Cuba
- Imports of goods and services (constant 2015 US$), annual growth rate -1.34 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.0908 constant 2015 US$ per US$ of GDP (2020)
- Imports of goods and services (constant 2015 US$), per capita 742.25 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth -57.73 % change on previous year (2020)
- Agriculture, forestry, and fishing, value added (current LCU), annual 15.36 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0276 current LCU per US$ of GDP (2020)
- Agriculture, forestry, and fishing, value added (current LCU), per 1,225 current LCU per person (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -20.53 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0229 constant 2015 US$ per US$ of GDP (2020)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 124.49 constant 2015 US$ per person (2024)
Frequently asked questions
- What is external balance on goods and services (current lcu), annual growth in Cuba?
- External balance on goods and services (current lcu), annual growth in Cuba was -78.36 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest external balance on goods and services (current lcu), annual growth recorded in Cuba?
- The highest recorded value was 307.79 % change on previous year in 2005.
- What is the lowest external balance on goods and services (current lcu), annual growth recorded in Cuba?
- The lowest recorded value was -245.06 % change on previous year in 2008.
- How does Cuba rank for external balance on goods and services (current lcu), annual growth?
- Cuba ranks 175th out of 192 countries with data for 2024.
- Is external balance on goods and services (current lcu), annual growth rising or falling in Cuba?
- Over the last ten years it is down 345.2%. The long-run trend across the full record is volatile.
- Where does this Cuba data come from?
- The figures come from Statizoid (derived), published as part of External balance on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- External balance on goods and services Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.