Gross capital formation in Cuba
Cuba: Gross capital formation was 3.3% in 2024. ◆ Volatile
Gross capital formation in Cuba, 1971–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
Cuba recorded 3.3% for gross capital formation in 2024.
Compared with earlier readings it is up 51.3% on the previous year and up 168.0% over ten years.
Over the whole period, gross capital formation in Cuba peaked at 37.1% in 1996 and was at its lowest, -41.3%, in 1992.
Cuba ranks 102nd of 168 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Cuba, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 8.6% | — |
| 1972 | 4.8% | -44.2% |
| 1973 | 3.4% | -30.0% |
| 1974 | 0.9% | -72.9% |
| 1975 | 9.7% | +968.3% |
| 1976 | 5.5% | -43.4% |
| 1977 | 8.4% | +53.2% |
| 1978 | 6.3% | -25.9% |
| 1979 | 1.0% | -84.4% |
| 1980 | -3.2% | -423.5% |
| 1981 | 18.8% | -697.7% |
| 1982 | 6.9% | -63.4% |
| 1983 | 4.7% | -32.0% |
| 1984 | 8.9% | +90.5% |
| 1985 | 13.1% | +46.5% |
| 1986 | -11.8% | -190.4% |
| 1987 | -10.1% | -14.7% |
| 1988 | 9.8% | -197.5% |
| 1989 | 10.1% | +2.8% |
| 1990 | -3.6% | -135.9% |
| 1991 | -20.5% | +465.7% |
| 1992 | -41.3% | +100.9% |
| 1993 | -28.9% | -30.1% |
| 1994 | -27.6% | -4.2% |
| 1995 | 4.8% | -117.4% |
| 1996 | 37.1% | +672.0% |
| 1997 | 7.6% | -79.5% |
| 1998 | -11.0% | -243.9% |
| 1999 | 0.5% | -104.2% |
| 2000 | 11.3% | +2388.6% |
| 2001 | 0.8% | -93.0% |
| 2002 | -10.8% | -1462.1% |
| 2003 | -9.6% | -10.6% |
| 2004 | 13.5% | -239.9% |
| 2005 | 33.0% | +144.8% |
| 2006 | 26.0% | -21.3% |
| 2007 | 2.4% | -90.8% |
| 2008 | 21.9% | +821.1% |
| 2009 | -19.0% | -186.8% |
| 2010 | -0.7% | -96.3% |
| 2011 | 8.5% | -1299.0% |
| 2012 | 7.2% | -16.2% |
| 2013 | 4.0% | -43.8% |
| 2014 | -4.9% | -221.0% |
| 2015 | 18.3% | -475.1% |
| 2016 | 7.5% | -58.9% |
| 2017 | 0.2% | -97.8% |
| 2018 | 4.8% | +2853.7% |
| 2019 | -1.0% | -121.2% |
| 2020 | -5.9% | +479.8% |
| 2021 | -0.4% | -92.6% |
| 2022 | -5.8% | +1205.8% |
| 2023 | 2.2% | -137.9% |
| 2024 | 3.3% | +51.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.4% | 0.9% | 9.7% | 9 |
| 1980s | 4.7% | -11.8% | 18.8% | 10 |
| 1990s | -8.3% | -41.3% | 37.1% | 10 |
| 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
- GDP (current US$), annual growth rate 3.79 % change on previous year (2020)
- GDP (current US$), per capita 9,605 current US$ per person (2020)
- GDP (current LCU), annual growth rate 30.82 % change on previous year (2024)
- GDP (current LCU), per unit of GDP 1 current LCU per US$ of GDP (2020)
- GDP (current LCU), per capita 98,794 current LCU per person (2024)
- GDP (constant 2015 US$), annual growth rate -1.06 % change on previous year (2024)
- GDP (constant 2015 US$), per unit of GDP 0.755 constant 2015 US$ per US$ of GDP (2020)
- GDP (constant 2015 US$), per capita 7,381 constant 2015 US$ per person (2024)
- GDP (constant LCU), annual growth rate -1.06 % change on previous year (2024)
- GDP (constant LCU), per unit of GDP 0.4723 constant LCU per US$ of GDP (2020)
Frequently asked questions
- What is gross capital formation in Cuba?
- Gross capital formation in Cuba was 3.3% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Cuba?
- The highest recorded value was 37.1% in 1996.
- What is the lowest gross capital formation recorded in Cuba?
- The lowest recorded value was -41.3% in 1992.
- How does Cuba rank for gross capital formation?
- Cuba ranks 102nd out of 168 countries with data for 2024.
- Is 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 Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.