Gross capital formation (constant 2015 US$), annual growth rate (2015) in Cuba
Cuba: Gross capital formation (constant 2015 US$), annual growth rate (2015) was 3.31 % change on previous year in 2024. ◆ Volatile
Gross capital formation (constant 2015 US$), annual growth rate in Cuba, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Cuba recorded 3.31 % change on previous year for gross capital formation (constant 2015 us$), annual growth rate in 2024.
That represents a change of up 51.3% on the previous year and up 168.0% over ten years.
Over the whole period, gross capital formation (constant 2015 us$), annual growth rate in Cuba peaked at 37.08 % change on previous year in 1996 and was at its lowest, -41.27 % change on previous year, in 1992.
Cuba ranks 101st of 163 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (constant 2015 US$), annual growth rate (2015) in Cuba, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 8.62 % change on previous year | — |
| 1972 | 4.81 % change on previous year | -44.2% |
| 1973 | 3.37 % change on previous year | -30.0% |
| 1974 | 0.9111 % change on previous year | -72.9% |
| 1975 | 9.73 % change on previous year | +968.4% |
| 1976 | 5.51 % change on previous year | -43.4% |
| 1977 | 8.44 % change on previous year | +53.2% |
| 1978 | 6.26 % change on previous year | -25.9% |
| 1979 | 0.9748 % change on previous year | -84.4% |
| 1980 | -3.15 % change on previous year | -423.5% |
| 1981 | 18.85 % change on previous year | -697.7% |
| 1982 | 6.9 % change on previous year | -63.4% |
| 1983 | 4.69 % change on previous year | -32.0% |
| 1984 | 8.94 % change on previous year | +90.5% |
| 1985 | 13.1 % change on previous year | +46.5% |
| 1986 | -11.83 % change on previous year | -190.4% |
| 1987 | -10.1 % change on previous year | -14.7% |
| 1988 | 9.85 % change on previous year | -197.5% |
| 1989 | 10.12 % change on previous year | +2.8% |
| 1990 | -3.63 % change on previous year | -135.9% |
| 1991 | -20.55 % change on previous year | +465.7% |
| 1992 | -41.27 % change on previous year | +100.9% |
| 1993 | -28.86 % change on previous year | -30.1% |
| 1994 | -27.64 % change on previous year | -4.2% |
| 1995 | 4.8 % change on previous year | -117.4% |
| 1996 | 37.08 % change on previous year | +671.9% |
| 1997 | 7.61 % change on previous year | -79.5% |
| 1998 | -10.95 % change on previous year | -243.9% |
| 1999 | 0.4559 % change on previous year | -104.2% |
| 2000 | 11.35 % change on previous year | +2389.0% |
| 2001 | 0.7914 % change on previous year | -93.0% |
| 2002 | -10.78 % change on previous year | -1462.1% |
| 2003 | -9.64 % change on previous year | -10.6% |
| 2004 | 13.48 % change on previous year | -239.9% |
| 2005 | 32.99 % change on previous year | +144.8% |
| 2006 | 25.98 % change on previous year | -21.3% |
| 2007 | 2.38 % change on previous year | -90.8% |
| 2008 | 21.93 % change on previous year | +821.1% |
| 2009 | -19.03 % change on previous year | -186.8% |
| 2010 | -0.7118 % change on previous year | -96.3% |
| 2011 | 8.54 % change on previous year | -1299.2% |
| 2012 | 7.16 % change on previous year | -16.2% |
| 2013 | 4.02 % change on previous year | -43.8% |
| 2014 | -4.87 % change on previous year | -221.0% |
| 2015 | 18.26 % change on previous year | -475.1% |
| 2016 | 7.51 % change on previous year | -58.9% |
| 2017 | 0.1633 % change on previous year | -97.8% |
| 2018 | 4.82 % change on previous year | +2854.9% |
| 2019 | -1.02 % change on previous year | -121.2% |
| 2020 | -5.93 % change on previous year | +479.8% |
| 2021 | -0.4415 % change on previous year | -92.6% |
| 2022 | -5.77 % change on previous year | +1206.0% |
| 2023 | 2.19 % change on previous year | -137.9% |
| 2024 | 3.31 % change on previous year | +51.3% |
Cuba compared with similar countries
- Cuba's 3.31 % change on previous year is below the median for upper middle income countries, which is 8.23 % change on previous year, 40% of the median. (45 countries reporting)
- Cuba's 3.31 % change on previous year is below the median for Latin America & Caribbean, which is 4.43 % change on previous year, 75% of the median. (23 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation (constant 2015 US$), annual growth rate (2015) in Cuba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2018 | +2854.9% | 0.1633 % change on previous year | 4.82 % change on previous year |
| 2000 | +2389.0% | 0.4559 % change on previous year | 11.35 % change on previous year |
| 2002 | -1462.1% | 0.7914 % change on previous year | -10.78 % change on previous year |
| 2011 | +1299.2% | -0.7118 % change on previous year | 8.54 % change on previous year |
| 2022 | -1206.0% | -0.4415 % change on previous year | -5.77 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.4 % change on previous year | 0.9111 % change on previous year | 9.73 % change on previous year | 9 |
| 1980s | 4.74 % change on previous year | -11.83 % change on previous year | 18.85 % change on previous year | 10 |
| 1990s | -8.29 % change on previous year | -41.27 % change on previous year | 37.08 % change on previous year | 10 |
| 2000s | 6.95 % change on previous year | -19.03 % change on previous year | 32.99 % change on previous year | 10 |
| 2010s | 4.39 % change on previous year | -4.87 % change on previous year | 18.26 % change on previous year | 10 |
| 2020s | -1.33 % change on previous year | -5.93 % change on previous year | 3.31 % change on previous year | 5 |
Countries ranked near Cuba
- 98 Ethiopia 3.43 % change on previous year compare
- 99 Bermuda 3.32 % change on previous year compare
- 100 Costa Rica 3.31 % change on previous year compare
- 102 Germany 3.09 % change on previous year compare
- 103 Nepal 3.04 % change on previous year compare
- 104 Sweden 2.77 % change on previous year compare
More economy & growth data for Cuba
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, US dollar, per capita 0 units per person (2016)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, SDR, per capita 0 units per person (2016)
- IMF holdings of currency, US dollar, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, US dollar, per capita 0 units per person (2016)
- IMF holdings of currency, SDR, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, SDR, per capita 0 units per person (2016)
Frequently asked questions
- What is gross capital formation (constant 2015 us$), annual growth rate in Cuba?
- Gross capital formation (constant 2015 us$), annual growth rate in Cuba was 3.31 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross capital formation (constant 2015 us$), annual growth rate recorded in Cuba?
- The highest recorded value was 37.08 % change on previous year in 1996.
- What is the lowest gross capital formation (constant 2015 us$), annual growth rate recorded in Cuba?
- The lowest recorded value was -41.27 % change on previous year in 1992.
- How does Cuba rank for gross capital formation (constant 2015 us$), annual growth rate?
- Cuba ranks 101st out of 163 countries with data for 2024.
- Is gross capital formation (constant 2015 us$), annual growth rate 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 Statizoid (derived), published as part of Gross capital formation (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross capital formation (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross capital formation 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 Gross capital formation (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.