Gross capital formation in Cuba
Cuba: Gross capital formation was 8.52 billion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
8.52 billion constant 2015 US$
Change on year
up 3.3%
World rank
88th
of 163 countries
All-time high
11.34 billion constant 2015 US$
in 1985
All-time low
2.52 billion constant 2015 US$
in 1994
Years of data
55
1970–2024
Gross capital formation in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Cuba recorded 8.52 billion constant 2015 US$ for gross capital formation in 2024.
Compared with earlier readings it is up 3.3% on the previous year and up 23.1% over ten years.
Over the whole period, gross capital formation in Cuba peaked at 11.34 billion constant 2015 US$ in 1985 and was at its lowest, 2.52 billion constant 2015 US$, in 1994.
Cuba ranks 88th of 163 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross capital formation in Cuba, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 4.47 billion constant 2015 US$ | — |
| 1971 | 4.85 billion constant 2015 US$ | +8.6% |
| 1972 | 5.09 billion constant 2015 US$ | +4.8% |
| 1973 | 5.26 billion constant 2015 US$ | +3.4% |
| 1974 | 5.31 billion constant 2015 US$ | +0.9% |
| 1975 | 5.82 billion constant 2015 US$ | +9.7% |
| 1976 | 6.14 billion constant 2015 US$ | +5.5% |
| 1977 | 6.66 billion constant 2015 US$ | +8.4% |
| 1978 | 7.08 billion constant 2015 US$ | +6.3% |
| 1979 | 7.15 billion constant 2015 US$ | +1.0% |
| 1980 | 6.92 billion constant 2015 US$ | -3.2% |
| 1981 | 8.23 billion constant 2015 US$ | +18.8% |
| 1982 | 8.79 billion constant 2015 US$ | +6.9% |
| 1983 | 9.21 billion constant 2015 US$ | +4.7% |
| 1984 | 10.03 billion constant 2015 US$ | +8.9% |
| 1985 | 11.34 billion constant 2015 US$ | +13.1% |
| 1986 | 10.00 billion constant 2015 US$ | -11.8% |
| 1987 | 8.99 billion constant 2015 US$ | -10.1% |
| 1988 | 9.88 billion constant 2015 US$ | +9.8% |
| 1989 | 10.88 billion constant 2015 US$ | +10.1% |
| 1990 | 10.48 billion constant 2015 US$ | -3.6% |
| 1991 | 8.33 billion constant 2015 US$ | -20.5% |
| 1992 | 4.89 billion constant 2015 US$ | -41.3% |
| 1993 | 3.48 billion constant 2015 US$ | -28.9% |
| 1994 | 2.52 billion constant 2015 US$ | -27.6% |
| 1995 | 2.64 billion constant 2015 US$ | +4.8% |
| 1996 | 3.62 billion constant 2015 US$ | +37.1% |
| 1997 | 3.89 billion constant 2015 US$ | +7.6% |
| 1998 | 3.47 billion constant 2015 US$ | -11.0% |
| 1999 | 3.48 billion constant 2015 US$ | +0.5% |
| 2000 | 3.88 billion constant 2015 US$ | +11.3% |
| 2001 | 3.91 billion constant 2015 US$ | +0.8% |
| 2002 | 3.49 billion constant 2015 US$ | -10.8% |
| 2003 | 3.15 billion constant 2015 US$ | -9.6% |
| 2004 | 3.57 billion constant 2015 US$ | +13.5% |
| 2005 | 4.75 billion constant 2015 US$ | +33.0% |
| 2006 | 5.99 billion constant 2015 US$ | +26.0% |
| 2007 | 6.13 billion constant 2015 US$ | +2.4% |
| 2008 | 7.48 billion constant 2015 US$ | +21.9% |
| 2009 | 6.05 billion constant 2015 US$ | -19.0% |
| 2010 | 6.01 billion constant 2015 US$ | -0.7% |
| 2011 | 6.52 billion constant 2015 US$ | +8.5% |
| 2012 | 6.99 billion constant 2015 US$ | +7.2% |
| 2013 | 7.27 billion constant 2015 US$ | +4.0% |
| 2014 | 6.92 billion constant 2015 US$ | -4.9% |
| 2015 | 8.18 billion constant 2015 US$ | +18.3% |
| 2016 | 8.80 billion constant 2015 US$ | +7.5% |
| 2017 | 8.81 billion constant 2015 US$ | +0.2% |
| 2018 | 9.23 billion constant 2015 US$ | +4.8% |
| 2019 | 9.14 billion constant 2015 US$ | -1.0% |
| 2020 | 8.60 billion constant 2015 US$ | -5.9% |
| 2021 | 8.56 billion constant 2015 US$ | -0.4% |
| 2022 | 8.07 billion constant 2015 US$ | -5.8% |
| 2023 | 8.24 billion constant 2015 US$ | +2.2% |
| 2024 | 8.52 billion constant 2015 US$ | +3.3% |
Cuba compared with similar countries
- Cuba's 8.52 billion constant 2015 US$ is below the median for upper middle income countries, which is 14.20 billion constant 2015 US$, 60% of the median. (45 countries reporting)
- Cuba's 8.52 billion constant 2015 US$ is below the median for Latin America & Caribbean, which is 13.50 billion constant 2015 US$, 63% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.78 billion constant 2015 US$ | 4.47 billion constant 2015 US$ | 7.15 billion constant 2015 US$ | 10 |
| 1980s | 9.43 billion constant 2015 US$ | 6.92 billion constant 2015 US$ | 11.34 billion constant 2015 US$ | 10 |
| 1990s | 4.68 billion constant 2015 US$ | 2.52 billion constant 2015 US$ | 10.48 billion constant 2015 US$ | 10 |
| 2000s | 4.84 billion constant 2015 US$ | 3.15 billion constant 2015 US$ | 7.48 billion constant 2015 US$ | 10 |
| 2010s | 7.79 billion constant 2015 US$ | 6.01 billion constant 2015 US$ | 9.23 billion constant 2015 US$ | 10 |
| 2020s | 8.40 billion constant 2015 US$ | 8.07 billion constant 2015 US$ | 8.60 billion constant 2015 US$ | 5 |
Countries ranked near Cuba
- 85 Gabon 9.83 billion constant 2015 US$ compare
- 86 Cameroon 9.05 billion constant 2015 US$ compare
- 87 Tunisia 8.87 billion constant 2015 US$ compare
- 89 El Salvador 8.35 billion constant 2015 US$ compare
- 90 Libya 7.95 billion constant 2015 US$ compare
- 91 Estonia 7.46 billion constant 2015 US$ compare
More economy & growth data for Cuba
- General government final consumption expenditure (current US$) 25.1 % change on previous year (2020)
- General government final consumption expenditure (current US$), per 0.3885 current US$ per US$ of GDP (2020)
- General government final consumption expenditure (current US$), per 3,731 current US$ per person (2020)
- General government final consumption expenditure (current LCU) 21.52 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 0.3885 current LCU per US$ of GDP (2020)
- General government final consumption expenditure (current LCU), per 24,524 current LCU per person (2024)
- General government final consumption expenditure (constant 2015 US$) -7.43 % change on previous year (2024)
- General government final consumption expenditure (constant 2015 US$) 0.2523 constant 2015 US$ per US$ of GDP (2020)
- General government final consumption expenditure (constant 2015 US$) 2,335 constant 2015 US$ per person (2024)
- Households and NPISHs Final consumption expenditure (current US$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is gross capital formation in Cuba?
- Gross capital formation in Cuba was 8.52 billion constant 2015 US$ 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 11.34 billion constant 2015 US$ in 1985.
- What is the lowest gross capital formation recorded in Cuba?
- The lowest recorded value was 2.52 billion constant 2015 US$ in 1994.
- How does Cuba rank for gross capital formation?
- Cuba ranks 88th out of 163 countries with data for 2024.
- Is gross capital formation rising or falling in Cuba?
- Over the last ten years it is up 23.1%. The long-run trend across the full record is rising.
- 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 (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.