Gross capital formation (constant LCU), per unit of GDP in Cuba
Cuba: Gross capital formation (constant LCU), per unit of GDP was 0.0781 constant LCU per US$ of GDP in 2020. ◆ Volatile
Gross capital formation (constant LCU), per unit of GDP in Cuba, 1970–2020
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
Cuba recorded 0.0781 constant LCU per US$ of GDP for gross capital formation (constant lcu), per unit of gdp in 2020. That is the lowest value across all 51 years on record.
The figure is down 9.4% on the previous year and down 20.6% over ten years.
Over the whole period, gross capital formation (constant lcu), per unit of gdp in Cuba peaked at 0.7648 constant LCU per US$ of GDP in 1970 and was at its lowest, 0.0781 constant LCU per US$ of GDP, in 2020.
That places Cuba 164th out of 170 countries with data for 2020, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (constant LCU), per unit of GDP in Cuba, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.7648 constant LCU per US$ of GDP | — |
| 1971 | 0.684 constant LCU per US$ of GDP | -10.6% |
| 1972 | 0.6093 constant LCU per US$ of GDP | -10.9% |
| 1973 | 0.513 constant LCU per US$ of GDP | -15.8% |
| 1974 | 0.4533 constant LCU per US$ of GDP | -11.6% |
| 1975 | 0.4355 constant LCU per US$ of GDP | -3.9% |
| 1976 | 0.4341 constant LCU per US$ of GDP | -0.3% |
| 1977 | 0.457 constant LCU per US$ of GDP | +5.3% |
| 1978 | 0.3866 constant LCU per US$ of GDP | -15.4% |
| 1979 | 0.3557 constant LCU per US$ of GDP | -8.0% |
| 1980 | 0.3388 constant LCU per US$ of GDP | -4.8% |
| 1981 | 0.3979 constant LCU per US$ of GDP | +17.4% |
| 1982 | 0.409 constant LCU per US$ of GDP | +2.8% |
| 1983 | 0.4041 constant LCU per US$ of GDP | -1.2% |
| 1984 | 0.4066 constant LCU per US$ of GDP | +0.6% |
| 1985 | 0.4823 constant LCU per US$ of GDP | +18.6% |
| 1986 | 0.4023 constant LCU per US$ of GDP | -16.6% |
| 1987 | 0.3475 constant LCU per US$ of GDP | -13.6% |
| 1988 | 0.3505 constant LCU per US$ of GDP | +0.9% |
| 1989 | 0.3922 constant LCU per US$ of GDP | +11.9% |
| 1990 | 0.3566 constant LCU per US$ of GDP | -9.1% |
| 1991 | 0.3337 constant LCU per US$ of GDP | -6.4% |
| 1992 | 0.2158 constant LCU per US$ of GDP | -35.3% |
| 1993 | 0.1516 constant LCU per US$ of GDP | -29.8% |
| 1994 | 0.0863 constant LCU per US$ of GDP | -43.1% |
| 1995 | 0.0845 constant LCU per US$ of GDP | -2.0% |
| 1996 | 0.1409 constant LCU per US$ of GDP | +66.7% |
| 1997 | 0.1495 constant LCU per US$ of GDP | +6.1% |
| 1998 | 0.1312 constant LCU per US$ of GDP | -12.2% |
| 1999 | 0.1196 constant LCU per US$ of GDP | -8.9% |
| 2000 | 0.1236 constant LCU per US$ of GDP | +3.3% |
| 2001 | 0.1202 constant LCU per US$ of GDP | -2.8% |
| 2002 | 0.1011 constant LCU per US$ of GDP | -15.8% |
| 2003 | 0.0855 constant LCU per US$ of GDP | -15.5% |
| 2004 | 0.0912 constant LCU per US$ of GDP | +6.6% |
| 2005 | 0.1087 constant LCU per US$ of GDP | +19.1% |
| 2006 | 0.1195 constant LCU per US$ of GDP | +10.0% |
| 2007 | 0.1101 constant LCU per US$ of GDP | -7.9% |
| 2008 | 0.1294 constant LCU per US$ of GDP | +17.5% |
| 2009 | 0.1026 constant LCU per US$ of GDP | -20.7% |
| 2010 | 0.0983 constant LCU per US$ of GDP | -4.2% |
| 2011 | 0.0922 constant LCU per US$ of GDP | -6.3% |
| 2012 | 0.0931 constant LCU per US$ of GDP | +1.1% |
| 2013 | 0.0919 constant LCU per US$ of GDP | -1.4% |
| 2014 | 0.0836 constant LCU per US$ of GDP | -9.0% |
| 2015 | 0.0915 constant LCU per US$ of GDP | +9.5% |
| 2016 | 0.0938 constant LCU per US$ of GDP | +2.5% |
| 2017 | 0.0886 constant LCU per US$ of GDP | -5.5% |
| 2018 | 0.09 constant LCU per US$ of GDP | +1.5% |
| 2019 | 0.0861 constant LCU per US$ of GDP | -4.3% |
| 2020 | 0.0781 constant LCU per US$ of GDP | -9.4% |
Biggest year-on-year movements
Years where Gross capital formation (constant LCU), per unit of GDP 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 |
|---|---|---|---|
| 1996 | +66.7% | 0.0845 constant LCU per US$ of GDP | 0.1409 constant LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.5093 constant LCU per US$ of GDP | 0.3557 constant LCU per US$ of GDP | 0.7648 constant LCU per US$ of GDP | 10 |
| 1980s | 0.3931 constant LCU per US$ of GDP | 0.3388 constant LCU per US$ of GDP | 0.4823 constant LCU per US$ of GDP | 10 |
| 1990s | 0.177 constant LCU per US$ of GDP | 0.0845 constant LCU per US$ of GDP | 0.3566 constant LCU per US$ of GDP | 10 |
| 2000s | 0.1092 constant LCU per US$ of GDP | 0.0855 constant LCU per US$ of GDP | 0.1294 constant LCU per US$ of GDP | 10 |
| 2010s | 0.0909 constant LCU per US$ of GDP | 0.0836 constant LCU per US$ of GDP | 0.0983 constant LCU per US$ of GDP | 10 |
| 2020s | 0.0781 constant LCU per US$ of GDP | 0.0781 constant LCU per US$ of GDP | 0.0781 constant LCU per US$ of GDP | 1 |
Countries ranked near Cuba
- 161 Bermuda 0.0925 constant LCU per US$ of GDP compare
- 162 Azerbaijan 0.0856 constant LCU per US$ of GDP compare
- 163 Oman 0.0836 constant LCU per US$ of GDP compare
- 165 Puerto Rico 0.0674 constant LCU per US$ of GDP compare
- 166 Kuwait 0.0392 constant LCU per US$ of GDP compare
- 167 Tajikistan 0.0345 constant LCU per US$ of GDP 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$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is gross capital formation (constant lcu), per unit of gdp in Cuba?
- Gross capital formation (constant lcu), per unit of gdp in Cuba was 0.0781 constant LCU per US$ of GDP in 2020, according to Statizoid (derived).
- What is the highest gross capital formation (constant lcu), per unit of gdp recorded in Cuba?
- The highest recorded value was 0.7648 constant LCU per US$ of GDP in 1970.
- What is the lowest gross capital formation (constant lcu), per unit of gdp recorded in Cuba?
- The lowest recorded value was 0.0781 constant LCU per US$ of GDP in 2020.
- How does Cuba rank for gross capital formation (constant lcu), per unit of gdp?
- Cuba ranks 164th out of 170 countries with data for 2020.
- Is gross capital formation (constant lcu), per unit of gdp rising or falling in Cuba?
- Over the last ten years it is down 20.6%. 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 LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross capital formation (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross capital formation (constant LCU) ÷ GDP (current US$)
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- GDP 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
Gross capital formation (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.