Gross capital formation (constant LCU) in Cuba
Cuba: Gross capital formation (constant LCU) was 8.30 billion constant LCU in 2024. ▲ Rising
Latest (2024)
8.30 billion constant LCU
Change on year
up 3.3%
World rank
136th
of 170 countries
All-time high
11.05 billion constant LCU
in 1985
All-time low
2.45 billion constant LCU
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 LCU.
Analysis
Cuba recorded 8.30 billion constant LCU for gross capital formation in 2024.
That represents a change of 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 11.05 billion constant LCU in 1985 and was at its lowest, 2.45 billion constant LCU, in 1994.
Cuba ranks 136th of 170 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross capital formation (constant LCU) in Cuba, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 4.35 billion constant LCU | — |
| 1971 | 4.73 billion constant LCU | +8.6% |
| 1972 | 4.96 billion constant LCU | +4.8% |
| 1973 | 5.12 billion constant LCU | +3.4% |
| 1974 | 5.17 billion constant LCU | +0.9% |
| 1975 | 5.67 billion constant LCU | +9.7% |
| 1976 | 5.99 billion constant LCU | +5.5% |
| 1977 | 6.49 billion constant LCU | +8.4% |
| 1978 | 6.90 billion constant LCU | +6.3% |
| 1979 | 6.97 billion constant LCU | +1.0% |
| 1980 | 6.75 billion constant LCU | -3.2% |
| 1981 | 8.02 billion constant LCU | +18.8% |
| 1982 | 8.57 billion constant LCU | +6.9% |
| 1983 | 8.97 billion constant LCU | +4.7% |
| 1984 | 9.77 billion constant LCU | +8.9% |
| 1985 | 11.05 billion constant LCU | +13.1% |
| 1986 | 9.75 billion constant LCU | -11.8% |
| 1987 | 8.76 billion constant LCU | -10.1% |
| 1988 | 9.62 billion constant LCU | +9.8% |
| 1989 | 10.60 billion constant LCU | +10.1% |
| 1990 | 10.21 billion constant LCU | -3.6% |
| 1991 | 8.12 billion constant LCU | -20.5% |
| 1992 | 4.77 billion constant LCU | -41.3% |
| 1993 | 3.39 billion constant LCU | -28.9% |
| 1994 | 2.45 billion constant LCU | -27.6% |
| 1995 | 2.57 billion constant LCU | +4.8% |
| 1996 | 3.52 billion constant LCU | +37.1% |
| 1997 | 3.79 billion constant LCU | +7.6% |
| 1998 | 3.38 billion constant LCU | -11.0% |
| 1999 | 3.39 billion constant LCU | +0.5% |
| 2000 | 3.78 billion constant LCU | +11.3% |
| 2001 | 3.81 billion constant LCU | +0.8% |
| 2002 | 3.40 billion constant LCU | -10.8% |
| 2003 | 3.07 billion constant LCU | -9.6% |
| 2004 | 3.48 billion constant LCU | +13.5% |
| 2005 | 4.63 billion constant LCU | +33.0% |
| 2006 | 5.84 billion constant LCU | +26.0% |
| 2007 | 5.98 billion constant LCU | +2.4% |
| 2008 | 7.29 billion constant LCU | +21.9% |
| 2009 | 5.90 billion constant LCU | -19.0% |
| 2010 | 5.86 billion constant LCU | -0.7% |
| 2011 | 6.36 billion constant LCU | +8.5% |
| 2012 | 6.81 billion constant LCU | +7.2% |
| 2013 | 7.09 billion constant LCU | +4.0% |
| 2014 | 6.74 billion constant LCU | -4.9% |
| 2015 | 7.97 billion constant LCU | +18.3% |
| 2016 | 8.57 billion constant LCU | +7.5% |
| 2017 | 8.59 billion constant LCU | +0.2% |
| 2018 | 9.00 billion constant LCU | +4.8% |
| 2019 | 8.91 billion constant LCU | -1.0% |
| 2020 | 8.38 billion constant LCU | -5.9% |
| 2021 | 8.34 billion constant LCU | -0.4% |
| 2022 | 7.86 billion constant LCU | -5.8% |
| 2023 | 8.03 billion constant LCU | +2.2% |
| 2024 | 8.30 billion constant LCU | +3.3% |
Cuba compared with similar countries
- Cuba's 8.30 billion constant LCU is below the median for upper middle income countries, which is 162.77 billion constant LCU, 5% of the median. (47 countries reporting)
- Cuba's 8.30 billion constant LCU is below the median for Latin America & Caribbean, which is 74.88 billion constant LCU, 11% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.63 billion constant LCU | 4.35 billion constant LCU | 6.97 billion constant LCU | 10 |
| 1980s | 9.19 billion constant LCU | 6.75 billion constant LCU | 11.05 billion constant LCU | 10 |
| 1990s | 4.56 billion constant LCU | 2.45 billion constant LCU | 10.21 billion constant LCU | 10 |
| 2000s | 4.72 billion constant LCU | 3.07 billion constant LCU | 7.29 billion constant LCU | 10 |
| 2010s | 7.59 billion constant LCU | 5.86 billion constant LCU | 9.00 billion constant LCU | 10 |
| 2020s | 8.18 billion constant LCU | 7.86 billion constant LCU | 8.38 billion constant LCU | 5 |
Countries ranked near Cuba
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 in Cuba?
- Gross capital formation in Cuba was 8.30 billion constant LCU 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 11.05 billion constant LCU in 1985.
- What is the lowest gross capital formation recorded in Cuba?
- The lowest recorded value was 2.45 billion constant LCU in 1994.
- How does Cuba rank for gross capital formation?
- Cuba ranks 136th out of 170 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 LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 varies by country. This series is expressed in local currency units.