Gross capital formation (current LCU) in Cuba
Cuba: Gross capital formation (current LCU) was 262.66 billion current LCU in 2024. ◆ Volatile
Gross capital formation in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross capital formation in Cuba is 262.66 billion current LCU, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 47.9% on the previous year and up 4,178.6% over ten years.
Over the whole period, gross capital formation in Cuba peaked at 262.66 billion current LCU in 2024 and was at its lowest, 1.06 billion current LCU, in 1993.
Cuba ranks 92nd of 187 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 (current LCU) in Cuba, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 1.48 billion current LCU | — |
| 1971 | 1.79 billion current LCU | +21.5% |
| 1972 | 2.01 billion current LCU | +12.1% |
| 1973 | 2.15 billion current LCU | +6.7% |
| 1974 | 2.42 billion current LCU | +12.9% |
| 1975 | 2.77 billion current LCU | +14.5% |
| 1976 | 2.94 billion current LCU | +6.1% |
| 1977 | 3.06 billion current LCU | +3.9% |
| 1978 | 3.55 billion current LCU | +16.1% |
| 1979 | 3.68 billion current LCU | +3.8% |
| 1980 | 3.77 billion current LCU | +2.2% |
| 1981 | 4.37 billion current LCU | +16.1% |
| 1982 | 4.56 billion current LCU | +4.3% |
| 1983 | 4.83 billion current LCU | +6.0% |
| 1984 | 5.39 billion current LCU | +11.4% |
| 1985 | 6.04 billion current LCU | +12.1% |
| 1986 | 5.16 billion current LCU | -14.6% |
| 1987 | 4.53 billion current LCU | -12.1% |
| 1988 | 5.00 billion current LCU | +10.4% |
| 1989 | 5.55 billion current LCU | +11.0% |
| 1990 | 5.34 billion current LCU | -3.8% |
| 1991 | 2.49 billion current LCU | -53.3% |
| 1992 | 1.07 billion current LCU | -57.1% |
| 1993 | 1.06 billion current LCU | -1.1% |
| 1994 | 1.10 billion current LCU | +4.3% |
| 1995 | 1.67 billion current LCU | +51.5% |
| 1996 | 3.98 billion current LCU | +137.9% |
| 1997 | 3.79 billion current LCU | -4.6% |
| 1998 | 3.40 billion current LCU | -10.4% |
| 1999 | 3.36 billion current LCU | -1.0% |
| 2000 | 3.82 billion current LCU | +13.6% |
| 2001 | 3.63 billion current LCU | -5.0% |
| 2002 | 3.09 billion current LCU | -15.0% |
| 2003 | 3.05 billion current LCU | -1.2% |
| 2004 | 3.36 billion current LCU | +10.1% |
| 2005 | 4.59 billion current LCU | +36.7% |
| 2006 | 6.19 billion current LCU | +34.6% |
| 2007 | 5.97 billion current LCU | -3.5% |
| 2008 | 9.03 billion current LCU | +51.2% |
| 2009 | 6.79 billion current LCU | -24.8% |
| 2010 | 6.48 billion current LCU | -4.6% |
| 2011 | 5.84 billion current LCU | -9.8% |
| 2012 | 6.27 billion current LCU | +7.3% |
| 2013 | 7.25 billion current LCU | +15.5% |
| 2014 | 6.14 billion current LCU | -15.3% |
| 2015 | 8.18 billion current LCU | +33.3% |
| 2016 | 8.74 billion current LCU | +6.8% |
| 2017 | 9.97 billion current LCU | +14.2% |
| 2018 | 12.04 billion current LCU | +20.7% |
| 2019 | 11.89 billion current LCU | -1.3% |
| 2020 | 10.60 billion current LCU | -10.8% |
| 2021 | 129.82 billion current LCU | +1124.6% |
| 2022 | 115.82 billion current LCU | -10.8% |
| 2023 | 177.61 billion current LCU | +53.3% |
| 2024 | 262.66 billion current LCU | +47.9% |
Cuba compared with similar countries
- Cuba's 262.66 billion current LCU is below the median for upper middle income countries, which is 296.90 billion current LCU, 88% of the median. (52 countries reporting)
- Cuba's 262.66 billion current LCU is above the median for Latin America & Caribbean, which is 226.36 billion current LCU, 1.2× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation (current LCU) 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 |
|---|---|---|---|
| 2021 | +1124.6% | 10.60 billion current LCU | 129.82 billion current LCU |
| 1996 | +137.9% | 1.67 billion current LCU | 3.98 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.59 billion current LCU | 1.48 billion current LCU | 3.68 billion current LCU | 10 |
| 1980s | 4.92 billion current LCU | 3.77 billion current LCU | 6.04 billion current LCU | 10 |
| 1990s | 2.73 billion current LCU | 1.06 billion current LCU | 5.34 billion current LCU | 10 |
| 2000s | 4.95 billion current LCU | 3.05 billion current LCU | 9.03 billion current LCU | 10 |
| 2010s | 8.28 billion current LCU | 5.84 billion current LCU | 12.04 billion current LCU | 10 |
| 2020s | 139.30 billion current LCU | 10.60 billion current LCU | 262.66 billion current LCU | 5 |
Countries ranked near Cuba
- 89 Mozambique 346.38 billion current LCU compare
- 90 North Macedonia 331.15 billion current LCU compare
- 91 Qatar 262.91 billion current LCU compare
- 93 Switzerland 255.82 billion current LCU compare
- 94 Honduras 248.36 billion current LCU compare
- 95 Peru 242.94 billion current LCU 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 in Cuba?
- Gross capital formation in Cuba was 262.66 billion current 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 262.66 billion current LCU in 2024.
- What is the lowest gross capital formation recorded in Cuba?
- The lowest recorded value was 1.06 billion current LCU in 1993.
- How does Cuba rank for gross capital formation?
- Cuba ranks 92nd out of 187 countries with data for 2024.
- Is gross capital formation rising or falling in Cuba?
- Over the last ten years it is up 4,178.6%. 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 (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.