Gross capital formation in Cuba
Cuba: Gross capital formation was 262.66 billion current LCU in 2024. ◆ Volatile
Latest (2024)
262.66 billion current LCU
Change on year
up 47.9%
World rank
92nd
of 187 countries
All-time high
262.66 billion current LCU
in 2024
All-time low
1.06 billion current LCU
in 1993
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 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 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 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
- 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 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.
Download this data
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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.