Gross capital formation (current US$) in Cuba
Cuba: Gross capital formation (current US$) was 10.60 billion current US$ in 2020. ▲ Rising
Gross capital formation in Cuba, 1970–2020
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Cuba recorded 10.60 billion current US$ for gross capital formation in 2020.
Compared with earlier readings it is down 10.8% on the previous year and up 76.7% over ten years.
Over the whole period, gross capital formation in Cuba peaked at 12.04 billion current US$ in 2018 and was at its lowest, 1.43 billion current US$, in 1993.
That places Cuba 92nd out of 187 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 51 years of available data.
Gross capital formation (current US$) in Cuba, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 1.48 billion current US$ | — |
| 1971 | 1.79 billion current US$ | +21.5% |
| 1972 | 2.11 billion current US$ | +17.6% |
| 1973 | 2.59 billion current US$ | +22.7% |
| 1974 | 2.95 billion current US$ | +14.1% |
| 1975 | 3.38 billion current US$ | +14.5% |
| 1976 | 3.58 billion current US$ | +6.0% |
| 1977 | 3.68 billion current US$ | +2.8% |
| 1978 | 4.61 billion current US$ | +25.1% |
| 1979 | 5.05 billion current US$ | +9.5% |
| 1980 | 5.23 billion current US$ | +3.6% |
| 1981 | 5.27 billion current US$ | +0.7% |
| 1982 | 5.36 billion current US$ | +1.8% |
| 1983 | 5.63 billion current US$ | +4.9% |
| 1984 | 6.13 billion current US$ | +9.0% |
| 1985 | 6.59 billion current US$ | +7.5% |
| 1986 | 6.19 billion current US$ | -6.1% |
| 1987 | 5.76 billion current US$ | -6.9% |
| 1988 | 6.60 billion current US$ | +14.5% |
| 1989 | 7.11 billion current US$ | +7.8% |
| 1990 | 7.10 billion current US$ | -0.1% |
| 1991 | 3.40 billion current US$ | -52.1% |
| 1992 | 1.45 billion current US$ | -57.5% |
| 1993 | 1.43 billion current US$ | -1.1% |
| 1994 | 1.49 billion current US$ | +4.3% |
| 1995 | 2.13 billion current US$ | +43.1% |
| 1996 | 3.98 billion current US$ | +86.3% |
| 1997 | 3.79 billion current US$ | -4.6% |
| 1998 | 3.40 billion current US$ | -10.4% |
| 1999 | 3.36 billion current US$ | -1.0% |
| 2000 | 3.82 billion current US$ | +13.6% |
| 2001 | 3.63 billion current US$ | -5.0% |
| 2002 | 3.09 billion current US$ | -15.0% |
| 2003 | 3.05 billion current US$ | -1.2% |
| 2004 | 3.36 billion current US$ | +10.1% |
| 2005 | 4.59 billion current US$ | +36.7% |
| 2006 | 5.73 billion current US$ | +24.7% |
| 2007 | 5.53 billion current US$ | -3.5% |
| 2008 | 8.36 billion current US$ | +51.2% |
| 2009 | 6.29 billion current US$ | -24.8% |
| 2010 | 6.00 billion current US$ | -4.6% |
| 2011 | 5.84 billion current US$ | -2.6% |
| 2012 | 6.27 billion current US$ | +7.3% |
| 2013 | 7.25 billion current US$ | +15.5% |
| 2014 | 6.14 billion current US$ | -15.3% |
| 2015 | 8.18 billion current US$ | +33.3% |
| 2016 | 8.74 billion current US$ | +6.8% |
| 2017 | 9.97 billion current US$ | +14.2% |
| 2018 | 12.04 billion current US$ | +20.7% |
| 2019 | 11.89 billion current US$ | -1.3% |
| 2020 | 10.60 billion current US$ | -10.8% |
Cuba compared with similar countries
- Cuba's 10.60 billion current US$ is below the median for upper middle income countries, which is 11.53 billion current US$, 92% of the median. (52 countries reporting)
- Cuba's 10.60 billion current US$ is below the median for Latin America & Caribbean, which is 11.53 billion current US$, 92% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation (current US$) 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 | +86.3% | 2.13 billion current US$ | 3.98 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.12 billion current US$ | 1.48 billion current US$ | 5.05 billion current US$ | 10 |
| 1980s | 5.99 billion current US$ | 5.23 billion current US$ | 7.11 billion current US$ | 10 |
| 1990s | 3.15 billion current US$ | 1.43 billion current US$ | 7.10 billion current US$ | 10 |
| 2000s | 4.75 billion current US$ | 3.05 billion current US$ | 8.36 billion current US$ | 10 |
| 2010s | 8.23 billion current US$ | 5.84 billion current US$ | 12.04 billion current US$ | 10 |
| 2020s | 10.60 billion current US$ | 10.60 billion current US$ | 10.60 billion current US$ | 1 |
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 10.60 billion current US$ in 2020, 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 12.04 billion current US$ in 2018.
- What is the lowest gross capital formation recorded in Cuba?
- The lowest recorded value was 1.43 billion current US$ in 1993.
- How does Cuba rank for gross capital formation?
- Cuba ranks 92nd out of 187 countries with data for 2020.
- Is gross capital formation rising or falling in Cuba?
- Over the last ten years it is up 76.7%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.