Gross capital formation in Cuba
Cuba: Gross capital formation was 24.2% in 2024. ▼ Falling
Gross capital formation in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross capital formation in Cuba stood at 24.2%.
Compared with earlier readings it is up 13.1% on the previous year and up 218.1% over ten years.
Over the whole period, gross capital formation in Cuba peaked at 28.8% in 1985 and was at its lowest, 5.2%, in 1994.
Cuba ranks 82nd of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 55 years of available data.
Gross capital formation in Cuba, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 25.9% | — |
| 1971 | 25.9% | +0.0% |
| 1972 | 25.9% | -0.0% |
| 1973 | 25.9% | -0.1% |
| 1974 | 25.9% | -0.1% |
| 1975 | 26.0% | +0.2% |
| 1976 | 26.0% | +0.1% |
| 1977 | 25.9% | -0.2% |
| 1978 | 25.8% | -0.4% |
| 1979 | 25.8% | -0.2% |
| 1980 | 26.3% | +1.9% |
| 1981 | 26.1% | -0.5% |
| 1982 | 25.6% | -2.1% |
| 1983 | 25.3% | -1.0% |
| 1984 | 25.5% | +0.7% |
| 1985 | 28.8% | +12.8% |
| 1986 | 25.5% | -11.2% |
| 1987 | 22.9% | -10.5% |
| 1988 | 24.0% | +5.1% |
| 1989 | 26.3% | +9.6% |
| 1990 | 24.8% | -5.8% |
| 1991 | 14.0% | -43.6% |
| 1992 | 6.5% | -53.2% |
| 1993 | 6.4% | -2.3% |
| 1994 | 5.2% | -18.0% |
| 1995 | 7.0% | +33.8% |
| 1996 | 15.9% | +126.6% |
| 1997 | 15.0% | -5.9% |
| 1998 | 13.2% | -11.7% |
| 1999 | 11.9% | -10.2% |
| 2000 | 12.5% | +5.5% |
| 2001 | 11.5% | -8.3% |
| 2002 | 9.2% | -19.8% |
| 2003 | 8.5% | -7.5% |
| 2004 | 8.8% | +3.5% |
| 2005 | 10.8% | +22.4% |
| 2006 | 11.7% | +8.9% |
| 2007 | 10.2% | -13.2% |
| 2008 | 14.8% | +45.8% |
| 2009 | 10.9% | -26.3% |
| 2010 | 10.1% | -7.9% |
| 2011 | 8.5% | -15.9% |
| 2012 | 8.6% | +1.2% |
| 2013 | 9.4% | +9.5% |
| 2014 | 7.6% | -19.0% |
| 2015 | 9.4% | +23.4% |
| 2016 | 9.6% | +1.8% |
| 2017 | 10.3% | +7.7% |
| 2018 | 12.0% | +16.9% |
| 2019 | 11.5% | -4.5% |
| 2020 | 9.9% | -14.1% |
| 2021 | 23.8% | +141.1% |
| 2022 | 18.3% | -23.2% |
| 2023 | 21.4% | +17.1% |
| 2024 | 24.2% | +13.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.9% | 25.8% | 26.0% | 10 |
| 1980s | 25.6% | 22.9% | 28.8% | 10 |
| 1990s | 12.0% | 5.2% | 24.8% | 10 |
| 2000s | 10.9% | 8.5% | 14.8% | 10 |
| 2010s | 9.7% | 7.6% | 12.0% | 10 |
| 2020s | 19.5% | 9.9% | 24.2% | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Manufacturing, value added (current US$), per unit of GDP 0.112 current US$ per US$ of GDP (2020)
- Manufacturing, value added (current US$), per capita 1,075 current US$ per person (2020)
- Manufacturing, value added (current LCU), per unit of GDP 0.112 current LCU per US$ of GDP (2020)
- Manufacturing, value added (current LCU), per capita 10,549 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0902 constant 2015 US$ per US$ of GDP (2020)
- Manufacturing, value added (constant 2015 US$), per capita 580.05 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 321.68 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual -2.68 % change on previous year (2020)
- Industry (including construction), value added (current US$), per 0.2302 current US$ per US$ of GDP (2020)
- Industry (including construction), value added (current US$), per 2,211 current US$ per person (2020)
Frequently asked questions
- What is gross capital formation in Cuba?
- Gross capital formation in Cuba was 24.2% 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 28.8% in 1985.
- What is the lowest gross capital formation recorded in Cuba?
- The lowest recorded value was 5.2% in 1994.
- How does Cuba rank for gross capital formation?
- Cuba ranks 82nd 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 218.1%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.