Gross domestic savings in Cuba
Cuba: Gross domestic savings was -170.40 billion current LCU in 2024. ◆ Volatile
Latest (2024)
-170.40 billion current LCU
Change on year
down 161.4%
World rank
180th
of 187 countries
All-time high
74.01 billion current LCU
in 2021
All-time low
-170.40 billion current LCU
in 2024
Years of data
55
1970–2024
Gross domestic savings in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Cuba recorded -170.40 billion current LCU for gross domestic savings in 2024. That is the lowest value across all 55 years on record.
That represents a change of down 161.4% on the previous year and down 1,789.4% over ten years.
Over the whole period, gross domestic savings in Cuba peaked at 74.01 billion current LCU in 2021 and was at its lowest, -170.40 billion current LCU, in 2024.
That places Cuba 180th out of 187 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings in Cuba, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 782.05 million current LCU | — |
| 1971 | 950.48 million current LCU | +21.5% |
| 1972 | 1.07 billion current LCU | +12.1% |
| 1973 | 1.14 billion current LCU | +6.7% |
| 1974 | 1.28 billion current LCU | +12.7% |
| 1975 | 1.47 billion current LCU | +14.9% |
| 1976 | 1.56 billion current LCU | +6.1% |
| 1977 | 1.62 billion current LCU | +3.7% |
| 1978 | 1.88 billion current LCU | +15.9% |
| 1979 | 1.94 billion current LCU | +3.3% |
| 1980 | 2.03 billion current LCU | +4.9% |
| 1981 | 2.32 billion current LCU | +14.1% |
| 1982 | 2.39 billion current LCU | +2.9% |
| 1983 | 2.53 billion current LCU | +6.0% |
| 1984 | 2.75 billion current LCU | +8.8% |
| 1985 | 3.63 billion current LCU | +32.0% |
| 1986 | 2.49 billion current LCU | -31.5% |
| 1987 | 2.19 billion current LCU | -11.9% |
| 1988 | 2.62 billion current LCU | +19.5% |
| 1989 | 2.50 billion current LCU | -4.6% |
| 1990 | 3.25 billion current LCU | +30.0% |
| 1991 | 1.30 billion current LCU | -60.0% |
| 1992 | 677.88 million current LCU | -47.8% |
| 1993 | 443.00 million current LCU | -34.6% |
| 1994 | 1.01 billion current LCU | +126.9% |
| 1995 | 1.21 billion current LCU | +20.8% |
| 1996 | 3.48 billion current LCU | +186.2% |
| 1997 | 3.06 billion current LCU | -12.1% |
| 1998 | 2.37 billion current LCU | -22.5% |
| 1999 | 2.57 billion current LCU | +8.5% |
| 2000 | 2.96 billion current LCU | +15.2% |
| 2001 | 2.72 billion current LCU | -8.3% |
| 2002 | 2.53 billion current LCU | -7.0% |
| 2003 | 2.81 billion current LCU | +11.1% |
| 2004 | 3.64 billion current LCU | +29.7% |
| 2005 | 5.74 billion current LCU | +57.5% |
| 2006 | 6.31 billion current LCU | +10.0% |
| 2007 | 7.55 billion current LCU | +19.7% |
| 2008 | 6.73 billion current LCU | -10.9% |
| 2009 | 8.04 billion current LCU | +19.4% |
| 2010 | 9.60 billion current LCU | +19.5% |
| 2011 | 8.08 billion current LCU | -15.8% |
| 2012 | 10.04 billion current LCU | +24.2% |
| 2013 | 10.24 billion current LCU | +1.9% |
| 2014 | 10.09 billion current LCU | -1.5% |
| 2015 | 10.52 billion current LCU | +4.3% |
| 2016 | 11.20 billion current LCU | +6.5% |
| 2017 | 12.76 billion current LCU | +14.0% |
| 2018 | 14.00 billion current LCU | +9.7% |
| 2019 | 13.55 billion current LCU | -3.2% |
| 2020 | 11.30 billion current LCU | -16.6% |
| 2021 | 74.01 billion current LCU | +554.8% |
| 2022 | 34.27 billion current LCU | -53.7% |
| 2023 | -65.19 billion current LCU | -290.2% |
| 2024 | -170.40 billion current LCU | +161.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.37 billion current LCU | 782.05 million current LCU | 1.94 billion current LCU | 10 |
| 1980s | 2.55 billion current LCU | 2.03 billion current LCU | 3.63 billion current LCU | 10 |
| 1990s | 1.94 billion current LCU | 443.00 million current LCU | 3.48 billion current LCU | 10 |
| 2000s | 4.90 billion current LCU | 2.53 billion current LCU | 8.04 billion current LCU | 10 |
| 2010s | 11.01 billion current LCU | 8.08 billion current LCU | 14.00 billion current LCU | 10 |
| 2020s | -23.20 billion current LCU | -170.40 billion current LCU | 74.01 billion current LCU | 5 |
Countries ranked near Cuba
- 177 Comoros -82.72 billion current LCU compare
- 178 Central African Republic -87.66 billion current LCU compare
- 179 Kyrgyzstan -109.66 billion current LCU compare
- 181 Afghanistan -445.75 billion current LCU compare
- 182 Ukraine -512.12 billion current LCU compare
- 183 Malawi -618.55 billion current LCU compare
More economy & growth data for Cuba
- GNI, Atlas method (current US$), annual growth rate 3.2 % change on previous year (2019)
- GNI, Atlas method (current US$), per unit of GDP 0.9759 current US$ per US$ of GDP (2019)
- GNI, Atlas method (current US$), per capita 9,010 current US$ per person (2019)
- GNI (current US$), annual growth rate 3.35 % change on previous year (2019)
- GNI (current US$), per unit of GDP 0.985 current US$ per US$ of GDP (2019)
- GNI (current US$), per capita 9,094 current US$ per person (2019)
- GNI (current LCU), annual growth rate 3.35 % change on previous year (2019)
- GNI (current LCU), per unit of GDP 0.985 current LCU per US$ of GDP (2019)
- GNI (current LCU), per capita 9,094 current LCU per person (2019)
- Net primary income (Net income from abroad) (current US$), annual -5.36 % change on previous year (2019)
Frequently asked questions
- What is gross domestic savings in Cuba?
- Gross domestic savings in Cuba was -170.40 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Cuba?
- The highest recorded value was 74.01 billion current LCU in 2021.
- What is the lowest gross domestic savings recorded in Cuba?
- The lowest recorded value was -170.40 billion current LCU in 2024.
- How does Cuba rank for gross domestic savings?
- Cuba ranks 180th out of 187 countries with data for 2024.
- Is gross domestic savings rising or falling in Cuba?
- Over the last ten years it is down 1,789.4%. 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 domestic savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.