Gross domestic savings (current US$) in Cuba
Cuba: Gross domestic savings was 11.30 billion current US$ in 2020. ◆ Volatile
Gross domestic savings in Cuba, 1970–2020
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for gross domestic savings in Cuba is 11.30 billion current US$, measured in 2020.
That represents a change of down 16.6% on the previous year and up 27.2% over ten years.
Over the whole period, gross domestic savings in Cuba peaked at 14.00 billion current US$ in 2018 and was at its lowest, 598.65 million current US$, in 1993.
Cuba ranks 89th of 188 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings in Cuba, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 782.05 million current US$ | — |
| 1971 | 950.48 million current US$ | +21.5% |
| 1972 | 1.12 billion current US$ | +17.6% |
| 1973 | 1.37 billion current US$ | +22.6% |
| 1974 | 1.56 billion current US$ | +13.9% |
| 1975 | 1.79 billion current US$ | +14.9% |
| 1976 | 1.90 billion current US$ | +6.0% |
| 1977 | 1.95 billion current US$ | +2.5% |
| 1978 | 2.44 billion current US$ | +24.9% |
| 1979 | 2.65 billion current US$ | +8.9% |
| 1980 | 2.82 billion current US$ | +6.4% |
| 1981 | 2.79 billion current US$ | -1.0% |
| 1982 | 2.81 billion current US$ | +0.5% |
| 1983 | 2.94 billion current US$ | +4.9% |
| 1984 | 3.13 billion current US$ | +6.4% |
| 1985 | 3.97 billion current US$ | +26.6% |
| 1986 | 2.99 billion current US$ | -24.7% |
| 1987 | 2.79 billion current US$ | -6.6% |
| 1988 | 3.46 billion current US$ | +24.0% |
| 1989 | 3.21 billion current US$ | -7.3% |
| 1990 | 4.32 billion current US$ | +34.9% |
| 1991 | 1.77 billion current US$ | -59.0% |
| 1992 | 916.06 million current US$ | -48.4% |
| 1993 | 598.65 million current US$ | -34.6% |
| 1994 | 1.36 billion current US$ | +126.9% |
| 1995 | 1.55 billion current US$ | +14.2% |
| 1996 | 3.48 billion current US$ | +124.2% |
| 1997 | 3.06 billion current US$ | -12.1% |
| 1998 | 2.37 billion current US$ | -22.5% |
| 1999 | 2.57 billion current US$ | +8.5% |
| 2000 | 2.96 billion current US$ | +15.2% |
| 2001 | 2.72 billion current US$ | -8.3% |
| 2002 | 2.53 billion current US$ | -7.0% |
| 2003 | 2.81 billion current US$ | +11.1% |
| 2004 | 3.64 billion current US$ | +29.7% |
| 2005 | 5.74 billion current US$ | +57.5% |
| 2006 | 5.84 billion current US$ | +1.9% |
| 2007 | 6.99 billion current US$ | +19.7% |
| 2008 | 6.23 billion current US$ | -10.9% |
| 2009 | 7.44 billion current US$ | +19.4% |
| 2010 | 8.89 billion current US$ | +19.5% |
| 2011 | 8.08 billion current US$ | -9.0% |
| 2012 | 10.04 billion current US$ | +24.2% |
| 2013 | 10.24 billion current US$ | +1.9% |
| 2014 | 10.09 billion current US$ | -1.5% |
| 2015 | 10.52 billion current US$ | +4.3% |
| 2016 | 11.20 billion current US$ | +6.5% |
| 2017 | 12.76 billion current US$ | +14.0% |
| 2018 | 14.00 billion current US$ | +9.7% |
| 2019 | 13.55 billion current US$ | -3.2% |
| 2020 | 11.30 billion current US$ | -16.6% |
Cuba compared with similar countries
- Cuba's 11.30 billion current US$ is below the median for upper middle income countries, which is 11.36 billion current US$, 100% of the median. (52 countries reporting)
- Cuba's 11.30 billion current US$ is above the median for Latin America & Caribbean, which is 10.99 billion current US$, 1.0× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings in Cuba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +126.9% | 598.65 million current US$ | 1.36 billion current US$ |
| 1996 | +124.2% | 1.55 billion current US$ | 3.48 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.65 billion current US$ | 782.05 million current US$ | 2.65 billion current US$ | 10 |
| 1980s | 3.09 billion current US$ | 2.79 billion current US$ | 3.97 billion current US$ | 10 |
| 1990s | 2.20 billion current US$ | 598.65 million current US$ | 4.32 billion current US$ | 10 |
| 2000s | 4.69 billion current US$ | 2.53 billion current US$ | 7.44 billion current US$ | 10 |
| 2010s | 10.94 billion current US$ | 8.08 billion current US$ | 14.00 billion current US$ | 10 |
| 2020s | 11.30 billion current US$ | 11.30 billion current US$ | 11.30 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 domestic savings in Cuba?
- Gross domestic savings in Cuba was 11.30 billion current US$ in 2020, 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 14.00 billion current US$ in 2018.
- What is the lowest gross domestic savings recorded in Cuba?
- The lowest recorded value was 598.65 million current US$ in 1993.
- How does Cuba rank for gross domestic savings?
- Cuba ranks 89th out of 188 countries with data for 2020.
- Is gross domestic savings rising or falling in Cuba?
- Over the last ten years it is up 27.2%. 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 US$). 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 indicator is expressed in United States dollars.