Gross fixed capital formation in Cuba
Cuba: Gross fixed capital formation was 3.7% in 2024. ◆ Volatile
Gross fixed capital formation in Cuba, 1971–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for gross fixed capital formation in Cuba is 3.7%, measured in 2024.
The figure is up 60.4% on the previous year and up 236.5% over ten years.
Over the whole period, gross fixed capital formation in Cuba peaked at 44.1% in 2006 and was at its lowest, -41.3%, in 1992.
Cuba ranks 94th of 165 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.4% | 0.9% | 9.7% | 9 |
| 1980s | 4.7% | -11.8% | 18.8% | 10 |
| 1990s | -6.4% | -41.3% | 37.1% | 10 |
| 2000s | 6.7% | -8.9% | 44.1% | 10 |
| 2010s | 4.3% | -3.0% | 15.6% | 10 |
| 2020s | -0.7% | -5.8% | 3.7% | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- External balance on goods and services as a percent of GDP -39.9% (2024)
- GDP per capita 7,381 constant 2015 US$ (2024)
- Share of manufacturing in gross domestic product (GDP) 10.7% (2024)
- Gross domestic product (GDP) 81.05 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 7,381 constant 2015 US$ (2024)
- DEC alternative conversion factor 1 LCU per US$ (2020)
- Net secondary income (Net current transfers from abroad) 1.89 billion current LCU (2019)
- Net secondary income (Net current transfers from abroad) 1.89 billion current US$ (2019)
- Taxes less subsidies on products 16.49 billion current LCU (2024)
- Taxes less subsidies on products 762.00 million current US$ (2020)
Frequently asked questions
- What is gross fixed capital formation in Cuba?
- Gross fixed capital formation in Cuba was 3.7% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Cuba?
- The highest recorded value was 44.1% in 2006.
- What is the lowest gross fixed capital formation recorded in Cuba?
- The lowest recorded value was -41.3% in 1992.
- How does Cuba rank for gross fixed capital formation?
- Cuba ranks 94th out of 165 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Cuba?
- Over the last ten years it is up 236.5%. 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 Offices (NSOs), published as part of Gross fixed capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.