Gross fixed capital formation (constant LCU) in Cuba
Cuba: Gross fixed capital formation (constant LCU) was 8.26 billion constant LCU in 2024. ▲ Rising
Gross fixed capital formation in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Cuba recorded 8.26 billion constant LCU for gross fixed capital formation in 2024.
The figure is up 3.7% on the previous year and up 29.5% over ten years.
Over the whole period, gross fixed capital formation in Cuba peaked at 8.84 billion constant LCU in 1985 and was at its lowest, 1.96 billion constant LCU, in 1994.
That places Cuba 136th out of 168 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross fixed capital formation (constant LCU) in Cuba, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 3.48 billion constant LCU | — |
| 1971 | 3.78 billion constant LCU | +8.6% |
| 1972 | 3.96 billion constant LCU | +4.8% |
| 1973 | 4.10 billion constant LCU | +3.4% |
| 1974 | 4.13 billion constant LCU | +0.9% |
| 1975 | 4.54 billion constant LCU | +9.7% |
| 1976 | 4.79 billion constant LCU | +5.5% |
| 1977 | 5.19 billion constant LCU | +8.4% |
| 1978 | 5.51 billion constant LCU | +6.3% |
| 1979 | 5.57 billion constant LCU | +1.0% |
| 1980 | 5.39 billion constant LCU | -3.2% |
| 1981 | 6.41 billion constant LCU | +18.8% |
| 1982 | 6.85 billion constant LCU | +6.9% |
| 1983 | 7.17 billion constant LCU | +4.7% |
| 1984 | 7.81 billion constant LCU | +8.9% |
| 1985 | 8.84 billion constant LCU | +13.1% |
| 1986 | 7.79 billion constant LCU | -11.8% |
| 1987 | 7.01 billion constant LCU | -10.1% |
| 1988 | 7.70 billion constant LCU | +9.8% |
| 1989 | 8.47 billion constant LCU | +10.1% |
| 1990 | 8.17 billion constant LCU | -3.6% |
| 1991 | 6.49 billion constant LCU | -20.5% |
| 1992 | 3.81 billion constant LCU | -41.3% |
| 1993 | 2.71 billion constant LCU | -28.9% |
| 1994 | 1.96 billion constant LCU | -27.6% |
| 1995 | 2.06 billion constant LCU | +4.8% |
| 1996 | 2.82 billion constant LCU | +37.1% |
| 1997 | 2.98 billion constant LCU | +5.7% |
| 1998 | 3.11 billion constant LCU | +4.3% |
| 1999 | 3.28 billion constant LCU | +5.7% |
| 2000 | 3.60 billion constant LCU | +9.6% |
| 2001 | 3.50 billion constant LCU | -2.8% |
| 2002 | 3.18 billion constant LCU | -8.9% |
| 2003 | 2.97 billion constant LCU | -6.6% |
| 2004 | 3.19 billion constant LCU | +7.2% |
| 2005 | 3.84 billion constant LCU | +20.6% |
| 2006 | 5.54 billion constant LCU | +44.1% |
| 2007 | 5.67 billion constant LCU | +2.4% |
| 2008 | 6.10 billion constant LCU | +7.6% |
| 2009 | 5.72 billion constant LCU | -6.3% |
| 2010 | 5.55 billion constant LCU | -3.0% |
| 2011 | 5.82 billion constant LCU | +4.9% |
| 2012 | 6.17 billion constant LCU | +6.0% |
| 2013 | 6.55 billion constant LCU | +6.3% |
| 2014 | 6.38 billion constant LCU | -2.7% |
| 2015 | 7.38 billion constant LCU | +15.6% |
| 2016 | 7.86 billion constant LCU | +6.5% |
| 2017 | 8.12 billion constant LCU | +3.3% |
| 2018 | 8.63 billion constant LCU | +6.3% |
| 2019 | 8.59 billion constant LCU | -0.4% |
| 2020 | 8.26 billion constant LCU | -3.9% |
| 2021 | 8.27 billion constant LCU | +0.1% |
| 2022 | 7.79 billion constant LCU | -5.8% |
| 2023 | 7.97 billion constant LCU | +2.3% |
| 2024 | 8.26 billion constant LCU | +3.7% |
Cuba compared with similar countries
- Cuba's 8.26 billion constant LCU is below the median for upper middle income countries, which is 349.48 billion constant LCU, 2% of the median. (46 countries reporting)
- Cuba's 8.26 billion constant LCU is below the median for Latin America & Caribbean, which is 71.80 billion constant LCU, 12% of the median. (23 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation (constant LCU) 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 |
|---|---|---|---|
| 1992 | -41.3% | 6.49 billion constant LCU | 3.81 billion constant LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.51 billion constant LCU | 3.48 billion constant LCU | 5.57 billion constant LCU | 10 |
| 1980s | 7.34 billion constant LCU | 5.39 billion constant LCU | 8.84 billion constant LCU | 10 |
| 1990s | 3.74 billion constant LCU | 1.96 billion constant LCU | 8.17 billion constant LCU | 10 |
| 2000s | 4.33 billion constant LCU | 2.97 billion constant LCU | 6.10 billion constant LCU | 10 |
| 2010s | 7.10 billion constant LCU | 5.55 billion constant LCU | 8.63 billion constant LCU | 10 |
| 2020s | 8.11 billion constant LCU | 7.79 billion constant LCU | 8.27 billion constant LCU | 5 |
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 fixed capital formation in Cuba?
- Gross fixed capital formation in Cuba was 8.26 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Cuba?
- The highest recorded value was 8.84 billion constant LCU in 1985.
- What is the lowest gross fixed capital formation recorded in Cuba?
- The lowest recorded value was 1.96 billion constant LCU in 1994.
- How does Cuba rank for gross fixed capital formation?
- Cuba ranks 136th out of 168 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Cuba?
- Over the last ten years it is up 29.5%. 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 fixed capital formation (constant LCU). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.