Gross fixed capital formation in Cuba
Cuba: Gross fixed capital formation was 138.37 billion current LCU in 2024. ◆ Volatile
Gross fixed capital formation in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Cuba recorded 138.37 billion current LCU for gross fixed capital formation in 2024. That is the highest value across all 55 years on record.
The figure is up 29.8% on the previous year and up 2,248.9% over ten years.
Over the whole period, gross fixed capital formation in Cuba peaked at 138.37 billion current LCU in 2024 and was at its lowest, 1.45 billion current LCU, in 1970.
That places Cuba 107th out of 181 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in Cuba, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 1.45 billion current LCU | — |
| 1971 | 1.76 billion current LCU | +21.5% |
| 1972 | 1.97 billion current LCU | +12.1% |
| 1973 | 2.11 billion current LCU | +6.8% |
| 1974 | 2.38 billion current LCU | +12.9% |
| 1975 | 2.71 billion current LCU | +14.2% |
| 1976 | 2.88 billion current LCU | +6.1% |
| 1977 | 3.00 billion current LCU | +4.1% |
| 1978 | 3.49 billion current LCU | +16.4% |
| 1979 | 3.63 billion current LCU | +4.0% |
| 1980 | 3.64 billion current LCU | +0.2% |
| 1981 | 4.29 billion current LCU | +17.8% |
| 1982 | 4.52 billion current LCU | +5.6% |
| 1983 | 4.81 billion current LCU | +6.4% |
| 1984 | 5.34 billion current LCU | +11.0% |
| 1985 | 5.31 billion current LCU | -0.6% |
| 1986 | 5.43 billion current LCU | +2.2% |
| 1987 | 4.82 billion current LCU | -11.3% |
| 1988 | 5.09 billion current LCU | +5.6% |
| 1989 | 5.40 billion current LCU | +6.2% |
| 1990 | 5.28 billion current LCU | -2.2% |
| 1991 | 4.03 billion current LCU | -23.7% |
| 1992 | 2.55 billion current LCU | -36.7% |
| 1993 | 2.26 billion current LCU | -11.2% |
| 1994 | 1.72 billion current LCU | -23.8% |
| 1995 | 1.85 billion current LCU | +7.1% |
| 1996 | 2.92 billion current LCU | +57.9% |
| 1997 | 2.98 billion current LCU | +2.1% |
| 1998 | 3.12 billion current LCU | +4.8% |
| 1999 | 3.29 billion current LCU | +5.4% |
| 2000 | 3.63 billion current LCU | +10.3% |
| 2001 | 3.42 billion current LCU | -5.9% |
| 2002 | 3.07 billion current LCU | -10.0% |
| 2003 | 2.94 billion current LCU | -4.2% |
| 2004 | 3.24 billion current LCU | +9.9% |
| 2005 | 3.82 billion current LCU | +18.0% |
| 2006 | 5.49 billion current LCU | +43.6% |
| 2007 | 5.68 billion current LCU | +3.5% |
| 2008 | 6.58 billion current LCU | +16.0% |
| 2009 | 5.39 billion current LCU | -18.2% |
| 2010 | 5.56 billion current LCU | +3.3% |
| 2011 | 5.32 billion current LCU | -4.4% |
| 2012 | 5.68 billion current LCU | +6.7% |
| 2013 | 6.36 billion current LCU | +12.0% |
| 2014 | 5.89 billion current LCU | -7.4% |
| 2015 | 7.53 billion current LCU | +27.8% |
| 2016 | 8.05 billion current LCU | +6.9% |
| 2017 | 9.56 billion current LCU | +18.8% |
| 2018 | 11.45 billion current LCU | +19.8% |
| 2019 | 11.60 billion current LCU | +1.2% |
| 2020 | 10.54 billion current LCU | -9.1% |
| 2021 | 57.24 billion current LCU | +443.3% |
| 2022 | 72.71 billion current LCU | +27.0% |
| 2023 | 106.61 billion current LCU | +46.6% |
| 2024 | 138.37 billion current LCU | +29.8% |
Cuba compared with similar countries
- Cuba's 138.37 billion current LCU is below the median for upper middle income countries, which is 431.60 billion current LCU, 32% of the median. (51 countries reporting)
- Cuba's 138.37 billion current LCU is below the median for Latin America & Caribbean, which is 200.44 billion current LCU, 69% of the median. (27 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation 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 |
|---|---|---|---|
| 2021 | +443.3% | 10.54 billion current LCU | 57.24 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.54 billion current LCU | 1.45 billion current LCU | 3.63 billion current LCU | 10 |
| 1980s | 4.86 billion current LCU | 3.64 billion current LCU | 5.43 billion current LCU | 10 |
| 1990s | 3.00 billion current LCU | 1.72 billion current LCU | 5.28 billion current LCU | 10 |
| 2000s | 4.33 billion current LCU | 2.94 billion current LCU | 6.58 billion current LCU | 10 |
| 2010s | 7.70 billion current LCU | 5.32 billion current LCU | 11.60 billion current LCU | 10 |
| 2020s | 77.09 billion current LCU | 10.54 billion current LCU | 138.37 billion current LCU | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- General government final consumption expenditure (current US$) 25.1 % change on previous year (2020)
- General government final consumption expenditure (current US$), per 0.3885 current US$ per US$ of GDP (2020)
- General government final consumption expenditure (current US$), per 3,731 current US$ per person (2020)
- General government final consumption expenditure (current LCU) 21.52 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 0.3885 current LCU per US$ of GDP (2020)
- General government final consumption expenditure (current LCU), per 24,524 current LCU per person (2024)
- General government final consumption expenditure (constant 2015 US$) -7.43 % change on previous year (2024)
- General government final consumption expenditure (constant 2015 US$) 0.2523 constant 2015 US$ per US$ of GDP (2020)
- General government final consumption expenditure (constant 2015 US$) 2,335 constant 2015 US$ per person (2024)
- Households and NPISHs Final consumption expenditure (current US$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is gross fixed capital formation in Cuba?
- Gross fixed capital formation in Cuba was 138.37 billion current 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 138.37 billion current LCU in 2024.
- What is the lowest gross fixed capital formation recorded in Cuba?
- The lowest recorded value was 1.45 billion current LCU in 1970.
- How does Cuba rank for gross fixed capital formation?
- Cuba ranks 107th out of 181 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Cuba?
- Over the last ten years it is up 2,248.9%. 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 fixed capital formation (current LCU). Statizoid updates them automatically from the source API.
Download this data
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.