Gross fixed capital formation in Cuba
Cuba: Gross fixed capital formation was 12.8% in 2024. ▼ Falling
Gross fixed capital formation in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross fixed capital formation in Cuba is 12.8%, measured in 2024.
Compared with earlier readings it is down 0.8% on the previous year and up 74.7% over ten years.
Over the whole period, gross fixed capital formation in Cuba peaked at 26.9% in 1986 and was at its lowest, 7.3%, in 2014.
That places Cuba 162nd out of 180 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 55 years of available data.
Gross fixed capital formation in Cuba, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 25.4% | — |
| 1971 | 25.4% | +0.0% |
| 1972 | 25.4% | +0.0% |
| 1973 | 25.4% | -0.0% |
| 1974 | 25.4% | -0.0% |
| 1975 | 25.4% | -0.0% |
| 1976 | 25.4% | +0.1% |
| 1977 | 25.4% | -0.0% |
| 1978 | 25.4% | -0.1% |
| 1979 | 25.4% | -0.1% |
| 1980 | 25.4% | -0.1% |
| 1981 | 25.6% | +1.0% |
| 1982 | 25.4% | -0.9% |
| 1983 | 25.2% | -0.6% |
| 1984 | 25.3% | +0.2% |
| 1985 | 25.3% | -0.0% |
| 1986 | 26.9% | +6.3% |
| 1987 | 24.3% | -9.6% |
| 1988 | 24.4% | +0.6% |
| 1989 | 25.6% | +4.8% |
| 1990 | 24.5% | -4.3% |
| 1991 | 22.6% | -7.7% |
| 1992 | 15.6% | -31.0% |
| 1993 | 13.7% | -12.3% |
| 1994 | 8.2% | -40.1% |
| 1995 | 7.8% | -5.4% |
| 1996 | 11.7% | +50.5% |
| 1997 | 11.7% | +0.7% |
| 1998 | 12.1% | +3.3% |
| 1999 | 11.6% | -4.4% |
| 2000 | 11.9% | +2.4% |
| 2001 | 10.8% | -9.2% |
| 2002 | 9.2% | -15.2% |
| 2003 | 8.2% | -10.4% |
| 2004 | 8.5% | +3.3% |
| 2005 | 9.0% | +5.7% |
| 2006 | 10.4% | +16.1% |
| 2007 | 9.7% | -6.9% |
| 2008 | 10.8% | +11.8% |
| 2009 | 8.7% | -19.9% |
| 2010 | 8.6% | -0.3% |
| 2011 | 7.7% | -10.8% |
| 2012 | 7.8% | +0.7% |
| 2013 | 8.2% | +6.2% |
| 2014 | 7.3% | -11.4% |
| 2015 | 8.6% | +18.3% |
| 2016 | 8.8% | +1.9% |
| 2017 | 9.9% | +12.1% |
| 2018 | 11.4% | +15.9% |
| 2019 | 11.2% | -2.1% |
| 2020 | 9.8% | -12.5% |
| 2021 | 10.5% | +7.0% |
| 2022 | 11.5% | +9.4% |
| 2023 | 12.9% | +11.9% |
| 2024 | 12.8% | -0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.4% | 25.4% | 25.4% | 10 |
| 1980s | 25.3% | 24.3% | 26.9% | 10 |
| 1990s | 14.0% | 7.8% | 24.5% | 10 |
| 2000s | 9.7% | 8.2% | 11.9% | 10 |
| 2010s | 9.0% | 7.3% | 11.4% | 10 |
| 2020s | 11.5% | 9.8% | 12.9% | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Services, value added (current US$), annual growth rate 8.37 % change on previous year (2020)
- Services, value added (current US$), per unit of GDP 0.7351 current US$ per US$ of GDP (2020)
- Services, value added (current US$), per capita 7,061 current US$ per person (2020)
- Services, value added (current LCU), annual growth rate 31.15 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 0.7351 current LCU per US$ of GDP (2020)
- Services, value added (current LCU), per capita 72,507 current LCU per person (2024)
- Services, value added (constant 2015 US$), annual growth rate -0.0514 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.5615 constant 2015 US$ per US$ of GDP (2020)
- Services, value added (constant 2015 US$), per capita 5,863 constant 2015 US$ per person (2024)
- Services, value added (constant LCU), per capita 3,714 constant LCU per person (2024)
Frequently asked questions
- What is gross fixed capital formation in Cuba?
- Gross fixed capital formation in Cuba was 12.8% 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 26.9% in 1986.
- What is the lowest gross fixed capital formation recorded in Cuba?
- The lowest recorded value was 7.3% in 2014.
- How does Cuba rank for gross fixed capital formation?
- Cuba ranks 162nd out of 180 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Cuba?
- Over the last ten years it is up 74.7%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.