Gross Fixed Capital Formation — Share of GDP Standard Local Currency in Cuba
Cuba: Gross Fixed Capital Formation — Share of GDP Standard Local Currency was 7.02 % in 2024. ▼ Falling
Gross Fixed Capital Formation — Share of GDP Standard Local Currency in Cuba, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2024, gross fixed capital formation — share of gdp standard local currency in Cuba stood at 7.02 %.
Compared with earlier readings it is down 4.9% on the previous year and down 3.9% over ten years.
Over the whole period, gross fixed capital formation — share of gdp standard local currency in Cuba peaked at 26.88 % in 1986 and was at its lowest, 6.01 %, in 2022.
That places Cuba 199th out of 202 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 — Share of GDP Standard Local Currency in Cuba, year by year
| Year | % | Change |
|---|---|---|
| 1970 | 25.42 % | — |
| 1971 | 25.43 % | +0.0% |
| 1972 | 25.43 % | +0.0% |
| 1973 | 25.43 % | -0.0% |
| 1974 | 25.42 % | -0.0% |
| 1975 | 25.41 % | -0.0% |
| 1976 | 25.45 % | +0.1% |
| 1977 | 25.44 % | -0.0% |
| 1978 | 25.41 % | -0.1% |
| 1979 | 25.39 % | -0.1% |
| 1980 | 25.38 % | -0.1% |
| 1981 | 25.63 % | +1.0% |
| 1982 | 25.4 % | -0.9% |
| 1983 | 25.24 % | -0.6% |
| 1984 | 25.3 % | +0.2% |
| 1985 | 25.3 % | -0.0% |
| 1986 | 26.88 % | +6.3% |
| 1987 | 24.29 % | -9.6% |
| 1988 | 24.44 % | +0.6% |
| 1989 | 25.61 % | +4.8% |
| 1990 | 24.52 % | -4.3% |
| 1991 | 22.62 % | -7.7% |
| 1992 | 15.61 % | -31.0% |
| 1993 | 13.68 % | -12.3% |
| 1994 | 8.19 % | -40.1% |
| 1995 | 7.75 % | -5.4% |
| 1996 | 11.67 % | +50.5% |
| 1997 | 11.74 % | +0.7% |
| 1998 | 12.13 % | +3.3% |
| 1999 | 11.6 % | -4.4% |
| 2000 | 11.88 % | +2.4% |
| 2001 | 10.79 % | -9.2% |
| 2002 | 9.15 % | -15.2% |
| 2003 | 8.2 % | -10.4% |
| 2004 | 8.47 % | +3.3% |
| 2005 | 8.96 % | +5.7% |
| 2006 | 10.4 % | +16.1% |
| 2007 | 9.69 % | -6.9% |
| 2008 | 10.83 % | +11.7% |
| 2009 | 8.68 % | -19.9% |
| 2010 | 8.65 % | -0.3% |
| 2011 | 7.71 % | -10.8% |
| 2012 | 7.76 % | +0.6% |
| 2013 | 8.24 % | +6.2% |
| 2014 | 7.3 % | -11.4% |
| 2015 | 8.64 % | +18.3% |
| 2016 | 8.81 % | +1.9% |
| 2017 | 9.87 % | +12.1% |
| 2018 | 11.45 % | +15.9% |
| 2019 | 11.21 % | -2.1% |
| 2020 | 9.81 % | -12.5% |
| 2021 | 7.83 % | -20.3% |
| 2022 | 6.01 % | -23.2% |
| 2023 | 7.38 % | +22.8% |
| 2024 | 7.02 % | -4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.42 % | 25.39 % | 25.45 % | 10 |
| 1980s | 25.35 % | 24.29 % | 26.88 % | 10 |
| 1990s | 13.95 % | 7.75 % | 24.52 % | 10 |
| 2000s | 9.7 % | 8.2 % | 11.88 % | 10 |
| 2010s | 8.97 % | 7.3 % | 11.45 % | 10 |
| 2020s | 7.61 % | 6.01 % | 9.81 % | 5 |
Countries ranked near Cuba
- 196 Angola 9.72 % compare
- 197 Eritrea 7.25 % compare
- 198 Papua New Guinea 7.02 % compare
- 200 Guinea-Bissau 6.17 % compare
- 201 Zimbabwe 3.57 % compare
- 202 South Sudan 2.47 % compare
More economy & growth data for Cuba
- Gross capital formation (constant 2015 US$), annual growth rate 3.31 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.0801 constant 2015 US$ per US$ of GDP (2020)
- Gross capital formation (constant 2015 US$), per capita 775.66 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate -26.47 % change on previous year (2020)
- Imports of goods and services (current US$), per unit of GDP 0.0751 current US$ per US$ of GDP (2020)
- Imports of goods and services (current US$), per capita 721.79 current US$ per person (2020)
- Imports of goods and services (current LCU), annual growth rate 43.89 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 0.0751 current LCU per US$ of GDP (2020)
- Imports of goods and services (current LCU), per capita 81,399 current LCU per person (2024)
- Imports of goods and services (constant 2015 US$), annual growth rate -1.34 % change on previous year (2024)
Frequently asked questions
- What is gross fixed capital formation — share of gdp standard local currency in Cuba?
- Gross fixed capital formation — share of gdp standard local currency in Cuba was 7.02 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — share of gdp standard local currency recorded in Cuba?
- The highest recorded value was 26.88 % in 1986.
- What is the lowest gross fixed capital formation — share of gdp standard local currency recorded in Cuba?
- The lowest recorded value was 6.01 % in 2022.
- How does Cuba rank for gross fixed capital formation — share of gdp standard local currency?
- Cuba ranks 199th out of 202 countries with data for 2024.
- Is gross fixed capital formation — share of gdp standard local currency rising or falling in Cuba?
- Over the last ten years it is down 3.9%. The long-run trend across the full record is falling.
- Where does this Cuba data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Share of GDP Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).