Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Cuba
Cuba: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 8,344 million SLC in 2024. ▲ Rising
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Cuba, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Cuba recorded 8,344 million SLC for gross fixed capital formation — value standard local currency, 2015 in 2024.
Compared with earlier readings it is up 1.7% on the previous year and up 28.1% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Cuba peaked at 9,024 million SLC in 1985 and was at its lowest, 2,003 million SLC, in 1994.
That places Cuba 142nd out of 194 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Cuba, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 3,554 million SLC | — |
| 1971 | 3,861 million SLC | +8.6% |
| 1972 | 4,046 million SLC | +4.8% |
| 1973 | 4,183 million SLC | +3.4% |
| 1974 | 4,221 million SLC | +0.9% |
| 1975 | 4,632 million SLC | +9.7% |
| 1976 | 4,887 million SLC | +5.5% |
| 1977 | 5,299 million SLC | +8.4% |
| 1978 | 5,631 million SLC | +6.3% |
| 1979 | 5,686 million SLC | +1.0% |
| 1980 | 5,506 million SLC | -3.2% |
| 1981 | 6,544 million SLC | +18.8% |
| 1982 | 6,996 million SLC | +6.9% |
| 1983 | 7,324 million SLC | +4.7% |
| 1984 | 7,979 million SLC | +8.9% |
| 1985 | 9,024 million SLC | +13.1% |
| 1986 | 7,956 million SLC | -11.8% |
| 1987 | 7,153 million SLC | -10.1% |
| 1988 | 7,857 million SLC | +9.8% |
| 1989 | 8,652 million SLC | +10.1% |
| 1990 | 8,338 million SLC | -3.6% |
| 1991 | 6,625 million SLC | -20.5% |
| 1992 | 3,891 million SLC | -41.3% |
| 1993 | 2,768 million SLC | -28.9% |
| 1994 | 2,003 million SLC | -27.6% |
| 1995 | 2,099 million SLC | +4.8% |
| 1996 | 2,877 million SLC | +37.1% |
| 1997 | 3,042 million SLC | +5.7% |
| 1998 | 3,171 million SLC | +4.3% |
| 1999 | 3,353 million SLC | +5.7% |
| 2000 | 3,674 million SLC | +9.6% |
| 2001 | 3,570 million SLC | -2.8% |
| 2002 | 3,251 million SLC | -8.9% |
| 2003 | 3,035 million SLC | -6.6% |
| 2004 | 3,254 million SLC | +7.2% |
| 2005 | 3,924 million SLC | +20.6% |
| 2006 | 5,655 million SLC | +44.1% |
| 2007 | 5,791 million SLC | +2.4% |
| 2008 | 6,232 million SLC | +7.6% |
| 2009 | 5,838 million SLC | -6.3% |
| 2010 | 5,664 million SLC | -3.0% |
| 2011 | 5,940 million SLC | +4.9% |
| 2012 | 6,298 million SLC | +6.0% |
| 2013 | 6,693 million SLC | +6.3% |
| 2014 | 6,513 million SLC | -2.7% |
| 2015 | 7,531 million SLC | +15.6% |
| 2016 | 8,021 million SLC | +6.5% |
| 2017 | 8,289 million SLC | +3.3% |
| 2018 | 8,808 million SLC | +6.3% |
| 2019 | 8,773 million SLC | -0.4% |
| 2020 | 8,434 million SLC | -3.9% |
| 2021 | 8,442 million SLC | +0.1% |
| 2022 | 7,955 million SLC | -5.8% |
| 2023 | 8,203 million SLC | +3.1% |
| 2024 | 8,344 million SLC | +1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4,600 million SLC | 3,554 million SLC | 5,686 million SLC | 10 |
| 1980s | 7,499 million SLC | 5,506 million SLC | 9,024 million SLC | 10 |
| 1990s | 3,817 million SLC | 2,003 million SLC | 8,338 million SLC | 10 |
| 2000s | 4,422 million SLC | 3,035 million SLC | 6,232 million SLC | 10 |
| 2010s | 7,253 million SLC | 5,664 million SLC | 8,808 million SLC | 10 |
| 2020s | 8,276 million SLC | 7,955 million SLC | 8,442 million SLC | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- GNI (current LCU), annual growth rate 3.35 % change on previous year (2019)
- GNI (current LCU), per unit of GDP 0.985 current LCU per US$ of GDP (2019)
- GNI (current LCU), per capita 9,094 current LCU per person (2019)
- Net primary income (Net income from abroad) (current US$), annual -5.36 % change on previous year (2019)
- Net primary income (Net income from abroad) (current LCU), annual -5.36 % change on previous year (2019)
- Taxes less subsidies on products (current US$), annual growth rate -50.13 % change on previous year (2020)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0071 current US$ per US$ of GDP (2020)
- Taxes less subsidies on products (current US$), per capita 68.18 current US$ per person (2020)
- Taxes less subsidies on products (current LCU), annual growth rate 122.26 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0071 current LCU per US$ of GDP (2020)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency, 2015 in Cuba?
- Gross fixed capital formation — value standard local currency, 2015 in Cuba was 8,344 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency, 2015 recorded in Cuba?
- The highest recorded value was 9,024 million SLC in 1985.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Cuba?
- The lowest recorded value was 2,003 million SLC in 1994.
- How does Cuba rank for gross fixed capital formation — value standard local currency, 2015?
- Cuba ranks 142nd out of 194 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in Cuba?
- Over the last ten years it is up 28.1%. The long-run trend across the full record is rising.
- 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 — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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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).