Gross Fixed Capital Formation — Value Standard Local Currency in Cuba
Cuba: Gross Fixed Capital Formation — Value Standard Local Currency was 15,390 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Cuba, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross fixed capital formation — value standard local currency in Cuba stood at 15,390 million SLC. That is the highest value across all 55 years on record.
The figure is up 3.2% on the previous year and up 161.2% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Cuba peaked at 15,390 million SLC in 2024 and was at its lowest, 1,447 million SLC, in 1970.
Cuba ranks 152nd of 214 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2,538 million SLC | 1,447 million SLC | 3,630 million SLC | 10 |
| 1980s | 4,865 million SLC | 3,638 million SLC | 5,427 million SLC | 10 |
| 1990s | 3,001 million SLC | 1,725 million SLC | 5,281 million SLC | 10 |
| 2000s | 4,326 million SLC | 2,945 million SLC | 6,584 million SLC | 10 |
| 2010s | 7,700 million SLC | 5,320 million SLC | 11,596 million SLC | 10 |
| 2020s | 11,919 million SLC | 8,846 million SLC | 15,390 million SLC | 5 |
Countries ranked near Cuba
- 149 Azerbaijan 18,093 million SLC compare
- 150 Puerto Rico 17,884 million SLC compare
- 151 Lithuania 17,718 million SLC compare
- 153 Eswatini 14,107 million SLC compare
- 154 Luxembourg 13,501 million SLC compare
- 155 Slovenia 13,435 million SLC compare
More economy & growth data for Cuba
- External balance on goods and services as a percent of gdp -39.92 (2024)
- Gdp per capita worldbank constant usd 7,381 (2024)
- Manufacturing value added to gdp 10.68 (2024)
- Gdp worldbank constant usd 81.05 billion (2024)
- Gdp per capita in international and market dollars 7,381 (2024)
- DEC alternative conversion factor 1 LCU per US$ (2020)
- Net secondary income (Net current transfers from abroad) 1.89 billion current LCU (2019)
- Net secondary income (Net current transfers from abroad) 1.89 billion current US$ (2019)
- Taxes less subsidies on products 16.49 billion current LCU (2024)
- Taxes less subsidies on products 762.00 million current US$ (2020)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Cuba?
- Gross fixed capital formation — value standard local currency in Cuba was 15,390 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 recorded in Cuba?
- The highest recorded value was 15,390 million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Cuba?
- The lowest recorded value was 1,447 million SLC in 1970.
- How does Cuba rank for gross fixed capital formation — value standard local currency?
- Cuba ranks 152nd out of 214 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Cuba?
- Over the last ten years it is up 161.2%. The long-run trend across the full record is volatile.
- 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. 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).