Gross Fixed Capital Formation — Value US$, 2015 prices in Cuba
Cuba: Gross Fixed Capital Formation — Value US$, 2015 prices was 8,351 million USD in 2024. ▲ Rising
Gross Fixed Capital Formation — Value US$, 2015 prices in Cuba, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross fixed capital formation — value us$, 2015 prices in Cuba is 8,351 million USD, measured 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 us$, 2015 prices in Cuba peaked at 9,031 million USD in 1985 and was at its lowest, 2,005 million USD, in 1994.
Cuba ranks 108th of 235 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation — Value US$, 2015 prices in Cuba, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 3,557 million USD | — |
| 1971 | 3,864 million USD | +8.6% |
| 1972 | 4,050 million USD | +4.8% |
| 1973 | 4,186 million USD | +3.4% |
| 1974 | 4,224 million USD | +0.9% |
| 1975 | 4,635 million USD | +9.7% |
| 1976 | 4,891 million USD | +5.5% |
| 1977 | 5,304 million USD | +8.4% |
| 1978 | 5,636 million USD | +6.3% |
| 1979 | 5,690 million USD | +1.0% |
| 1980 | 5,511 million USD | -3.2% |
| 1981 | 6,550 million USD | +18.8% |
| 1982 | 7,002 million USD | +6.9% |
| 1983 | 7,330 million USD | +4.7% |
| 1984 | 7,985 million USD | +8.9% |
| 1985 | 9,031 million USD | +13.1% |
| 1986 | 7,963 million USD | -11.8% |
| 1987 | 7,159 million USD | -10.1% |
| 1988 | 7,863 million USD | +9.8% |
| 1989 | 8,659 million USD | +10.1% |
| 1990 | 8,345 million USD | -3.6% |
| 1991 | 6,630 million USD | -20.5% |
| 1992 | 3,894 million USD | -41.3% |
| 1993 | 2,770 million USD | -28.9% |
| 1994 | 2,005 million USD | -27.6% |
| 1995 | 2,101 million USD | +4.8% |
| 1996 | 2,880 million USD | +37.1% |
| 1997 | 3,044 million USD | +5.7% |
| 1998 | 3,174 million USD | +4.3% |
| 1999 | 3,356 million USD | +5.7% |
| 2000 | 3,677 million USD | +9.6% |
| 2001 | 3,573 million USD | -2.8% |
| 2002 | 3,254 million USD | -8.9% |
| 2003 | 3,037 million USD | -6.6% |
| 2004 | 3,257 million USD | +7.2% |
| 2005 | 3,927 million USD | +20.6% |
| 2006 | 5,659 million USD | +44.1% |
| 2007 | 5,796 million USD | +2.4% |
| 2008 | 6,237 million USD | +7.6% |
| 2009 | 5,843 million USD | -6.3% |
| 2010 | 5,668 million USD | -3.0% |
| 2011 | 5,945 million USD | +4.9% |
| 2012 | 6,303 million USD | +6.0% |
| 2013 | 6,698 million USD | +6.3% |
| 2014 | 6,518 million USD | -2.7% |
| 2015 | 7,537 million USD | +15.6% |
| 2016 | 8,028 million USD | +6.5% |
| 2017 | 8,296 million USD | +3.3% |
| 2018 | 8,816 million USD | +6.3% |
| 2019 | 8,780 million USD | -0.4% |
| 2020 | 8,441 million USD | -3.9% |
| 2021 | 8,449 million USD | +0.1% |
| 2022 | 7,962 million USD | -5.8% |
| 2023 | 8,210 million USD | +3.1% |
| 2024 | 8,351 million USD | +1.7% |
Cuba compared with similar countries
- Cuba's 8,351 million USD is above the median for upper middle income countries, which is 7,886 million USD, 1.1× the median. (54 countries reporting)
- Cuba's 8,351 million USD is above the median for Latin America & Caribbean, which is 2,959 million USD, 2.8× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value US$, 2015 prices in Cuba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | -41.3% | 6,630 million USD | 3,894 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4,604 million USD | 3,557 million USD | 5,690 million USD | 10 |
| 1980s | 7,505 million USD | 5,511 million USD | 9,031 million USD | 10 |
| 1990s | 3,820 million USD | 2,005 million USD | 8,345 million USD | 10 |
| 2000s | 4,426 million USD | 3,037 million USD | 6,237 million USD | 10 |
| 2010s | 7,259 million USD | 5,668 million USD | 8,816 million USD | 10 |
| 2020s | 8,283 million USD | 7,962 million USD | 8,449 million USD | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- General government final consumption expenditure (current US$) 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$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Cuba?
- Gross fixed capital formation — value us$, 2015 prices in Cuba was 8,351 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Cuba?
- The highest recorded value was 9,031 million USD in 1985.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Cuba?
- The lowest recorded value was 2,005 million USD in 1994.
- How does Cuba rank for gross fixed capital formation — value us$, 2015 prices?
- Cuba ranks 108th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Cuba?
- Over the last ten years it is up 28.1%. The long-run trend across the full record is rising.
- Where does this Cuba data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value US$, 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).