Gross Fixed Capital Formation — Value US$ in Cuba
Cuba: Gross Fixed Capital Formation — Value US$ was 15,390 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Cuba, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Cuba recorded 15,390 million USD for gross fixed capital formation — value us$ in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.2% on the previous year and up 161.2% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Cuba peaked at 15,390 million USD in 2024 and was at its lowest, 1,447 million USD, in 1970.
Cuba ranks 89th of 235 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.
Gross Fixed Capital Formation — Value US$ in Cuba, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,447 million USD | — |
| 1971 | 1,758 million USD | +21.5% |
| 1972 | 2,069 million USD | +17.7% |
| 1973 | 2,539 million USD | +22.8% |
| 1974 | 2,899 million USD | +14.2% |
| 1975 | 3,311 million USD | +14.2% |
| 1976 | 3,509 million USD | +6.0% |
| 1977 | 3,614 million USD | +3.0% |
| 1978 | 4,534 million USD | +25.4% |
| 1979 | 4,973 million USD | +9.7% |
| 1980 | 5,053 million USD | +1.6% |
| 1981 | 5,164 million USD | +2.2% |
| 1982 | 5,323 million USD | +3.1% |
| 1983 | 5,605 million USD | +5.3% |
| 1984 | 6,083 million USD | +8.5% |
| 1985 | 5,799 million USD | -4.7% |
| 1986 | 6,512 million USD | +12.3% |
| 1987 | 6,124 million USD | -6.0% |
| 1988 | 6,710 million USD | +9.6% |
| 1989 | 6,922 million USD | +3.2% |
| 1990 | 7,023 million USD | +1.5% |
| 1991 | 5,501 million USD | -21.7% |
| 1992 | 3,447 million USD | -37.3% |
| 1993 | 3,060 million USD | -11.2% |
| 1994 | 2,331 million USD | -23.8% |
| 1995 | 2,359 million USD | +1.2% |
| 1996 | 2,919 million USD | +23.7% |
| 1997 | 2,979 million USD | +2.1% |
| 1998 | 3,122 million USD | +4.8% |
| 1999 | 3,291 million USD | +5.4% |
| 2000 | 3,630 million USD | +10.3% |
| 2001 | 3,417 million USD | -5.9% |
| 2002 | 3,074 million USD | -10.0% |
| 2003 | 2,945 million USD | -4.2% |
| 2004 | 3,238 million USD | +9.9% |
| 2005 | 3,822 million USD | +18.0% |
| 2006 | 5,486 million USD | +43.6% |
| 2007 | 5,678 million USD | +3.5% |
| 2008 | 6,584 million USD | +15.9% |
| 2009 | 5,386 million USD | -18.2% |
| 2010 | 5,562 million USD | +3.3% |
| 2011 | 5,360 million USD | -3.6% |
| 2012 | 5,676 million USD | +5.9% |
| 2013 | 6,360 million USD | +12.0% |
| 2014 | 5,891 million USD | -7.4% |
| 2015 | 7,537 million USD | +27.9% |
| 2016 | 8,051 million USD | +6.8% |
| 2017 | 9,564 million USD | +18.8% |
| 2018 | 11,453 million USD | +19.8% |
| 2019 | 11,596 million USD | +1.2% |
| 2020 | 10,536 million USD | -9.1% |
| 2021 | 9,914 million USD | -5.9% |
| 2022 | 8,846 million USD | -10.8% |
| 2023 | 14,910 million USD | +68.6% |
| 2024 | 15,390 million USD | +3.2% |
Cuba compared with similar countries
- Cuba's 15,390 million USD is above the median for upper middle income countries, which is 8,136 million USD, 1.9× the median. (54 countries reporting)
- Cuba's 15,390 million USD is above the median for Latin America & Caribbean, which is 3,605 million USD, 4.3× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3,065 million USD | 1,447 million USD | 4,973 million USD | 10 |
| 1980s | 5,930 million USD | 5,053 million USD | 6,922 million USD | 10 |
| 1990s | 3,603 million USD | 2,331 million USD | 7,023 million USD | 10 |
| 2000s | 4,326 million USD | 2,945 million USD | 6,584 million USD | 10 |
| 2010s | 7,705 million USD | 5,360 million USD | 11,596 million USD | 10 |
| 2020s | 11,919 million USD | 8,846 million USD | 15,390 million USD | 5 |
Countries ranked near Cuba
- 86 Puerto Rico 17,884 million USD compare
- 87 Belarus 17,365 million USD compare
- 88 Sudan 16,312 million USD compare
- 90 Costa Rica 15,096 million USD compare
- 91 Czechoslovakia 14,678 million USD compare
- 92 Luxembourg 14,613 million USD compare
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$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Cuba?
- Gross fixed capital formation — value us$ in Cuba was 15,390 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Cuba?
- The highest recorded value was 15,390 million USD in 2024.
- What is the lowest gross fixed capital formation — value us$ recorded in Cuba?
- The lowest recorded value was 1,447 million USD in 1970.
- How does Cuba rank for gross fixed capital formation — value us$?
- Cuba ranks 89th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$ 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 US$. Statizoid updates them automatically from the source API.
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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).