Gross National Income — Value Standard Local Currency in Cuba
Cuba: Gross National Income — Value Standard Local Currency was 198,580 million SLC in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency in Cuba, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Cuba recorded 198,580 million SLC for gross national income — value standard local currency in 2023. That is the highest value across all 54 years on record.
The figure is up 37.3% on the previous year and up 160.5% over ten years.
Over the whole period, gross national income — value standard local currency in Cuba peaked at 198,580 million SLC in 2023 and was at its lowest, 5,584 million SLC, in 1970.
That places Cuba 124th out of 202 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross National Income — Value Standard Local Currency in Cuba, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 5,584 million SLC | — |
| 1971 | 6,782 million SLC | +21.5% |
| 1972 | 7,604 million SLC | +12.1% |
| 1973 | 8,121 million SLC | +6.8% |
| 1974 | 9,174 million SLC | +13.0% |
| 1975 | 10,478 million SLC | +14.2% |
| 1976 | 11,104 million SLC | +6.0% |
| 1977 | 11,565 million SLC | +4.1% |
| 1978 | 13,477 million SLC | +16.5% |
| 1979 | 14,025 million SLC | +4.1% |
| 1980 | 14,063 million SLC | +0.3% |
| 1981 | 16,402 million SLC | +16.6% |
| 1982 | 17,466 million SLC | +6.5% |
| 1983 | 18,712 million SLC | +7.1% |
| 1984 | 20,730 million SLC | +10.8% |
| 1985 | 20,577 million SLC | -0.7% |
| 1986 | 19,791 million SLC | -3.8% |
| 1987 | 19,433 million SLC | -1.8% |
| 1988 | 20,460 million SLC | +5.3% |
| 1989 | 20,756 million SLC | +1.4% |
| 1990 | 21,082 million SLC | +1.6% |
| 1991 | 17,484 million SLC | -17.1% |
| 1992 | 16,103 million SLC | -7.9% |
| 1993 | 16,296 million SLC | +1.2% |
| 1994 | 20,719 million SLC | +27.1% |
| 1995 | 23,305 million SLC | +12.5% |
| 1996 | 24,524 million SLC | +5.2% |
| 1997 | 24,883 million SLC | +1.5% |
| 1998 | 25,288 million SLC | +1.6% |
| 1999 | 27,850 million SLC | +10.1% |
| 2000 | 29,943 million SLC | +7.5% |
| 2001 | 31,180 million SLC | +4.1% |
| 2002 | 33,083 million SLC | +6.1% |
| 2003 | 35,341 million SLC | +6.8% |
| 2004 | 37,554 million SLC | +6.3% |
| 2005 | 42,011 million SLC | +11.9% |
| 2006 | 52,125 million SLC | +24.1% |
| 2007 | 57,644 million SLC | +10.6% |
| 2008 | 59,751 million SLC | +3.7% |
| 2009 | 60,437 million SLC | +1.1% |
| 2010 | 62,896 million SLC | +4.1% |
| 2011 | 67,926 million SLC | +8.0% |
| 2012 | 72,146 million SLC | +6.2% |
| 2013 | 76,226 million SLC | +5.7% |
| 2014 | 79,602 million SLC | +4.4% |
| 2015 | 86,014 million SLC | +8.1% |
| 2016 | 90,086 million SLC | +4.7% |
| 2017 | 95,497 million SLC | +6.0% |
| 2018 | 98,575 million SLC | +3.2% |
| 2019 | 101,515 million SLC | +3.0% |
| 2020 | 105,542 million SLC | +4.0% |
| 2021 | 124,558 million SLC | +18.0% |
| 2022 | 144,633 million SLC | +16.1% |
| 2023 | 198,580 million SLC | +37.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9,791 million SLC | 5,584 million SLC | 14,025 million SLC | 10 |
| 1980s | 18,839 million SLC | 14,063 million SLC | 20,756 million SLC | 10 |
| 1990s | 21,754 million SLC | 16,103 million SLC | 27,850 million SLC | 10 |
| 2000s | 43,907 million SLC | 29,943 million SLC | 60,437 million SLC | 10 |
| 2010s | 83,048 million SLC | 62,896 million SLC | 101,515 million SLC | 10 |
| 2020s | 143,328 million SLC | 105,542 million SLC | 198,580 million SLC | 4 |
Countries ranked near Cuba
- 121 Libya 212,206 million SLC compare
- 122 Belarus 208,751 million SLC compare
- 123 Turkmenistan 207,837 million SLC compare
- 125 Bulgaria 176,169 million SLC compare
- 126 Tajikistan 173,468 million SLC compare
- 127 Trinidad and Tobago 165,664 million SLC compare
More economy & growth data for Cuba
- Gross value added at basic prices (GVA) (current US$), annual growth 4.6 % change on previous year (2020)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9929 current US$ per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (current US$), per capita 9,537 current US$ per person (2020)
- Gross value added at basic prices (GVA) (current LCU), annual growth 29.99 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9929 current LCU per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (current LCU), per capita 97,292 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual -1.01 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7499 constant 2015 US$ per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 7,350 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth -1.01 % change on previous year (2024)
Frequently asked questions
- What is gross national income — value standard local currency in Cuba?
- Gross national income — value standard local currency in Cuba was 198,580 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — value standard local currency recorded in Cuba?
- The highest recorded value was 198,580 million SLC in 2023.
- What is the lowest gross national income — value standard local currency recorded in Cuba?
- The lowest recorded value was 5,584 million SLC in 1970.
- How does Cuba rank for gross national income — value standard local currency?
- Cuba ranks 124th out of 202 countries with data for 2023.
- Is gross national income — value standard local currency rising or falling in Cuba?
- Over the last ten years it is up 160.5%. 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 National Income — Value Standard Local Currency. 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).