Gross value added at basic prices (GVA) (constant) … unit GDP 2015 in Cuba
Cuba: Gross value added at basic prices (GVA) (constant) … unit GDP 2015 was 0.7499 constant 2015 US$ per US$ of GDP in 2020. ▼ Falling
Gross value added at basic prices (GVA) (constant 2015 US$), per unit in Cuba, 1970–2020
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
Cuba recorded 0.7499 constant 2015 US$ per US$ of GDP for gross value added at basic prices (gva) (constant 2015 us$), per unit in 2020. That is the lowest value across all 51 years on record.
The figure is down 14.2% on the previous year and down 40.6% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant 2015 us$), per unit in Cuba peaked at 4.02 constant 2015 US$ per US$ of GDP in 1970 and was at its lowest, 0.7499 constant 2015 US$ per US$ of GDP, in 2020.
That places Cuba 90th out of 193 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 51 years of available data.
Gross value added at basic prices (GVA) (constant) … unit GDP 2015 in Cuba, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1970 | 4.02 constant 2015 US$ per US$ of GDP | — |
| 1971 | 3.59 constant 2015 US$ per US$ of GDP | -10.6% |
| 1972 | 3.2 constant 2015 US$ per US$ of GDP | -10.9% |
| 1973 | 2.7 constant 2015 US$ per US$ of GDP | -15.7% |
| 1974 | 2.39 constant 2015 US$ per US$ of GDP | -11.6% |
| 1975 | 2.29 constant 2015 US$ per US$ of GDP | -4.2% |
| 1976 | 2.28 constant 2015 US$ per US$ of GDP | -0.4% |
| 1977 | 2.4 constant 2015 US$ per US$ of GDP | +5.5% |
| 1978 | 2.04 constant 2015 US$ per US$ of GDP | -15.1% |
| 1979 | 1.88 constant 2015 US$ per US$ of GDP | -7.8% |
| 1980 | 1.76 constant 2015 US$ per US$ of GDP | -6.6% |
| 1981 | 2.08 constant 2015 US$ per US$ of GDP | +18.3% |
| 1982 | 2.18 constant 2015 US$ per US$ of GDP | +4.8% |
| 1983 | 2.17 constant 2015 US$ per US$ of GDP | -0.4% |
| 1984 | 2.17 constant 2015 US$ per US$ of GDP | +0.0% |
| 1985 | 2.28 constant 2015 US$ per US$ of GDP | +4.9% |
| 1986 | 2.18 constant 2015 US$ per US$ of GDP | -4.4% |
| 1987 | 2.05 constant 2015 US$ per US$ of GDP | -5.7% |
| 1988 | 1.97 constant 2015 US$ per US$ of GDP | -4.2% |
| 1989 | 2.03 constant 2015 US$ per US$ of GDP | +3.4% |
| 1990 | 1.88 constant 2015 US$ per US$ of GDP | -7.3% |
| 1991 | 1.96 constant 2015 US$ per US$ of GDP | +4.2% |
| 1992 | 1.88 constant 2015 US$ per US$ of GDP | -4.0% |
| 1993 | 1.59 constant 2015 US$ per US$ of GDP | -15.4% |
| 1994 | 1.24 constant 2015 US$ per US$ of GDP | -22.0% |
| 1995 | 1.18 constant 2015 US$ per US$ of GDP | -4.9% |
| 1996 | 1.56 constant 2015 US$ per US$ of GDP | +31.9% |
| 1997 | 1.58 constant 2015 US$ per US$ of GDP | +1.4% |
| 1998 | 1.56 constant 2015 US$ per US$ of GDP | -1.3% |
| 1999 | 1.5 constant 2015 US$ per US$ of GDP | -3.6% |
| 2000 | 1.48 constant 2015 US$ per US$ of GDP | -1.7% |
| 2001 | 1.47 constant 2015 US$ per US$ of GDP | -0.4% |
| 2002 | 1.41 constant 2015 US$ per US$ of GDP | -4.3% |
| 2003 | 1.37 constant 2015 US$ per US$ of GDP | -3.0% |
| 2004 | 1.36 constant 2015 US$ per US$ of GDP | -0.8% |
| 2005 | 1.35 constant 2015 US$ per US$ of GDP | -0.4% |
| 2006 | 1.32 constant 2015 US$ per US$ of GDP | -2.3% |
| 2007 | 1.28 constant 2015 US$ per US$ of GDP | -3.3% |
| 2008 | 1.28 constant 2015 US$ per US$ of GDP | +0.3% |
| 2009 | 1.28 constant 2015 US$ per US$ of GDP | -0.1% |
| 2010 | 1.26 constant 2015 US$ per US$ of GDP | -1.2% |
| 2011 | 1.12 constant 2015 US$ per US$ of GDP | -11.5% |
| 2012 | 1.09 constant 2015 US$ per US$ of GDP | -2.8% |
| 2013 | 1.06 constant 2015 US$ per US$ of GDP | -2.7% |
| 2014 | 1.02 constant 2015 US$ per US$ of GDP | -3.2% |
| 2015 | 0.9895 constant 2015 US$ per US$ of GDP | -3.4% |
| 2016 | 0.9506 constant 2015 US$ per US$ of GDP | -3.9% |
| 2017 | 0.9146 constant 2015 US$ per US$ of GDP | -3.8% |
| 2018 | 0.9051 constant 2015 US$ per US$ of GDP | -1.0% |
| 2019 | 0.8745 constant 2015 US$ per US$ of GDP | -3.4% |
| 2020 | 0.7499 constant 2015 US$ per US$ of GDP | -14.2% |
Cuba compared with similar countries
- Cuba's 0.7499 constant 2015 US$ per US$ of GDP is above the median for upper middle income countries, which is 0.7262 constant 2015 US$ per US$ of GDP, 1.0× the median. (57 countries reporting)
- Cuba's 0.7499 constant 2015 US$ per US$ of GDP is above the median for Latin America & Caribbean, which is 0.7338 constant 2015 US$ per US$ of GDP, 1.0× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) (constant) … unit GDP 2015 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 |
|---|---|---|---|
| 1996 | +31.9% | 1.18 constant 2015 US$ per US$ of GDP | 1.56 constant 2015 US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.68 constant 2015 US$ per US$ of GDP | 1.88 constant 2015 US$ per US$ of GDP | 4.02 constant 2015 US$ per US$ of GDP | 10 |
| 1980s | 2.09 constant 2015 US$ per US$ of GDP | 1.76 constant 2015 US$ per US$ of GDP | 2.28 constant 2015 US$ per US$ of GDP | 10 |
| 1990s | 1.59 constant 2015 US$ per US$ of GDP | 1.18 constant 2015 US$ per US$ of GDP | 1.96 constant 2015 US$ per US$ of GDP | 10 |
| 2000s | 1.36 constant 2015 US$ per US$ of GDP | 1.28 constant 2015 US$ per US$ of GDP | 1.48 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 1.02 constant 2015 US$ per US$ of GDP | 0.8745 constant 2015 US$ per US$ of GDP | 1.26 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.7499 constant 2015 US$ per US$ of GDP | 0.7499 constant 2015 US$ per US$ of GDP | 0.7499 constant 2015 US$ per US$ of GDP | 1 |
Countries ranked near Cuba
- 87 Turkey 0.7537 constant 2015 US$ per US$ of GDP compare
- 88 Cote d'Ivoire 0.7505 constant 2015 US$ per US$ of GDP compare
- 89 Niger 0.7501 constant 2015 US$ per US$ of GDP compare
- 91 Namibia 0.7491 constant 2015 US$ per US$ of GDP compare
- 92 Seychelles 0.7461 constant 2015 US$ per US$ of GDP compare
- 93 Chile 0.7458 constant 2015 US$ per US$ of GDP compare
More economy & growth data for Cuba
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, US dollar, per capita 0 units per person (2016)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, SDR, per capita 0 units per person (2016)
- IMF holdings of currency, US dollar, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, US dollar, per capita 0 units per person (2016)
- IMF holdings of currency, SDR, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, SDR, per capita 0 units per person (2016)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant 2015 us$), per unit in Cuba?
- Gross value added at basic prices (gva) (constant 2015 us$), per unit in Cuba was 0.7499 constant 2015 US$ per US$ of GDP in 2020, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant 2015 us$), per unit recorded in Cuba?
- The highest recorded value was 4.02 constant 2015 US$ per US$ of GDP in 1970.
- What is the lowest gross value added at basic prices (gva) (constant 2015 us$), per unit recorded in Cuba?
- The lowest recorded value was 0.7499 constant 2015 US$ per US$ of GDP in 2020.
- How does Cuba rank for gross value added at basic prices (gva) (constant 2015 us$), per unit?
- Cuba ranks 90th out of 193 countries with data for 2020.
- Is gross value added at basic prices (gva) (constant 2015 us$), per unit rising or falling in Cuba?
- Over the last ten years it is down 40.6%. The long-run trend across the full record is falling.
- Where does this Cuba data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross value added at basic prices (GVA) (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross value added at basic prices (GVA) (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.