Gross value added at basic prices (GVA) (constant 2015 US$) in Cuba
Cuba: Gross value added at basic prices (GVA) (constant 2015 US$) was 80.71 billion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
80.71 billion constant 2015 US$
Change on year
down 1.0%
World rank
67th
of 194 countries
All-time high
90.55 billion constant 2015 US$
in 2018
All-time low
22.88 billion constant 2015 US$
in 1970
Years of data
55
1970–2024
Gross value added at basic prices (GVA) in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross value added at basic prices (gva) in Cuba is 80.71 billion constant 2015 US$, measured in 2024.
That represents a change of down 1.0% on the previous year and down 2.3% over ten years.
Over the whole period, gross value added at basic prices (gva) in Cuba peaked at 90.55 billion constant 2015 US$ in 2018 and was at its lowest, 22.88 billion constant 2015 US$, in 1970.
Cuba ranks 67th of 194 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross value added at basic prices (GVA) (constant 2015 US$) in Cuba, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 22.88 billion constant 2015 US$ | — |
| 1971 | 24.84 billion constant 2015 US$ | +8.6% |
| 1972 | 26.04 billion constant 2015 US$ | +4.8% |
| 1973 | 26.94 billion constant 2015 US$ | +3.4% |
| 1974 | 27.21 billion constant 2015 US$ | +1.0% |
| 1975 | 29.78 billion constant 2015 US$ | +9.5% |
| 1976 | 31.39 billion constant 2015 US$ | +5.4% |
| 1977 | 34.13 billion constant 2015 US$ | +8.7% |
| 1978 | 36.39 billion constant 2015 US$ | +6.6% |
| 1979 | 36.82 billion constant 2015 US$ | +1.2% |
| 1980 | 34.97 billion constant 2015 US$ | -5.0% |
| 1981 | 41.85 billion constant 2015 US$ | +19.7% |
| 1982 | 45.62 billion constant 2015 US$ | +9.0% |
| 1983 | 48.17 billion constant 2015 US$ | +5.6% |
| 1984 | 52.16 billion constant 2015 US$ | +8.3% |
| 1985 | 52.19 billion constant 2015 US$ | +0.1% |
| 1986 | 52.72 billion constant 2015 US$ | +1.0% |
| 1987 | 51.76 billion constant 2015 US$ | -1.8% |
| 1988 | 53.97 billion constant 2015 US$ | +4.3% |
| 1989 | 54.94 billion constant 2015 US$ | +1.8% |
| 1990 | 53.97 billion constant 2015 US$ | -1.8% |
| 1991 | 47.73 billion constant 2015 US$ | -11.6% |
| 1992 | 41.60 billion constant 2015 US$ | -12.8% |
| 1993 | 35.63 billion constant 2015 US$ | -14.4% |
| 1994 | 35.34 billion constant 2015 US$ | -0.8% |
| 1995 | 35.94 billion constant 2015 US$ | +1.7% |
| 1996 | 38.97 billion constant 2015 US$ | +8.4% |
| 1997 | 40.08 billion constant 2015 US$ | +2.8% |
| 1998 | 40.14 billion constant 2015 US$ | +0.2% |
| 1999 | 42.66 billion constant 2015 US$ | +6.3% |
| 2000 | 45.20 billion constant 2015 US$ | +5.9% |
| 2001 | 46.67 billion constant 2015 US$ | +3.3% |
| 2002 | 47.34 billion constant 2015 US$ | +1.4% |
| 2003 | 49.09 billion constant 2015 US$ | +3.7% |
| 2004 | 51.84 billion constant 2015 US$ | +5.6% |
| 2005 | 57.61 billion constant 2015 US$ | +11.1% |
| 2006 | 64.45 billion constant 2015 US$ | +11.9% |
| 2007 | 69.22 billion constant 2015 US$ | +7.4% |
| 2008 | 72.04 billion constant 2015 US$ | +4.1% |
| 2009 | 73.51 billion constant 2015 US$ | +2.0% |
| 2010 | 75.25 billion constant 2015 US$ | +2.4% |
| 2011 | 77.15 billion constant 2015 US$ | +2.5% |
| 2012 | 79.52 billion constant 2015 US$ | +3.1% |
| 2013 | 81.66 billion constant 2015 US$ | +2.7% |
| 2014 | 82.63 billion constant 2015 US$ | +1.2% |
| 2015 | 86.22 billion constant 2015 US$ | +4.3% |
| 2016 | 86.85 billion constant 2015 US$ | +0.7% |
| 2017 | 88.58 billion constant 2015 US$ | +2.0% |
| 2018 | 90.55 billion constant 2015 US$ | +2.2% |
| 2019 | 90.45 billion constant 2015 US$ | -0.1% |
| 2020 | 80.51 billion constant 2015 US$ | -11.0% |
| 2021 | 81.56 billion constant 2015 US$ | +1.3% |
| 2022 | 83.08 billion constant 2015 US$ | +1.9% |
| 2023 | 81.53 billion constant 2015 US$ | -1.9% |
| 2024 | 80.71 billion constant 2015 US$ | -1.0% |
Cuba compared with similar countries
- Cuba's 80.71 billion constant 2015 US$ is above the median for upper middle income countries, which is 45.40 billion constant 2015 US$, 1.8× the median. (57 countries reporting)
- Cuba's 80.71 billion constant 2015 US$ is above the median for Latin America & Caribbean, which is 23.67 billion constant 2015 US$, 3.4× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29.64 billion constant 2015 US$ | 22.88 billion constant 2015 US$ | 36.82 billion constant 2015 US$ | 10 |
| 1980s | 48.84 billion constant 2015 US$ | 34.97 billion constant 2015 US$ | 54.94 billion constant 2015 US$ | 10 |
| 1990s | 41.21 billion constant 2015 US$ | 35.34 billion constant 2015 US$ | 53.97 billion constant 2015 US$ | 10 |
| 2000s | 57.70 billion constant 2015 US$ | 45.20 billion constant 2015 US$ | 73.51 billion constant 2015 US$ | 10 |
| 2010s | 83.89 billion constant 2015 US$ | 75.25 billion constant 2015 US$ | 90.55 billion constant 2015 US$ | 10 |
| 2020s | 81.48 billion constant 2015 US$ | 80.51 billion constant 2015 US$ | 83.08 billion constant 2015 US$ | 5 |
Countries ranked near Cuba
- 64 Slovakia 96.60 billion constant 2015 US$ compare
- 65 Sri Lanka 89.77 billion constant 2015 US$ compare
- 66 Guatemala 81.73 billion constant 2015 US$ compare
- 68 Panama 78.22 billion constant 2015 US$ compare
- 69 Turkmenistan 75.24 billion constant 2015 US$ compare
- 70 Cote d'Ivoire 74.88 billion constant 2015 US$ 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) in Cuba?
- Gross value added at basic prices (gva) in Cuba was 80.71 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Cuba?
- The highest recorded value was 90.55 billion constant 2015 US$ in 2018.
- What is the lowest gross value added at basic prices (gva) recorded in Cuba?
- The lowest recorded value was 22.88 billion constant 2015 US$ in 1970.
- How does Cuba rank for gross value added at basic prices (gva)?
- Cuba ranks 67th out of 194 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Cuba?
- Over the last ten years it is down 2.3%. The long-run trend across the full record is rising.
- Where does this Cuba data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.