Gross value added at basic prices (GVA) … constant annual growth rate in Cuba
Cuba: Gross value added at basic prices (GVA) … constant annual growth rate was -1.01 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (constant LCU), annual growth in Cuba, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross value added at basic prices (gva) (constant lcu), annual growth in Cuba is -1.01 % change on previous year, measured in 2024.
The figure is up 46.3% on the previous year and down 183.9% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant lcu), annual growth in Cuba peaked at 19.68 % change on previous year in 1981 and was at its lowest, -14.35 % change on previous year, in 1993.
That places Cuba 186th out of 195 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) … constant annual growth rate in Cuba, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 8.58 % change on previous year | — |
| 1972 | 4.82 % change on previous year | -43.8% |
| 1973 | 3.44 % change on previous year | -28.7% |
| 1974 | 1 % change on previous year | -70.9% |
| 1975 | 9.46 % change on previous year | +844.8% |
| 1976 | 5.41 % change on previous year | -42.8% |
| 1977 | 8.71 % change on previous year | +61.0% |
| 1978 | 6.63 % change on previous year | -23.9% |
| 1979 | 1.17 % change on previous year | -82.4% |
| 1980 | -5.03 % change on previous year | -529.8% |
| 1981 | 19.68 % change on previous year | -491.6% |
| 1982 | 9.02 % change on previous year | -54.2% |
| 1983 | 5.59 % change on previous year | -38.0% |
| 1984 | 8.28 % change on previous year | +48.1% |
| 1985 | 0.0589 % change on previous year | -99.3% |
| 1986 | 1.02 % change on previous year | +1624.0% |
| 1987 | -1.84 % change on previous year | -280.7% |
| 1988 | 4.28 % change on previous year | -333.1% |
| 1989 | 1.79 % change on previous year | -58.1% |
| 1990 | -1.76 % change on previous year | -198.3% |
| 1991 | -11.56 % change on previous year | +556.2% |
| 1992 | -12.85 % change on previous year | +11.1% |
| 1993 | -14.35 % change on previous year | +11.7% |
| 1994 | -0.7981 % change on previous year | -94.4% |
| 1995 | 1.7 % change on previous year | -313.1% |
| 1996 | 8.42 % change on previous year | +395.0% |
| 1997 | 2.84 % change on previous year | -66.3% |
| 1998 | 0.1582 % change on previous year | -94.4% |
| 1999 | 6.29 % change on previous year | +3872.8% |
| 2000 | 5.95 % change on previous year | -5.4% |
| 2001 | 3.26 % change on previous year | -45.2% |
| 2002 | 1.43 % change on previous year | -56.1% |
| 2003 | 3.7 % change on previous year | +159.1% |
| 2004 | 5.6 % change on previous year | +51.1% |
| 2005 | 11.12 % change on previous year | +98.7% |
| 2006 | 11.89 % change on previous year | +6.9% |
| 2007 | 7.39 % change on previous year | -37.8% |
| 2008 | 4.07 % change on previous year | -44.9% |
| 2009 | 2.04 % change on previous year | -49.9% |
| 2010 | 2.37 % change on previous year | +16.2% |
| 2011 | 2.52 % change on previous year | +6.1% |
| 2012 | 3.08 % change on previous year | +22.4% |
| 2013 | 2.68 % change on previous year | -12.9% |
| 2014 | 1.2 % change on previous year | -55.3% |
| 2015 | 4.34 % change on previous year | +261.9% |
| 2016 | 0.7401 % change on previous year | -82.9% |
| 2017 | 1.99 % change on previous year | +168.3% |
| 2018 | 2.23 % change on previous year | +12.3% |
| 2019 | -0.1142 % change on previous year | -105.1% |
| 2020 | -10.99 % change on previous year | +9525.1% |
| 2021 | 1.31 % change on previous year | -111.9% |
| 2022 | 1.87 % change on previous year | +42.7% |
| 2023 | -1.87 % change on previous year | -200.3% |
| 2024 | -1.01 % change on previous year | -46.3% |
Cuba compared with similar countries
- Cuba's -1.01 % change on previous year is below the median for upper middle income countries, which is 3.16 % change on previous year. (57 countries reporting)
- Cuba's -1.01 % change on previous year is below the median for Latin America & Caribbean, which is 3.18 % change on previous year. (37 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) … constant annual growth rate 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 |
|---|---|---|---|
| 2020 | -9525.1% | -0.1142 % change on previous year | -10.99 % change on previous year |
| 1999 | +3872.8% | 0.1582 % change on previous year | 6.29 % change on previous year |
| 1986 | +1624.0% | 0.0589 % change on previous year | 1.02 % change on previous year |
| 1975 | +844.8% | 1 % change on previous year | 9.46 % change on previous year |
| 1991 | -556.2% | -1.76 % change on previous year | -11.56 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.47 % change on previous year | 1 % change on previous year | 9.46 % change on previous year | 9 |
| 1980s | 4.29 % change on previous year | -5.03 % change on previous year | 19.68 % change on previous year | 10 |
| 1990s | -2.19 % change on previous year | -14.35 % change on previous year | 8.42 % change on previous year | 10 |
| 2000s | 5.65 % change on previous year | 1.43 % change on previous year | 11.89 % change on previous year | 10 |
| 2010s | 2.1 % change on previous year | -0.1142 % change on previous year | 4.34 % change on previous year | 10 |
| 2020s | -2.14 % change on previous year | -10.99 % change on previous year | 1.87 % change on previous year | 5 |
Countries ranked near Cuba
- 183 New Zealand -0.7477 % change on previous year compare
- 184 Bolivia -0.7567 % change on previous year compare
- 185 Botswana -0.8345 % change on previous year compare
- 187 Myanmar -2.01 % change on previous year compare
- 188 Isle of Man -2.01 % change on previous year compare
- 189 Iraq -2.16 % change on previous year 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 lcu), annual growth in Cuba?
- Gross value added at basic prices (gva) (constant lcu), annual growth in Cuba was -1.01 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Cuba?
- The highest recorded value was 19.68 % change on previous year in 1981.
- What is the lowest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Cuba?
- The lowest recorded value was -14.35 % change on previous year in 1993.
- How does Cuba rank for gross value added at basic prices (gva) (constant lcu), annual growth?
- Cuba ranks 186th out of 195 countries with data for 2024.
- Is gross value added at basic prices (gva) (constant lcu), annual growth rising or falling in Cuba?
- Over the last ten years it is down 183.9%. The long-run trend across the full record is volatile.
- 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 LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
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
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.