Gross value added at basic prices (GVA) (constant LCU), per unit of in Cuba
Cuba: Gross value added at basic prices (GVA) (constant LCU), per unit of was 0.4684 constant LCU per US$ of GDP in 2020. ▼ Falling
Gross value added at basic prices (GVA) (constant LCU), per unit of in Cuba, 1970–2020
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
The most recent figure for gross value added at basic prices (gva) (constant lcu), per unit of in Cuba is 0.4684 constant LCU per US$ of GDP, measured in 2020. That is the lowest value across all 51 years on record.
Compared with earlier readings it 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 lcu), per unit of in Cuba peaked at 2.51 constant LCU per US$ of GDP in 1970 and was at its lowest, 0.4684 constant LCU per US$ of GDP, in 2020.
Cuba ranks 188th of 196 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 51 years of available data.
Gross value added at basic prices (GVA) (constant LCU), per unit of in Cuba, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 2.51 constant LCU per US$ of GDP | — |
| 1971 | 2.24 constant LCU per US$ of GDP | -10.6% |
| 1972 | 2 constant LCU per US$ of GDP | -10.9% |
| 1973 | 1.68 constant LCU per US$ of GDP | -15.7% |
| 1974 | 1.49 constant LCU per US$ of GDP | -11.6% |
| 1975 | 1.43 constant LCU per US$ of GDP | -4.2% |
| 1976 | 1.42 constant LCU per US$ of GDP | -0.4% |
| 1977 | 1.5 constant LCU per US$ of GDP | +5.5% |
| 1978 | 1.27 constant LCU per US$ of GDP | -15.1% |
| 1979 | 1.17 constant LCU per US$ of GDP | -7.8% |
| 1980 | 1.1 constant LCU per US$ of GDP | -6.6% |
| 1981 | 1.3 constant LCU per US$ of GDP | +18.3% |
| 1982 | 1.36 constant LCU per US$ of GDP | +4.8% |
| 1983 | 1.35 constant LCU per US$ of GDP | -0.4% |
| 1984 | 1.36 constant LCU per US$ of GDP | +0.0% |
| 1985 | 1.42 constant LCU per US$ of GDP | +4.9% |
| 1986 | 1.36 constant LCU per US$ of GDP | -4.4% |
| 1987 | 1.28 constant LCU per US$ of GDP | -5.7% |
| 1988 | 1.23 constant LCU per US$ of GDP | -4.2% |
| 1989 | 1.27 constant LCU per US$ of GDP | +3.4% |
| 1990 | 1.18 constant LCU per US$ of GDP | -7.3% |
| 1991 | 1.23 constant LCU per US$ of GDP | +4.2% |
| 1992 | 1.18 constant LCU per US$ of GDP | -4.0% |
| 1993 | 0.9948 constant LCU per US$ of GDP | -15.4% |
| 1994 | 0.7759 constant LCU per US$ of GDP | -22.0% |
| 1995 | 0.7377 constant LCU per US$ of GDP | -4.9% |
| 1996 | 0.9729 constant LCU per US$ of GDP | +31.9% |
| 1997 | 0.9867 constant LCU per US$ of GDP | +1.4% |
| 1998 | 0.9741 constant LCU per US$ of GDP | -1.3% |
| 1999 | 0.9394 constant LCU per US$ of GDP | -3.6% |
| 2000 | 0.9236 constant LCU per US$ of GDP | -1.7% |
| 2001 | 0.92 constant LCU per US$ of GDP | -0.4% |
| 2002 | 0.8802 constant LCU per US$ of GDP | -4.3% |
| 2003 | 0.854 constant LCU per US$ of GDP | -3.0% |
| 2004 | 0.8475 constant LCU per US$ of GDP | -0.8% |
| 2005 | 0.8437 constant LCU per US$ of GDP | -0.4% |
| 2006 | 0.8243 constant LCU per US$ of GDP | -2.3% |
| 2007 | 0.7967 constant LCU per US$ of GDP | -3.3% |
| 2008 | 0.7991 constant LCU per US$ of GDP | +0.3% |
| 2009 | 0.7987 constant LCU per US$ of GDP | -0.1% |
| 2010 | 0.7891 constant LCU per US$ of GDP | -1.2% |
| 2011 | 0.6984 constant LCU per US$ of GDP | -11.5% |
| 2012 | 0.679 constant LCU per US$ of GDP | -2.8% |
| 2013 | 0.661 constant LCU per US$ of GDP | -2.7% |
| 2014 | 0.6399 constant LCU per US$ of GDP | -3.2% |
| 2015 | 0.618 constant LCU per US$ of GDP | -3.4% |
| 2016 | 0.5937 constant LCU per US$ of GDP | -3.9% |
| 2017 | 0.5712 constant LCU per US$ of GDP | -3.8% |
| 2018 | 0.5653 constant LCU per US$ of GDP | -1.0% |
| 2019 | 0.5462 constant LCU per US$ of GDP | -3.4% |
| 2020 | 0.4684 constant LCU per US$ of GDP | -14.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.67 constant LCU per US$ of GDP | 1.17 constant LCU per US$ of GDP | 2.51 constant LCU per US$ of GDP | 10 |
| 1980s | 1.3 constant LCU per US$ of GDP | 1.1 constant LCU per US$ of GDP | 1.42 constant LCU per US$ of GDP | 10 |
| 1990s | 0.9961 constant LCU per US$ of GDP | 0.7377 constant LCU per US$ of GDP | 1.23 constant LCU per US$ of GDP | 10 |
| 2000s | 0.8488 constant LCU per US$ of GDP | 0.7967 constant LCU per US$ of GDP | 0.9236 constant LCU per US$ of GDP | 10 |
| 2010s | 0.6362 constant LCU per US$ of GDP | 0.5462 constant LCU per US$ of GDP | 0.7891 constant LCU per US$ of GDP | 10 |
| 2020s | 0.4684 constant LCU per US$ of GDP | 0.4684 constant LCU per US$ of GDP | 0.4684 constant LCU per US$ of GDP | 1 |
Countries ranked near Cuba
- 185 Estonia 0.5362 constant LCU per US$ of GDP compare
- 186 Bulgaria 0.4991 constant LCU per US$ of GDP compare
- 187 Micronesia (country) 0.477 constant LCU per US$ of GDP compare
- 189 Kosovo 0.4635 constant LCU per US$ of GDP compare
- 190 Montenegro 0.4215 constant LCU per US$ of GDP compare
- 191 Azerbaijan 0.4085 constant LCU per US$ of GDP compare
More economy & growth data for Cuba
- 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)
- Gross value added at basic prices (GVA) (constant LCU), per capita 4,591 constant LCU per person (2024)
- GDP (current US$), annual growth rate 3.79 % change on previous year (2020)
- GDP (current US$), per capita 9,605 current US$ per person (2020)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant lcu), per unit of in Cuba?
- Gross value added at basic prices (gva) (constant lcu), per unit of in Cuba was 0.4684 constant LCU per US$ of GDP in 2020, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), per unit of recorded in Cuba?
- The highest recorded value was 2.51 constant LCU per US$ of GDP in 1970.
- What is the lowest gross value added at basic prices (gva) (constant lcu), per unit of recorded in Cuba?
- The lowest recorded value was 0.4684 constant LCU per US$ of GDP in 2020.
- How does Cuba rank for gross value added at basic prices (gva) (constant lcu), per unit of?
- Cuba ranks 188th out of 196 countries with data for 2020.
- Is gross value added at basic prices (gva) (constant lcu), per unit of 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 LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross value added at basic prices (GVA) (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (constant LCU) ÷ GDP (current US$)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
- 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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.