Gross value added at basic prices (GVA) (current LCU), annual growth in Cuba
Cuba: Gross value added at basic prices (GVA) (current LCU), annual growth was 29.99 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (current LCU), annual growth in Cuba, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Cuba recorded 29.99 % change on previous year for gross value added at basic prices (gva) (current lcu), annual growth in 2024.
Compared with earlier readings it is down 2.9% on the previous year and up 540.2% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), annual growth in Cuba peaked at 407.37 % change on previous year in 2021 and was at its lowest, -14.79 % change on previous year, in 1991.
Cuba ranks 11th of 205 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current LCU), annual growth in Cuba, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 21.45 % change on previous year | — |
| 1972 | 12.12 % change on previous year | -43.5% |
| 1973 | 6.81 % change on previous year | -43.8% |
| 1974 | 12.99 % change on previous year | +90.8% |
| 1975 | 14.17 % change on previous year | +9.1% |
| 1976 | 5.95 % change on previous year | -58.0% |
| 1977 | 4.17 % change on previous year | -29.9% |
| 1978 | 16.6 % change on previous year | +297.7% |
| 1979 | 4.15 % change on previous year | -75.0% |
| 1980 | -0.0545 % change on previous year | -101.3% |
| 1981 | 16.69 % change on previous year | -30699.8% |
| 1982 | 6.78 % change on previous year | -59.4% |
| 1983 | 7.34 % change on previous year | +8.3% |
| 1984 | 11.07 % change on previous year | +50.9% |
| 1985 | -3.1 % change on previous year | -128.0% |
| 1986 | -2 % change on previous year | -35.5% |
| 1987 | -0.3786 % change on previous year | -81.1% |
| 1988 | 5.01 % change on previous year | -1424.4% |
| 1989 | 2.11 % change on previous year | -58.0% |
| 1990 | 2.36 % change on previous year | +11.9% |
| 1991 | -14.79 % change on previous year | -727.1% |
| 1992 | -9.58 % change on previous year | -35.2% |
| 1993 | -0.2069 % change on previous year | -97.8% |
| 1994 | 12.43 % change on previous year | -6107.1% |
| 1995 | 7.86 % change on previous year | -36.7% |
| 1996 | 31.67 % change on previous year | +302.7% |
| 1997 | 1.57 % change on previous year | -95.0% |
| 1998 | 1.38 % change on previous year | -12.2% |
| 1999 | 10.25 % change on previous year | +642.7% |
| 2000 | 7.84 % change on previous year | -23.5% |
| 2001 | 3.68 % change on previous year | -53.1% |
| 2002 | 6.37 % change on previous year | +73.2% |
| 2003 | 6.79 % change on previous year | +6.6% |
| 2004 | 6.41 % change on previous year | -5.7% |
| 2005 | 11.48 % change on previous year | +79.2% |
| 2006 | 23.73 % change on previous year | +106.7% |
| 2007 | 11.1 % change on previous year | -53.2% |
| 2008 | 3.39 % change on previous year | -69.4% |
| 2009 | 2.57 % change on previous year | -24.2% |
| 2010 | 3.61 % change on previous year | +40.3% |
| 2011 | 7.13 % change on previous year | +97.6% |
| 2012 | 6.02 % change on previous year | -15.5% |
| 2013 | 5.45 % change on previous year | -9.6% |
| 2014 | 4.68 % change on previous year | -14.0% |
| 2015 | 8 % change on previous year | +70.8% |
| 2016 | 4.84 % change on previous year | -39.5% |
| 2017 | 6.05 % change on previous year | +24.8% |
| 2018 | 3.2 % change on previous year | -47.1% |
| 2019 | 3.01 % change on previous year | -6.0% |
| 2020 | 4.6 % change on previous year | +53.0% |
| 2021 | 407.37 % change on previous year | +8751.0% |
| 2022 | 16.1 % change on previous year | -96.0% |
| 2023 | 30.88 % change on previous year | +91.8% |
| 2024 | 29.99 % change on previous year | -2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.94 % change on previous year | 4.15 % change on previous year | 21.45 % change on previous year | 9 |
| 1980s | 4.35 % change on previous year | -3.1 % change on previous year | 16.69 % change on previous year | 10 |
| 1990s | 4.29 % change on previous year | -14.79 % change on previous year | 31.67 % change on previous year | 10 |
| 2000s | 8.34 % change on previous year | 2.57 % change on previous year | 23.73 % change on previous year | 10 |
| 2010s | 5.2 % change on previous year | 3.01 % change on previous year | 8 % change on previous year | 10 |
| 2020s | 97.79 % change on previous year | 4.6 % change on previous year | 407.37 % change on previous year | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- 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 unit of 0.4684 constant LCU per US$ of GDP (2020)
- 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) (current lcu), annual growth in Cuba?
- Gross value added at basic prices (gva) (current lcu), annual growth in Cuba was 29.99 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), annual growth recorded in Cuba?
- The highest recorded value was 407.37 % change on previous year in 2021.
- What is the lowest gross value added at basic prices (gva) (current lcu), annual growth recorded in Cuba?
- The lowest recorded value was -14.79 % change on previous year in 1991.
- How does Cuba rank for gross value added at basic prices (gva) (current lcu), annual growth?
- Cuba ranks 11th out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current lcu), annual growth rising or falling in Cuba?
- Over the last ten years it is up 540.2%. 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) (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current 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 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
The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.