Gross value added at basic prices (GVA) (current LCU) in Cuba
Cuba: Gross value added at basic prices (GVA) (current LCU) was 1.07 trillion current LCU in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross value added at basic prices (gva) in Cuba is 1.07 trillion current LCU, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 30.0% on the previous year and up 1,238.2% over ten years.
Over the whole period, gross value added at basic prices (gva) in Cuba peaked at 1.07 trillion current LCU in 2024 and was at its lowest, 5.18 billion current LCU, in 1970.
That places Cuba 99th out of 207 countries with data for 2024, putting it in the middle of the range.
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) in Cuba, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 5.18 billion current LCU | — |
| 1971 | 6.29 billion current LCU | +21.5% |
| 1972 | 7.05 billion current LCU | +12.1% |
| 1973 | 7.53 billion current LCU | +6.8% |
| 1974 | 8.51 billion current LCU | +13.0% |
| 1975 | 9.71 billion current LCU | +14.2% |
| 1976 | 10.29 billion current LCU | +6.0% |
| 1977 | 10.72 billion current LCU | +4.2% |
| 1978 | 12.50 billion current LCU | +16.6% |
| 1979 | 13.02 billion current LCU | +4.2% |
| 1980 | 13.01 billion current LCU | -0.1% |
| 1981 | 15.18 billion current LCU | +16.7% |
| 1982 | 16.21 billion current LCU | +6.8% |
| 1983 | 17.40 billion current LCU | +7.3% |
| 1984 | 19.33 billion current LCU | +11.1% |
| 1985 | 18.73 billion current LCU | -3.1% |
| 1986 | 18.36 billion current LCU | -2.0% |
| 1987 | 18.29 billion current LCU | -0.4% |
| 1988 | 19.21 billion current LCU | +5.0% |
| 1989 | 19.61 billion current LCU | +2.1% |
| 1990 | 20.07 billion current LCU | +2.4% |
| 1991 | 17.10 billion current LCU | -14.8% |
| 1992 | 15.46 billion current LCU | -9.6% |
| 1993 | 15.43 billion current LCU | -0.2% |
| 1994 | 17.35 billion current LCU | +12.4% |
| 1995 | 18.71 billion current LCU | +7.9% |
| 1996 | 24.64 billion current LCU | +31.7% |
| 1997 | 25.03 billion current LCU | +1.6% |
| 1998 | 25.38 billion current LCU | +1.4% |
| 1999 | 27.98 billion current LCU | +10.3% |
| 2000 | 30.17 billion current LCU | +7.8% |
| 2001 | 31.28 billion current LCU | +3.7% |
| 2002 | 33.27 billion current LCU | +6.4% |
| 2003 | 35.53 billion current LCU | +6.8% |
| 2004 | 37.81 billion current LCU | +6.4% |
| 2005 | 42.15 billion current LCU | +11.5% |
| 2006 | 52.15 billion current LCU | +23.7% |
| 2007 | 57.94 billion current LCU | +11.1% |
| 2008 | 59.91 billion current LCU | +3.4% |
| 2009 | 61.45 billion current LCU | +2.6% |
| 2010 | 63.67 billion current LCU | +3.6% |
| 2011 | 68.21 billion current LCU | +7.1% |
| 2012 | 72.32 billion current LCU | +6.0% |
| 2013 | 76.26 billion current LCU | +5.4% |
| 2014 | 79.83 billion current LCU | +4.7% |
| 2015 | 86.22 billion current LCU | +8.0% |
| 2016 | 90.39 billion current LCU | +4.8% |
| 2017 | 95.86 billion current LCU | +6.0% |
| 2018 | 98.92 billion current LCU | +3.2% |
| 2019 | 101.90 billion current LCU | +3.0% |
| 2020 | 106.59 billion current LCU | +4.6% |
| 2021 | 540.81 billion current LCU | +407.4% |
| 2022 | 627.89 billion current LCU | +16.1% |
| 2023 | 821.80 billion current LCU | +30.9% |
| 2024 | 1.07 trillion current LCU | +30.0% |
Cuba compared with similar countries
- Cuba's 1.07 trillion current LCU is above the median for upper middle income countries, which is 896.75 billion current LCU, 1.2× the median. (58 countries reporting)
- Cuba's 1.07 trillion current LCU is above the median for Latin America & Caribbean, which is 135.81 billion current LCU, 7.9× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) (current LCU) 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 |
|---|---|---|---|
| 2021 | +407.4% | 106.59 billion current LCU | 540.81 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.08 billion current LCU | 5.18 billion current LCU | 13.02 billion current LCU | 10 |
| 1980s | 17.53 billion current LCU | 13.01 billion current LCU | 19.61 billion current LCU | 10 |
| 1990s | 20.72 billion current LCU | 15.43 billion current LCU | 27.98 billion current LCU | 10 |
| 2000s | 44.17 billion current LCU | 30.17 billion current LCU | 61.45 billion current LCU | 10 |
| 2010s | 83.36 billion current LCU | 63.67 billion current LCU | 101.90 billion current LCU | 10 |
| 2020s | 633.07 billion current LCU | 106.59 billion current LCU | 1.07 trillion current LCU | 5 |
Countries ranked near Cuba
- 96 Ghana 1.34 trillion current LCU compare
- 97 Mozambique 1.28 trillion current LCU compare
- 98 Afghanistan 1.19 trillion current LCU compare
- 100 Netherlands 1.06 trillion current LCU compare
- 101 Peru 1.01 trillion current LCU compare
- 102 Honduras 930.64 billion current LCU 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 1.07 trillion current LCU 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 1.07 trillion current LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Cuba?
- The lowest recorded value was 5.18 billion current LCU in 1970.
- How does Cuba rank for gross value added at basic prices (gva)?
- Cuba ranks 99th out of 207 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 up 1,238.2%. The long-run trend across the full record is volatile.
- 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) (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.