Gross value added at basic prices (GVA) (current US$), annual growth in Cuba
Cuba: Gross value added at basic prices (GVA) (current US$), annual growth was 4.6 % change on previous year in 2020. ◆ Volatile
Gross value added at basic prices (GVA) (current US$), annual growth in Cuba, 1971–2020
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Cuba recorded 4.6 % change on previous year for gross value added at basic prices (gva) (current us$), annual growth in 2020.
The figure is up 53.0% on the previous year and up 27.5% over ten years.
Over the whole period, gross value added at basic prices (gva) (current us$), annual growth in Cuba peaked at 25.68 % change on previous year in 1978 and was at its lowest, -12.55 % change on previous year, in 1991.
That places Cuba 156th out of 205 countries with data for 2020, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$), annual growth in Cuba, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 21.45 % change on previous year | — |
| 1972 | 17.65 % change on previous year | -17.7% |
| 1973 | 22.78 % change on previous year | +29.1% |
| 1974 | 14.23 % change on previous year | -37.6% |
| 1975 | 14.17 % change on previous year | -0.4% |
| 1976 | 5.82 % change on previous year | -58.9% |
| 1977 | 3.04 % change on previous year | -47.7% |
| 1978 | 25.68 % change on previous year | +743.5% |
| 1979 | 9.86 % change on previous year | -61.6% |
| 1980 | 1.33 % change on previous year | -86.5% |
| 1981 | 1.22 % change on previous year | -8.5% |
| 1982 | 4.26 % change on previous year | +249.2% |
| 1983 | 6.21 % change on previous year | +45.7% |
| 1984 | 8.61 % change on previous year | +38.6% |
| 1985 | -7.05 % change on previous year | -181.9% |
| 1986 | 7.7 % change on previous year | -209.2% |
| 1987 | 5.59 % change on previous year | -27.4% |
| 1988 | 8.94 % change on previous year | +59.9% |
| 1989 | -0.8103 % change on previous year | -109.1% |
| 1990 | 6.21 % change on previous year | -866.5% |
| 1991 | -12.55 % change on previous year | -302.0% |
| 1992 | -10.48 % change on previous year | -16.5% |
| 1993 | -0.2077 % change on previous year | -98.0% |
| 1994 | 12.43 % change on previous year | -6085.7% |
| 1995 | 1.9 % change on previous year | -84.7% |
| 1996 | 3.14 % change on previous year | +64.9% |
| 1997 | 1.57 % change on previous year | -49.9% |
| 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 | 14.57 % change on previous year | +26.9% |
| 2007 | 11.1 % change on previous year | -23.8% |
| 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 | 15.7 % change on previous year | +335.0% |
| 2012 | 6.02 % change on previous year | -61.6% |
| 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% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.97 % change on previous year | 3.04 % change on previous year | 25.68 % change on previous year | 9 |
| 1980s | 3.6 % change on previous year | -7.05 % change on previous year | 8.94 % change on previous year | 10 |
| 1990s | 1.37 % change on previous year | -12.55 % change on previous year | 12.43 % change on previous year | 10 |
| 2000s | 7.42 % change on previous year | 2.57 % change on previous year | 14.57 % change on previous year | 10 |
| 2010s | 6.06 % change on previous year | 3.01 % change on previous year | 15.7 % change on previous year | 10 |
| 2020s | 4.6 % change on previous year | 4.6 % change on previous year | 4.6 % change on previous year | 1 |
Countries ranked near Cuba
- 153 Kazakhstan 4.9 % change on previous year compare
- 154 El Salvador 4.9 % change on previous year compare
- 155 Fiji 4.67 % change on previous year compare
- 157 Panama 4.56 % change on previous year compare
- 158 Ecuador 4.55 % change on previous year compare
- 159 Brazil 4.44 % change on previous year compare
More economy & growth data for Cuba
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9929 current US$ per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (current US$), per capita 9,537 current US$ per person (2020)
- 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 unit of 0.4684 constant LCU per US$ of GDP (2020)
Frequently asked questions
- What is gross value added at basic prices (gva) (current us$), annual growth in Cuba?
- Gross value added at basic prices (gva) (current us$), annual growth in Cuba was 4.6 % change on previous year in 2020, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current us$), annual growth recorded in Cuba?
- The highest recorded value was 25.68 % change on previous year in 1978.
- What is the lowest gross value added at basic prices (gva) (current us$), annual growth recorded in Cuba?
- The lowest recorded value was -12.55 % change on previous year in 1991.
- How does Cuba rank for gross value added at basic prices (gva) (current us$), annual growth?
- Cuba ranks 156th out of 205 countries with data for 2020.
- Is gross value added at basic prices (gva) (current us$), annual growth rising or falling in Cuba?
- Over the last ten years it is up 27.5%. 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 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). 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) (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.