Gross value added at basic prices (GVA) in Cuba
Cuba: Gross value added at basic prices (GVA) was 106.59 billion current US$ in 2020. ◆ Volatile
Latest (2020)
106.59 billion current US$
Change on year
up 4.6%
World rank
71st
of 207 countries
All-time high
106.59 billion current US$
in 2020
All-time low
5.18 billion current US$
in 1970
Years of data
51
1970–2020
Gross value added at basic prices (GVA) in Cuba, 1970–2020
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Cuba recorded 106.59 billion current US$ for gross value added at basic prices (gva) in 2020. That is the highest value across all 51 years on record.
Compared with earlier readings it is up 4.6% on the previous year and up 80.8% over ten years.
Over the whole period, gross value added at basic prices (gva) in Cuba peaked at 106.59 billion current US$ in 2020 and was at its lowest, 5.18 billion current US$, in 1970.
That places Cuba 71st out of 207 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Cuba, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 5.18 billion current US$ | — |
| 1971 | 6.29 billion current US$ | +21.5% |
| 1972 | 7.40 billion current US$ | +17.6% |
| 1973 | 9.08 billion current US$ | +22.8% |
| 1974 | 10.38 billion current US$ | +14.2% |
| 1975 | 11.85 billion current US$ | +14.2% |
| 1976 | 12.54 billion current US$ | +5.8% |
| 1977 | 12.92 billion current US$ | +3.0% |
| 1978 | 16.24 billion current US$ | +25.7% |
| 1979 | 17.84 billion current US$ | +9.9% |
| 1980 | 18.07 billion current US$ | +1.3% |
| 1981 | 18.29 billion current US$ | +1.2% |
| 1982 | 19.07 billion current US$ | +4.3% |
| 1983 | 20.26 billion current US$ | +6.2% |
| 1984 | 22.00 billion current US$ | +8.6% |
| 1985 | 20.45 billion current US$ | -7.1% |
| 1986 | 22.03 billion current US$ | +7.7% |
| 1987 | 23.26 billion current US$ | +5.6% |
| 1988 | 25.34 billion current US$ | +8.9% |
| 1989 | 25.13 billion current US$ | -0.8% |
| 1990 | 26.69 billion current US$ | +6.2% |
| 1991 | 23.34 billion current US$ | -12.5% |
| 1992 | 20.90 billion current US$ | -10.5% |
| 1993 | 20.85 billion current US$ | -0.2% |
| 1994 | 23.45 billion current US$ | +12.4% |
| 1995 | 23.89 billion current US$ | +1.9% |
| 1996 | 24.64 billion current US$ | +3.1% |
| 1997 | 25.03 billion current US$ | +1.6% |
| 1998 | 25.38 billion current US$ | +1.4% |
| 1999 | 27.98 billion current US$ | +10.3% |
| 2000 | 30.17 billion current US$ | +7.8% |
| 2001 | 31.28 billion current US$ | +3.7% |
| 2002 | 33.27 billion current US$ | +6.4% |
| 2003 | 35.53 billion current US$ | +6.8% |
| 2004 | 37.81 billion current US$ | +6.4% |
| 2005 | 42.15 billion current US$ | +11.5% |
| 2006 | 48.29 billion current US$ | +14.6% |
| 2007 | 53.65 billion current US$ | +11.1% |
| 2008 | 55.47 billion current US$ | +3.4% |
| 2009 | 56.90 billion current US$ | +2.6% |
| 2010 | 58.95 billion current US$ | +3.6% |
| 2011 | 68.21 billion current US$ | +15.7% |
| 2012 | 72.32 billion current US$ | +6.0% |
| 2013 | 76.26 billion current US$ | +5.4% |
| 2014 | 79.83 billion current US$ | +4.7% |
| 2015 | 86.22 billion current US$ | +8.0% |
| 2016 | 90.39 billion current US$ | +4.8% |
| 2017 | 95.86 billion current US$ | +6.0% |
| 2018 | 98.92 billion current US$ | +3.2% |
| 2019 | 101.90 billion current US$ | +3.0% |
| 2020 | 106.59 billion current US$ | +4.6% |
Cuba compared with similar countries
- Cuba's 106.59 billion current US$ is above the median for upper middle income countries, which is 39.41 billion current US$, 2.7× the median. (58 countries reporting)
- Cuba's 106.59 billion current US$ is above the median for Latin America & Caribbean, which is 26.28 billion current US$, 4.1× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.97 billion current US$ | 5.18 billion current US$ | 17.84 billion current US$ | 10 |
| 1980s | 21.39 billion current US$ | 18.07 billion current US$ | 25.34 billion current US$ | 10 |
| 1990s | 24.21 billion current US$ | 20.85 billion current US$ | 27.98 billion current US$ | 10 |
| 2000s | 42.45 billion current US$ | 30.17 billion current US$ | 56.90 billion current US$ | 10 |
| 2010s | 82.89 billion current US$ | 58.95 billion current US$ | 101.90 billion current US$ | 10 |
| 2020s | 106.59 billion current US$ | 106.59 billion current US$ | 106.59 billion current US$ | 1 |
Countries ranked near Cuba
More economy & growth data for Cuba
- General government final consumption expenditure (current US$) 25.1 % change on previous year (2020)
- General government final consumption expenditure (current US$), per 0.3885 current US$ per US$ of GDP (2020)
- General government final consumption expenditure (current US$), per 3,731 current US$ per person (2020)
- General government final consumption expenditure (current LCU) 21.52 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 0.3885 current LCU per US$ of GDP (2020)
- General government final consumption expenditure (current LCU), per 24,524 current LCU per person (2024)
- General government final consumption expenditure (constant 2015 US$) -7.43 % change on previous year (2024)
- General government final consumption expenditure (constant 2015 US$) 0.2523 constant 2015 US$ per US$ of GDP (2020)
- General government final consumption expenditure (constant 2015 US$) 2,335 constant 2015 US$ per person (2024)
- Households and NPISHs Final consumption expenditure (current US$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is gross value added at basic prices (gva) in Cuba?
- Gross value added at basic prices (gva) in Cuba was 106.59 billion current US$ in 2020, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Cuba?
- The highest recorded value was 106.59 billion current US$ in 2020.
- What is the lowest gross value added at basic prices (gva) recorded in Cuba?
- The lowest recorded value was 5.18 billion current US$ in 1970.
- How does Cuba rank for gross value added at basic prices (gva)?
- Cuba ranks 71st out of 207 countries with data for 2020.
- Is gross value added at basic prices (gva) rising or falling in Cuba?
- Over the last ten years it is up 80.8%. 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 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 indicator is expressed in United States dollars.