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
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$, in 1970.
That places Cuba 71st out of 204 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.97 billion current US$ | 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
- External balance on goods and services as a percent of GDP -39.9% (2024)
- GDP per capita 7,381 constant 2015 US$ (2024)
- Share of manufacturing in gross domestic product (GDP) 10.7% (2024)
- Gross domestic product (GDP) 81.05 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 7,381 constant 2015 US$ (2024)
- DEC alternative conversion factor 1 LCU per US$ (2020)
- Net secondary income (Net current transfers from abroad) 1.89 billion current LCU (2019)
- Net secondary income (Net current transfers from abroad) 1.89 billion current US$ (2019)
- Taxes less subsidies on products 16.49 billion current LCU (2024)
- Taxes less subsidies on products 762.00 million current US$ (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 204 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.
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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.