Imports of goods and services (constant LCU), per unit of GDP in Cuba
Cuba: Imports of goods and services (constant LCU), per unit of GDP was 0.0806 constant LCU per US$ of GDP in 2020. ◆ Volatile
Imports of goods and services (constant LCU), per unit of GDP in Cuba, 1970–2020
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2020, imports of goods and services (constant lcu), per unit of gdp in Cuba stood at 0.0806 constant LCU per US$ of GDP. That is the lowest value across all 51 years on record.
Compared with earlier readings it is down 11.0% on the previous year and down 51.2% over ten years.
Over the whole period, imports of goods and services (constant lcu), per unit of gdp in Cuba peaked at 0.684 constant LCU per US$ of GDP in 1970 and was at its lowest, 0.0806 constant LCU per US$ of GDP, in 2020.
That places Cuba 177th out of 179 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.
Imports of goods and services (constant LCU), per unit of GDP in Cuba, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.684 constant LCU per US$ of GDP | — |
| 1971 | 0.6116 constant LCU per US$ of GDP | -10.6% |
| 1972 | 0.5449 constant LCU per US$ of GDP | -10.9% |
| 1973 | 0.4589 constant LCU per US$ of GDP | -15.8% |
| 1974 | 0.4056 constant LCU per US$ of GDP | -11.6% |
| 1975 | 0.3893 constant LCU per US$ of GDP | -4.0% |
| 1976 | 0.3878 constant LCU per US$ of GDP | -0.4% |
| 1977 | 0.4088 constant LCU per US$ of GDP | +5.4% |
| 1978 | 0.3464 constant LCU per US$ of GDP | -15.3% |
| 1979 | 0.3187 constant LCU per US$ of GDP | -8.0% |
| 1980 | 0.3014 constant LCU per US$ of GDP | -5.4% |
| 1981 | 0.354 constant LCU per US$ of GDP | +17.4% |
| 1982 | 0.3689 constant LCU per US$ of GDP | +4.2% |
| 1983 | 0.3651 constant LCU per US$ of GDP | -1.0% |
| 1984 | 0.364 constant LCU per US$ of GDP | -0.3% |
| 1985 | 0.4157 constant LCU per US$ of GDP | +14.2% |
| 1986 | 0.3575 constant LCU per US$ of GDP | -14.0% |
| 1987 | 0.3376 constant LCU per US$ of GDP | -5.6% |
| 1988 | 0.3197 constant LCU per US$ of GDP | -5.3% |
| 1989 | 0.3358 constant LCU per US$ of GDP | +5.0% |
| 1990 | 0.2994 constant LCU per US$ of GDP | -10.9% |
| 1991 | 0.2217 constant LCU per US$ of GDP | -25.9% |
| 1992 | 0.1336 constant LCU per US$ of GDP | -39.7% |
| 1993 | 0.1248 constant LCU per US$ of GDP | -6.6% |
| 1994 | 0.1169 constant LCU per US$ of GDP | -6.3% |
| 1995 | 0.1219 constant LCU per US$ of GDP | +4.2% |
| 1996 | 0.1842 constant LCU per US$ of GDP | +51.2% |
| 1997 | 0.1783 constant LCU per US$ of GDP | -3.2% |
| 1998 | 0.1782 constant LCU per US$ of GDP | -0.1% |
| 1999 | 0.1656 constant LCU per US$ of GDP | -7.1% |
| 2000 | 0.1533 constant LCU per US$ of GDP | -7.4% |
| 2001 | 0.1424 constant LCU per US$ of GDP | -7.1% |
| 2002 | 0.1245 constant LCU per US$ of GDP | -12.6% |
| 2003 | 0.1306 constant LCU per US$ of GDP | +4.9% |
| 2004 | 0.1386 constant LCU per US$ of GDP | +6.2% |
| 2005 | 0.1562 constant LCU per US$ of GDP | +12.7% |
| 2006 | 0.1643 constant LCU per US$ of GDP | +5.2% |
| 2007 | 0.1462 constant LCU per US$ of GDP | -11.0% |
| 2008 | 0.1513 constant LCU per US$ of GDP | +3.5% |
| 2009 | 0.1261 constant LCU per US$ of GDP | -16.7% |
| 2010 | 0.1651 constant LCU per US$ of GDP | +30.9% |
| 2011 | 0.144 constant LCU per US$ of GDP | -12.8% |
| 2012 | 0.1329 constant LCU per US$ of GDP | -7.7% |
| 2013 | 0.1337 constant LCU per US$ of GDP | +0.6% |
| 2014 | 0.1259 constant LCU per US$ of GDP | -5.8% |
| 2015 | 0.1284 constant LCU per US$ of GDP | +1.9% |
| 2016 | 0.1094 constant LCU per US$ of GDP | -14.8% |
| 2017 | 0.1016 constant LCU per US$ of GDP | -7.2% |
| 2018 | 0.0963 constant LCU per US$ of GDP | -5.2% |
| 2019 | 0.0905 constant LCU per US$ of GDP | -6.0% |
| 2020 | 0.0806 constant LCU per US$ of GDP | -11.0% |
Cuba compared with similar countries
- Cuba's 0.0806 constant LCU per US$ of GDP is below the median for upper middle income countries, which is 7.22 constant LCU per US$ of GDP, 1% of the median. (48 countries reporting)
- Cuba's 0.0806 constant LCU per US$ of GDP is below the median for Latin America & Caribbean, which is 1.32 constant LCU per US$ of GDP, 6% of the median. (23 countries reporting)
Biggest year-on-year movements
Years where Imports of goods and services (constant LCU), per unit of GDP 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 |
|---|---|---|---|
| 1996 | +51.2% | 0.1219 constant LCU per US$ of GDP | 0.1842 constant LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.4556 constant LCU per US$ of GDP | 0.3187 constant LCU per US$ of GDP | 0.684 constant LCU per US$ of GDP | 10 |
| 1980s | 0.352 constant LCU per US$ of GDP | 0.3014 constant LCU per US$ of GDP | 0.4157 constant LCU per US$ of GDP | 10 |
| 1990s | 0.1725 constant LCU per US$ of GDP | 0.1169 constant LCU per US$ of GDP | 0.2994 constant LCU per US$ of GDP | 10 |
| 2000s | 0.1433 constant LCU per US$ of GDP | 0.1245 constant LCU per US$ of GDP | 0.1643 constant LCU per US$ of GDP | 10 |
| 2010s | 0.1228 constant LCU per US$ of GDP | 0.0905 constant LCU per US$ of GDP | 0.1651 constant LCU per US$ of GDP | 10 |
| 2020s | 0.0806 constant LCU per US$ of GDP | 0.0806 constant LCU per US$ of GDP | 0.0806 constant LCU per US$ of GDP | 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$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is imports of goods and services (constant lcu), per unit of gdp in Cuba?
- Imports of goods and services (constant lcu), per unit of gdp in Cuba was 0.0806 constant LCU per US$ of GDP in 2020, according to Statizoid (derived).
- What is the highest imports of goods and services (constant lcu), per unit of gdp recorded in Cuba?
- The highest recorded value was 0.684 constant LCU per US$ of GDP in 1970.
- What is the lowest imports of goods and services (constant lcu), per unit of gdp recorded in Cuba?
- The lowest recorded value was 0.0806 constant LCU per US$ of GDP in 2020.
- How does Cuba rank for imports of goods and services (constant lcu), per unit of gdp?
- Cuba ranks 177th out of 179 countries with data for 2020.
- Is imports of goods and services (constant lcu), per unit of gdp rising or falling in Cuba?
- Over the last ten years it is down 51.2%. 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 Imports of goods and services (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Imports of goods and services (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Imports of goods and services (constant LCU) ÷ GDP (current US$)
Computed from
- Imports of goods and services Country official statistics, National Statistical Offices (NSOs)
- GDP 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
Imports of goods and services (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.