Industry (including construction), value added in Cuba
Cuba: Industry (including construction), value added was -3.0% in 2024. β Volatile
Industry (including construction), value added in Cuba, 1971β2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, industry (including construction), value added in Cuba stood at -3.0%.
That represents a change of down 93.3% on the previous year and down 4.4% over ten years.
Over the whole period, industry (including construction), value added in Cuba peaked at 19.4% in 1981 and was at its lowest, -27.0%, in 1992.
Cuba ranks 179th of 198 countries on this measure, in the bottom quarter.
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 | 5.4% | 1.0% | 9.6% | 9 |
| 1980s | 4.4% | -5.7% | 19.4% | 10 |
| 1990s | -2.9% | -27.0% | 13.8% | 10 |
| 2000s | 3.9% | -1.7% | 13.4% | 10 |
| 2010s | 1.3% | -3.6% | 8.8% | 10 |
| 2020s | -5.2% | -8.2% | -1.6% | 5 |
Countries ranked near Cuba
- 176 Bosnia and Herzegovina -2.0% compare
- 177 Myanmar -2.4% compare
- 178 Bolivia, Plurinational State of -2.8% compare
- 180 Namibia -3.1% compare
- 181 Togo -3.2% compare
- 182 Montenegro -3.2% compare
More economy & growth data for Cuba
- Taxes less subsidies on products (current LCU), annual growth rate 122.26 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0071 current LCU per US$ of GDP (2020)
- Taxes less subsidies on products (current LCU), per capita 1,502 current LCU per person (2024)
- Special drawing rights per domestic currency (End-of-period (EoP)) 1 (1974)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 0.9978 (1974)
- Domestic currency per US dollar (End-of-period (EoP)) 0.815 (1974)
- US dollar per domestic currency (End-of-period (EoP)) 1.23 (1974)
- Gdp worldbank constant usd, annual growth rate -1.06 % change on previous year (2024)
- Gdp worldbank constant usd, per unit of GDP 0.755 units per US$ of GDP (2020)
- Gdp worldbank constant usd, per capita 7,381 units per person (2024)
Frequently asked questions
- What is industry (including construction), value added in Cuba?
- Industry (including construction), value added in Cuba was -3.0% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Cuba?
- The highest recorded value was 19.4% in 1981.
- What is the lowest industry (including construction), value added recorded in Cuba?
- The lowest recorded value was -27.0% in 1992.
- How does Cuba rank for industry (including construction), value added?
- Cuba ranks 179th out of 198 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Cuba?
- Over the last ten years it is down 4.4%. 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 Industry (including construction), value added (annual % growth). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 54 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.