Industry (including construction), value added in Cuba
Cuba: Industry (including construction), value added was 14.71 billion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
14.71 billion constant 2015 US$
Change on year
down 3.0%
World rank
88th
of 196 countries
All-time high
20.02 billion constant 2015 US$
in 2018
All-time low
7.18 billion constant 2015 US$
in 1970
Years of data
55
1970–2024
Industry (including construction), value added in Cuba, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2024, industry (including construction), value added in Cuba stood at 14.71 billion constant 2015 US$.
The figure is down 3.0% on the previous year and down 17.8% over ten years.
Over the whole period, industry (including construction), value added in Cuba peaked at 20.02 billion constant 2015 US$ in 2018 and was at its lowest, 7.18 billion constant 2015 US$, in 1970.
Cuba ranks 88th of 196 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Industry (including construction), value added in Cuba, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 7.18 billion constant 2015 US$ | — |
| 1971 | 7.80 billion constant 2015 US$ | +8.6% |
| 1972 | 8.18 billion constant 2015 US$ | +4.8% |
| 1973 | 8.45 billion constant 2015 US$ | +3.4% |
| 1974 | 8.54 billion constant 2015 US$ | +1.0% |
| 1975 | 9.35 billion constant 2015 US$ | +9.6% |
| 1976 | 9.86 billion constant 2015 US$ | +5.5% |
| 1977 | 10.71 billion constant 2015 US$ | +8.6% |
| 1978 | 11.40 billion constant 2015 US$ | +6.5% |
| 1979 | 11.53 billion constant 2015 US$ | +1.1% |
| 1980 | 11.04 billion constant 2015 US$ | -4.3% |
| 1981 | 13.17 billion constant 2015 US$ | +19.4% |
| 1982 | 14.23 billion constant 2015 US$ | +8.1% |
| 1983 | 14.99 billion constant 2015 US$ | +5.3% |
| 1984 | 16.28 billion constant 2015 US$ | +8.6% |
| 1985 | 17.14 billion constant 2015 US$ | +5.2% |
| 1986 | 16.37 billion constant 2015 US$ | -4.5% |
| 1987 | 15.43 billion constant 2015 US$ | -5.7% |
| 1988 | 16.59 billion constant 2015 US$ | +7.5% |
| 1989 | 17.40 billion constant 2015 US$ | +4.9% |
| 1990 | 17.74 billion constant 2015 US$ | +1.9% |
| 1991 | 14.47 billion constant 2015 US$ | -18.4% |
| 1992 | 10.56 billion constant 2015 US$ | -27.0% |
| 1993 | 8.51 billion constant 2015 US$ | -19.4% |
| 1994 | 8.93 billion constant 2015 US$ | +5.0% |
| 1995 | 9.78 billion constant 2015 US$ | +9.4% |
| 1996 | 11.12 billion constant 2015 US$ | +13.8% |
| 1997 | 11.71 billion constant 2015 US$ | +5.3% |
| 1998 | 10.97 billion constant 2015 US$ | -6.3% |
| 1999 | 11.75 billion constant 2015 US$ | +7.1% |
| 2000 | 12.66 billion constant 2015 US$ | +7.7% |
| 2001 | 12.44 billion constant 2015 US$ | -1.7% |
| 2002 | 12.50 billion constant 2015 US$ | +0.4% |
| 2003 | 12.50 billion constant 2015 US$ | +0.0% |
| 2004 | 12.92 billion constant 2015 US$ | +3.3% |
| 2005 | 13.92 billion constant 2015 US$ | +7.8% |
| 2006 | 15.79 billion constant 2015 US$ | +13.4% |
| 2007 | 16.34 billion constant 2015 US$ | +3.5% |
| 2008 | 17.00 billion constant 2015 US$ | +4.1% |
| 2009 | 17.12 billion constant 2015 US$ | +0.7% |
| 2010 | 16.89 billion constant 2015 US$ | -1.3% |
| 2011 | 17.04 billion constant 2015 US$ | +0.9% |
| 2012 | 17.80 billion constant 2015 US$ | +4.5% |
| 2013 | 18.44 billion constant 2015 US$ | +3.6% |
| 2014 | 17.90 billion constant 2015 US$ | -2.9% |
| 2015 | 19.48 billion constant 2015 US$ | +8.8% |
| 2016 | 19.11 billion constant 2015 US$ | -1.9% |
| 2017 | 19.53 billion constant 2015 US$ | +2.2% |
| 2018 | 20.02 billion constant 2015 US$ | +2.5% |
| 2019 | 19.30 billion constant 2015 US$ | -3.6% |
| 2020 | 17.72 billion constant 2015 US$ | -8.2% |
| 2021 | 16.53 billion constant 2015 US$ | -6.7% |
| 2022 | 15.41 billion constant 2015 US$ | -6.7% |
| 2023 | 15.17 billion constant 2015 US$ | -1.6% |
| 2024 | 14.71 billion constant 2015 US$ | -3.0% |
Cuba compared with similar countries
- Cuba's 14.71 billion constant 2015 US$ is above the median for upper middle income countries, which is 14.23 billion constant 2015 US$, 1.0× the median. (58 countries reporting)
- Cuba's 14.71 billion constant 2015 US$ is above the median for Latin America & Caribbean, which is 6.95 billion constant 2015 US$, 2.1× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.30 billion constant 2015 US$ | 7.18 billion constant 2015 US$ | 11.53 billion constant 2015 US$ | 10 |
| 1980s | 15.26 billion constant 2015 US$ | 11.04 billion constant 2015 US$ | 17.40 billion constant 2015 US$ | 10 |
| 1990s | 11.55 billion constant 2015 US$ | 8.51 billion constant 2015 US$ | 17.74 billion constant 2015 US$ | 10 |
| 2000s | 14.32 billion constant 2015 US$ | 12.44 billion constant 2015 US$ | 17.12 billion constant 2015 US$ | 10 |
| 2010s | 18.55 billion constant 2015 US$ | 16.89 billion constant 2015 US$ | 20.02 billion constant 2015 US$ | 10 |
| 2020s | 15.91 billion constant 2015 US$ | 14.71 billion constant 2015 US$ | 17.72 billion constant 2015 US$ | 5 |
Countries ranked near Cuba
- 85 Lithuania 15.34 billion constant 2015 US$ compare
- 86 Uganda 14.78 billion constant 2015 US$ compare
- 87 Bahrain 14.74 billion constant 2015 US$ compare
- 89 Croatia 14.67 billion constant 2015 US$ compare
- 90 Serbia 14.29 billion constant 2015 US$ compare
- 91 Ukraine 14.17 billion constant 2015 US$ compare
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$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is industry (including construction), value added in Cuba?
- Industry (including construction), value added in Cuba was 14.71 billion constant 2015 US$ 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 20.02 billion constant 2015 US$ in 2018.
- What is the lowest industry (including construction), value added recorded in Cuba?
- The lowest recorded value was 7.18 billion constant 2015 US$ in 1970.
- How does Cuba rank for industry (including construction), value added?
- Cuba ranks 88th out of 196 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Cuba?
- Over the last ten years it is down 17.8%. The long-run trend across the full record is rising.
- 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 (constant 2015 US$). Statizoid updates them automatically from the source API.
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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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.