Industry (including construction), value added in Cuba
Cuba: Industry (including construction), value added was 258.69 billion current LCU in 2024. ◆ Volatile
Industry (including construction), value added in Cuba, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for industry (including construction), value added in Cuba is 258.69 billion current LCU, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 27.3% on the previous year and up 1,347.9% over ten years.
Over the whole period, industry (including construction), value added in Cuba peaked at 258.69 billion current LCU in 2024 and was at its lowest, 964.15 million current LCU, in 1970.
That places Cuba 99th out of 208 countries with data for 2024, 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 | 1.69 billion current LCU | 964.15 million current LCU | 2.42 billion current LCU | 10 |
| 1980s | 3.24 billion current LCU | 2.43 billion current LCU | 3.60 billion current LCU | 10 |
| 1990s | 4.76 billion current LCU | 2.70 billion current LCU | 7.20 billion current LCU | 10 |
| 2000s | 10.19 billion current LCU | 7.80 billion current LCU | 14.03 billion current LCU | 10 |
| 2010s | 19.72 billion current LCU | 14.73 billion current LCU | 25.39 billion current LCU | 10 |
| 2020s | 152.88 billion current LCU | 24.71 billion current LCU | 258.69 billion current LCU | 5 |
Countries ranked near Cuba
- 96 Spain 330.27 billion current LCU compare
- 97 Mozambique 316.12 billion current LCU compare
- 98 Honduras 260.94 billion current LCU compare
- 100 Zambia 256.38 billion current LCU compare
- 101 North Macedonia 251.52 billion current LCU compare
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 industry (including construction), value added in Cuba?
- Industry (including construction), value added in Cuba was 258.69 billion current LCU 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 258.69 billion current LCU in 2024.
- What is the lowest industry (including construction), value added recorded in Cuba?
- The lowest recorded value was 964.15 million current LCU in 1970.
- How does Cuba rank for industry (including construction), value added?
- Cuba ranks 99th out of 208 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Cuba?
- Over the last ten years it is up 1,347.9%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.