Industry (including construction), value added (current US$) in Cuba
Cuba: Industry (including construction), value added (current US$) was 24.71 billion current US$ in 2020. ◆ Volatile
Industry (including construction), value added in Cuba, 1970–2020
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for industry (including construction), value added in Cuba is 24.71 billion current US$, measured in 2020.
The figure is down 2.7% on the previous year and up 81.2% over ten years.
Over the whole period, industry (including construction), value added in Cuba peaked at 25.39 billion current US$ in 2019 and was at its lowest, 964.15 million current US$, in 1970.
Cuba ranks 78th of 209 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added (current US$) in Cuba, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 964.15 million current US$ | — |
| 1971 | 1.17 billion current US$ | +21.5% |
| 1972 | 1.38 billion current US$ | +17.7% |
| 1973 | 1.69 billion current US$ | +22.8% |
| 1974 | 1.93 billion current US$ | +14.2% |
| 1975 | 2.21 billion current US$ | +14.2% |
| 1976 | 2.34 billion current US$ | +5.9% |
| 1977 | 2.41 billion current US$ | +2.9% |
| 1978 | 3.02 billion current US$ | +25.5% |
| 1979 | 3.31 billion current US$ | +9.7% |
| 1980 | 3.38 billion current US$ | +1.9% |
| 1981 | 3.43 billion current US$ | +1.6% |
| 1982 | 3.54 billion current US$ | +3.1% |
| 1983 | 3.74 billion current US$ | +5.7% |
| 1984 | 4.06 billion current US$ | +8.5% |
| 1985 | 3.93 billion current US$ | -3.0% |
| 1986 | 4.20 billion current US$ | +6.8% |
| 1987 | 4.08 billion current US$ | -3.0% |
| 1988 | 4.57 billion current US$ | +12.1% |
| 1989 | 4.61 billion current US$ | +0.9% |
| 1990 | 4.97 billion current US$ | +7.9% |
| 1991 | 4.14 billion current US$ | -16.8% |
| 1992 | 3.71 billion current US$ | -10.3% |
| 1993 | 3.64 billion current US$ | -1.9% |
| 1994 | 4.81 billion current US$ | +32.0% |
| 1995 | 5.47 billion current US$ | +13.6% |
| 1996 | 6.68 billion current US$ | +22.1% |
| 1997 | 7.00 billion current US$ | +4.8% |
| 1998 | 6.67 billion current US$ | -4.6% |
| 1999 | 7.20 billion current US$ | +8.0% |
| 2000 | 7.80 billion current US$ | +8.4% |
| 2001 | 7.88 billion current US$ | +0.9% |
| 2002 | 7.96 billion current US$ | +1.1% |
| 2003 | 8.08 billion current US$ | +1.5% |
| 2004 | 8.42 billion current US$ | +4.2% |
| 2005 | 9.18 billion current US$ | +9.0% |
| 2006 | 10.84 billion current US$ | +18.1% |
| 2007 | 12.22 billion current US$ | +12.7% |
| 2008 | 12.60 billion current US$ | +3.1% |
| 2009 | 12.99 billion current US$ | +3.1% |
| 2010 | 13.64 billion current US$ | +4.9% |
| 2011 | 15.36 billion current US$ | +12.6% |
| 2012 | 17.09 billion current US$ | +11.3% |
| 2013 | 17.86 billion current US$ | +4.5% |
| 2014 | 17.87 billion current US$ | +0.0% |
| 2015 | 19.48 billion current US$ | +9.0% |
| 2016 | 20.96 billion current US$ | +7.6% |
| 2017 | 23.59 billion current US$ | +12.5% |
| 2018 | 24.89 billion current US$ | +5.5% |
| 2019 | 25.39 billion current US$ | +2.0% |
| 2020 | 24.71 billion current US$ | -2.7% |
Cuba compared with similar countries
- Cuba's 24.71 billion current US$ is above the median for upper middle income countries, which is 15.93 billion current US$, 1.6× the median. (59 countries reporting)
- Cuba's 24.71 billion current US$ is above the median for Latin America & Caribbean, which is 8.88 billion current US$, 2.8× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.04 billion current US$ | 964.15 million current US$ | 3.31 billion current US$ | 10 |
| 1980s | 3.95 billion current US$ | 3.38 billion current US$ | 4.61 billion current US$ | 10 |
| 1990s | 5.43 billion current US$ | 3.64 billion current US$ | 7.20 billion current US$ | 10 |
| 2000s | 9.80 billion current US$ | 7.80 billion current US$ | 12.99 billion current US$ | 10 |
| 2010s | 19.61 billion current US$ | 13.64 billion current US$ | 25.39 billion current US$ | 10 |
| 2020s | 24.71 billion current US$ | 24.71 billion current US$ | 24.71 billion current US$ | 1 |
Countries ranked near Cuba
More economy & growth data for Cuba
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, US dollar, per capita 0 units per person (2016)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, SDR, per capita 0 units per person (2016)
- IMF holdings of currency, US dollar, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, US dollar, per capita 0 units per person (2016)
- IMF holdings of currency, SDR, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, SDR, per capita 0 units per person (2016)
Frequently asked questions
- What is industry (including construction), value added in Cuba?
- Industry (including construction), value added in Cuba was 24.71 billion current US$ in 2020, 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 25.39 billion current US$ in 2019.
- What is the lowest industry (including construction), value added recorded in Cuba?
- The lowest recorded value was 964.15 million current US$ in 1970.
- How does Cuba rank for industry (including construction), value added?
- Cuba ranks 78th out of 209 countries with data for 2020.
- Is industry (including construction), value added rising or falling in Cuba?
- Over the last ten years it is up 81.2%. 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 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.