Industry (including construction), value added in Cuba
Cuba: Industry (including construction), value added was 23.8% in 2024. ▲ Rising
Industry (including construction), value added in Cuba, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Cuba recorded 23.8% for industry (including construction), value added in 2024.
That represents a change of down 2.6% on the previous year and up 7.7% over ten years.
Over the whole period, industry (including construction), value added in Cuba peaked at 27.6% in 1997 and was at its lowest, 16.2%, in 1987.
That places Cuba 103rd out of 207 countries with data for 2024, putting it 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 | % of GDP | Change |
|---|---|---|
| 1970 | 16.9% | — |
| 1971 | 16.9% | +0.0% |
| 1972 | 16.9% | -0.0% |
| 1973 | 16.9% | -0.0% |
| 1974 | 16.9% | -0.0% |
| 1975 | 16.9% | +0.0% |
| 1976 | 16.9% | +0.1% |
| 1977 | 16.9% | -0.1% |
| 1978 | 16.9% | -0.1% |
| 1979 | 16.9% | -0.0% |
| 1980 | 17.0% | +0.2% |
| 1981 | 17.0% | +0.4% |
| 1982 | 16.9% | -0.8% |
| 1983 | 16.8% | -0.2% |
| 1984 | 16.9% | +0.2% |
| 1985 | 17.2% | +1.7% |
| 1986 | 17.3% | +1.1% |
| 1987 | 16.2% | -6.8% |
| 1988 | 16.6% | +2.9% |
| 1989 | 17.1% | +2.5% |
| 1990 | 17.4% | +1.8% |
| 1991 | 17.0% | -2.0% |
| 1992 | 16.8% | -1.2% |
| 1993 | 16.3% | -3.1% |
| 1994 | 16.9% | +3.8% |
| 1995 | 18.0% | +6.2% |
| 1996 | 26.7% | +48.6% |
| 1997 | 27.6% | +3.3% |
| 1998 | 25.9% | -6.0% |
| 1999 | 25.4% | -2.0% |
| 2000 | 25.5% | +0.6% |
| 2001 | 24.9% | -2.6% |
| 2002 | 23.7% | -4.7% |
| 2003 | 22.5% | -5.0% |
| 2004 | 22.0% | -2.1% |
| 2005 | 21.5% | -2.3% |
| 2006 | 22.2% | +3.1% |
| 2007 | 22.5% | +1.5% |
| 2008 | 22.4% | -0.6% |
| 2009 | 22.6% | +1.0% |
| 2010 | 22.9% | +1.3% |
| 2011 | 22.3% | -2.8% |
| 2012 | 23.4% | +5.0% |
| 2013 | 23.2% | -0.9% |
| 2014 | 22.2% | -4.3% |
| 2015 | 22.4% | +0.9% |
| 2016 | 22.9% | +2.6% |
| 2017 | 24.4% | +6.2% |
| 2018 | 24.9% | +2.1% |
| 2019 | 24.5% | -1.3% |
| 2020 | 23.0% | -6.2% |
| 2021 | 23.3% | +1.4% |
| 2022 | 23.8% | +1.9% |
| 2023 | 24.5% | +3.0% |
| 2024 | 23.8% | -2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.9% | 16.9% | 16.9% | 10 |
| 1980s | 16.9% | 16.2% | 17.3% | 10 |
| 1990s | 20.8% | 16.3% | 27.6% | 10 |
| 2000s | 23.0% | 21.5% | 25.5% | 10 |
| 2010s | 23.3% | 22.2% | 24.9% | 10 |
| 2020s | 23.7% | 23.0% | 24.5% | 5 |
Countries ranked near Cuba
- 100 Cote d'Ivoire 23.9% compare
- 101 Madagascar 23.9% compare
- 102 Australia 23.9% compare
- 104 Solomon Islands 23.4% compare
- 105 Mali 23.4% compare
- 106 Armenia 23.1% compare
More economy & growth data for Cuba
- Gross value added at basic prices (GVA) (current LCU), annual growth 29.99 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9929 current LCU per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (current LCU), per capita 97,292 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual -1.01 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7499 constant 2015 US$ per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 7,350 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth -1.01 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.4684 constant LCU per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (constant LCU), per capita 4,591 constant LCU per person (2024)
- GDP (current US$), annual growth rate 3.79 % 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 23.8% 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 27.6% in 1997.
- What is the lowest industry (including construction), value added recorded in Cuba?
- The lowest recorded value was 16.2% in 1987.
- How does Cuba rank for industry (including construction), value added?
- Cuba ranks 103rd out of 207 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Cuba?
- Over the last ten years it is up 7.7%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.