Manufacturing, value added in Cuba
Cuba: Manufacturing, value added was -10.1% in 2024. ◆ Volatile
Manufacturing, value added in Cuba, 1971–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, manufacturing, value added in Cuba stood at -10.1%.
The figure is down 47.1% on the previous year and down 179.1% over ten years.
Over the whole period, manufacturing, value added in Cuba peaked at 19.3% in 1981 and was at its lowest, -16.5%, in 1992.
Cuba ranks 184th of 189 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% | 0.9% | 9.6% | 9 |
| 1980s | 3.8% | -5.7% | 19.3% | 10 |
| 1990s | -1.5% | -16.5% | 7.9% | 10 |
| 2000s | 3.5% | -2.0% | 9.6% | 10 |
| 2010s | -0.1% | -6.1% | 6.3% | 10 |
| 2020s | -10.8% | -15.8% | -6.8% | 5 |
Countries ranked near Cuba
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 manufacturing, value added in Cuba?
- Manufacturing, value added in Cuba was -10.1% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Cuba?
- The highest recorded value was 19.3% in 1981.
- What is the lowest manufacturing, value added recorded in Cuba?
- The lowest recorded value was -16.5% in 1992.
- How does Cuba rank for manufacturing, value added?
- Cuba ranks 184th out of 189 countries with data for 2024.
- Is manufacturing, value added rising or falling in Cuba?
- Over the last ten years it is down 179.1%. 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 Manufacturing, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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.