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 187th of 192 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Manufacturing, value added in Cuba, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 8.6% | — |
| 1972 | 4.8% | -43.9% |
| 1973 | 3.4% | -29.2% |
| 1974 | 0.9% | -72.3% |
| 1975 | 9.6% | +913.7% |
| 1976 | 5.4% | -43.1% |
| 1977 | 8.6% | +58.5% |
| 1978 | 6.5% | -24.7% |
| 1979 | 0.9% | -85.5% |
| 1980 | -4.1% | -539.0% |
| 1981 | 19.3% | -566.6% |
| 1982 | 8.4% | -56.6% |
| 1983 | 5.2% | -37.4% |
| 1984 | 7.5% | +42.5% |
| 1985 | 7.0% | -5.8% |
| 1986 | -5.7% | -180.5% |
| 1987 | -3.7% | -35.3% |
| 1988 | 5.4% | -246.8% |
| 1989 | -1.1% | -121.2% |
| 1990 | -5.0% | +343.8% |
| 1991 | -9.5% | +88.1% |
| 1992 | -16.5% | +73.9% |
| 1993 | -11.5% | -30.4% |
| 1994 | 7.6% | -166.5% |
| 1995 | 6.4% | -15.9% |
| 1996 | 7.9% | +22.7% |
| 1997 | 6.2% | -21.6% |
| 1998 | -8.1% | -231.6% |
| 1999 | 7.2% | -188.5% |
| 2000 | 5.1% | -28.4% |
| 2001 | -0.6% | -111.7% |
| 2002 | 0.2% | -125.1% |
| 2003 | -2.0% | -1416.1% |
| 2004 | 2.5% | -225.1% |
| 2005 | 9.5% | +283.1% |
| 2006 | 4.7% | -50.9% |
| 2007 | 9.6% | +107.0% |
| 2008 | 5.2% | -45.9% |
| 2009 | 0.9% | -82.5% |
| 2010 | 1.1% | +19.4% |
| 2011 | 3.9% | +261.8% |
| 2012 | 2.2% | -44.4% |
| 2013 | 2.1% | -6.1% |
| 2014 | -3.6% | -275.3% |
| 2015 | 6.3% | -273.7% |
| 2016 | -5.2% | -182.8% |
| 2017 | -1.1% | -79.2% |
| 2018 | -0.9% | -15.1% |
| 2019 | -6.1% | +566.5% |
| 2020 | -14.6% | +138.9% |
| 2021 | -15.8% | +8.2% |
| 2022 | -6.8% | -57.1% |
| 2023 | -6.9% | +1.3% |
| 2024 | -10.1% | +47.1% |
Cuba compared with similar countries
- Cuba's -10.1% is below the median for upper middle income countries, which is 2.4%. (56 countries reporting)
- Cuba's -10.1% is below the median for Latin America & Caribbean, which is 2.0%. (37 countries reporting)
Biggest year-on-year movements
Years where Manufacturing, value added in Cuba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | -1416.1% | 0.2% | -2.0% |
| 1975 | +913.7% | 0.9% | 9.6% |
| 1981 | +566.6% | -4.1% | 19.3% |
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
- 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 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 187th out of 192 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.