Manufacturing, value added in Cuba
Cuba: Manufacturing, value added was 3.53 billion constant LCU in 2024. ▲ Rising
Manufacturing, value added in Cuba, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Cuba recorded 3.53 billion constant LCU for manufacturing, value added in 2024.
That represents a change of down 10.1% on the previous year and down 47.9% over ten years.
Over the whole period, manufacturing, value added in Cuba peaked at 7.20 billion constant LCU in 2015 and was at its lowest, 2.45 billion constant LCU, in 1970.
That places Cuba 140th out of 191 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.17 billion constant LCU | 2.45 billion constant LCU | 3.93 billion constant LCU | 10 |
| 1980s | 5.17 billion constant LCU | 3.76 billion constant LCU | 5.89 billion constant LCU | 10 |
| 1990s | 4.33 billion constant LCU | 3.54 billion constant LCU | 5.29 billion constant LCU | 10 |
| 2000s | 5.35 billion constant LCU | 4.69 billion constant LCU | 6.42 billion constant LCU | 10 |
| 2010s | 6.77 billion constant LCU | 6.29 billion constant LCU | 7.20 billion constant LCU | 10 |
| 2020s | 4.31 billion constant LCU | 3.53 billion constant LCU | 5.37 billion constant LCU | 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 3.53 billion constant LCU 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 7.20 billion constant LCU in 2015.
- What is the lowest manufacturing, value added recorded in Cuba?
- The lowest recorded value was 2.45 billion constant LCU in 1970.
- How does Cuba rank for manufacturing, value added?
- Cuba ranks 140th out of 191 countries with data for 2024.
- Is manufacturing, value added rising or falling in Cuba?
- Over the last ten years it is down 47.9%. 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 Manufacturing, value added (constant 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
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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.