Manufacturing, value added in Cuba
Cuba: Manufacturing, value added was 115.82 billion current LCU in 2024. ◆ Volatile
Manufacturing, value added in Cuba, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Cuba recorded 115.82 billion current LCU for manufacturing, value added in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 26.0% on the previous year and up 851.8% over ten years.
Over the whole period, manufacturing, value added in Cuba peaked at 115.82 billion current LCU in 2024 and was at its lowest, 447.37 million current LCU, in 1970.
That places Cuba 100th out of 205 countries with data for 2024, putting it in the middle of the range.
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 | current LCU | Change |
|---|---|---|
| 1970 | 447.37 million current LCU | — |
| 1971 | 543.43 million current LCU | +21.5% |
| 1972 | 609.31 million current LCU | +12.1% |
| 1973 | 650.66 million current LCU | +6.8% |
| 1974 | 734.68 million current LCU | +12.9% |
| 1975 | 839.52 million current LCU | +14.3% |
| 1976 | 890.30 million current LCU | +6.0% |
| 1977 | 926.78 million current LCU | +4.1% |
| 1978 | 1.08 billion current LCU | +16.4% |
| 1979 | 1.12 billion current LCU | +3.8% |
| 1980 | 1.13 billion current LCU | +0.8% |
| 1981 | 1.32 billion current LCU | +16.8% |
| 1982 | 1.40 billion current LCU | +5.8% |
| 1983 | 1.49 billion current LCU | +6.9% |
| 1984 | 1.64 billion current LCU | +9.9% |
| 1985 | 1.69 billion current LCU | +3.4% |
| 1986 | 1.60 billion current LCU | -5.3% |
| 1987 | 1.51 billion current LCU | -6.2% |
| 1988 | 1.61 billion current LCU | +7.1% |
| 1989 | 1.57 billion current LCU | -2.4% |
| 1990 | 1.54 billion current LCU | -2.3% |
| 1991 | 1.39 billion current LCU | -9.3% |
| 1992 | 1.46 billion current LCU | +4.6% |
| 1993 | 1.48 billion current LCU | +1.6% |
| 1994 | 2.26 billion current LCU | +52.5% |
| 1995 | 2.73 billion current LCU | +20.8% |
| 1996 | 4.42 billion current LCU | +61.8% |
| 1997 | 4.64 billion current LCU | +5.2% |
| 1998 | 4.35 billion current LCU | -6.4% |
| 1999 | 4.71 billion current LCU | +8.4% |
| 2000 | 5.02 billion current LCU | +6.5% |
| 2001 | 5.09 billion current LCU | +1.4% |
| 2002 | 5.16 billion current LCU | +1.3% |
| 2003 | 5.11 billion current LCU | -0.9% |
| 2004 | 5.26 billion current LCU | +3.0% |
| 2005 | 5.92 billion current LCU | +12.5% |
| 2006 | 7.08 billion current LCU | +19.5% |
| 2007 | 8.50 billion current LCU | +20.1% |
| 2008 | 8.92 billion current LCU | +4.8% |
| 2009 | 9.30 billion current LCU | +4.3% |
| 2010 | 10.05 billion current LCU | +8.1% |
| 2011 | 10.58 billion current LCU | +5.3% |
| 2012 | 11.78 billion current LCU | +11.3% |
| 2013 | 12.14 billion current LCU | +3.1% |
| 2014 | 12.17 billion current LCU | +0.3% |
| 2015 | 12.99 billion current LCU | +6.7% |
| 2016 | 12.65 billion current LCU | -2.6% |
| 2017 | 13.08 billion current LCU | +3.3% |
| 2018 | 12.82 billion current LCU | -2.0% |
| 2019 | 12.91 billion current LCU | +0.7% |
| 2020 | 12.02 billion current LCU | -6.9% |
| 2021 | 57.44 billion current LCU | +377.9% |
| 2022 | 68.00 billion current LCU | +18.4% |
| 2023 | 91.91 billion current LCU | +35.2% |
| 2024 | 115.82 billion current LCU | +26.0% |
Cuba compared with similar countries
- Cuba's 115.82 billion current LCU is below the median for upper middle income countries, which is 124.95 billion current LCU, 93% of the median. (59 countries reporting)
- Cuba's 115.82 billion current LCU is above the median for Latin America & Caribbean, which is 29.06 billion current LCU, 4.0× the median. (39 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 |
|---|---|---|---|
| 2021 | +377.9% | 12.02 billion current LCU | 57.44 billion current LCU |
| 1996 | +61.8% | 2.73 billion current LCU | 4.42 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 784.19 million current LCU | 447.37 million current LCU | 1.12 billion current LCU | 10 |
| 1980s | 1.50 billion current LCU | 1.13 billion current LCU | 1.69 billion current LCU | 10 |
| 1990s | 2.90 billion current LCU | 1.39 billion current LCU | 4.71 billion current LCU | 10 |
| 2000s | 6.54 billion current LCU | 5.02 billion current LCU | 9.30 billion current LCU | 10 |
| 2010s | 12.12 billion current LCU | 10.05 billion current LCU | 13.08 billion current LCU | 10 |
| 2020s | 69.04 billion current LCU | 12.02 billion current LCU | 115.82 billion current LCU | 5 |
Countries ranked near Cuba
- 97 Guinea-Bissau 126.50 billion current LCU compare
- 98 Guatemala 124.95 billion current LCU compare
- 99 Netherlands 118.91 billion current LCU compare
- 101 Guyana 107.27 billion current LCU compare
- 102 Afghanistan 106.23 billion current LCU compare
- 103 Nicaragua 102.52 billion current LCU compare
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 115.82 billion current 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 115.82 billion current LCU in 2024.
- What is the lowest manufacturing, value added recorded in Cuba?
- The lowest recorded value was 447.37 million current LCU in 1970.
- How does Cuba rank for manufacturing, value added?
- Cuba ranks 100th out of 205 countries with data for 2024.
- Is manufacturing, value added rising or falling in Cuba?
- Over the last ten years it is up 851.8%. 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 (current LCU). 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.