Manufacturing, value added (current US$) in Cuba
Cuba: Manufacturing, value added (current US$) was 12.02 billion current US$ in 2020. ◆ Volatile
Manufacturing, value added in Cuba, 1970–2020
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for manufacturing, value added in Cuba is 12.02 billion current US$, measured in 2020.
The figure is down 6.9% on the previous year and up 29.1% over ten years.
Over the whole period, manufacturing, value added in Cuba peaked at 13.08 billion current US$ in 2017 and was at its lowest, 447.37 million current US$, in 1970.
That places Cuba 72nd out of 205 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Manufacturing, value added (current US$) in Cuba, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 447.37 million current US$ | — |
| 1971 | 543.43 million current US$ | +21.5% |
| 1972 | 639.36 million current US$ | +17.7% |
| 1973 | 784.87 million current US$ | +22.8% |
| 1974 | 895.95 million current US$ | +14.2% |
| 1975 | 1.02 billion current US$ | +14.3% |
| 1976 | 1.08 billion current US$ | +5.9% |
| 1977 | 1.12 billion current US$ | +3.0% |
| 1978 | 1.40 billion current US$ | +25.5% |
| 1979 | 1.54 billion current US$ | +9.5% |
| 1980 | 1.57 billion current US$ | +2.2% |
| 1981 | 1.59 billion current US$ | +1.3% |
| 1982 | 1.64 billion current US$ | +3.3% |
| 1983 | 1.74 billion current US$ | +5.8% |
| 1984 | 1.87 billion current US$ | +7.4% |
| 1985 | 1.85 billion current US$ | -0.9% |
| 1986 | 1.93 billion current US$ | +4.1% |
| 1987 | 1.91 billion current US$ | -0.6% |
| 1988 | 2.13 billion current US$ | +11.1% |
| 1989 | 2.02 billion current US$ | -5.1% |
| 1990 | 2.04 billion current US$ | +1.4% |
| 1991 | 1.90 billion current US$ | -6.9% |
| 1992 | 1.97 billion current US$ | +3.6% |
| 1993 | 2.00 billion current US$ | +1.6% |
| 1994 | 3.05 billion current US$ | +52.5% |
| 1995 | 3.48 billion current US$ | +14.1% |
| 1996 | 4.42 billion current US$ | +26.8% |
| 1997 | 4.64 billion current US$ | +5.2% |
| 1998 | 4.35 billion current US$ | -6.4% |
| 1999 | 4.71 billion current US$ | +8.4% |
| 2000 | 5.02 billion current US$ | +6.5% |
| 2001 | 5.09 billion current US$ | +1.4% |
| 2002 | 5.16 billion current US$ | +1.3% |
| 2003 | 5.11 billion current US$ | -0.9% |
| 2004 | 5.26 billion current US$ | +3.0% |
| 2005 | 5.92 billion current US$ | +12.5% |
| 2006 | 6.55 billion current US$ | +10.7% |
| 2007 | 7.87 billion current US$ | +20.1% |
| 2008 | 8.26 billion current US$ | +4.8% |
| 2009 | 8.61 billion current US$ | +4.3% |
| 2010 | 9.31 billion current US$ | +8.1% |
| 2011 | 10.58 billion current US$ | +13.7% |
| 2012 | 11.78 billion current US$ | +11.3% |
| 2013 | 12.14 billion current US$ | +3.1% |
| 2014 | 12.17 billion current US$ | +0.3% |
| 2015 | 12.99 billion current US$ | +6.7% |
| 2016 | 12.65 billion current US$ | -2.6% |
| 2017 | 13.08 billion current US$ | +3.3% |
| 2018 | 12.82 billion current US$ | -2.0% |
| 2019 | 12.91 billion current US$ | +0.7% |
| 2020 | 12.02 billion current US$ | -6.9% |
Cuba compared with similar countries
- Cuba's 12.02 billion current US$ is above the median for upper middle income countries, which is 4.09 billion current US$, 2.9× the median. (59 countries reporting)
- Cuba's 12.02 billion current US$ is above the median for Latin America & Caribbean, which is 3.69 billion current US$, 3.3× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Manufacturing, value added (current US$) 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 |
|---|---|---|---|
| 1994 | +52.5% | 2.00 billion current US$ | 3.05 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 947.25 million current US$ | 447.37 million current US$ | 1.54 billion current US$ | 10 |
| 1980s | 1.82 billion current US$ | 1.57 billion current US$ | 2.13 billion current US$ | 10 |
| 1990s | 3.26 billion current US$ | 1.90 billion current US$ | 4.71 billion current US$ | 10 |
| 2000s | 6.29 billion current US$ | 5.02 billion current US$ | 8.61 billion current US$ | 10 |
| 2010s | 12.04 billion current US$ | 9.31 billion current US$ | 13.08 billion current US$ | 10 |
| 2020s | 12.02 billion current US$ | 12.02 billion current US$ | 12.02 billion current US$ | 1 |
Countries ranked near Cuba
More economy & growth data for Cuba
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, US dollar, per capita 0 units per person (2016)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, SDR, per capita 0 units per person (2016)
- IMF holdings of currency, US dollar, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, US dollar, per capita 0 units per person (2016)
- IMF holdings of currency, SDR, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, SDR, per capita 0 units per person (2016)
Frequently asked questions
- What is manufacturing, value added in Cuba?
- Manufacturing, value added in Cuba was 12.02 billion current US$ in 2020, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Cuba?
- The highest recorded value was 13.08 billion current US$ in 2017.
- What is the lowest manufacturing, value added recorded in Cuba?
- The lowest recorded value was 447.37 million current US$ in 1970.
- How does Cuba rank for manufacturing, value added?
- Cuba ranks 72nd out of 205 countries with data for 2020.
- Is manufacturing, value added rising or falling in Cuba?
- Over the last ten years it is up 29.1%. 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 (current US$). 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 indicator is expressed in United States dollars.