Manufacturing, value added in Cuba
Cuba: Manufacturing, value added 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$, in 1970.
That places Cuba 72nd out of 205 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Manufacturing, value added in Cuba, year by year
| Year | current US$ | 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$, 3.3× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Manufacturing, value added in Cuba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +52.5% | 2.00 billion current US$ | 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
- 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$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is manufacturing, value added in Cuba?
- Manufacturing, value added in Cuba was 12.02 billion current US$ 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.
Download this data
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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.