Manufacturing, value added in Cuba
Cuba: Manufacturing, value added was 10.7% in 2024. ▲ Rising
Manufacturing, value added in Cuba, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, manufacturing, value added in Cuba stood at 10.7%.
The figure is down 3.7% on the previous year and down 29.2% over ten years.
Over the whole period, manufacturing, value added in Cuba peaked at 18.3% in 1997 and was at its lowest, 7.1%, in 1990.
That places Cuba 93rd out of 203 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.
Manufacturing, value added in Cuba, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 7.9% | — |
| 1971 | 7.9% | +0.0% |
| 1972 | 7.9% | +0.0% |
| 1973 | 7.9% | -0.0% |
| 1974 | 7.9% | -0.0% |
| 1975 | 7.9% | +0.0% |
| 1976 | 7.9% | +0.1% |
| 1977 | 7.9% | -0.1% |
| 1978 | 7.9% | -0.1% |
| 1979 | 7.8% | -0.2% |
| 1980 | 7.9% | +0.5% |
| 1981 | 7.9% | +0.1% |
| 1982 | 7.8% | -0.6% |
| 1983 | 7.8% | -0.2% |
| 1984 | 7.8% | -0.8% |
| 1985 | 8.1% | +4.0% |
| 1986 | 7.9% | -1.5% |
| 1987 | 7.6% | -4.5% |
| 1988 | 7.7% | +2.0% |
| 1989 | 7.5% | -3.6% |
| 1990 | 7.1% | -4.4% |
| 1991 | 7.8% | +9.6% |
| 1992 | 8.9% | +14.1% |
| 1993 | 9.0% | +0.3% |
| 1994 | 10.7% | +19.9% |
| 1995 | 11.4% | +6.7% |
| 1996 | 17.7% | +54.2% |
| 1997 | 18.3% | +3.7% |
| 1998 | 16.9% | -7.7% |
| 1999 | 16.6% | -1.7% |
| 2000 | 16.4% | -1.2% |
| 2001 | 16.1% | -2.2% |
| 2002 | 15.4% | -4.4% |
| 2003 | 14.2% | -7.3% |
| 2004 | 13.8% | -3.2% |
| 2005 | 13.9% | +0.8% |
| 2006 | 13.4% | -3.4% |
| 2007 | 14.5% | +8.1% |
| 2008 | 14.7% | +1.0% |
| 2009 | 15.0% | +2.2% |
| 2010 | 15.6% | +4.3% |
| 2011 | 15.3% | -1.9% |
| 2012 | 16.1% | +5.0% |
| 2013 | 15.7% | -2.3% |
| 2014 | 15.1% | -4.1% |
| 2015 | 14.9% | -1.2% |
| 2016 | 13.9% | -7.1% |
| 2017 | 13.5% | -2.5% |
| 2018 | 12.8% | -5.1% |
| 2019 | 12.5% | -2.6% |
| 2020 | 11.2% | -10.3% |
| 2021 | 10.5% | -5.9% |
| 2022 | 10.7% | +1.9% |
| 2023 | 11.1% | +3.2% |
| 2024 | 10.7% | -3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.9% | 7.8% | 7.9% | 10 |
| 1980s | 7.8% | 7.5% | 8.1% | 10 |
| 1990s | 12.4% | 7.1% | 18.3% | 10 |
| 2000s | 14.7% | 13.4% | 16.4% | 10 |
| 2010s | 14.5% | 12.5% | 16.1% | 10 |
| 2020s | 10.8% | 10.5% | 11.2% | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Gross value added at basic prices (GVA) (current LCU), annual growth 29.99 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9929 current LCU per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (current LCU), per capita 97,292 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual -1.01 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7499 constant 2015 US$ per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 7,350 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth -1.01 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.4684 constant LCU per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (constant LCU), per capita 4,591 constant LCU per person (2024)
- GDP (current US$), annual growth rate 3.79 % change on previous year (2020)
Frequently asked questions
- What is manufacturing, value added in Cuba?
- Manufacturing, value added in Cuba was 10.7% 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 18.3% in 1997.
- What is the lowest manufacturing, value added recorded in Cuba?
- The lowest recorded value was 7.1% in 1990.
- How does Cuba rank for manufacturing, value added?
- Cuba ranks 93rd out of 203 countries with data for 2024.
- Is manufacturing, value added rising or falling in Cuba?
- Over the last ten years it is down 29.2%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.