Net primary income (Net income from abroad) (current LCU) in Cuba
Cuba: Net primary income (Net income from abroad) (current LCU) was -1.55 billion current LCU in 2019. ◆ Volatile
Net primary income (Net income from abroad) in Cuba, 1970–2019
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Cuba recorded -1.55 billion current LCU for net primary income (net income from abroad) in 2019.
That represents a change of down 5.4% on the previous year and up 5.4% over ten years.
Over the whole period, net primary income (net income from abroad) in Cuba peaked at -109.00 million current LCU in 1970 and was at its lowest, -1.64 billion current LCU, in 2009.
Cuba ranks 87th of 209 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net primary income (Net income from abroad) (current LCU) in Cuba, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | -109.00 million current LCU | — |
| 1971 | -132.40 million current LCU | +21.5% |
| 1972 | -148.51 million current LCU | +12.2% |
| 1973 | -158.60 million current LCU | +6.8% |
| 1974 | -178.96 million current LCU | +12.8% |
| 1975 | -204.44 million current LCU | +14.2% |
| 1976 | -216.90 million current LCU | +6.1% |
| 1977 | -226.29 million current LCU | +4.3% |
| 1978 | -263.16 million current LCU | +16.3% |
| 1979 | -272.05 million current LCU | +3.4% |
| 1980 | -274.66 million current LCU | +1.0% |
| 1981 | -322.19 million current LCU | +17.3% |
| 1982 | -344.69 million current LCU | +7.0% |
| 1983 | -361.61 million current LCU | +4.9% |
| 1984 | -388.80 million current LCU | +7.5% |
| 1985 | -415.66 million current LCU | +6.9% |
| 1986 | -399.74 million current LCU | -3.8% |
| 1987 | -392.54 million current LCU | -1.8% |
| 1988 | -353.49 million current LCU | -9.9% |
| 1989 | -330.44 million current LCU | -6.5% |
| 1990 | -459.09 million current LCU | +38.9% |
| 1991 | -332.59 million current LCU | -27.6% |
| 1992 | -240.41 million current LCU | -27.7% |
| 1993 | -263.80 million current LCU | +9.7% |
| 1994 | -422.80 million current LCU | +60.3% |
| 1995 | -524.80 million current LCU | +24.1% |
| 1996 | -492.80 million current LCU | -6.1% |
| 1997 | -483.50 million current LCU | -1.9% |
| 1998 | -448.60 million current LCU | -7.2% |
| 1999 | -514.90 million current LCU | +14.8% |
| 2000 | -621.90 million current LCU | +20.8% |
| 2001 | -503.60 million current LCU | -19.0% |
| 2002 | -610.57 million current LCU | +21.2% |
| 2003 | -560.40 million current LCU | -8.2% |
| 2004 | -650.20 million current LCU | +16.0% |
| 2005 | -633.20 million current LCU | -2.6% |
| 2006 | -618.00 million current LCU | -2.4% |
| 2007 | -959.70 million current LCU | +55.3% |
| 2008 | -1.06 billion current LCU | +10.0% |
| 2009 | -1.64 billion current LCU | +55.7% |
| 2010 | -1.43 billion current LCU | -12.8% |
| 2011 | -1.06 billion current LCU | -25.7% |
| 2012 | -995.00 million current LCU | -6.5% |
| 2013 | -922.00 million current LCU | -7.3% |
| 2014 | -1.05 billion current LCU | +14.3% |
| 2015 | -1.12 billion current LCU | +6.2% |
| 2016 | -1.28 billion current LCU | +14.7% |
| 2017 | -1.35 billion current LCU | +5.5% |
| 2018 | -1.48 billion current LCU | +8.9% |
| 2019 | -1.55 billion current LCU | +5.4% |
Cuba compared with similar countries
- Cuba's -1.55 billion current LCU is above the median for upper middle income countries, which is -9.61 billion current LCU, 16% of the median. (59 countries reporting)
- Cuba's -1.55 billion current LCU is above the median for Latin America & Caribbean, which is -4.90 billion current LCU, 32% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -191.03 million current LCU | -272.05 million current LCU | -109.00 million current LCU | 10 |
| 1980s | -358.38 million current LCU | -415.66 million current LCU | -274.66 million current LCU | 10 |
| 1990s | -418.33 million current LCU | -524.80 million current LCU | -240.41 million current LCU | 10 |
| 2000s | -785.58 million current LCU | -1.64 billion current LCU | -503.60 million current LCU | 10 |
| 2010s | -1.23 billion current LCU | -1.55 billion current LCU | -922.00 million current LCU | 10 |
Countries ranked near Cuba
- 84 Sierra Leone -1.14 billion current LCU compare
- 85 Cayman Islands -1.24 billion current LCU compare
- 86 Bahrain -1.43 billion current LCU compare
- 88 Lithuania -1.94 billion current LCU compare
- 89 Mauritania -2.33 billion current LCU compare
- 90 Oman -2.37 billion current LCU compare
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 net primary income (net income from abroad) in Cuba?
- Net primary income (net income from abroad) in Cuba was -1.55 billion current LCU in 2019, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net primary income (net income from abroad) recorded in Cuba?
- The highest recorded value was -109.00 million current LCU in 1970.
- What is the lowest net primary income (net income from abroad) recorded in Cuba?
- The lowest recorded value was -1.64 billion current LCU in 2009.
- How does Cuba rank for net primary income (net income from abroad)?
- Cuba ranks 87th out of 209 countries with data for 2019.
- Is net primary income (net income from abroad) rising or falling in Cuba?
- Over the last ten years it is up 5.4%. 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 Net primary income (Net income from abroad) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). 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.