Net secondary income (Net current transfers from abroad) in Cuba
Cuba: Net secondary income (Net current transfers from abroad) was 1.89 billion current LCU in 2019. ◆ Volatile
Net secondary income (Net current transfers from abroad) in Cuba, 1993–2019
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2019, net secondary income (net current transfers from abroad) in Cuba stood at 1.89 billion current LCU. That is the highest value across all 26 years on record.
Compared with earlier readings it is up 148.8% on the previous year and up 702.6% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Cuba peaked at 1.89 billion current LCU in 2019 and was at its lowest, -394.00 million current LCU, in 2012.
That places Cuba 108th out of 202 countries with data for 2019, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income (Net current transfers from abroad) in Cuba, year by year
| Year | current LCU | Change |
|---|---|---|
| 1993 | 262.90 million current LCU | — |
| 1994 | 470.20 million current LCU | +78.9% |
| 1995 | 646.20 million current LCU | +37.4% |
| 1996 | 743.70 million current LCU | +15.1% |
| 1997 | 791.70 million current LCU | +6.5% |
| 1998 | 813.00 million current LCU | +2.7% |
| 1999 | 798.90 million current LCU | -1.7% |
| 2000 | 740.40 million current LCU | -7.3% |
| 2001 | 812.90 million current LCU | +9.8% |
| 2003 | 977.60 million current LCU | +20.3% |
| 2004 | 973.90 million current LCU | -0.4% |
| 2005 | -367.20 million current LCU | -137.7% |
| 2006 | 277.70 million current LCU | -175.6% |
| 2007 | -199.00 million current LCU | -171.7% |
| 2008 | 481.90 million current LCU | -342.2% |
| 2009 | 235.00 million current LCU | -51.2% |
| 2010 | -196.00 million current LCU | -183.4% |
| 2011 | 261.00 million current LCU | -233.2% |
| 2012 | -394.00 million current LCU | -251.0% |
| 2013 | -220.00 million current LCU | -44.2% |
| 2014 | 220.00 million current LCU | -200.0% |
| 2015 | 219.00 million current LCU | -0.5% |
| 2016 | 617.00 million current LCU | +181.7% |
| 2017 | 464.00 million current LCU | -24.8% |
| 2018 | 758.00 million current LCU | +63.4% |
| 2019 | 1.89 billion current LCU | +148.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 646.66 million current LCU | 262.90 million current LCU | 813.00 million current LCU | 7 |
| 2000s | 437.02 million current LCU | -367.20 million current LCU | 977.60 million current LCU | 9 |
| 2010s | 361.50 million current LCU | -394.00 million current LCU | 1.89 billion current LCU | 10 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Gross domestic savings (current US$), annual growth rate -16.59 % change on previous year (2020)
- Gross domestic savings (current US$), per unit of GDP 0.1053 current US$ per US$ of GDP (2020)
- Gross domestic savings (current US$), per capita 1,011 current US$ per person (2020)
- Gross domestic savings (current LCU), annual growth rate -161.38 % change on previous year (2024)
- Gross domestic savings (current LCU), per unit of GDP 0.1053 current LCU per US$ of GDP (2020)
- Gross domestic savings (current LCU), per capita -15,519 current LCU per person (2024)
- GNI, Atlas method (current US$), annual growth rate 3.2 % change on previous year (2019)
- GNI, Atlas method (current US$), per unit of GDP 0.9759 current US$ per US$ of GDP (2019)
- GNI, Atlas method (current US$), per capita 9,010 current US$ per person (2019)
- GNI (current US$), annual growth rate 3.35 % change on previous year (2019)
Frequently asked questions
- What is net secondary income (net current transfers from abroad) in Cuba?
- Net secondary income (net current transfers from abroad) in Cuba was 1.89 billion current LCU in 2019, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net secondary income (net current transfers from abroad) recorded in Cuba?
- The highest recorded value was 1.89 billion current LCU in 2019.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Cuba?
- The lowest recorded value was -394.00 million current LCU in 2012.
- How does Cuba rank for net secondary income (net current transfers from abroad)?
- Cuba ranks 108th out of 202 countries with data for 2019.
- Is net secondary income (net current transfers from abroad) rising or falling in Cuba?
- Over the last ten years it is up 702.6%. 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 secondary income (Net current transfers from abroad) (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. 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.