Net secondary income (Net current transfers from abroad) in Cuba
Cuba: Net secondary income (Net current transfers from abroad) was 1.89 billion current US$ 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 US$.
Analysis
The most recent figure for net secondary income (net current transfers from abroad) in Cuba is 1.89 billion current US$, measured in 2019. That is the highest value across all 26 years on record.
The figure is up 148.8% on the previous year and up 766.8% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Cuba peaked at 1.89 billion current US$ in 2019 and was at its lowest, -394.00 million current US$, in 2012.
Cuba ranks 56th of 202 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income (Net current transfers from abroad) in Cuba, year by year
| Year | current US$ | Change |
|---|---|---|
| 1993 | 355.27 million current US$ | — |
| 1994 | 635.40 million current US$ | +78.9% |
| 1995 | 824.97 million current US$ | +29.8% |
| 1996 | 743.70 million current US$ | -9.9% |
| 1997 | 791.70 million current US$ | +6.5% |
| 1998 | 813.00 million current US$ | +2.7% |
| 1999 | 798.90 million current US$ | -1.7% |
| 2000 | 740.40 million current US$ | -7.3% |
| 2001 | 812.90 million current US$ | +9.8% |
| 2003 | 977.60 million current US$ | +20.3% |
| 2004 | 973.90 million current US$ | -0.4% |
| 2005 | -367.20 million current US$ | -137.7% |
| 2006 | 257.13 million current US$ | -170.0% |
| 2007 | -184.26 million current US$ | -171.7% |
| 2008 | 446.20 million current US$ | -342.2% |
| 2009 | 217.59 million current US$ | -51.2% |
| 2010 | -181.48 million current US$ | -183.4% |
| 2011 | 261.00 million current US$ | -243.8% |
| 2012 | -394.00 million current US$ | -251.0% |
| 2013 | -220.00 million current US$ | -44.2% |
| 2014 | 220.00 million current US$ | -200.0% |
| 2015 | 219.00 million current US$ | -0.5% |
| 2016 | 617.00 million current US$ | +181.7% |
| 2017 | 464.00 million current US$ | -24.8% |
| 2018 | 758.00 million current US$ | +63.4% |
| 2019 | 1.89 billion current US$ | +148.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 708.99 million current US$ | 355.27 million current US$ | 824.97 million current US$ | 7 |
| 2000s | 430.47 million current US$ | -367.20 million current US$ | 977.60 million current US$ | 9 |
| 2010s | 362.95 million current US$ | -394.00 million current US$ | 1.89 billion current US$ | 10 |
Countries ranked near Cuba
- 53 Haiti 2.17 billion current US$ compare
- 54 Botswana 2.06 billion current US$ compare
- 55 Uganda 2.06 billion current US$ compare
- 57 Republic of Moldova 1.85 billion current US$ compare
- 58 Palestine, State of 1.79 billion current US$ compare
- 59 Tajikistan 1.72 billion current US$ compare
More economy & growth data for Cuba
- GNI (current LCU), annual growth rate 3.35 % change on previous year (2019)
- GNI (current LCU), per unit of GDP 0.985 current LCU per US$ of GDP (2019)
- GNI (current LCU), per capita 9,094 current LCU per person (2019)
- Net primary income (Net income from abroad) (current US$), annual -5.36 % change on previous year (2019)
- Net primary income (Net income from abroad) (current LCU), annual -5.36 % change on previous year (2019)
- Taxes less subsidies on products (current US$), annual growth rate -50.13 % change on previous year (2020)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0071 current US$ per US$ of GDP (2020)
- Taxes less subsidies on products (current US$), per capita 68.18 current US$ per person (2020)
- Taxes less subsidies on products (current LCU), annual growth rate 122.26 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0071 current LCU per US$ of GDP (2020)
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 US$ 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 US$ 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 US$ in 2012.
- How does Cuba rank for net secondary income (net current transfers from abroad)?
- Cuba ranks 56th 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 766.8%. 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 US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.