Services, value added (constant 2015 US$), per unit of GDP (unit GDP) in Cuba
Cuba: Services, value added (constant 2015 US$), per unit of GDP (unit GDP) was 0.5615 constant 2015 US$ per US$ of GDP in 2020. ▼ Falling
Services, value added (constant 2015 US$), per unit of GDP in Cuba, 1996–2020
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
In 2020, services, value added (constant 2015 us$), per unit of gdp in Cuba stood at 0.5615 constant 2015 US$ per US$ of GDP. That is the lowest value across all 25 years on record.
Compared with earlier readings it is down 14.5% on the previous year and down 39.7% over ten years.
Over the whole period, services, value added (constant 2015 us$), per unit of gdp in Cuba peaked at 1.04 constant 2015 US$ per US$ of GDP in 1998 and was at its lowest, 0.5615 constant 2015 US$ per US$ of GDP, in 2020.
That places Cuba 52nd out of 195 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Services, value added (constant 2015 US$), per unit of GDP (unit GDP) in Cuba, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1996 | 1 constant 2015 US$ per US$ of GDP | — |
| 1997 | 1.01 constant 2015 US$ per US$ of GDP | +0.5% |
| 1998 | 1.04 constant 2015 US$ per US$ of GDP | +3.1% |
| 1999 | 0.995 constant 2015 US$ per US$ of GDP | -4.3% |
| 2000 | 0.969 constant 2015 US$ per US$ of GDP | -2.6% |
| 2001 | 0.9863 constant 2015 US$ per US$ of GDP | +1.8% |
| 2002 | 0.9506 constant 2015 US$ per US$ of GDP | -3.6% |
| 2003 | 0.9355 constant 2015 US$ per US$ of GDP | -1.6% |
| 2004 | 0.9396 constant 2015 US$ per US$ of GDP | +0.4% |
| 2005 | 0.9612 constant 2015 US$ per US$ of GDP | +2.3% |
| 2006 | 0.9448 constant 2015 US$ per US$ of GDP | -1.7% |
| 2007 | 0.919 constant 2015 US$ per US$ of GDP | -2.7% |
| 2008 | 0.9236 constant 2015 US$ per US$ of GDP | +0.5% |
| 2009 | 0.9281 constant 2015 US$ per US$ of GDP | +0.5% |
| 2010 | 0.931 constant 2015 US$ per US$ of GDP | +0.3% |
| 2011 | 0.8271 constant 2015 US$ per US$ of GDP | -11.2% |
| 2012 | 0.802 constant 2015 US$ per US$ of GDP | -3.0% |
| 2013 | 0.7781 constant 2015 US$ per US$ of GDP | -3.0% |
| 2014 | 0.7616 constant 2015 US$ per US$ of GDP | -2.1% |
| 2015 | 0.7276 constant 2015 US$ per US$ of GDP | -4.5% |
| 2016 | 0.7025 constant 2015 US$ per US$ of GDP | -3.5% |
| 2017 | 0.6767 constant 2015 US$ per US$ of GDP | -3.7% |
| 2018 | 0.6689 constant 2015 US$ per US$ of GDP | -1.1% |
| 2019 | 0.6564 constant 2015 US$ per US$ of GDP | -1.9% |
| 2020 | 0.5615 constant 2015 US$ per US$ of GDP | -14.5% |
Cuba compared with similar countries
- Cuba's 0.5615 constant 2015 US$ per US$ of GDP is above the median for upper middle income countries, which is 0.5012 constant 2015 US$ per US$ of GDP, 1.1× the median. (58 countries reporting)
- Cuba's 0.5615 constant 2015 US$ per US$ of GDP is above the median for Latin America & Caribbean, which is 0.5212 constant 2015 US$ per US$ of GDP, 1.1× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.01 constant 2015 US$ per US$ of GDP | 0.995 constant 2015 US$ per US$ of GDP | 1.04 constant 2015 US$ per US$ of GDP | 4 |
| 2000s | 0.9458 constant 2015 US$ per US$ of GDP | 0.919 constant 2015 US$ per US$ of GDP | 0.9863 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.7532 constant 2015 US$ per US$ of GDP | 0.6564 constant 2015 US$ per US$ of GDP | 0.931 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.5615 constant 2015 US$ per US$ of GDP | 0.5615 constant 2015 US$ per US$ of GDP | 0.5615 constant 2015 US$ per US$ of GDP | 1 |
Countries ranked near Cuba
- 49 Luxembourg 0.5638 constant 2015 US$ per US$ of GDP compare
- 50 Canada 0.5637 constant 2015 US$ per US$ of GDP compare
- 51 Pakistan 0.5634 constant 2015 US$ per US$ of GDP compare
- 53 Cape Verde 0.5562 constant 2015 US$ per US$ of GDP compare
- 54 Grenada 0.5541 constant 2015 US$ per US$ of GDP compare
- 55 China 0.5515 constant 2015 US$ per US$ of GDP 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 services, value added (constant 2015 us$), per unit of gdp in Cuba?
- Services, value added (constant 2015 us$), per unit of gdp in Cuba was 0.5615 constant 2015 US$ per US$ of GDP in 2020, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), per unit of gdp recorded in Cuba?
- The highest recorded value was 1.04 constant 2015 US$ per US$ of GDP in 1998.
- What is the lowest services, value added (constant 2015 us$), per unit of gdp recorded in Cuba?
- The lowest recorded value was 0.5615 constant 2015 US$ per US$ of GDP in 2020.
- How does Cuba rank for services, value added (constant 2015 us$), per unit of gdp?
- Cuba ranks 52nd out of 195 countries with data for 2020.
- Is services, value added (constant 2015 us$), per unit of gdp rising or falling in Cuba?
- Over the last ten years it is down 39.7%. The long-run trend across the full record is falling.
- Where does this Cuba data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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CSV · JSON — 25 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Services, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Services, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.