Services, value added (constant LCU), annual growth rate in Cuba
Cuba: Services, value added (constant LCU), annual growth rate was -0.0515 % change on previous year in 2024. ◆ Volatile
Services, value added (constant LCU), annual growth rate in Cuba, 1997–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Cuba recorded -0.0515 % change on previous year for services, value added (constant lcu), annual growth rate in 2024.
That represents a change of up 96.7% on the previous year and down 102.2% over ten years.
Over the whole period, services, value added (constant lcu), annual growth rate in Cuba peaked at 14.19 % change on previous year in 2005 and was at its lowest, -11.21 % change on previous year, in 2020.
Cuba ranks 179th of 196 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant LCU), annual growth rate in Cuba, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1997 | 1.85 % change on previous year | — |
| 1998 | 4.57 % change on previous year | +146.6% |
| 1999 | 5.48 % change on previous year | +19.9% |
| 2000 | 4.94 % change on previous year | -9.8% |
| 2001 | 5.51 % change on previous year | +11.6% |
| 2002 | 2.18 % change on previous year | -60.4% |
| 2003 | 5.18 % change on previous year | +137.3% |
| 2004 | 6.88 % change on previous year | +32.9% |
| 2005 | 14.19 % change on previous year | +106.1% |
| 2006 | 12.57 % change on previous year | -11.4% |
| 2007 | 8.07 % change on previous year | -35.8% |
| 2008 | 4.28 % change on previous year | -47.0% |
| 2009 | 2.59 % change on previous year | -39.5% |
| 2010 | 3.95 % change on previous year | +52.7% |
| 2011 | 2.9 % change on previous year | -26.5% |
| 2012 | 2.8 % change on previous year | -3.6% |
| 2013 | 2.33 % change on previous year | -16.8% |
| 2014 | 2.33 % change on previous year | -0.0% |
| 2015 | 3.21 % change on previous year | +37.6% |
| 2016 | 1.24 % change on previous year | -61.3% |
| 2017 | 2.11 % change on previous year | +69.7% |
| 2018 | 2.12 % change on previous year | +0.8% |
| 2019 | 1.44 % change on previous year | -32.2% |
| 2020 | -11.21 % change on previous year | -878.5% |
| 2021 | 4.11 % change on previous year | -136.7% |
| 2022 | 4.26 % change on previous year | +3.6% |
| 2023 | -1.58 % change on previous year | -137.0% |
| 2024 | -0.0515 % change on previous year | -96.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.96 % change on previous year | 1.85 % change on previous year | 5.48 % change on previous year | 3 |
| 2000s | 6.64 % change on previous year | 2.18 % change on previous year | 14.19 % change on previous year | 10 |
| 2010s | 2.44 % change on previous year | 1.24 % change on previous year | 3.95 % change on previous year | 10 |
| 2020s | -0.8927 % change on previous year | -11.21 % change on previous year | 4.26 % change on previous year | 5 |
Countries ranked near Cuba
- 176 Italy 0.2904 % change on previous year compare
- 177 Slovakia 0.086 % change on previous year compare
- 178 South Africa 0.0003 % change on previous year compare
- 180 New Zealand -0.1118 % change on previous year compare
- 181 Estonia -0.1133 % change on previous year compare
- 182 Finland -0.1332 % change on previous year compare
More economy & growth data for Cuba
- Manufacturing, value added (current US$), per unit of GDP 0.112 current US$ per US$ of GDP (2020)
- Manufacturing, value added (current US$), per capita 1,075 current US$ per person (2020)
- Manufacturing, value added (current LCU), per unit of GDP 0.112 current LCU per US$ of GDP (2020)
- Manufacturing, value added (current LCU), per capita 10,549 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0902 constant 2015 US$ per US$ of GDP (2020)
- Manufacturing, value added (constant 2015 US$), per capita 580.05 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 321.68 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual -2.68 % change on previous year (2020)
- Industry (including construction), value added (current US$), per 0.2302 current US$ per US$ of GDP (2020)
- Industry (including construction), value added (current US$), per 2,211 current US$ per person (2020)
Frequently asked questions
- What is services, value added (constant lcu), annual growth rate in Cuba?
- Services, value added (constant lcu), annual growth rate in Cuba was -0.0515 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant lcu), annual growth rate recorded in Cuba?
- The highest recorded value was 14.19 % change on previous year in 2005.
- What is the lowest services, value added (constant lcu), annual growth rate recorded in Cuba?
- The lowest recorded value was -11.21 % change on previous year in 2020.
- How does Cuba rank for services, value added (constant lcu), annual growth rate?
- Cuba ranks 179th out of 196 countries with data for 2024.
- Is services, value added (constant lcu), annual growth rate rising or falling in Cuba?
- Over the last ten years it is down 102.2%. The long-run trend across the full record is volatile.
- Where does this Cuba data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Services, value added (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
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
The year-on-year percentage change in Services, value added (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.