Services, value added (constant LCU), per unit of GDP in Cuba
Cuba: Services, value added (constant LCU), per unit of GDP was 0.3557 constant LCU per US$ of GDP in 2020. ▼ Falling
Services, value added (constant LCU), per unit of GDP in Cuba, 1996–2020
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2020, services, value added (constant lcu), per unit of gdp in Cuba stood at 0.3557 constant LCU per US$ of GDP. That is the lowest value across all 25 years on record.
That represents a change of down 14.5% on the previous year and down 39.7% over ten years.
Over the whole period, services, value added (constant lcu), per unit of gdp in Cuba peaked at 0.6586 constant LCU per US$ of GDP in 1998 and was at its lowest, 0.3557 constant LCU per US$ of GDP, in 2020.
Cuba ranks 186th of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Services, value added (constant LCU), per unit of GDP in Cuba, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1996 | 0.6362 constant LCU per US$ of GDP | — |
| 1997 | 0.6391 constant LCU per US$ of GDP | +0.5% |
| 1998 | 0.6586 constant LCU per US$ of GDP | +3.1% |
| 1999 | 0.6303 constant LCU per US$ of GDP | -4.3% |
| 2000 | 0.6138 constant LCU per US$ of GDP | -2.6% |
| 2001 | 0.6248 constant LCU per US$ of GDP | +1.8% |
| 2002 | 0.6022 constant LCU per US$ of GDP | -3.6% |
| 2003 | 0.5926 constant LCU per US$ of GDP | -1.6% |
| 2004 | 0.5952 constant LCU per US$ of GDP | +0.4% |
| 2005 | 0.6089 constant LCU per US$ of GDP | +2.3% |
| 2006 | 0.5986 constant LCU per US$ of GDP | -1.7% |
| 2007 | 0.5822 constant LCU per US$ of GDP | -2.7% |
| 2008 | 0.5851 constant LCU per US$ of GDP | +0.5% |
| 2009 | 0.5879 constant LCU per US$ of GDP | +0.5% |
| 2010 | 0.5898 constant LCU per US$ of GDP | +0.3% |
| 2011 | 0.524 constant LCU per US$ of GDP | -11.2% |
| 2012 | 0.5081 constant LCU per US$ of GDP | -3.0% |
| 2013 | 0.4929 constant LCU per US$ of GDP | -3.0% |
| 2014 | 0.4825 constant LCU per US$ of GDP | -2.1% |
| 2015 | 0.4609 constant LCU per US$ of GDP | -4.5% |
| 2016 | 0.445 constant LCU per US$ of GDP | -3.5% |
| 2017 | 0.4287 constant LCU per US$ of GDP | -3.7% |
| 2018 | 0.4238 constant LCU per US$ of GDP | -1.1% |
| 2019 | 0.4158 constant LCU per US$ of GDP | -1.9% |
| 2020 | 0.3557 constant LCU per US$ of GDP | -14.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.6411 constant LCU per US$ of GDP | 0.6303 constant LCU per US$ of GDP | 0.6586 constant LCU per US$ of GDP | 4 |
| 2000s | 0.5991 constant LCU per US$ of GDP | 0.5822 constant LCU per US$ of GDP | 0.6248 constant LCU per US$ of GDP | 10 |
| 2010s | 0.4771 constant LCU per US$ of GDP | 0.4158 constant LCU per US$ of GDP | 0.5898 constant LCU per US$ of GDP | 10 |
| 2020s | 0.3557 constant LCU per US$ of GDP | 0.3557 constant LCU per US$ of GDP | 0.3557 constant LCU per US$ of GDP | 1 |
Countries ranked near Cuba
- 183 Jordan 0.3865 constant LCU per US$ of GDP compare
- 184 Lithuania 0.3804 constant LCU per US$ of GDP compare
- 185 Bulgaria 0.3773 constant LCU per US$ of GDP compare
- 187 Micronesia, Federated States of 0.344 constant LCU per US$ of GDP compare
- 188 Montenegro 0.324 constant LCU per US$ of GDP compare
- 189 Liberia 0.3063 constant LCU per US$ of GDP compare
More economy & growth data for Cuba
- Gross capital formation (current US$), annual growth rate -10.83 % change on previous year (2020)
- Gross capital formation (current US$), per unit of GDP 0.0987 current US$ per US$ of GDP (2020)
- Gross capital formation (current US$), per capita 948.52 current US$ per person (2020)
- Gross capital formation (current LCU), annual growth rate 47.89 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 0.0987 current LCU per US$ of GDP (2020)
- Gross capital formation (current LCU), per capita 23,922 current LCU per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate 3.31 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.0801 constant 2015 US$ per US$ of GDP (2020)
- Gross capital formation (constant 2015 US$), per capita 775.66 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate -26.47 % change on previous year (2020)
Frequently asked questions
- What is services, value added (constant lcu), per unit of gdp in Cuba?
- Services, value added (constant lcu), per unit of gdp in Cuba was 0.3557 constant LCU per US$ of GDP in 2020, according to Statizoid (derived).
- What is the highest services, value added (constant lcu), per unit of gdp recorded in Cuba?
- The highest recorded value was 0.6586 constant LCU per US$ of GDP in 1998.
- What is the lowest services, value added (constant lcu), per unit of gdp recorded in Cuba?
- The lowest recorded value was 0.3557 constant LCU per US$ of GDP in 2020.
- How does Cuba rank for services, value added (constant lcu), per unit of gdp?
- Cuba ranks 186th out of 197 countries with data for 2020.
- Is services, value added (constant lcu), 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 LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Services, value added (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (constant LCU) ÷ GDP (current US$)
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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.