Services, value added (current LCU), per unit of GDP in Cuba
Cuba: Services, value added (current LCU), per unit of GDP was 0.7351 current LCU per US$ of GDP in 2020. ▲ Rising
Services, value added (current LCU), per unit of GDP in Cuba, 1996–2020
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Cuba recorded 0.7351 current LCU per US$ of GDP for services, value added (current lcu), per unit of gdp in 2020.
Compared with earlier readings it is up 4.4% on the previous year and down 6.1% over ten years.
Over the whole period, services, value added (current lcu), per unit of gdp in Cuba peaked at 0.7913 current LCU per US$ of GDP in 2006 and was at its lowest, 0.6391 current LCU per US$ of GDP, in 1997.
That places Cuba 158th out of 204 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Services, value added (current LCU), per unit of GDP in Cuba, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1996 | 0.6468 current LCU per US$ of GDP | — |
| 1997 | 0.6391 current LCU per US$ of GDP | -1.2% |
| 1998 | 0.6656 current LCU per US$ of GDP | +4.1% |
| 1999 | 0.6711 current LCU per US$ of GDP | +0.8% |
| 2000 | 0.6657 current LCU per US$ of GDP | -0.8% |
| 2001 | 0.6749 current LCU per US$ of GDP | +1.4% |
| 2002 | 0.694 current LCU per US$ of GDP | +2.8% |
| 2003 | 0.7072 current LCU per US$ of GDP | +1.9% |
| 2004 | 0.7145 current LCU per US$ of GDP | +1.0% |
| 2005 | 0.7295 current LCU per US$ of GDP | +2.1% |
| 2006 | 0.7913 current LCU per US$ of GDP | +8.5% |
| 2007 | 0.7823 current LCU per US$ of GDP | -1.1% |
| 2008 | 0.7811 current LCU per US$ of GDP | -0.2% |
| 2009 | 0.7825 current LCU per US$ of GDP | +0.2% |
| 2010 | 0.7827 current LCU per US$ of GDP | +0.0% |
| 2011 | 0.7301 current LCU per US$ of GDP | -6.7% |
| 2012 | 0.7166 current LCU per US$ of GDP | -1.8% |
| 2013 | 0.7177 current LCU per US$ of GDP | +0.2% |
| 2014 | 0.7288 current LCU per US$ of GDP | +1.6% |
| 2015 | 0.7276 current LCU per US$ of GDP | -0.2% |
| 2016 | 0.7205 current LCU per US$ of GDP | -1.0% |
| 2017 | 0.7082 current LCU per US$ of GDP | -1.7% |
| 2018 | 0.7021 current LCU per US$ of GDP | -0.9% |
| 2019 | 0.7041 current LCU per US$ of GDP | +0.3% |
| 2020 | 0.7351 current LCU per US$ of GDP | +4.4% |
Cuba compared with similar countries
- Cuba's 0.7351 current LCU per US$ of GDP is below the median for upper middle income countries, which is 10.72 current LCU per US$ of GDP, 7% of the median. (58 countries reporting)
- Cuba's 0.7351 current LCU per US$ of GDP is below the median for Latin America & Caribbean, which is 1.91 current LCU per US$ of GDP, 38% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.6557 current LCU per US$ of GDP | 0.6391 current LCU per US$ of GDP | 0.6711 current LCU per US$ of GDP | 4 |
| 2000s | 0.7323 current LCU per US$ of GDP | 0.6657 current LCU per US$ of GDP | 0.7913 current LCU per US$ of GDP | 10 |
| 2010s | 0.7238 current LCU per US$ of GDP | 0.7021 current LCU per US$ of GDP | 0.7827 current LCU per US$ of GDP | 10 |
| 2020s | 0.7351 current LCU per US$ of GDP | 0.7351 current LCU per US$ of GDP | 0.7351 current LCU per US$ of GDP | 1 |
Countries ranked near Cuba
- 155 Azerbaijan 0.77 current LCU per US$ of GDP compare
- 156 Isle of Man 0.7656 current LCU per US$ of GDP compare
- 157 United States 0.7626 current LCU per US$ of GDP compare
- 159 Palau 0.7308 current LCU per US$ of GDP compare
- 160 Turks and Caicos Islands 0.7264 current LCU per US$ of GDP compare
- 161 Cayman Islands 0.7212 current LCU 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 (current lcu), per unit of gdp in Cuba?
- Services, value added (current lcu), per unit of gdp in Cuba was 0.7351 current LCU per US$ of GDP in 2020, according to Statizoid (derived).
- What is the highest services, value added (current lcu), per unit of gdp recorded in Cuba?
- The highest recorded value was 0.7913 current LCU per US$ of GDP in 2006.
- What is the lowest services, value added (current lcu), per unit of gdp recorded in Cuba?
- The lowest recorded value was 0.6391 current LCU per US$ of GDP in 1997.
- How does Cuba rank for services, value added (current lcu), per unit of gdp?
- Cuba ranks 158th out of 204 countries with data for 2020.
- Is services, value added (current lcu), per unit of gdp rising or falling in Cuba?
- Over the last ten years it is down 6.1%. The long-run trend across the full record is rising.
- Where does this Cuba data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current 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 (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (current LCU) ÷ GDP (current US$)
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 (current 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.