Services, value added in Cuba
Cuba: Services, value added was 796.11 billion current LCU in 2024. ◆ Volatile
Services, value added in Cuba, 1996–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, services, value added in Cuba stood at 796.11 billion current LCU. That is the highest value across all 29 years on record.
The figure is up 31.2% on the previous year and up 1,254.2% over ten years.
Over the whole period, services, value added in Cuba peaked at 796.11 billion current LCU in 2024 and was at its lowest, 16.18 billion current LCU, in 1996.
Cuba ranks 94th of 206 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.
Services, value added in Cuba, year by year
| Year | current LCU | Change |
|---|---|---|
| 1996 | 16.18 billion current LCU | — |
| 1997 | 16.21 billion current LCU | +0.2% |
| 1998 | 17.13 billion current LCU | +5.7% |
| 1999 | 19.04 billion current LCU | +11.1% |
| 2000 | 20.35 billion current LCU | +6.9% |
| 2001 | 21.38 billion current LCU | +5.1% |
| 2002 | 23.31 billion current LCU | +9.0% |
| 2003 | 25.39 billion current LCU | +8.9% |
| 2004 | 27.30 billion current LCU | +7.5% |
| 2005 | 31.11 billion current LCU | +14.0% |
| 2006 | 38.65 billion current LCU | +24.2% |
| 2007 | 42.45 billion current LCU | +9.8% |
| 2008 | 43.98 billion current LCU | +3.6% |
| 2009 | 44.98 billion current LCU | +2.3% |
| 2010 | 46.62 billion current LCU | +3.6% |
| 2011 | 50.37 billion current LCU | +8.0% |
| 2012 | 52.41 billion current LCU | +4.1% |
| 2013 | 55.37 billion current LCU | +5.6% |
| 2014 | 58.79 billion current LCU | +6.2% |
| 2015 | 63.40 billion current LCU | +7.8% |
| 2016 | 65.83 billion current LCU | +3.8% |
| 2017 | 68.59 billion current LCU | +4.2% |
| 2018 | 70.25 billion current LCU | +2.4% |
| 2019 | 72.82 billion current LCU | +3.7% |
| 2020 | 78.91 billion current LCU | +8.4% |
| 2021 | 408.70 billion current LCU | +417.9% |
| 2022 | 472.26 billion current LCU | +15.5% |
| 2023 | 607.00 billion current LCU | +28.5% |
| 2024 | 796.11 billion current LCU | +31.2% |
Cuba compared with similar countries
- Cuba's 796.11 billion current LCU is above the median for upper middle income countries, which is 591.41 billion current LCU, 1.3× the median. (58 countries reporting)
- Cuba's 796.11 billion current LCU is above the median for Latin America & Caribbean, which is 74.52 billion current LCU, 10.7× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Services, value added in Cuba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +417.9% | 78.91 billion current LCU | 408.70 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.14 billion current LCU | 16.18 billion current LCU | 19.04 billion current LCU | 4 |
| 2000s | 31.89 billion current LCU | 20.35 billion current LCU | 44.98 billion current LCU | 10 |
| 2010s | 60.44 billion current LCU | 46.62 billion current LCU | 72.82 billion current LCU | 10 |
| 2020s | 472.60 billion current LCU | 78.91 billion current LCU | 796.11 billion current LCU | 5 |
Countries ranked near Cuba
- 91 Morocco 891.96 billion current LCU compare
- 92 Guyana 838.95 billion current LCU compare
- 93 Netherlands 830.47 billion current LCU compare
- 95 Zimbabwe 784.47 billion current LCU compare
- 96 Central African Republic 738.35 billion current LCU compare
- 97 New Caledonia 658.46 billion current LCU compare
More economy & growth data for Cuba
- General government final consumption expenditure (current US$) 25.1 % change on previous year (2020)
- General government final consumption expenditure (current US$), per 0.3885 current US$ per US$ of GDP (2020)
- General government final consumption expenditure (current US$), per 3,731 current US$ per person (2020)
- General government final consumption expenditure (current LCU) 21.52 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 0.3885 current LCU per US$ of GDP (2020)
- General government final consumption expenditure (current LCU), per 24,524 current LCU per person (2024)
- General government final consumption expenditure (constant 2015 US$) -7.43 % change on previous year (2024)
- General government final consumption expenditure (constant 2015 US$) 0.2523 constant 2015 US$ per US$ of GDP (2020)
- General government final consumption expenditure (constant 2015 US$) 2,335 constant 2015 US$ per person (2024)
- Households and NPISHs Final consumption expenditure (current US$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is services, value added in Cuba?
- Services, value added in Cuba was 796.11 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Cuba?
- The highest recorded value was 796.11 billion current LCU in 2024.
- What is the lowest services, value added recorded in Cuba?
- The lowest recorded value was 16.18 billion current LCU in 1996.
- How does Cuba rank for services, value added?
- Cuba ranks 94th out of 206 countries with data for 2024.
- Is services, value added rising or falling in Cuba?
- Over the last ten years it is up 1,254.2%. 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 Services, value added (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.