Services, value added (current US$), annual growth rate in Cuba
Cuba: Services, value added (current US$), annual growth rate was 8.37 % change on previous year in 2020. ◆ Volatile
Services, value added (current US$), annual growth rate in Cuba, 1997–2020
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for services, value added (current us$), annual growth rate in Cuba is 8.37 % change on previous year, measured in 2020.
The figure is up 128.8% on the previous year and up 129.7% over ten years.
Over the whole period, services, value added (current us$), annual growth rate in Cuba peaked at 16.69 % change on previous year in 2011 and was at its lowest, 0.1823 % change on previous year, in 1997.
Cuba ranks 113th of 204 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$), annual growth rate in Cuba, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1997 | 0.1823 % change on previous year | — |
| 1998 | 5.67 % change on previous year | +3010.3% |
| 1999 | 11.13 % change on previous year | +96.3% |
| 2000 | 6.88 % change on previous year | -38.2% |
| 2001 | 5.08 % change on previous year | -26.2% |
| 2002 | 9.03 % change on previous year | +77.8% |
| 2003 | 8.9 % change on previous year | -1.4% |
| 2004 | 7.52 % change on previous year | -15.6% |
| 2005 | 13.97 % change on previous year | +85.8% |
| 2006 | 15.02 % change on previous year | +7.6% |
| 2007 | 9.85 % change on previous year | -34.4% |
| 2008 | 3.59 % change on previous year | -63.5% |
| 2009 | 2.28 % change on previous year | -36.6% |
| 2010 | 3.64 % change on previous year | +59.9% |
| 2011 | 16.69 % change on previous year | +357.9% |
| 2012 | 4.06 % change on previous year | -75.7% |
| 2013 | 5.64 % change on previous year | +39.1% |
| 2014 | 6.17 % change on previous year | +9.3% |
| 2015 | 7.84 % change on previous year | +27.1% |
| 2016 | 3.84 % change on previous year | -51.0% |
| 2017 | 4.19 % change on previous year | +9.0% |
| 2018 | 2.42 % change on previous year | -42.1% |
| 2019 | 3.66 % change on previous year | +50.9% |
| 2020 | 8.37 % change on previous year | +128.8% |
Cuba compared with similar countries
- Cuba's 8.37 % change on previous year is below the median for upper middle income countries, which is 8.4 % change on previous year, 100% of the median. (58 countries reporting)
- Cuba's 8.37 % change on previous year is above the median for Latin America & Caribbean, which is 5.66 % change on previous year, 1.5× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Services, value added (current US$), annual growth rate in Cuba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | +3010.3% | 0.1823 % change on previous year | 5.67 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.66 % change on previous year | 0.1823 % change on previous year | 11.13 % change on previous year | 3 |
| 2000s | 8.21 % change on previous year | 2.28 % change on previous year | 15.02 % change on previous year | 10 |
| 2010s | 5.82 % change on previous year | 2.42 % change on previous year | 16.69 % change on previous year | 10 |
| 2020s | 8.37 % change on previous year | 8.37 % change on previous year | 8.37 % change on previous year | 1 |
Countries ranked near Cuba
- 110 Eswatini 8.42 % change on previous year compare
- 111 Saint Vincent and the Grenadines 8.4 % change on previous year compare
- 112 Fiji 8.4 % change on previous year compare
- 114 India 8.19 % change on previous year compare
- 115 Switzerland 8.04 % change on previous year compare
- 116 Chile 8.04 % change on previous year compare
More economy & growth data for Cuba
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ 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 us$), annual growth rate in Cuba?
- Services, value added (current us$), annual growth rate in Cuba was 8.37 % change on previous year in 2020, according to Statizoid (derived).
- What is the highest services, value added (current us$), annual growth rate recorded in Cuba?
- The highest recorded value was 16.69 % change on previous year in 2011.
- What is the lowest services, value added (current us$), annual growth rate recorded in Cuba?
- The lowest recorded value was 0.1823 % change on previous year in 1997.
- How does Cuba rank for services, value added (current us$), annual growth rate?
- Cuba ranks 113th out of 204 countries with data for 2020.
- Is services, value added (current us$), annual growth rate rising or falling in Cuba?
- Over the last ten years it is up 129.7%. 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 (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current US$). 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 (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.