Taxes less subsidies on products (constant LCU), per unit of GDP in Cuba
Cuba: Taxes less subsidies on products (constant LCU), per unit of GDP was 0.0039 constant LCU per US$ of GDP in 2020. ▼ Falling
Taxes less subsidies on products (constant LCU), per unit of GDP in Cuba, 1970–2020
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
The most recent figure for taxes less subsidies on products (constant lcu), per unit of gdp in Cuba is 0.0039 constant LCU per US$ of GDP, measured in 2020. That is the lowest value across all 51 years on record.
That represents a change of down 8.7% on the previous year and down 49.8% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), per unit of gdp in Cuba peaked at 0.0347 constant LCU per US$ of GDP in 1970 and was at its lowest, 0.0039 constant LCU per US$ of GDP, in 2020.
Cuba ranks 181st of 189 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 51 years of available data.
Taxes less subsidies on products (constant LCU), per unit of GDP in Cuba, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.0347 constant LCU per US$ of GDP | — |
| 1971 | 0.031 constant LCU per US$ of GDP | -10.6% |
| 1972 | 0.0276 constant LCU per US$ of GDP | -10.9% |
| 1973 | 0.0233 constant LCU per US$ of GDP | -15.8% |
| 1974 | 0.0206 constant LCU per US$ of GDP | -11.6% |
| 1975 | 0.0197 constant LCU per US$ of GDP | -4.1% |
| 1976 | 0.0197 constant LCU per US$ of GDP | -0.3% |
| 1977 | 0.0207 constant LCU per US$ of GDP | +5.5% |
| 1978 | 0.0176 constant LCU per US$ of GDP | -15.3% |
| 1979 | 0.0161 constant LCU per US$ of GDP | -8.2% |
| 1980 | 0.0152 constant LCU per US$ of GDP | -5.6% |
| 1981 | 0.018 constant LCU per US$ of GDP | +18.3% |
| 1982 | 0.0188 constant LCU per US$ of GDP | +4.3% |
| 1983 | 0.0185 constant LCU per US$ of GDP | -1.3% |
| 1984 | 0.0182 constant LCU per US$ of GDP | -1.8% |
| 1985 | 0.0208 constant LCU per US$ of GDP | +14.0% |
| 1986 | 0.0189 constant LCU per US$ of GDP | -9.0% |
| 1987 | 0.0173 constant LCU per US$ of GDP | -8.6% |
| 1988 | 0.016 constant LCU per US$ of GDP | -7.2% |
| 1989 | 0.0155 constant LCU per US$ of GDP | -3.0% |
| 1990 | 0.0133 constant LCU per US$ of GDP | -14.1% |
| 1991 | 0.0148 constant LCU per US$ of GDP | +10.8% |
| 1992 | 0.0154 constant LCU per US$ of GDP | +4.5% |
| 1993 | 0.0126 constant LCU per US$ of GDP | -18.4% |
| 1994 | 0.0107 constant LCU per US$ of GDP | -15.0% |
| 1995 | 0.0106 constant LCU per US$ of GDP | -1.1% |
| 1996 | 0.0136 constant LCU per US$ of GDP | +28.1% |
| 1997 | 0.0133 constant LCU per US$ of GDP | -2.4% |
| 1998 | 0.0131 constant LCU per US$ of GDP | -1.2% |
| 1999 | 0.0118 constant LCU per US$ of GDP | -10.2% |
| 2000 | 0.0113 constant LCU per US$ of GDP | -4.2% |
| 2001 | 0.0106 constant LCU per US$ of GDP | -6.1% |
| 2002 | 0.0101 constant LCU per US$ of GDP | -4.8% |
| 2003 | 0.0105 constant LCU per US$ of GDP | +4.3% |
| 2004 | 0.0118 constant LCU per US$ of GDP | +12.6% |
| 2005 | 0.0124 constant LCU per US$ of GDP | +4.7% |
| 2006 | 0.0135 constant LCU per US$ of GDP | +8.5% |
| 2007 | 0.012 constant LCU per US$ of GDP | -10.7% |
| 2008 | 0.0124 constant LCU per US$ of GDP | +3.2% |
| 2009 | 0.0077 constant LCU per US$ of GDP | -37.8% |
| 2010 | 0.0078 constant LCU per US$ of GDP | +0.6% |
| 2011 | 0.0088 constant LCU per US$ of GDP | +13.8% |
| 2012 | 0.0081 constant LCU per US$ of GDP | -7.7% |
| 2013 | 0.0084 constant LCU per US$ of GDP | +2.6% |
| 2014 | 0.0071 constant LCU per US$ of GDP | -14.7% |
| 2015 | 0.0075 constant LCU per US$ of GDP | +5.2% |
| 2016 | 0.0059 constant LCU per US$ of GDP | -22.0% |
| 2017 | 0.0046 constant LCU per US$ of GDP | -20.8% |
| 2018 | 0.0047 constant LCU per US$ of GDP | +1.2% |
| 2019 | 0.0043 constant LCU per US$ of GDP | -9.1% |
| 2020 | 0.0039 constant LCU per US$ of GDP | -8.7% |
Cuba compared with similar countries
- Cuba's 0.0039 constant LCU per US$ of GDP is below the median for upper middle income countries, which is 0.3532 constant LCU per US$ of GDP, 1% of the median. (54 countries reporting)
- Cuba's 0.0039 constant LCU per US$ of GDP is below the median for Latin America & Caribbean, which is 0.3169 constant LCU per US$ of GDP, 1% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0231 constant LCU per US$ of GDP | 0.0161 constant LCU per US$ of GDP | 0.0347 constant LCU per US$ of GDP | 10 |
| 1980s | 0.0177 constant LCU per US$ of GDP | 0.0152 constant LCU per US$ of GDP | 0.0208 constant LCU per US$ of GDP | 10 |
| 1990s | 0.0129 constant LCU per US$ of GDP | 0.0106 constant LCU per US$ of GDP | 0.0154 constant LCU per US$ of GDP | 10 |
| 2000s | 0.0112 constant LCU per US$ of GDP | 0.0077 constant LCU per US$ of GDP | 0.0135 constant LCU per US$ of GDP | 10 |
| 2010s | 0.0067 constant LCU per US$ of GDP | 0.0043 constant LCU per US$ of GDP | 0.0088 constant LCU per US$ of GDP | 10 |
| 2020s | 0.0039 constant LCU per US$ of GDP | 0.0039 constant LCU per US$ of GDP | 0.0039 constant LCU per US$ of GDP | 1 |
Countries ranked near Cuba
- 178 Macao 0.0181 constant LCU per US$ of GDP compare
- 179 Bahrain 0.0148 constant LCU per US$ of GDP compare
- 180 Sudan 0.0054 constant LCU per US$ of GDP compare
- 182 Kiribati 0.003 constant LCU per US$ of GDP compare
- 183 Isle of Man 0.0029 constant LCU per US$ of GDP compare
- 184 Channel Islands 0 constant LCU per US$ of GDP
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$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is taxes less subsidies on products (constant lcu), per unit of gdp in Cuba?
- Taxes less subsidies on products (constant lcu), per unit of gdp in Cuba was 0.0039 constant LCU per US$ of GDP in 2020, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Cuba?
- The highest recorded value was 0.0347 constant LCU per US$ of GDP in 1970.
- What is the lowest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Cuba?
- The lowest recorded value was 0.0039 constant LCU per US$ of GDP in 2020.
- How does Cuba rank for taxes less subsidies on products (constant lcu), per unit of gdp?
- Cuba ranks 181st out of 189 countries with data for 2020.
- Is taxes less subsidies on products (constant lcu), per unit of gdp rising or falling in Cuba?
- Over the last ten years it is down 49.8%. 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 Taxes less subsidies on products (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (constant LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- 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
Taxes less subsidies on products (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.