Taxes less subsidies on products in Cuba
Cuba: Taxes less subsidies on products was 289.00 million constant LCU in 2024. ▲ Rising
Latest (2024)
289.00 million constant LCU
Change on year
down 9.7%
World rank
164th
of 187 countries
All-time high
698.00 million constant LCU
in 2008
All-time low
197.38 million constant LCU
in 1970
Years of data
55
1970–2024
Taxes less subsidies on products in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Cuba recorded 289.00 million constant LCU for taxes less subsidies on products in 2024.
The figure is down 9.7% on the previous year and down 49.7% over ten years.
Over the whole period, taxes less subsidies on products in Cuba peaked at 698.00 million constant LCU in 2008 and was at its lowest, 197.38 million constant LCU, in 1970.
Cuba ranks 164th of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Taxes less subsidies on products in Cuba, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 197.38 million constant LCU | — |
| 1971 | 214.35 million constant LCU | +8.6% |
| 1972 | 224.72 million constant LCU | +4.8% |
| 1973 | 232.40 million constant LCU | +3.4% |
| 1974 | 234.52 million constant LCU | +0.9% |
| 1975 | 256.95 million constant LCU | +9.6% |
| 1976 | 271.08 million constant LCU | +5.5% |
| 1977 | 294.66 million constant LCU | +8.7% |
| 1978 | 313.66 million constant LCU | +6.4% |
| 1979 | 315.94 million constant LCU | +0.7% |
| 1980 | 303.13 million constant LCU | -4.1% |
| 1981 | 362.88 million constant LCU | +19.7% |
| 1982 | 393.60 million constant LCU | +8.5% |
| 1983 | 411.74 million constant LCU | +4.6% |
| 1984 | 437.82 million constant LCU | +6.3% |
| 1985 | 475.76 million constant LCU | +8.7% |
| 1986 | 457.68 million constant LCU | -3.8% |
| 1987 | 435.16 million constant LCU | -4.9% |
| 1988 | 439.84 million constant LCU | +1.1% |
| 1989 | 419.69 million constant LCU | -4.6% |
| 1990 | 382.17 million constant LCU | -8.9% |
| 1991 | 359.38 million constant LCU | -6.0% |
| 1992 | 341.12 million constant LCU | -5.1% |
| 1993 | 281.90 million constant LCU | -17.4% |
| 1994 | 304.74 million constant LCU | +8.1% |
| 1995 | 322.54 million constant LCU | +5.8% |
| 1996 | 339.80 million constant LCU | +5.3% |
| 1997 | 336.40 million constant LCU | -1.0% |
| 1998 | 337.20 million constant LCU | +0.2% |
| 1999 | 333.80 million constant LCU | -1.0% |
| 2000 | 344.60 million constant LCU | +3.2% |
| 2001 | 335.30 million constant LCU | -2.7% |
| 2002 | 338.60 million constant LCU | +1.0% |
| 2003 | 377.50 million constant LCU | +11.5% |
| 2004 | 452.20 million constant LCU | +19.8% |
| 2005 | 528.60 million constant LCU | +16.9% |
| 2006 | 657.00 million constant LCU | +24.3% |
| 2007 | 651.70 million constant LCU | -0.8% |
| 2008 | 698.00 million constant LCU | +7.1% |
| 2009 | 443.00 million constant LCU | -36.5% |
| 2010 | 462.00 million constant LCU | +4.3% |
| 2011 | 609.00 million constant LCU | +31.8% |
| 2012 | 596.00 million constant LCU | -2.1% |
| 2013 | 645.00 million constant LCU | +8.2% |
| 2014 | 575.00 million constant LCU | -10.9% |
| 2015 | 653.70 million constant LCU | +13.7% |
| 2016 | 534.70 million constant LCU | -18.2% |
| 2017 | 449.15 million constant LCU | -16.0% |
| 2018 | 469.40 million constant LCU | +4.5% |
| 2019 | 441.00 million constant LCU | -6.1% |
| 2020 | 418.00 million constant LCU | -5.2% |
| 2021 | 398.00 million constant LCU | -4.8% |
| 2022 | 357.00 million constant LCU | -10.3% |
| 2023 | 320.00 million constant LCU | -10.4% |
| 2024 | 289.00 million constant LCU | -9.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 255.57 million constant LCU | 197.38 million constant LCU | 315.94 million constant LCU | 10 |
| 1980s | 413.73 million constant LCU | 303.13 million constant LCU | 475.76 million constant LCU | 10 |
| 1990s | 333.90 million constant LCU | 281.90 million constant LCU | 382.17 million constant LCU | 10 |
| 2000s | 482.65 million constant LCU | 335.30 million constant LCU | 698.00 million constant LCU | 10 |
| 2010s | 543.49 million constant LCU | 441.00 million constant LCU | 653.70 million constant LCU | 10 |
| 2020s | 356.40 million constant LCU | 289.00 million constant LCU | 418.00 million constant LCU | 5 |
Countries ranked near Cuba
- 161 Samoa 405.45 million constant LCU compare
- 162 Dominica 381.56 million constant LCU compare
- 163 Saint Kitts and Nevis 301.60 million constant LCU compare
- 165 Sao Tome and Principe 288.16 million constant LCU compare
- 166 Bermuda 285.30 million constant LCU compare
- 167 Sudan 280.08 million constant LCU compare
More economy & growth data for Cuba
- Gross value added at basic prices (GVA) (current US$), annual growth 4.6 % change on previous year (2020)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9929 current US$ per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (current US$), per capita 9,537 current US$ per person (2020)
- Gross value added at basic prices (GVA) (current LCU), annual growth 29.99 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9929 current LCU per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (current LCU), per capita 97,292 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual -1.01 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7499 constant 2015 US$ per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 7,350 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth -1.01 % change on previous year (2024)
Frequently asked questions
- What is taxes less subsidies on products in Cuba?
- Taxes less subsidies on products in Cuba was 289.00 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Cuba?
- The highest recorded value was 698.00 million constant LCU in 2008.
- What is the lowest taxes less subsidies on products recorded in Cuba?
- The lowest recorded value was 197.38 million constant LCU in 1970.
- How does Cuba rank for taxes less subsidies on products?
- Cuba ranks 164th out of 187 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Cuba?
- Over the last ten years it is down 49.7%. The long-run trend across the full record is rising.
- Where does this Cuba data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.