Taxes less subsidies on products (current LCU), annual growth rate in Cuba
Cuba: Taxes less subsidies on products (current LCU), annual growth rate was 122.26 % change on previous year in 2024. ◆ Volatile
Taxes less subsidies on products (current LCU), annual growth rate in Cuba, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Cuba recorded 122.26 % change on previous year for taxes less subsidies on products (current lcu), annual growth rate in 2024.
That represents a change of up 186.2% on the previous year and up 1,804.8% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), annual growth rate in Cuba peaked at 478.87 % change on previous year in 2021 and was at its lowest, -92.67 % change on previous year, in 1996.
That places Cuba 3rd out of 197 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current LCU), annual growth rate in Cuba, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 21.53 % change on previous year | — |
| 1972 | 12.14 % change on previous year | -43.6% |
| 1973 | 6.71 % change on previous year | -44.7% |
| 1974 | 12.69 % change on previous year | +89.2% |
| 1975 | 14.63 % change on previous year | +15.3% |
| 1976 | 6.25 % change on previous year | -57.3% |
| 1977 | 3.91 % change on previous year | -37.4% |
| 1978 | 15.87 % change on previous year | +305.7% |
| 1979 | 2.99 % change on previous year | -81.2% |
| 1980 | 3.74 % change on previous year | +25.1% |
| 1981 | 16.32 % change on previous year | +337.0% |
| 1982 | 3.69 % change on previous year | -77.4% |
| 1983 | 4.63 % change on previous year | +25.4% |
| 1984 | 7.02 % change on previous year | +51.5% |
| 1985 | 26.44 % change on previous year | +276.9% |
| 1986 | -18.94 % change on previous year | -171.6% |
| 1987 | -16.11 % change on previous year | -14.9% |
| 1988 | 4.63 % change on previous year | -128.7% |
| 1989 | -8.22 % change on previous year | -277.8% |
| 1990 | -0.5161 % change on previous year | -93.7% |
| 1991 | -51.42 % change on previous year | +9863.6% |
| 1992 | 23.25 % change on previous year | -145.2% |
| 1993 | 27.32 % change on previous year | +17.5% |
| 1994 | 230.57 % change on previous year | +743.9% |
| 1995 | 38.34 % change on previous year | -83.4% |
| 1996 | -92.67 % change on previous year | -341.7% |
| 1997 | -10.41 % change on previous year | -88.8% |
| 1998 | 7.4 % change on previous year | -171.1% |
| 1999 | 7.42 % change on previous year | +0.2% |
| 2000 | 1.93 % change on previous year | -73.9% |
| 2001 | 1.87 % change on previous year | -3.2% |
| 2002 | -20.84 % change on previous year | -1214.3% |
| 2003 | 15.99 % change on previous year | -176.7% |
| 2004 | 6.76 % change on previous year | -57.7% |
| 2005 | 25.09 % change on previous year | +271.3% |
| 2006 | 19.41 % change on previous year | -22.6% |
| 2007 | 11.9 % change on previous year | -38.7% |
| 2008 | 35.7 % change on previous year | +200.1% |
| 2009 | -29.9 % change on previous year | -183.8% |
| 2010 | 4.78 % change on previous year | -116.0% |
| 2011 | 18.54 % change on previous year | +288.1% |
| 2012 | 5.51 % change on previous year | -70.3% |
| 2013 | 8.26 % change on previous year | +49.9% |
| 2014 | -7.17 % change on previous year | -186.8% |
| 2015 | 10.82 % change on previous year | -250.9% |
| 2016 | 6.7 % change on previous year | -38.1% |
| 2017 | 1.62 % change on previous year | -75.9% |
| 2018 | 13.29 % change on previous year | +722.6% |
| 2019 | 35.72 % change on previous year | +168.8% |
| 2020 | -50.13 % change on previous year | -240.4% |
| 2021 | 478.87 % change on previous year | -1055.2% |
| 2022 | 17.86 % change on previous year | -96.3% |
| 2023 | 42.72 % change on previous year | +139.1% |
| 2024 | 122.26 % change on previous year | +186.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.75 % change on previous year | 2.99 % change on previous year | 21.53 % change on previous year | 9 |
| 1980s | 2.32 % change on previous year | -18.94 % change on previous year | 26.44 % change on previous year | 10 |
| 1990s | 17.93 % change on previous year | -92.67 % change on previous year | 230.57 % change on previous year | 10 |
| 2000s | 6.79 % change on previous year | -29.9 % change on previous year | 35.7 % change on previous year | 10 |
| 2010s | 9.81 % change on previous year | -7.17 % change on previous year | 35.72 % change on previous year | 10 |
| 2020s | 122.32 % change on previous year | -50.13 % change on previous year | 478.87 % change on previous year | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Gross capital formation (current US$), annual growth rate -10.83 % change on previous year (2020)
- Gross capital formation (current US$), per unit of GDP 0.0987 current US$ per US$ of GDP (2020)
- Gross capital formation (current US$), per capita 948.52 current US$ per person (2020)
- Gross capital formation (current LCU), annual growth rate 47.89 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 0.0987 current LCU per US$ of GDP (2020)
- Gross capital formation (current LCU), per capita 23,922 current LCU per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate 3.31 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.0801 constant 2015 US$ per US$ of GDP (2020)
- Gross capital formation (constant 2015 US$), per capita 775.66 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate -26.47 % change on previous year (2020)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), annual growth rate in Cuba?
- Taxes less subsidies on products (current lcu), annual growth rate in Cuba was 122.26 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), annual growth rate recorded in Cuba?
- The highest recorded value was 478.87 % change on previous year in 2021.
- What is the lowest taxes less subsidies on products (current lcu), annual growth rate recorded in Cuba?
- The lowest recorded value was -92.67 % change on previous year in 1996.
- How does Cuba rank for taxes less subsidies on products (current lcu), annual growth rate?
- Cuba ranks 3rd out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current lcu), annual growth rate rising or falling in Cuba?
- Over the last ten years it is up 1,804.8%. 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 Taxes less subsidies on products (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products 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
The year-on-year percentage change in Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.