Taxes less subsidies on products (current LCU), per unit of GDP (unit) in Cuba
Cuba: Taxes less subsidies on products (current LCU), per unit of GDP (unit) was 0.0071 current LCU per US$ of GDP in 2020. ◆ Volatile
Taxes less subsidies on products (current LCU), per unit of GDP in Cuba, 1970–2020
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for taxes less subsidies on products (current lcu), per unit of gdp in Cuba is 0.0071 current 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 52.0% on the previous year and down 35.7% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), per unit of gdp in Cuba peaked at 0.1683 current LCU per US$ of GDP in 1995 and was at its lowest, 0.0071 current LCU per US$ of GDP, in 2020.
Cuba ranks 189th of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current LCU), per unit of GDP (unit) in Cuba, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.0906 current LCU per US$ of GDP | — |
| 1971 | 0.0906 current LCU per US$ of GDP | +0.1% |
| 1972 | 0.0864 current LCU per US$ of GDP | -4.7% |
| 1973 | 0.0751 current LCU per US$ of GDP | -13.1% |
| 1974 | 0.0741 current LCU per US$ of GDP | -1.3% |
| 1975 | 0.0744 current LCU per US$ of GDP | +0.4% |
| 1976 | 0.0746 current LCU per US$ of GDP | +0.4% |
| 1977 | 0.0753 current LCU per US$ of GDP | +0.9% |
| 1978 | 0.0694 current LCU per US$ of GDP | -7.8% |
| 1979 | 0.0652 current LCU per US$ of GDP | -6.2% |
| 1980 | 0.0665 current LCU per US$ of GDP | +2.0% |
| 1981 | 0.0764 current LCU per US$ of GDP | +15.0% |
| 1982 | 0.0762 current LCU per US$ of GDP | -0.3% |
| 1983 | 0.0752 current LCU per US$ of GDP | -1.3% |
| 1984 | 0.0744 current LCU per US$ of GDP | -1.2% |
| 1985 | 0.0986 current LCU per US$ of GDP | +32.6% |
| 1986 | 0.0757 current LCU per US$ of GDP | -23.3% |
| 1987 | 0.061 current LCU per US$ of GDP | -19.4% |
| 1988 | 0.0586 current LCU per US$ of GDP | -3.9% |
| 1989 | 0.0546 current LCU per US$ of GDP | -6.7% |
| 1990 | 0.0513 current LCU per US$ of GDP | -6.1% |
| 1991 | 0.0293 current LCU per US$ of GDP | -42.8% |
| 1992 | 0.0398 current LCU per US$ of GDP | +35.7% |
| 1993 | 0.0501 current LCU per US$ of GDP | +25.7% |
| 1994 | 0.1301 current LCU per US$ of GDP | +159.9% |
| 1995 | 0.1683 current LCU per US$ of GDP | +29.3% |
| 1996 | 0.015 current LCU per US$ of GDP | -91.1% |
| 1997 | 0.0133 current LCU per US$ of GDP | -11.6% |
| 1998 | 0.014 current LCU per US$ of GDP | +5.9% |
| 1999 | 0.0137 current LCU per US$ of GDP | -2.5% |
| 2000 | 0.0129 current LCU per US$ of GDP | -5.4% |
| 2001 | 0.0127 current LCU per US$ of GDP | -1.7% |
| 2002 | 0.0095 current LCU per US$ of GDP | -25.3% |
| 2003 | 0.0103 current LCU per US$ of GDP | +8.5% |
| 2004 | 0.0103 current LCU per US$ of GDP | +0.3% |
| 2005 | 0.0116 current LCU per US$ of GDP | +12.1% |
| 2006 | 0.0121 current LCU per US$ of GDP | +4.3% |
| 2007 | 0.0122 current LCU per US$ of GDP | +0.7% |
| 2008 | 0.0159 current LCU per US$ of GDP | +30.8% |
| 2009 | 0.0109 current LCU per US$ of GDP | -31.3% |
| 2010 | 0.011 current LCU per US$ of GDP | +1.1% |
| 2011 | 0.0113 current LCU per US$ of GDP | +2.3% |
| 2012 | 0.0113 current LCU per US$ of GDP | -0.5% |
| 2013 | 0.0115 current LCU per US$ of GDP | +2.6% |
| 2014 | 0.0103 current LCU per US$ of GDP | -11.2% |
| 2015 | 0.0105 current LCU per US$ of GDP | +2.6% |
| 2016 | 0.0107 current LCU per US$ of GDP | +1.8% |
| 2017 | 0.0103 current LCU per US$ of GDP | -4.1% |
| 2018 | 0.0113 current LCU per US$ of GDP | +9.7% |
| 2019 | 0.0148 current LCU per US$ of GDP | +31.3% |
| 2020 | 0.0071 current LCU per US$ of GDP | -52.0% |
Cuba compared with similar countries
- Cuba's 0.0071 current LCU per US$ of GDP is below the median for upper middle income countries, which is 0.7836 current LCU per US$ of GDP, 1% of the median. (55 countries reporting)
- Cuba's 0.0071 current LCU per US$ of GDP is below the median for Latin America & Caribbean, which is 0.4274 current LCU per US$ of GDP, 2% of the median. (38 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current LCU), per unit of GDP (unit) 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 |
|---|---|---|---|
| 1994 | +159.9% | 0.0501 current LCU per US$ of GDP | 0.1301 current LCU per US$ of GDP |
| 1996 | -91.1% | 0.1683 current LCU per US$ of GDP | 0.015 current LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0776 current LCU per US$ of GDP | 0.0652 current LCU per US$ of GDP | 0.0906 current LCU per US$ of GDP | 10 |
| 1980s | 0.0717 current LCU per US$ of GDP | 0.0546 current LCU per US$ of GDP | 0.0986 current LCU per US$ of GDP | 10 |
| 1990s | 0.0525 current LCU per US$ of GDP | 0.0133 current LCU per US$ of GDP | 0.1683 current LCU per US$ of GDP | 10 |
| 2000s | 0.0118 current LCU per US$ of GDP | 0.0095 current LCU per US$ of GDP | 0.0159 current LCU per US$ of GDP | 10 |
| 2010s | 0.0113 current LCU per US$ of GDP | 0.0103 current LCU per US$ of GDP | 0.0148 current LCU per US$ of GDP | 10 |
| 2020s | 0.0071 current LCU per US$ of GDP | 0.0071 current LCU per US$ of GDP | 0.0071 current LCU per US$ of GDP | 1 |
Countries ranked near Cuba
- 186 Qatar 0.0205 current LCU per US$ of GDP compare
- 187 Macao Special Administrative Region, People's Republic of China 0.0183 current LCU per US$ of GDP compare
- 188 Bahrain, Kingdom of 0.0159 current LCU per US$ of GDP compare
- 190 Isle of Man 0.0024 current LCU per US$ of GDP compare
- 191 Venezuela, República Bolivariana de 0 current LCU per US$ of GDP compare
- 192 Oman -0.0021 current LCU per US$ of GDP 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 taxes less subsidies on products (current lcu), per unit of gdp in Cuba?
- Taxes less subsidies on products (current lcu), per unit of gdp in Cuba was 0.0071 current LCU per US$ of GDP in 2020, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), per unit of gdp recorded in Cuba?
- The highest recorded value was 0.1683 current LCU per US$ of GDP in 1995.
- What is the lowest taxes less subsidies on products (current lcu), per unit of gdp recorded in Cuba?
- The lowest recorded value was 0.0071 current LCU per US$ of GDP in 2020.
- How does Cuba rank for taxes less subsidies on products (current lcu), per unit of gdp?
- Cuba ranks 189th out of 197 countries with data for 2020.
- Is taxes less subsidies on products (current lcu), per unit of gdp rising or falling in Cuba?
- Over the last ten years it is down 35.7%. 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 Taxes less subsidies on products (current 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 (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current LCU) ÷ GDP (current US$)
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 (current 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.