Taxes less subsidies on products (current LCU) in Cuba
Cuba: Taxes less subsidies on products (current LCU) was 16.49 billion current LCU in 2024. ◆ Volatile
Taxes less subsidies on products in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for taxes less subsidies on products in Cuba is 16.49 billion current LCU, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 122.3% on the previous year and up 1,894.0% over ten years.
Over the whole period, taxes less subsidies on products in Cuba peaked at 16.49 billion current LCU in 2024 and was at its lowest, 319.00 million current LCU, in 2002.
Cuba ranks 121st of 199 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.
Taxes less subsidies on products (current LCU) in Cuba, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 515.67 million current LCU | — |
| 1971 | 626.72 million current LCU | +21.5% |
| 1972 | 702.78 million current LCU | +12.1% |
| 1973 | 749.93 million current LCU | +6.7% |
| 1974 | 845.09 million current LCU | +12.7% |
| 1975 | 968.76 million current LCU | +14.6% |
| 1976 | 1.03 billion current LCU | +6.3% |
| 1977 | 1.07 billion current LCU | +3.9% |
| 1978 | 1.24 billion current LCU | +15.9% |
| 1979 | 1.28 billion current LCU | +3.0% |
| 1980 | 1.32 billion current LCU | +3.7% |
| 1981 | 1.54 billion current LCU | +16.3% |
| 1982 | 1.60 billion current LCU | +3.7% |
| 1983 | 1.67 billion current LCU | +4.6% |
| 1984 | 1.79 billion current LCU | +7.0% |
| 1985 | 2.26 billion current LCU | +26.4% |
| 1986 | 1.83 billion current LCU | -18.9% |
| 1987 | 1.54 billion current LCU | -16.1% |
| 1988 | 1.61 billion current LCU | +4.6% |
| 1989 | 1.48 billion current LCU | -8.2% |
| 1990 | 1.47 billion current LCU | -0.5% |
| 1991 | 713.55 million current LCU | -51.4% |
| 1992 | 879.42 million current LCU | +23.2% |
| 1993 | 1.12 billion current LCU | +27.3% |
| 1994 | 3.70 billion current LCU | +230.6% |
| 1995 | 5.12 billion current LCU | +38.3% |
| 1996 | 375.50 million current LCU | -92.7% |
| 1997 | 336.40 million current LCU | -10.4% |
| 1998 | 361.30 million current LCU | +7.4% |
| 1999 | 388.10 million current LCU | +7.4% |
| 2000 | 395.60 million current LCU | +1.9% |
| 2001 | 403.00 million current LCU | +1.9% |
| 2002 | 319.00 million current LCU | -20.8% |
| 2003 | 370.00 million current LCU | +16.0% |
| 2004 | 395.00 million current LCU | +6.8% |
| 2005 | 494.10 million current LCU | +25.1% |
| 2006 | 590.00 million current LCU | +19.4% |
| 2007 | 660.20 million current LCU | +11.9% |
| 2008 | 895.90 million current LCU | +35.7% |
| 2009 | 628.00 million current LCU | -29.9% |
| 2010 | 658.00 million current LCU | +4.8% |
| 2011 | 780.00 million current LCU | +18.5% |
| 2012 | 823.00 million current LCU | +5.5% |
| 2013 | 891.00 million current LCU | +8.3% |
| 2014 | 827.10 million current LCU | -7.2% |
| 2015 | 916.60 million current LCU | +10.8% |
| 2016 | 978.00 million current LCU | +6.7% |
| 2017 | 993.80 million current LCU | +1.6% |
| 2018 | 1.13 billion current LCU | +13.3% |
| 2019 | 1.53 billion current LCU | +35.7% |
| 2020 | 762.00 million current LCU | -50.1% |
| 2021 | 4.41 billion current LCU | +478.9% |
| 2022 | 5.20 billion current LCU | +17.9% |
| 2023 | 7.42 billion current LCU | +42.7% |
| 2024 | 16.49 billion current LCU | +122.3% |
Cuba compared with similar countries
- Cuba's 16.49 billion current LCU is below the median for upper middle income countries, which is 48.82 billion current LCU, 34% of the median. (55 countries reporting)
- Cuba's 16.49 billion current LCU is above the median for Latin America & Caribbean, which is 10.36 billion current LCU, 1.6× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current LCU) 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 |
|---|---|---|---|
| 2021 | +478.9% | 762.00 million current LCU | 4.41 billion current LCU |
| 1994 | +230.6% | 1.12 billion current LCU | 3.70 billion current LCU |
| 2024 | +122.3% | 7.42 billion current LCU | 16.49 billion current LCU |
| 1996 | -92.7% | 5.12 billion current LCU | 375.50 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 902.34 million current LCU | 515.67 million current LCU | 1.28 billion current LCU | 10 |
| 1980s | 1.66 billion current LCU | 1.32 billion current LCU | 2.26 billion current LCU | 10 |
| 1990s | 1.45 billion current LCU | 336.40 million current LCU | 5.12 billion current LCU | 10 |
| 2000s | 515.08 million current LCU | 319.00 million current LCU | 895.90 million current LCU | 10 |
| 2010s | 952.14 million current LCU | 658.00 million current LCU | 1.53 billion current LCU | 10 |
| 2020s | 6.86 billion current LCU | 762.00 million current LCU | 16.49 billion current LCU | 5 |
Countries ranked near Cuba
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 in Cuba?
- Taxes less subsidies on products in Cuba was 16.49 billion current 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 16.49 billion current LCU in 2024.
- What is the lowest taxes less subsidies on products recorded in Cuba?
- The lowest recorded value was 319.00 million current LCU in 2002.
- How does Cuba rank for taxes less subsidies on products?
- Cuba ranks 121st out of 199 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Cuba?
- Over the last ten years it is up 1,894.0%. The long-run trend across the full record is volatile.
- 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.