Taxes less subsidies on products in Cuba
Cuba: Taxes less subsidies on products was 16.49 billion current LCU in 2024. ◆ Volatile
Latest (2024)
16.49 billion current LCU
Change on year
up 122.3%
World rank
121st
of 197 countries
All-time high
16.49 billion current LCU
in 2024
All-time low
319.00 million current LCU
in 2002
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 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 197 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 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% |
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
- Gross domestic savings (current US$), annual growth rate -16.59 % change on previous year (2020)
- Gross domestic savings (current US$), per unit of GDP 0.1053 current US$ per US$ of GDP (2020)
- Gross domestic savings (current US$), per capita 1,011 current US$ per person (2020)
- Gross domestic savings (current LCU), annual growth rate -161.38 % change on previous year (2024)
- Gross domestic savings (current LCU), per unit of GDP 0.1053 current LCU per US$ of GDP (2020)
- Gross domestic savings (current LCU), per capita -15,519 current LCU per person (2024)
- GNI, Atlas method (current US$), annual growth rate 3.2 % change on previous year (2019)
- GNI, Atlas method (current US$), per unit of GDP 0.9759 current US$ per US$ of GDP (2019)
- GNI, Atlas method (current US$), per capita 9,010 current US$ per person (2019)
- GNI (current US$), annual growth rate 3.35 % change on previous year (2019)
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 197 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.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.