Taxes less subsidies on products (current US$), per unit of GDP in Cuba
Cuba: Taxes less subsidies on products (current US$), per unit of GDP was 0.0071 current US$ per US$ of GDP in 2020. ◆ Volatile
Taxes less subsidies on products (current US$), per unit of GDP in Cuba, 1970–2020
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Cuba recorded 0.0071 current US$ per US$ of GDP for taxes less subsidies on products (current us$), per unit of gdp in 2020. That is the lowest value across all 51 years on record.
That represents a change of down 52.0% on the previous year and down 30.6% over ten years.
Over the whole period, taxes less subsidies on products (current us$), per unit of gdp in Cuba peaked at 0.2148 current US$ per US$ of GDP in 1995 and was at its lowest, 0.0071 current US$ per US$ of GDP, in 2020.
Cuba ranks 186th 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 US$), per unit of GDP in Cuba, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.0906 current US$ per US$ of GDP | — |
| 1971 | 0.0906 current US$ per US$ of GDP | +0.1% |
| 1972 | 0.0906 current US$ per US$ of GDP | +0.0% |
| 1973 | 0.0906 current US$ per US$ of GDP | -0.1% |
| 1974 | 0.0904 current US$ per US$ of GDP | -0.2% |
| 1975 | 0.0907 current US$ per US$ of GDP | +0.4% |
| 1976 | 0.0909 current US$ per US$ of GDP | +0.3% |
| 1977 | 0.0907 current US$ per US$ of GDP | -0.2% |
| 1978 | 0.0902 current US$ per US$ of GDP | -0.6% |
| 1979 | 0.0893 current US$ per US$ of GDP | -1.0% |
| 1980 | 0.0923 current US$ per US$ of GDP | +3.4% |
| 1981 | 0.0921 current US$ per US$ of GDP | -0.3% |
| 1982 | 0.0897 current US$ per US$ of GDP | -2.6% |
| 1983 | 0.0876 current US$ per US$ of GDP | -2.3% |
| 1984 | 0.0847 current US$ per US$ of GDP | -3.3% |
| 1985 | 0.1077 current US$ per US$ of GDP | +27.2% |
| 1986 | 0.0908 current US$ per US$ of GDP | -15.7% |
| 1987 | 0.0776 current US$ per US$ of GDP | -14.6% |
| 1988 | 0.0773 current US$ per US$ of GDP | -0.3% |
| 1989 | 0.07 current US$ per US$ of GDP | -9.4% |
| 1990 | 0.0682 current US$ per US$ of GDP | -2.6% |
| 1991 | 0.04 current US$ per US$ of GDP | -41.3% |
| 1992 | 0.0538 current US$ per US$ of GDP | +34.4% |
| 1993 | 0.0676 current US$ per US$ of GDP | +25.7% |
| 1994 | 0.1758 current US$ per US$ of GDP | +159.9% |
| 1995 | 0.2148 current US$ per US$ of GDP | +22.2% |
| 1996 | 0.015 current US$ per US$ of GDP | -93.0% |
| 1997 | 0.0133 current US$ per US$ of GDP | -11.6% |
| 1998 | 0.014 current US$ per US$ of GDP | +5.9% |
| 1999 | 0.0137 current US$ per US$ of GDP | -2.5% |
| 2000 | 0.0129 current US$ per US$ of GDP | -5.4% |
| 2001 | 0.0127 current US$ per US$ of GDP | -1.7% |
| 2002 | 0.0095 current US$ per US$ of GDP | -25.3% |
| 2003 | 0.0103 current US$ per US$ of GDP | +8.5% |
| 2004 | 0.0103 current US$ per US$ of GDP | +0.3% |
| 2005 | 0.0116 current US$ per US$ of GDP | +12.1% |
| 2006 | 0.0112 current US$ per US$ of GDP | -3.5% |
| 2007 | 0.0113 current US$ per US$ of GDP | +0.7% |
| 2008 | 0.0147 current US$ per US$ of GDP | +30.8% |
| 2009 | 0.0101 current US$ per US$ of GDP | -31.3% |
| 2010 | 0.0102 current US$ per US$ of GDP | +1.1% |
| 2011 | 0.0113 current US$ per US$ of GDP | +10.5% |
| 2012 | 0.0113 current US$ per US$ of GDP | -0.5% |
| 2013 | 0.0115 current US$ per US$ of GDP | +2.6% |
| 2014 | 0.0103 current US$ per US$ of GDP | -11.2% |
| 2015 | 0.0105 current US$ per US$ of GDP | +2.6% |
| 2016 | 0.0107 current US$ per US$ of GDP | +1.8% |
| 2017 | 0.0103 current US$ per US$ of GDP | -4.1% |
| 2018 | 0.0113 current US$ per US$ of GDP | +9.7% |
| 2019 | 0.0148 current US$ per US$ of GDP | +31.3% |
| 2020 | 0.0071 current US$ per US$ of GDP | -52.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0905 current US$ per US$ of GDP | 0.0893 current US$ per US$ of GDP | 0.0909 current US$ per US$ of GDP | 10 |
| 1980s | 0.087 current US$ per US$ of GDP | 0.07 current US$ per US$ of GDP | 0.1077 current US$ per US$ of GDP | 10 |
| 1990s | 0.0676 current US$ per US$ of GDP | 0.0133 current US$ per US$ of GDP | 0.2148 current US$ per US$ of GDP | 10 |
| 2000s | 0.0115 current US$ per US$ of GDP | 0.0095 current US$ per US$ of GDP | 0.0147 current US$ per US$ of GDP | 10 |
| 2010s | 0.0112 current US$ per US$ of GDP | 0.0102 current US$ per US$ of GDP | 0.0148 current US$ per US$ of GDP | 10 |
| 2020s | 0.0071 current US$ per US$ of GDP | 0.0071 current US$ per US$ of GDP | 0.0071 current US$ per US$ of GDP | 1 |
Countries ranked near Cuba
- 183 Malaysia 0.0129 current US$ per US$ of GDP compare
- 184 Equatorial Guinea 0.0092 current US$ per US$ of GDP compare
- 185 Angola 0.0086 current US$ per US$ of GDP compare
- 187 Japan 0.0058 current US$ per US$ of GDP compare
- 188 Qatar 0.0056 current US$ per US$ of GDP compare
- 189 Isle of Man 0.0029 current US$ per US$ of GDP compare
More economy & growth data for Cuba
- Final consumption expenditure (constant 2015 US$), per capita 6,826 constant 2015 US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 4.8 % change on previous year (2020)
- Gross national expenditure (current US$), per unit of GDP 0.9935 current US$ per US$ of GDP (2020)
- Gross national expenditure (current US$), per capita 9,542 current US$ per person (2020)
- Gross national expenditure (current LCU), annual growth rate 41.58 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 0.9935 current LCU per US$ of GDP (2020)
- Gross national expenditure (current LCU), per capita 138,236 current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate -1.52 % change on previous year (2024)
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.7765 constant 2015 US$ per US$ of GDP (2020)
- Gross national expenditure (constant 2015 US$), per capita 7,601 constant 2015 US$ per person (2024)
Frequently asked questions
- What is taxes less subsidies on products (current us$), per unit of gdp in Cuba?
- Taxes less subsidies on products (current us$), per unit of gdp in Cuba was 0.0071 current US$ per US$ of GDP in 2020, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), per unit of gdp recorded in Cuba?
- The highest recorded value was 0.2148 current US$ per US$ of GDP in 1995.
- What is the lowest taxes less subsidies on products (current us$), per unit of gdp recorded in Cuba?
- The lowest recorded value was 0.0071 current US$ per US$ of GDP in 2020.
- How does Cuba rank for taxes less subsidies on products (current us$), per unit of gdp?
- Cuba ranks 186th out of 197 countries with data for 2020.
- Is taxes less subsidies on products (current us$), per unit of gdp rising or falling in Cuba?
- Over the last ten years it is down 30.6%. 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 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current US$) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.