Taxes less subsidies on products (current US$) in Cuba
Cuba: Taxes less subsidies on products (current US$) was 762.00 million current US$ in 2020. ◆ Volatile
Taxes less subsidies on products in Cuba, 1970–2020
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for taxes less subsidies on products in Cuba is 762.00 million current US$, measured in 2020.
That represents a change of down 50.1% on the previous year and up 25.1% over ten years.
Over the whole period, taxes less subsidies on products in Cuba peaked at 6.54 billion current US$ in 1995 and was at its lowest, 319.00 million current US$, in 2002.
That places Cuba 142nd out of 199 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$) in Cuba, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 515.67 million current US$ | — |
| 1971 | 626.72 million current US$ | +21.5% |
| 1972 | 737.45 million current US$ | +17.7% |
| 1973 | 904.62 million current US$ | +22.7% |
| 1974 | 1.03 billion current US$ | +13.9% |
| 1975 | 1.18 billion current US$ | +14.6% |
| 1976 | 1.25 billion current US$ | +6.1% |
| 1977 | 1.29 billion current US$ | +2.8% |
| 1978 | 1.61 billion current US$ | +24.9% |
| 1979 | 1.75 billion current US$ | +8.6% |
| 1980 | 1.84 billion current US$ | +5.2% |
| 1981 | 1.86 billion current US$ | +0.9% |
| 1982 | 1.88 billion current US$ | +1.3% |
| 1983 | 1.95 billion current US$ | +3.5% |
| 1984 | 2.04 billion current US$ | +4.6% |
| 1985 | 2.47 billion current US$ | +21.3% |
| 1986 | 2.20 billion current US$ | -10.9% |
| 1987 | 1.96 billion current US$ | -11.1% |
| 1988 | 2.12 billion current US$ | +8.5% |
| 1989 | 1.89 billion current US$ | -10.8% |
| 1990 | 1.95 billion current US$ | +3.2% |
| 1991 | 973.86 million current US$ | -50.1% |
| 1992 | 1.19 billion current US$ | +22.0% |
| 1993 | 1.51 billion current US$ | +27.3% |
| 1994 | 5.00 billion current US$ | +230.6% |
| 1995 | 6.54 billion current US$ | +30.7% |
| 1996 | 375.50 million current US$ | -94.3% |
| 1997 | 336.40 million current US$ | -10.4% |
| 1998 | 361.30 million current US$ | +7.4% |
| 1999 | 388.10 million current US$ | +7.4% |
| 2000 | 395.60 million current US$ | +1.9% |
| 2001 | 403.00 million current US$ | +1.9% |
| 2002 | 319.00 million current US$ | -20.8% |
| 2003 | 370.00 million current US$ | +16.0% |
| 2004 | 395.00 million current US$ | +6.8% |
| 2005 | 494.10 million current US$ | +25.1% |
| 2006 | 546.30 million current US$ | +10.6% |
| 2007 | 611.30 million current US$ | +11.9% |
| 2008 | 829.54 million current US$ | +35.7% |
| 2009 | 581.48 million current US$ | -29.9% |
| 2010 | 609.26 million current US$ | +4.8% |
| 2011 | 780.00 million current US$ | +28.0% |
| 2012 | 823.00 million current US$ | +5.5% |
| 2013 | 891.00 million current US$ | +8.3% |
| 2014 | 827.10 million current US$ | -7.2% |
| 2015 | 916.60 million current US$ | +10.8% |
| 2016 | 978.00 million current US$ | +6.7% |
| 2017 | 993.80 million current US$ | +1.6% |
| 2018 | 1.13 billion current US$ | +13.3% |
| 2019 | 1.53 billion current US$ | +35.7% |
| 2020 | 762.00 million current US$ | -50.1% |
Cuba compared with similar countries
- Cuba's 762.00 million current US$ is below the median for upper middle income countries, which is 3.44 billion current US$, 22% of the median. (55 countries reporting)
- Cuba's 762.00 million current US$ is below the median for Latin America & Caribbean, which is 1.67 billion current US$, 46% of the median. (38 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current US$) 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 | +230.6% | 1.51 billion current US$ | 5.00 billion current US$ |
| 1996 | -94.3% | 6.54 billion current US$ | 375.50 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.09 billion current US$ | 515.67 million current US$ | 1.75 billion current US$ | 10 |
| 1980s | 2.02 billion current US$ | 1.84 billion current US$ | 2.47 billion current US$ | 10 |
| 1990s | 1.86 billion current US$ | 336.40 million current US$ | 6.54 billion current US$ | 10 |
| 2000s | 494.53 million current US$ | 319.00 million current US$ | 829.54 million current US$ | 10 |
| 2010s | 947.26 million current US$ | 609.26 million current US$ | 1.53 billion current US$ | 10 |
| 2020s | 762.00 million current US$ | 762.00 million current US$ | 762.00 million current US$ | 1 |
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 762.00 million current US$ in 2020, 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 6.54 billion current US$ in 1995.
- What is the lowest taxes less subsidies on products recorded in Cuba?
- The lowest recorded value was 319.00 million current US$ in 2002.
- How does Cuba rank for taxes less subsidies on products?
- Cuba ranks 142nd out of 199 countries with data for 2020.
- Is taxes less subsidies on products rising or falling in Cuba?
- Over the last ten years it is up 25.1%. 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 US$). 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 indicator is expressed in United States dollars.