Terms of trade adjustment (constant LCU), annual growth rate in Cuba
Cuba: Terms of trade adjustment (constant LCU), annual growth rate was -29.63 % change on previous year in 2024. ◆ Volatile
Terms of trade adjustment (constant LCU), annual growth rate in Cuba, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Cuba recorded -29.63 % change on previous year for terms of trade adjustment (constant lcu), annual growth rate in 2024.
That represents a change of up 30.9% on the previous year and down 154.5% over ten years.
Over the whole period, terms of trade adjustment (constant lcu), annual growth rate in Cuba peaked at 259.64 % change on previous year in 2020 and was at its lowest, -290.11 % change on previous year, in 2008.
Cuba ranks 135th of 178 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Terms of trade adjustment (constant LCU), annual growth rate in Cuba, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 8.62 % change on previous year | — |
| 1972 | 4.79 % change on previous year | -44.4% |
| 1973 | 3.34 % change on previous year | -30.4% |
| 1974 | 0.8284 % change on previous year | -75.2% |
| 1975 | 10.11 % change on previous year | +1120.4% |
| 1976 | 5.28 % change on previous year | -47.8% |
| 1977 | 8.33 % change on previous year | +58.0% |
| 1978 | 6.16 % change on previous year | -26.1% |
| 1979 | 0.6361 % change on previous year | -89.7% |
| 1980 | -0.7788 % change on previous year | -222.4% |
| 1981 | 15.33 % change on previous year | -2068.8% |
| 1982 | 7.44 % change on previous year | -51.5% |
| 1983 | 4.61 % change on previous year | -38.0% |
| 1984 | 7.27 % change on previous year | +57.6% |
| 1985 | 30.79 % change on previous year | +323.2% |
| 1986 | -35.04 % change on previous year | -213.8% |
| 1987 | 10.16 % change on previous year | -129.0% |
| 1988 | 6.43 % change on previous year | -36.7% |
| 1989 | 1.14 % change on previous year | -82.3% |
| 1990 | 8.74 % change on previous year | +666.9% |
| 1991 | -95.72 % change on previous year | -1195.2% |
| 1993 | 53.56 % change on previous year | -155.9% |
| 1994 | 92.89 % change on previous year | +73.5% |
| 1995 | -113.43 % change on previous year | -222.1% |
| 1996 | 235.92 % change on previous year | -308.0% |
| 1997 | -99.9 % change on previous year | -142.3% |
| 1999 | -36.45 % change on previous year | -63.5% |
| 2000 | -115.65 % change on previous year | +217.2% |
| 2001 | -1.66 % change on previous year | -98.6% |
| 2002 | 10.89 % change on previous year | -755.6% |
| 2003 | 46.67 % change on previous year | +328.7% |
| 2004 | 22.33 % change on previous year | -52.1% |
| 2005 | -166.04 % change on previous year | -843.4% |
| 2006 | 30.3 % change on previous year | -118.3% |
| 2007 | -24.94 % change on previous year | -182.3% |
| 2008 | -290.11 % change on previous year | +1063.3% |
| 2009 | 15.05 % change on previous year | -105.2% |
| 2010 | 75.58 % change on previous year | +402.1% |
| 2011 | -210.55 % change on previous year | -378.6% |
| 2012 | 26.34 % change on previous year | -112.5% |
| 2013 | -7.06 % change on previous year | -126.8% |
| 2014 | 54.4 % change on previous year | -870.2% |
| 2015 | 22.95 % change on previous year | -57.8% |
| 2016 | 224.88 % change on previous year | +880.0% |
| 2017 | 7.88 % change on previous year | -96.5% |
| 2018 | -84.46 % change on previous year | -1172.3% |
| 2019 | 89.52 % change on previous year | -206.0% |
| 2020 | 259.64 % change on previous year | +190.0% |
| 2021 | -210.68 % change on previous year | -181.1% |
| 2022 | -42.92 % change on previous year | -79.6% |
| 2023 | -42.87 % change on previous year | -0.1% |
| 2024 | -29.63 % change on previous year | -30.9% |
Cuba compared with similar countries
- Cuba's -29.63 % change on previous year is below the median for upper middle income countries, which is 4.12 % change on previous year. (48 countries reporting)
- Cuba's -29.63 % change on previous year is below the median for Latin America & Caribbean, which is 34.64 % change on previous year. (23 countries reporting)
Biggest year-on-year movements
Years where Terms of trade adjustment (constant LCU), annual growth rate 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 |
|---|---|---|---|
| 1981 | +2068.8% | -0.7788 % change on previous year | 15.33 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.34 % change on previous year | 0.6361 % change on previous year | 10.11 % change on previous year | 9 |
| 1980s | 4.74 % change on previous year | -35.04 % change on previous year | 30.79 % change on previous year | 10 |
| 1990s | 5.7 % change on previous year | -113.43 % change on previous year | 235.92 % change on previous year | 8 |
| 2000s | -47.32 % change on previous year | -290.11 % change on previous year | 46.67 % change on previous year | 10 |
| 2010s | 19.95 % change on previous year | -210.55 % change on previous year | 224.88 % change on previous year | 10 |
| 2020s | -13.29 % change on previous year | -210.68 % change on previous year | 259.64 % change on previous year | 5 |
Countries ranked near Cuba
- 132 Togo -26.56 % change on previous year compare
- 133 Congo -28.85 % change on previous year compare
- 134 Palau -29.29 % change on previous year compare
- 136 Libya -29.99 % change on previous year compare
- 137 Botswana -31.04 % change on previous year compare
- 138 Eswatini -31.54 % change on previous year compare
More economy & growth data for Cuba
- General government final consumption expenditure (current US$) 25.1 % change on previous year (2020)
- General government final consumption expenditure (current US$), per 0.3885 current US$ per US$ of GDP (2020)
- General government final consumption expenditure (current US$), per 3,731 current US$ per person (2020)
- General government final consumption expenditure (current LCU) 21.52 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 0.3885 current LCU per US$ of GDP (2020)
- General government final consumption expenditure (current LCU), per 24,524 current LCU per person (2024)
- General government final consumption expenditure (constant 2015 US$) -7.43 % change on previous year (2024)
- General government final consumption expenditure (constant 2015 US$) 0.2523 constant 2015 US$ per US$ of GDP (2020)
- General government final consumption expenditure (constant 2015 US$) 2,335 constant 2015 US$ per person (2024)
- Households and NPISHs Final consumption expenditure (current US$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is terms of trade adjustment (constant lcu), annual growth rate in Cuba?
- Terms of trade adjustment (constant lcu), annual growth rate in Cuba was -29.63 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest terms of trade adjustment (constant lcu), annual growth rate recorded in Cuba?
- The highest recorded value was 259.64 % change on previous year in 2020.
- What is the lowest terms of trade adjustment (constant lcu), annual growth rate recorded in Cuba?
- The lowest recorded value was -290.11 % change on previous year in 2008.
- How does Cuba rank for terms of trade adjustment (constant lcu), annual growth rate?
- Cuba ranks 135th out of 178 countries with data for 2024.
- Is terms of trade adjustment (constant lcu), annual growth rate rising or falling in Cuba?
- Over the last ten years it is down 154.5%. 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 Terms of trade adjustment (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Terms of trade adjustment (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Terms of trade adjustment 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
The year-on-year percentage change in Terms of trade adjustment (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.