Value Added Deflator (Manufacturing) — Value US$, 2015 prices in Cuba
Cuba: Value Added Deflator (Manufacturing) — Value US$, 2015 prices was 311.17 USD in 2023. ◆ Volatile
Value Added Deflator (Manufacturing) — Value US$, 2015 prices in Cuba, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
Cuba recorded 311.17 USD for value added deflator (manufacturing) — value us$, 2015 prices in 2023. That is the highest value across all 54 years on record.
The figure is up 81.9% on the previous year and up 225.3% over ten years.
Over the whole period, value added deflator (manufacturing) — value us$, 2015 prices in Cuba peaked at 311.17 USD in 2023 and was at its lowest, 16.15 USD, in 1970.
Cuba ranks 2nd of 203 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added Deflator (Manufacturing) — Value US$, 2015 prices in Cuba, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 16.15 USD | — |
| 1971 | 18.06 USD | +11.9% |
| 1972 | 20.27 USD | +12.2% |
| 1973 | 24.06 USD | +18.7% |
| 1974 | 27.21 USD | +13.1% |
| 1975 | 28.37 USD | +4.3% |
| 1976 | 28.5 USD | +0.4% |
| 1977 | 27.02 USD | -5.2% |
| 1978 | 31.84 USD | +17.9% |
| 1979 | 34.55 USD | +8.5% |
| 1980 | 36.83 USD | +6.6% |
| 1981 | 31.29 USD | -15.0% |
| 1982 | 29.84 USD | -4.6% |
| 1983 | 29.99 USD | +0.5% |
| 1984 | 29.98 USD | -0.0% |
| 1985 | 27.78 USD | -7.4% |
| 1986 | 30.64 USD | +10.3% |
| 1987 | 31.62 USD | +3.2% |
| 1988 | 33.32 USD | +5.4% |
| 1989 | 31.97 USD | -4.0% |
| 1990 | 34.13 USD | +6.7% |
| 1991 | 35.1 USD | +2.8% |
| 1992 | 43.55 USD | +24.1% |
| 1993 | 50 USD | +14.8% |
| 1994 | 70.82 USD | +41.6% |
| 1995 | 75.91 USD | +7.2% |
| 1996 | 55.95 USD | -26.3% |
| 1997 | 55.42 USD | -0.9% |
| 1998 | 56.49 USD | +1.9% |
| 1999 | 57.1 USD | +1.1% |
| 2000 | 57.84 USD | +1.3% |
| 2001 | 59.02 USD | +2.0% |
| 2002 | 59.7 USD | +1.2% |
| 2003 | 60.35 USD | +1.1% |
| 2004 | 60.65 USD | +0.5% |
| 2005 | 62.33 USD | +2.8% |
| 2006 | 71.18 USD | +14.2% |
| 2007 | 77.98 USD | +9.6% |
| 2008 | 77.7 USD | -0.4% |
| 2009 | 80.3 USD | +3.3% |
| 2010 | 85.9 USD | +7.0% |
| 2011 | 87.64 USD | +2.0% |
| 2012 | 94.72 USD | +8.1% |
| 2013 | 95.65 USD | +1.0% |
| 2014 | 99.48 USD | +4.0% |
| 2015 | 100 USD | +0.5% |
| 2016 | 102.68 USD | +2.7% |
| 2017 | 107.24 USD | +4.4% |
| 2018 | 106.12 USD | -1.0% |
| 2019 | 113.79 USD | +7.2% |
| 2020 | 124.04 USD | +9.0% |
| 2021 | 134.56 USD | +8.5% |
| 2022 | 171.03 USD | +27.1% |
| 2023 | 311.17 USD | +81.9% |
Cuba compared with similar countries
- Cuba's 311.17 USD is above the median for upper middle income countries, which is 118.14 USD, 2.6× the median. (51 countries reporting)
- Cuba's 311.17 USD is above the median for Latin America & Caribbean, which is 119.19 USD, 2.6× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Value Added Deflator (Manufacturing) — Value US$, 2015 prices in Cuba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +81.9% | 171.03 USD | 311.17 USD |
| 1994 | +41.6% | 50 USD | 70.82 USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.6 USD | 16.15 USD | 34.55 USD | 10 |
| 1980s | 31.33 USD | 27.78 USD | 36.83 USD | 10 |
| 1990s | 53.45 USD | 34.13 USD | 75.91 USD | 10 |
| 2000s | 66.71 USD | 57.84 USD | 80.3 USD | 10 |
| 2010s | 99.32 USD | 85.9 USD | 113.79 USD | 10 |
| 2020s | 185.2 USD | 124.04 USD | 311.17 USD | 4 |
Countries ranked near Cuba
- 1 Marshall Islands 366.26 USD compare
- 1 Venezuela (Bolivarian Republic of) 1,381 USD compare
- 1 Caribbean 143.39 USD compare
- 2 Syrian Arab Republic 206.05 USD compare
- 3 Bahamas 277.37 USD compare
- 3 Republic of Moldova 173.94 USD compare
- 4 Democratic Republic of the Congo 161.12 USD compare
- 4 Zimbabwe 267.29 USD compare
- 5 Congo 211.75 USD compare
- 5 Côte d'Ivoire 126.33 USD compare
- 5 Micronesia 141.7 USD compare
More economy & growth data for Cuba
- General government final consumption expenditure (current US$) 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$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is value added deflator (manufacturing) — value us$, 2015 prices in Cuba?
- Value added deflator (manufacturing) — value us$, 2015 prices in Cuba was 311.17 USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added deflator (manufacturing) — value us$, 2015 prices recorded in Cuba?
- The highest recorded value was 311.17 USD in 2023.
- What is the lowest value added deflator (manufacturing) — value us$, 2015 prices recorded in Cuba?
- The lowest recorded value was 16.15 USD in 1970.
- How does Cuba rank for value added deflator (manufacturing) — value us$, 2015 prices?
- Cuba ranks 2nd out of 203 countries with data for 2023.
- Is value added deflator (manufacturing) — value us$, 2015 prices rising or falling in Cuba?
- Over the last ten years it is up 225.3%. The long-run trend across the full record is volatile.
- Where does this Cuba data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added Deflator (Manufacturing) — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).