Value Added (Total Manufacturing) — Value Standard Local Currency in Cuba
Cuba: Value Added (Total Manufacturing) — Value Standard Local Currency was 7,081 million SLC in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value Standard Local Currency in Cuba, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Cuba stood at 7,081 million SLC.
That represents a change of down 6.9% on the previous year and down 44.2% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Cuba peaked at 12,990 million SLC in 2015 and was at its lowest, 4,415 million SLC, in 1970.
That places Cuba 129th out of 191 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5,717 million SLC | 4,415 million SLC | 7,079 million SLC | 10 |
| 1980s | 9,328 million SLC | 6,787 million SLC | 10,613 million SLC | 10 |
| 1990s | 7,815 million SLC | 6,382 million SLC | 9,542 million SLC | 10 |
| 2000s | 9,642 million SLC | 8,461 million SLC | 11,570 million SLC | 10 |
| 2010s | 12,207 million SLC | 11,333 million SLC | 12,990 million SLC | 10 |
| 2020s | 8,130 million SLC | 7,081 million SLC | 9,683 million SLC | 4 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Special drawing rights per domestic currency (End-of-period (EoP)) 1 (1974)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 0.9978 (1974)
- Domestic currency per US dollar (End-of-period (EoP)) 0.815 (1974)
- US dollar per domestic currency (End-of-period (EoP)) 1.23 (1974)
- Gdp worldbank constant usd, annual growth rate -1.06 % change on previous year (2024)
- Gdp worldbank constant usd, per unit of GDP 0.755 units per US$ of GDP (2020)
- Gdp worldbank constant usd, per capita 7,381 units per person (2024)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2020)
- Manufacturing value added to gdp, per capita 0 units per person (2024)
- External balance on goods and services as a percent of gdp -39.92 (2024)
Frequently asked questions
- What is value added (total manufacturing) — value standard local currency in Cuba?
- Value added (total manufacturing) — value standard local currency in Cuba was 7,081 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Cuba?
- The highest recorded value was 12,990 million SLC in 2015.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Cuba?
- The lowest recorded value was 4,415 million SLC in 1970.
- How does Cuba rank for value added (total manufacturing) — value standard local currency?
- Cuba ranks 129th out of 191 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Cuba?
- Over the last ten years it is down 44.2%. The long-run trend across the full record is rising.
- 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 (Total Manufacturing) — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).