Value Added (Total Manufacturing) — Value Standard Local Currency in Cuba
Cuba: Value Added (Total Manufacturing) — Value Standard Local Currency was 69.44 % change on previous year in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Cuba, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Cuba recorded 69.44 % change on previous year for value added (total manufacturing) — value standard local currency in 2023. That is the highest value across all 53 years on record.
Compared with earlier readings it is up 275.2% on the previous year and up 2,171.7% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Cuba peaked at 69.44 % change on previous year in 2023 and was at its lowest, -9.32 % change on previous year, in 1991.
Cuba ranks 8th of 231 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 (Total Manufacturing) — Value Standard Local Currency in Cuba, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 21.47 % change on previous year | — |
| 1972 | 12.12 % change on previous year | -43.5% |
| 1973 | 6.79 % change on previous year | -44.0% |
| 1974 | 12.91 % change on previous year | +90.3% |
| 1975 | 14.27 % change on previous year | +10.5% |
| 1976 | 6.05 % change on previous year | -57.6% |
| 1977 | 4.1 % change on previous year | -32.3% |
| 1978 | 16.44 % change on previous year | +301.4% |
| 1979 | 3.85 % change on previous year | -76.6% |
| 1980 | 0.7817 % change on previous year | -79.7% |
| 1981 | 16.82 % change on previous year | +2052.2% |
| 1982 | 5.82 % change on previous year | -65.4% |
| 1983 | 6.87 % change on previous year | +18.0% |
| 1984 | 9.87 % change on previous year | +43.6% |
| 1985 | 3.36 % change on previous year | -66.0% |
| 1986 | -5.3 % change on previous year | -258.0% |
| 1987 | -6.19 % change on previous year | +16.8% |
| 1988 | 7.05 % change on previous year | -213.9% |
| 1989 | -2.36 % change on previous year | -133.4% |
| 1990 | -2.32 % change on previous year | -1.5% |
| 1991 | -9.32 % change on previous year | +301.7% |
| 1992 | 4.64 % change on previous year | -149.8% |
| 1993 | 1.62 % change on previous year | -65.0% |
| 1994 | 52.45 % change on previous year | +3128.1% |
| 1995 | 20.75 % change on previous year | -60.4% |
| 1996 | 1.5 % change on previous year | -92.8% |
| 1997 | 5.18 % change on previous year | +246.1% |
| 1998 | -6.36 % change on previous year | -222.9% |
| 1999 | 8.36 % change on previous year | -231.4% |
| 2000 | 6.51 % change on previous year | -22.0% |
| 2001 | 1.42 % change on previous year | -78.1% |
| 2002 | 1.31 % change on previous year | -7.9% |
| 2003 | -0.9267 % change on previous year | -170.6% |
| 2004 | 2.99 % change on previous year | -422.4% |
| 2005 | 12.54 % change on previous year | +319.8% |
| 2006 | 19.52 % change on previous year | +55.6% |
| 2007 | 20.12 % change on previous year | +3.1% |
| 2008 | 4.85 % change on previous year | -75.9% |
| 2009 | 4.3 % change on previous year | -11.2% |
| 2010 | 8.13 % change on previous year | +89.0% |
| 2011 | 5.25 % change on previous year | -35.4% |
| 2012 | 11.29 % change on previous year | +115.0% |
| 2013 | 3.06 % change on previous year | -72.9% |
| 2014 | 0.2554 % change on previous year | -91.6% |
| 2015 | 6.75 % change on previous year | +2541.6% |
| 2016 | -2.58 % change on previous year | -138.2% |
| 2017 | 3.32 % change on previous year | -228.7% |
| 2018 | -1.96 % change on previous year | -158.9% |
| 2019 | 0.6841 % change on previous year | -135.0% |
| 2020 | -6.87 % change on previous year | -1104.4% |
| 2021 | -8.63 % change on previous year | +25.6% |
| 2022 | 18.5 % change on previous year | -314.4% |
| 2023 | 69.44 % change on previous year | +275.2% |
Cuba compared with similar countries
- Cuba's 69.44 % change on previous year is above the median for upper middle income countries, which is 5.07 % change on previous year, 13.7× the median. (54 countries reporting)
- Cuba's 69.44 % change on previous year is above the median for Latin America & Caribbean, which is 5.11 % change on previous year, 13.6× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total Manufacturing) — Value Standard Local Currency 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 | +3128.1% | 1.62 % change on previous year | 52.45 % change on previous year |
| 2015 | +2541.6% | 0.2554 % change on previous year | 6.75 % change on previous year |
| 1981 | +2052.2% | 0.7817 % change on previous year | 16.82 % change on previous year |
| 2020 | -1104.4% | 0.6841 % change on previous year | -6.87 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.89 % change on previous year | 3.85 % change on previous year | 21.47 % change on previous year | 9 |
| 1980s | 3.67 % change on previous year | -6.19 % change on previous year | 16.82 % change on previous year | 10 |
| 1990s | 7.65 % change on previous year | -9.32 % change on previous year | 52.45 % change on previous year | 10 |
| 2000s | 7.26 % change on previous year | -0.9267 % change on previous year | 20.12 % change on previous year | 10 |
| 2010s | 3.42 % change on previous year | -2.58 % change on previous year | 11.29 % change on previous year | 10 |
| 2020s | 18.11 % change on previous year | -8.63 % change on previous year | 69.44 % change on previous year | 4 |
Countries ranked near Cuba
- 5 Sudan 174.75 % change on previous year compare
- 6 Argentina 131.8 % change on previous year compare
- 7 South Sudan 120.12 % change on previous year compare
- 9 Iran (Islamic Republic of) 59.94 % change on previous year compare
- 10 Turkey 56.34 % change on previous year compare
- 10 Türkiye 56.34 % 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 value added (total manufacturing) — value standard local currency in Cuba?
- Value added (total manufacturing) — value standard local currency in Cuba was 69.44 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest value added (total manufacturing) — value standard local currency recorded in Cuba?
- The highest recorded value was 69.44 % change on previous year in 2023.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Cuba?
- The lowest recorded value was -9.32 % change on previous year in 1991.
- How does Cuba rank for value added (total manufacturing) — value standard local currency?
- Cuba ranks 8th out of 231 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 up 2,171.7%. 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 Value Added (Total Manufacturing) — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 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 Value Added (Total Manufacturing) — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Value Added (Total Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 Value Added (Total Manufacturing) — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.