Value Added (Total Manufacturing) — Value Standard Local Currency in Cuba
Cuba: Value Added (Total Manufacturing) — Value Standard Local Currency was 22,052 million SLC in 2023. ◆ Volatile
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
Cuba recorded 22,052 million SLC for value added (total manufacturing) — value standard local currency in 2023. That is the highest value across all 54 years on record.
The figure is up 69.4% on the previous year and up 81.7% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Cuba peaked at 22,052 million SLC in 2023 and was at its lowest, 713.37 million SLC, in 1970.
That places Cuba 147th out of 231 countries with data for 2023, putting it in the middle of the range.
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 | million SLC | Change |
|---|---|---|
| 1970 | 713.37 million SLC | — |
| 1971 | 866.56 million SLC | +21.5% |
| 1972 | 971.61 million SLC | +12.1% |
| 1973 | 1,038 million SLC | +6.8% |
| 1974 | 1,172 million SLC | +12.9% |
| 1975 | 1,339 million SLC | +14.3% |
| 1976 | 1,420 million SLC | +6.0% |
| 1977 | 1,478 million SLC | +4.1% |
| 1978 | 1,721 million SLC | +16.4% |
| 1979 | 1,787 million SLC | +3.8% |
| 1980 | 1,801 million SLC | +0.8% |
| 1981 | 2,104 million SLC | +16.8% |
| 1982 | 2,227 million SLC | +5.8% |
| 1983 | 2,380 million SLC | +6.9% |
| 1984 | 2,614 million SLC | +9.9% |
| 1985 | 2,702 million SLC | +3.4% |
| 1986 | 2,559 million SLC | -5.3% |
| 1987 | 2,400 million SLC | -6.2% |
| 1988 | 2,570 million SLC | +7.1% |
| 1989 | 2,509 million SLC | -2.4% |
| 1990 | 2,451 million SLC | -2.3% |
| 1991 | 2,222 million SLC | -9.3% |
| 1992 | 2,326 million SLC | +4.6% |
| 1993 | 2,363 million SLC | +1.6% |
| 1994 | 3,603 million SLC | +52.5% |
| 1995 | 4,351 million SLC | +20.8% |
| 1996 | 4,416 million SLC | +1.5% |
| 1997 | 4,645 million SLC | +5.2% |
| 1998 | 4,349 million SLC | -6.4% |
| 1999 | 4,713 million SLC | +8.4% |
| 2000 | 5,020 million SLC | +6.5% |
| 2001 | 5,091 million SLC | +1.4% |
| 2002 | 5,158 million SLC | +1.3% |
| 2003 | 5,110 million SLC | -0.9% |
| 2004 | 5,263 million SLC | +3.0% |
| 2005 | 5,923 million SLC | +12.5% |
| 2006 | 7,079 million SLC | +19.5% |
| 2007 | 8,504 million SLC | +20.1% |
| 2008 | 8,916 million SLC | +4.8% |
| 2009 | 9,299 million SLC | +4.3% |
| 2010 | 10,055 million SLC | +8.1% |
| 2011 | 10,583 million SLC | +5.3% |
| 2012 | 11,778 million SLC | +11.3% |
| 2013 | 12,138 million SLC | +3.1% |
| 2014 | 12,169 million SLC | +0.3% |
| 2015 | 12,990 million SLC | +6.7% |
| 2016 | 12,655 million SLC | -2.6% |
| 2017 | 13,075 million SLC | +3.3% |
| 2018 | 12,819 million SLC | -2.0% |
| 2019 | 12,907 million SLC | +0.7% |
| 2020 | 12,020 million SLC | -6.9% |
| 2021 | 10,982 million SLC | -8.6% |
| 2022 | 13,015 million SLC | +18.5% |
| 2023 | 22,052 million SLC | +69.4% |
Cuba compared with similar countries
- Cuba's 22,052 million SLC is below the median for upper middle income countries, which is 109,280 million SLC, 20% of the median. (54 countries reporting)
- Cuba's 22,052 million SLC is below the median for Latin America & Caribbean, which is 23,287 million SLC, 95% of 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 |
|---|---|---|---|
| 2023 | +69.4% | 13,015 million SLC | 22,052 million SLC |
| 1994 | +52.5% | 2,363 million SLC | 3,603 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,250 million SLC | 713.37 million SLC | 1,787 million SLC | 10 |
| 1980s | 2,387 million SLC | 1,801 million SLC | 2,702 million SLC | 10 |
| 1990s | 3,544 million SLC | 2,222 million SLC | 4,713 million SLC | 10 |
| 2000s | 6,536 million SLC | 5,020 million SLC | 9,299 million SLC | 10 |
| 2010s | 12,117 million SLC | 10,055 million SLC | 13,075 million SLC | 10 |
| 2020s | 14,517 million SLC | 10,982 million SLC | 22,052 million SLC | 4 |
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 value added (total manufacturing) — value standard local currency in Cuba?
- Value added (total manufacturing) — value standard local currency in Cuba was 22,052 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 22,052 million SLC in 2023.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Cuba?
- The lowest recorded value was 713.37 million SLC in 1970.
- How does Cuba rank for value added (total manufacturing) — value standard local currency?
- Cuba ranks 147th 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 81.7%. 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 (Total Manufacturing) — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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CSV · JSON — 54 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).