Value Added (Total Manufacturing) — Value US$, 2015 prices in Cuba
Cuba: Value Added (Total Manufacturing) — Value US$, 2015 prices was 7,087 million USD in 2023. ▲ Rising
Value Added (Total Manufacturing) — Value US$, 2015 prices in Cuba, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, value added (total manufacturing) — value us$, 2015 prices in Cuba stood at 7,087 million USD.
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 us$, 2015 prices in Cuba peaked at 13,001 million USD in 2015 and was at its lowest, 4,418 million USD, in 1970.
That places Cuba 94th out of 236 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Value Added (Total Manufacturing) — Value US$, 2015 prices in Cuba, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 4,418 million USD | — |
| 1971 | 4,798 million USD | +8.6% |
| 1972 | 5,030 million USD | +4.8% |
| 1973 | 5,201 million USD | +3.4% |
| 1974 | 5,251 million USD | +0.9% |
| 1975 | 5,754 million USD | +9.6% |
| 1976 | 6,067 million USD | +5.4% |
| 1977 | 6,591 million USD | +8.6% |
| 1978 | 7,019 million USD | +6.5% |
| 1979 | 7,085 million USD | +0.9% |
| 1980 | 6,793 million USD | -4.1% |
| 1981 | 8,101 million USD | +19.3% |
| 1982 | 8,778 million USD | +8.4% |
| 1983 | 9,237 million USD | +5.2% |
| 1984 | 9,925 million USD | +7.5% |
| 1985 | 10,622 million USD | +7.0% |
| 1986 | 10,021 million USD | -5.7% |
| 1987 | 9,655 million USD | -3.7% |
| 1988 | 10,173 million USD | +5.4% |
| 1989 | 10,057 million USD | -1.1% |
| 1990 | 9,550 million USD | -5.0% |
| 1991 | 8,643 million USD | -9.5% |
| 1992 | 7,217 million USD | -16.5% |
| 1993 | 6,387 million USD | -11.5% |
| 1994 | 6,875 million USD | +7.6% |
| 1995 | 7,317 million USD | +6.4% |
| 1996 | 7,893 million USD | +7.9% |
| 1997 | 8,381 million USD | +6.2% |
| 1998 | 7,700 million USD | -8.1% |
| 1999 | 8,254 million USD | +7.2% |
| 2000 | 8,678 million USD | +5.1% |
| 2001 | 8,626 million USD | -0.6% |
| 2002 | 8,639 million USD | +0.2% |
| 2003 | 8,468 million USD | -2.0% |
| 2004 | 8,678 million USD | +2.5% |
| 2005 | 9,503 million USD | +9.5% |
| 2006 | 9,945 million USD | +4.7% |
| 2007 | 10,905 million USD | +9.6% |
| 2008 | 11,474 million USD | +5.2% |
| 2009 | 11,580 million USD | +0.9% |
| 2010 | 11,705 million USD | +1.1% |
| 2011 | 12,167 million USD | +3.9% |
| 2012 | 12,434 million USD | +2.2% |
| 2013 | 12,690 million USD | +2.1% |
| 2014 | 12,232 million USD | -3.6% |
| 2015 | 13,001 million USD | +6.3% |
| 2016 | 12,324 million USD | -5.2% |
| 2017 | 12,192 million USD | -1.1% |
| 2018 | 12,080 million USD | -0.9% |
| 2019 | 11,343 million USD | -6.1% |
| 2020 | 9,691 million USD | -14.6% |
| 2021 | 8,162 million USD | -15.8% |
| 2022 | 7,610 million USD | -6.8% |
| 2023 | 7,087 million USD | -6.9% |
Cuba compared with similar countries
- Cuba's 7,087 million USD is above the median for upper middle income countries, which is 4,090 million USD, 1.7× the median. (54 countries reporting)
- Cuba's 7,087 million USD is above the median for Latin America & Caribbean, which is 2,333 million USD, 3.0× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5,721 million USD | 4,418 million USD | 7,085 million USD | 10 |
| 1980s | 9,336 million USD | 6,793 million USD | 10,622 million USD | 10 |
| 1990s | 7,822 million USD | 6,387 million USD | 9,550 million USD | 10 |
| 2000s | 9,650 million USD | 8,468 million USD | 11,580 million USD | 10 |
| 2010s | 12,217 million USD | 11,343 million USD | 13,001 million USD | 10 |
| 2020s | 8,137 million USD | 7,087 million USD | 9,691 million USD | 4 |
Countries ranked near Cuba
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$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is value added (total manufacturing) — value us$, 2015 prices in Cuba?
- Value added (total manufacturing) — value us$, 2015 prices in Cuba was 7,087 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$, 2015 prices recorded in Cuba?
- The highest recorded value was 13,001 million USD in 2015.
- What is the lowest value added (total manufacturing) — value us$, 2015 prices recorded in Cuba?
- The lowest recorded value was 4,418 million USD in 1970.
- How does Cuba rank for value added (total manufacturing) — value us$, 2015 prices?
- Cuba ranks 94th out of 236 countries with data for 2023.
- Is value added (total manufacturing) — value us$, 2015 prices rising or falling in Cuba?
- Over the last ten years it is down 44.2%. The long-run trend across the full record is rising.
- Where does this Cuba data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value US$, 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).