Value Added (Total Manufacturing) — Value US$ in Cuba
Cuba: Value Added (Total Manufacturing) — Value US$ was 22,052 million USD in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value US$ 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$ in Cuba stood at 22,052 million USD. 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 us$ in Cuba peaked at 22,052 million USD in 2023 and was at its lowest, 713.37 million USD, in 1970.
That places Cuba 63rd out of 236 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 US$ in Cuba, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 713.37 million USD | — |
| 1971 | 866.56 million USD | +21.5% |
| 1972 | 1,020 million USD | +17.7% |
| 1973 | 1,252 million USD | +22.8% |
| 1974 | 1,429 million USD | +14.2% |
| 1975 | 1,633 million USD | +14.3% |
| 1976 | 1,729 million USD | +5.9% |
| 1977 | 1,781 million USD | +3.0% |
| 1978 | 2,235 million USD | +25.5% |
| 1979 | 2,448 million USD | +9.5% |
| 1980 | 2,501 million USD | +2.2% |
| 1981 | 2,535 million USD | +1.3% |
| 1982 | 2,620 million USD | +3.3% |
| 1983 | 2,770 million USD | +5.8% |
| 1984 | 2,976 million USD | +7.4% |
| 1985 | 2,950 million USD | -0.9% |
| 1986 | 3,070 million USD | +4.1% |
| 1987 | 3,053 million USD | -0.6% |
| 1988 | 3,390 million USD | +11.1% |
| 1989 | 3,216 million USD | -5.1% |
| 1990 | 3,259 million USD | +1.3% |
| 1991 | 3,033 million USD | -6.9% |
| 1992 | 3,143 million USD | +3.6% |
| 1993 | 3,194 million USD | +1.6% |
| 1994 | 4,869 million USD | +52.5% |
| 1995 | 5,554 million USD | +14.1% |
| 1996 | 4,416 million USD | -20.5% |
| 1997 | 4,645 million USD | +5.2% |
| 1998 | 4,349 million USD | -6.4% |
| 1999 | 4,713 million USD | +8.4% |
| 2000 | 5,020 million USD | +6.5% |
| 2001 | 5,091 million USD | +1.4% |
| 2002 | 5,158 million USD | +1.3% |
| 2003 | 5,110 million USD | -0.9% |
| 2004 | 5,263 million USD | +3.0% |
| 2005 | 5,923 million USD | +12.5% |
| 2006 | 7,079 million USD | +19.5% |
| 2007 | 8,504 million USD | +20.1% |
| 2008 | 8,916 million USD | +4.8% |
| 2009 | 9,299 million USD | +4.3% |
| 2010 | 10,055 million USD | +8.1% |
| 2011 | 10,663 million USD | +6.0% |
| 2012 | 11,778 million USD | +10.5% |
| 2013 | 12,138 million USD | +3.1% |
| 2014 | 12,169 million USD | +0.3% |
| 2015 | 13,001 million USD | +6.8% |
| 2016 | 12,655 million USD | -2.7% |
| 2017 | 13,075 million USD | +3.3% |
| 2018 | 12,819 million USD | -2.0% |
| 2019 | 12,907 million USD | +0.7% |
| 2020 | 12,020 million USD | -6.9% |
| 2021 | 10,982 million USD | -8.6% |
| 2022 | 13,015 million USD | +18.5% |
| 2023 | 22,052 million USD | +69.4% |
Cuba compared with similar countries
- Cuba's 22,052 million USD is above the median for upper middle income countries, which is 4,472 million USD, 4.9× the median. (54 countries reporting)
- Cuba's 22,052 million USD is above the median for Latin America & Caribbean, which is 3,043 million USD, 7.2× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total Manufacturing) — Value US$ 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 USD | 22,052 million USD |
| 1994 | +52.5% | 3,194 million USD | 4,869 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,510 million USD | 713.37 million USD | 2,448 million USD | 10 |
| 1980s | 2,908 million USD | 2,501 million USD | 3,390 million USD | 10 |
| 1990s | 4,118 million USD | 3,033 million USD | 5,554 million USD | 10 |
| 2000s | 6,536 million USD | 5,020 million USD | 9,299 million USD | 10 |
| 2010s | 12,126 million USD | 10,055 million USD | 13,075 million USD | 10 |
| 2020s | 14,517 million USD | 10,982 million USD | 22,052 million USD | 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 us$ in Cuba?
- Value added (total manufacturing) — value us$ in Cuba was 22,052 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$ recorded in Cuba?
- The highest recorded value was 22,052 million USD in 2023.
- What is the lowest value added (total manufacturing) — value us$ recorded in Cuba?
- The lowest recorded value was 713.37 million USD in 1970.
- How does Cuba rank for value added (total manufacturing) — value us$?
- Cuba ranks 63rd out of 236 countries with data for 2023.
- Is value added (total manufacturing) — value us$ 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 US$. Statizoid updates them automatically from the source API.
Download this data
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).