Gross capital formation in Cuba
Cuba: Gross capital formation was 8.30 billion constant LCU in 2024. ▲ Rising
Gross capital formation in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Cuba recorded 8.30 billion constant LCU for gross capital formation in 2024.
That represents a change of up 3.3% on the previous year and up 23.1% over ten years.
Over the whole period, gross capital formation in Cuba peaked at 11.05 billion constant LCU in 1985 and was at its lowest, 2.45 billion constant LCU, in 1994.
Cuba ranks 136th of 169 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.63 billion constant LCU | 4.35 billion constant LCU | 6.97 billion constant LCU | 10 |
| 1980s | 9.19 billion constant LCU | 6.75 billion constant LCU | 11.05 billion constant LCU | 10 |
| 1990s | 4.56 billion constant LCU | 2.45 billion constant LCU | 10.21 billion constant LCU | 10 |
| 2000s | 4.72 billion constant LCU | 3.07 billion constant LCU | 7.29 billion constant LCU | 10 |
| 2010s | 7.59 billion constant LCU | 5.86 billion constant LCU | 9.00 billion constant LCU | 10 |
| 2020s | 8.18 billion constant LCU | 7.86 billion constant LCU | 8.38 billion constant LCU | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Taxes less subsidies on products 762.00 million current US$ (2020)
- Industry (including construction), value added 24.71 billion current US$ (2020)
- Industry (including construction), value added 258.69 billion current LCU (2024)
- Industry (including construction), value added 14.71 billion constant 2015 US$ (2024)
- Industry (including construction), value added -3.0% (2024)
- Industry (including construction), value added 8.79 billion constant LCU (2024)
- Industry (including construction), value added 23.8% (2024)
- Services, value added 78.91 billion current US$ (2020)
- GNI per capita, Atlas method 9,010 current US$ (2019)
- GNI per capita 9,094 current LCU (2019)
Frequently asked questions
- What is gross capital formation in Cuba?
- Gross capital formation in Cuba was 8.30 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Cuba?
- The highest recorded value was 11.05 billion constant LCU in 1985.
- What is the lowest gross capital formation recorded in Cuba?
- The lowest recorded value was 2.45 billion constant LCU in 1994.
- How does Cuba rank for gross capital formation?
- Cuba ranks 136th out of 169 countries with data for 2024.
- Is gross capital formation rising or falling in Cuba?
- Over the last ten years it is up 23.1%. The long-run trend across the full record is rising.
- Where does this Cuba data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.