Gross capital formation in Cuba
Cuba: Gross capital formation was 262.66 billion current LCU in 2024. ◆ Volatile
Gross capital formation in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross capital formation in Cuba is 262.66 billion current LCU, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 47.9% on the previous year and up 4,178.6% over ten years.
Over the whole period, gross capital formation in Cuba peaked at 262.66 billion current LCU in 2024 and was at its lowest, 1.06 billion current LCU, in 1993.
Cuba ranks 92nd of 186 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.59 billion current LCU | 1.48 billion current LCU | 3.68 billion current LCU | 10 |
| 1980s | 4.92 billion current LCU | 3.77 billion current LCU | 6.04 billion current LCU | 10 |
| 1990s | 2.73 billion current LCU | 1.06 billion current LCU | 5.34 billion current LCU | 10 |
| 2000s | 4.95 billion current LCU | 3.05 billion current LCU | 9.03 billion current LCU | 10 |
| 2010s | 8.28 billion current LCU | 5.84 billion current LCU | 12.04 billion current LCU | 10 |
| 2020s | 139.30 billion current LCU | 10.60 billion current LCU | 262.66 billion current LCU | 5 |
Countries ranked near Cuba
- 89 Mozambique 346.38 billion current LCU compare
- 90 North Macedonia 331.15 billion current LCU compare
- 91 Qatar 262.91 billion current LCU compare
- 93 Switzerland 255.82 billion current LCU compare
- 94 Honduras 248.36 billion current LCU compare
- 95 Peru 242.94 billion current LCU compare
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 262.66 billion current 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 262.66 billion current LCU in 2024.
- What is the lowest gross capital formation recorded in Cuba?
- The lowest recorded value was 1.06 billion current LCU in 1993.
- How does Cuba rank for gross capital formation?
- Cuba ranks 92nd out of 186 countries with data for 2024.
- Is gross capital formation rising or falling in Cuba?
- Over the last ten years it is up 4,178.6%. The long-run trend across the full record is volatile.
- 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 (current LCU). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.