Gross domestic savings in Cuba
Cuba: Gross domestic savings was 11.30 billion current US$ in 2020. ◆ Volatile
Gross domestic savings in Cuba, 1970–2020
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for gross domestic savings in Cuba is 11.30 billion current US$, measured in 2020.
That represents a change of down 16.6% on the previous year and up 27.2% over ten years.
Over the whole period, gross domestic savings in Cuba peaked at 14.00 billion current US$ in 2018 and was at its lowest, 598.65 million current US$, in 1993.
Cuba ranks 89th of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.65 billion current US$ | 782.05 million current US$ | 2.65 billion current US$ | 10 |
| 1980s | 3.09 billion current US$ | 2.79 billion current US$ | 3.97 billion current US$ | 10 |
| 1990s | 2.20 billion current US$ | 598.65 million current US$ | 4.32 billion current US$ | 10 |
| 2000s | 4.69 billion current US$ | 2.53 billion current US$ | 7.44 billion current US$ | 10 |
| 2010s | 10.94 billion current US$ | 8.08 billion current US$ | 14.00 billion current US$ | 10 |
| 2020s | 11.30 billion current US$ | 11.30 billion current US$ | 11.30 billion current US$ | 1 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Industry (including construction), value added 23.8% (2024)
- Manufacturing, value added 10.7% (2024)
- 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)
- GNI per capita, Atlas method 9,010 current US$ (2019)
- GNI per capita 9,094 current LCU (2019)
- Net primary income (Net income from abroad) -1.55 billion current US$ (2019)
Frequently asked questions
- What is gross domestic savings in Cuba?
- Gross domestic savings in Cuba was 11.30 billion current US$ in 2020, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Cuba?
- The highest recorded value was 14.00 billion current US$ in 2018.
- What is the lowest gross domestic savings recorded in Cuba?
- The lowest recorded value was 598.65 million current US$ in 1993.
- How does Cuba rank for gross domestic savings?
- Cuba ranks 89th out of 187 countries with data for 2020.
- Is gross domestic savings rising or falling in Cuba?
- Over the last ten years it is up 27.2%. 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 domestic savings (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.