Gross fixed capital formation in Cuba
Cuba: Gross fixed capital formation was 10.54 billion current US$ in 2020. ▲ Rising
Gross fixed capital formation in Cuba, 1970–2020
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Cuba recorded 10.54 billion current US$ for gross fixed capital formation in 2020.
The figure is down 9.1% on the previous year and up 104.6% over ten years.
Over the whole period, gross fixed capital formation in Cuba peaked at 11.60 billion current US$ in 2019 and was at its lowest, 1.45 billion current US$, in 1970.
That places Cuba 93rd out of 180 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 51 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.07 billion current US$ | 1.45 billion current US$ | 4.97 billion current US$ | 10 |
| 1980s | 5.93 billion current US$ | 5.05 billion current US$ | 6.92 billion current US$ | 10 |
| 1990s | 3.60 billion current US$ | 2.33 billion current US$ | 7.02 billion current US$ | 10 |
| 2000s | 4.15 billion current US$ | 2.94 billion current US$ | 6.10 billion current US$ | 10 |
| 2010s | 7.66 billion current US$ | 5.15 billion current US$ | 11.60 billion current US$ | 10 |
| 2020s | 10.54 billion current US$ | 10.54 billion current US$ | 10.54 billion current US$ | 1 |
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 fixed capital formation in Cuba?
- Gross fixed capital formation in Cuba was 10.54 billion current US$ in 2020, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Cuba?
- The highest recorded value was 11.60 billion current US$ in 2019.
- What is the lowest gross fixed capital formation recorded in Cuba?
- The lowest recorded value was 1.45 billion current US$ in 1970.
- How does Cuba rank for gross fixed capital formation?
- Cuba ranks 93rd out of 180 countries with data for 2020.
- Is gross fixed capital formation rising or falling in Cuba?
- Over the last ten years it is up 104.6%. 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 Offices (NSOs), published as part of Gross fixed capital formation (current US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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.