What is gross value added at basic prices (gva) in Cuba?

Gross value added at basic prices (gva) in Cuba was 1.07 trillion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.

What is the highest gross value added at basic prices (gva) recorded in Cuba?

The highest recorded value was 1.07 trillion current LCU in 2024.

What is the lowest gross value added at basic prices (gva) recorded in Cuba?

The lowest recorded value was 5.18 billion current LCU in 1970.

How does Cuba rank for gross value added at basic prices (gva)?

Cuba ranks 99th out of 206 countries with data for 2024.

Is gross value added at basic prices (gva) rising or falling in Cuba?

Over the last ten years it is up 1,238.2%. 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 value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.

Gross value added at basic prices (GVA) in Cuba

Name: Gross value added at basic prices (GVA) in Cuba
Creator: Country official statistics, National Statistical Organizations and/or Central Banks
License: CC BY 4.0 (World Bank Open Data)

Cuba: Gross value added at basic prices (GVA) was 1.07 trillion current LCU in 2024. ◆ Volatile

Latest (2024)

1.07 trillion current LCU

Change on year

up 30.0%

World rank

99th

of 206 countries

All-time high

1.07 trillion current LCU

in 2024

All-time low

5.18 billion current LCU

in 1970

Years of data

1970–2024

Gross value added at basic prices (GVA) 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 value added at basic prices (gva) in Cuba is 1.07 trillion current LCU, measured in 2024. That is the highest value across all 55 years on record.

The figure is up 30.0% on the previous year and up 1,238.2% over ten years.

Over the whole period, gross value added at basic prices (gva) in Cuba peaked at 1.07 trillion current LCU in 2024 and was at its lowest, 5.18 billion current LCU, in 1970.

That places Cuba 99th out of 206 countries with data for 2024, putting it 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	9.08 billion current LCU	5.18 billion current LCU	13.02 billion current LCU	10
1980s	17.53 billion current LCU	13.01 billion current LCU	19.61 billion current LCU	10
1990s	20.72 billion current LCU	15.43 billion current LCU	27.98 billion current LCU	10
2000s	44.17 billion current LCU	30.17 billion current LCU	61.45 billion current LCU	10
2010s	83.36 billion current LCU	63.67 billion current LCU	101.90 billion current LCU	10
2020s	633.07 billion current LCU	106.59 billion current LCU	1.07 trillion current LCU	5

Countries ranked near Cuba

96 Ghana 1.34 trillion current LCU compare
97 Mozambique 1.28 trillion current LCU compare
98 Afghanistan 1.19 trillion current LCU compare
100 Netherlands 1.06 trillion current LCU compare
101 Peru 1.01 trillion current LCU compare
102 Honduras 930.64 billion current LCU compare

See the full ranking of 206 places →

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)

All data for Cuba →

Frequently asked questions

What is gross value added at basic prices (gva) in Cuba?: Gross value added at basic prices (gva) in Cuba was 1.07 trillion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
What is the highest gross value added at basic prices (gva) recorded in Cuba?: The highest recorded value was 1.07 trillion current LCU in 2024.
What is the lowest gross value added at basic prices (gva) recorded in Cuba?: The lowest recorded value was 5.18 billion current LCU in 1970.
How does Cuba rank for gross value added at basic prices (gva)?: Cuba ranks 99th out of 206 countries with data for 2024.
Is gross value added at basic prices (gva) rising or falling in Cuba?: Over the last ten years it is up 1,238.2%. 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 value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.

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About this data

Indicator: Gross value added at basic prices (GVA) (current LCU)
Unit: current LCU
Source: Country official statistics, National Statistical Organizations and/or Central Banks
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 206 places, 9,147 data points, 1960–2025
Last refreshed: 06 August 2026

Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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.