Industry (including construction), value added in Cuba
Cuba: Industry (including construction), value added was -3.0% in 2024. ◆ Volatile
Industry (including construction), value added in Cuba, 1971–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, industry (including construction), value added in Cuba stood at -3.0%.
That represents a change of down 93.3% on the previous year and down 4.4% over ten years.
Over the whole period, industry (including construction), value added in Cuba peaked at 19.4% in 1981 and was at its lowest, -27.0%, in 1992.
Cuba ranks 179th of 198 countries on this measure, in the bottom quarter.
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 | 5.4% | 1.0% | 9.6% | 9 |
| 1980s | 4.4% | -5.7% | 19.4% | 10 |
| 1990s | -2.9% | -27.0% | 13.8% | 10 |
| 2000s | 3.9% | -1.7% | 13.4% | 10 |
| 2010s | 1.3% | -3.6% | 8.8% | 10 |
| 2020s | -5.2% | -8.2% | -1.6% | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Taxes less subsidies on products 762.00 million current US$ (2020)
- 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 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 industry (including construction), value added in Cuba?
- Industry (including construction), value added in Cuba was -3.0% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Cuba?
- The highest recorded value was 19.4% in 1981.
- What is the lowest industry (including construction), value added recorded in Cuba?
- The lowest recorded value was -27.0% in 1992.
- How does Cuba rank for industry (including construction), value added?
- Cuba ranks 179th out of 198 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Cuba?
- Over the last ten years it is down 4.4%. 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 Offices (NSOs), published as part of Industry (including construction), value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.