Industry (including construction), value added in Cuba
Cuba: Industry (including construction), value added was 8.79 billion constant LCU in 2024. ▲ Rising
Industry (including construction), value added in Cuba, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Cuba recorded 8.79 billion constant LCU for industry (including construction), value added in 2024.
The figure is down 3.0% on the previous year and down 17.8% over ten years.
Over the whole period, industry (including construction), value added in Cuba peaked at 11.96 billion constant LCU in 2018 and was at its lowest, 4.29 billion constant LCU, in 1970.
Cuba ranks 151st of 199 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.55 billion constant LCU | 4.29 billion constant LCU | 6.89 billion constant LCU | 10 |
| 1980s | 9.12 billion constant LCU | 6.59 billion constant LCU | 10.39 billion constant LCU | 10 |
| 1990s | 6.90 billion constant LCU | 5.08 billion constant LCU | 10.59 billion constant LCU | 10 |
| 2000s | 8.55 billion constant LCU | 7.43 billion constant LCU | 10.22 billion constant LCU | 10 |
| 2010s | 11.08 billion constant LCU | 10.09 billion constant LCU | 11.96 billion constant LCU | 10 |
| 2020s | 9.50 billion constant LCU | 8.79 billion constant LCU | 10.58 billion constant LCU | 5 |
Countries ranked near Cuba
- 148 Jordan 11.48 billion constant LCU compare
- 149 Bosnia and Herzegovina 9.55 billion constant LCU compare
- 150 Maldives 8.88 billion constant LCU compare
- 152 El Salvador 7.41 billion constant LCU compare
- 153 Luxembourg 6.62 billion constant LCU compare
- 154 Bahrain 5.89 billion constant LCU compare
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 -3.0% (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 8.79 billion constant LCU 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 11.96 billion constant LCU in 2018.
- What is the lowest industry (including construction), value added recorded in Cuba?
- The lowest recorded value was 4.29 billion constant LCU in 1970.
- How does Cuba rank for industry (including construction), value added?
- Cuba ranks 151st out of 199 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Cuba?
- Over the last ten years it is down 17.8%. 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 Industry (including construction), value added (constant LCU). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.