Industry (including construction), value added in Cuba
Cuba: Industry (including construction), value added was 24.71 billion current US$ in 2020. ◆ Volatile
Industry (including construction), value added in Cuba, 1970–2020
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for industry (including construction), value added in Cuba is 24.71 billion current US$, measured in 2020.
The figure is down 2.7% on the previous year and up 81.2% over ten years.
Over the whole period, industry (including construction), value added in Cuba peaked at 25.39 billion current US$ in 2019 and was at its lowest, 964.15 million current US$, in 1970.
Cuba ranks 78th of 208 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.04 billion current US$ | 964.15 million current US$ | 3.31 billion current US$ | 10 |
| 1980s | 3.95 billion current US$ | 3.38 billion current US$ | 4.61 billion current US$ | 10 |
| 1990s | 5.43 billion current US$ | 3.64 billion current US$ | 7.20 billion current US$ | 10 |
| 2000s | 9.80 billion current US$ | 7.80 billion current US$ | 12.99 billion current US$ | 10 |
| 2010s | 19.61 billion current US$ | 13.64 billion current US$ | 25.39 billion current US$ | 10 |
| 2020s | 24.71 billion current US$ | 24.71 billion current US$ | 24.71 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)
- Manufacturing, value added 10.7% (2024)
- 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 industry (including construction), value added in Cuba?
- Industry (including construction), value added in Cuba was 24.71 billion current US$ in 2020, 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 25.39 billion current US$ in 2019.
- What is the lowest industry (including construction), value added recorded in Cuba?
- The lowest recorded value was 964.15 million current US$ in 1970.
- How does Cuba rank for industry (including construction), value added?
- Cuba ranks 78th out of 208 countries with data for 2020.
- Is industry (including construction), value added rising or falling in Cuba?
- Over the last ten years it is up 81.2%. 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 Offices (NSOs), published as part of Industry (including construction), value added (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.