Manufacturing, value added in Cuba
Cuba: Manufacturing, value added was 10.7% in 2024. ▲ Rising
Manufacturing, value added in Cuba, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, manufacturing, value added in Cuba stood at 10.7%.
The figure is down 3.7% on the previous year and down 29.2% over ten years.
Over the whole period, manufacturing, value added in Cuba peaked at 18.3% in 1997 and was at its lowest, 7.1%, in 1990.
That places Cuba 93rd out of 204 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.9% | 7.8% | 7.9% | 10 |
| 1980s | 7.8% | 7.5% | 8.1% | 10 |
| 1990s | 12.4% | 7.1% | 18.3% | 10 |
| 2000s | 14.7% | 13.4% | 16.4% | 10 |
| 2010s | 14.5% | 12.5% | 16.1% | 10 |
| 2020s | 10.8% | 10.5% | 11.2% | 5 |
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 manufacturing, value added in Cuba?
- Manufacturing, value added in Cuba was 10.7% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Cuba?
- The highest recorded value was 18.3% in 1997.
- What is the lowest manufacturing, value added recorded in Cuba?
- The lowest recorded value was 7.1% in 1990.
- How does Cuba rank for manufacturing, value added?
- Cuba ranks 93rd out of 204 countries with data for 2024.
- Is manufacturing, value added rising or falling in Cuba?
- Over the last ten years it is down 29.2%. 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 Manufacturing, value added (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.