Taxes less subsidies on products in Cuba
Cuba: Taxes less subsidies on products was 16.49 billion current LCU in 2024. ◆ Volatile
Taxes less subsidies on products 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 taxes less subsidies on products in Cuba is 16.49 billion current LCU, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 122.3% on the previous year and up 1,894.0% over ten years.
Over the whole period, taxes less subsidies on products in Cuba peaked at 16.49 billion current LCU in 2024 and was at its lowest, 319.00 million current LCU, in 2002.
Cuba ranks 121st of 198 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 | 902.34 million current LCU | 515.67 million current LCU | 1.28 billion current LCU | 10 |
| 1980s | 1.66 billion current LCU | 1.32 billion current LCU | 2.26 billion current LCU | 10 |
| 1990s | 1.45 billion current LCU | 336.40 million current LCU | 5.12 billion current LCU | 10 |
| 2000s | 515.08 million current LCU | 319.00 million current LCU | 895.90 million current LCU | 10 |
| 2010s | 952.14 million current LCU | 658.00 million current LCU | 1.53 billion current LCU | 10 |
| 2020s | 6.86 billion current LCU | 762.00 million current LCU | 16.49 billion current LCU | 5 |
Countries ranked near Cuba
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)
- 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 taxes less subsidies on products in Cuba?
- Taxes less subsidies on products in Cuba was 16.49 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Cuba?
- The highest recorded value was 16.49 billion current LCU in 2024.
- What is the lowest taxes less subsidies on products recorded in Cuba?
- The lowest recorded value was 319.00 million current LCU in 2002.
- How does Cuba rank for taxes less subsidies on products?
- Cuba ranks 121st out of 198 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Cuba?
- Over the last ten years it is up 1,894.0%. 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 Taxes less subsidies on products (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. 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.