Cuba - Gross value added at factor cost (current LCU)

The value for Gross value added at factor cost (current LCU) in Cuba was 106,590,000,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 106,590,000,000 in 2020 and a minimum value of 5,177,330,000 in 1970.

Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1970 5,177,330,000
1971 6,287,934,000
1972 7,050,014,000
1973 7,529,885,000
1974 8,507,795,000
1975 9,713,716,000
1976 10,291,920,000
1977 10,721,540,000
1978 12,501,150,000
1979 13,020,360,000
1980 13,013,330,000
1981 15,184,660,000
1982 16,213,570,000
1983 17,403,150,000
1984 19,330,480,000
1985 18,731,920,000
1986 18,357,590,000
1987 18,288,070,000
1988 19,205,130,000
1989 19,609,940,000
1990 20,072,510,000
1991 17,103,190,000
1992 15,464,110,000
1993 15,432,070,000
1994 17,350,410,000
1995 18,715,030,000
1996 24,641,870,000
1997 25,029,510,000
1998 25,375,030,000
1999 27,976,520,000
2000 30,169,800,000
2001 31,279,400,000
2002 33,271,500,000
2003 35,531,200,000
2004 37,808,000,000
2005 42,149,740,000
2006 52,152,800,000
2007 57,943,700,000
2008 59,910,400,000
2009 61,452,000,000
2010 63,670,000,000
2011 68,210,000,000
2012 72,318,000,000
2013 76,257,000,000
2014 79,829,000,000
2015 86,216,000,000
2016 90,393,000,000
2017 95,857,000,000
2018 98,924,000,000
2019 101,603,000,000
2020 106,590,000,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts