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

The value for Gross value added at factor cost (constant LCU) in Cuba was 50,279,700,000 as of 2020. As the graph below shows, over the past 50 years this indicator reached a maximum value of 56,556,000,000 in 2018 and a minimum value of 14,290,630,000 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 constant local currency.

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

Year Value
1970 14,290,630,000
1971 15,516,830,000
1972 16,265,420,000
1973 16,824,620,000
1974 16,992,990,000
1975 18,600,030,000
1976 19,606,620,000
1977 21,314,850,000
1978 22,727,750,000
1979 22,993,500,000
1980 21,837,640,000
1981 26,136,090,000
1982 28,493,590,000
1983 30,086,690,000
1984 32,578,750,000
1985 32,597,920,000
1986 32,929,050,000
1987 32,324,650,000
1988 33,707,640,000
1989 34,311,480,000
1990 33,706,980,000
1991 29,810,190,000
1992 25,979,850,000
1993 22,251,580,000
1994 22,074,000,000
1995 22,449,450,000
1996 24,339,160,000
1997 25,029,480,000
1998 25,069,050,000
1999 26,644,780,000
2000 28,229,700,000
2001 29,149,100,000
2002 29,565,900,000
2003 30,661,200,000
2004 32,377,600,000
2005 35,978,680,000
2006 40,255,200,000
2007 43,231,600,000
2008 44,991,900,000
2009 45,910,000,000
2010 46,999,000,000
2011 48,182,000,000
2012 49,666,000,000
2013 50,998,000,000
2014 51,609,000,000
2015 53,849,000,000
2016 54,245,000,000
2017 55,310,000,000
2018 56,556,000,000
2019 56,460,000,000
2020 50,279,700,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts