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Services value added — all countries

Services value added — Cuba

Services value added in Cuba in 2020 — 78,914,000,000 US$. Ranked 57 in the world out of 201. Since 1996, the indicator has risen by 387.7%.

2020 78.91B US$ +8.37% vs 2019
World rank 57of 201
Period maximum 78.91B US$2020
Period minimum 16.18B US$1996

Trend over time

1996–2020 · US$

Services value added — Cuba, 1996–2020020B40B60B80B1996199920022005200820112014201720201996: 16,181,268,700 US$1997: 16,210,808,100 US$1998: 17,130,031,200 US$1999: 19,036,715,200 US$2000: 20,347,200,000 US$2001: 21,381,200,000 US$2002: 23,312,900,000 US$2003: 25,388,700,000 US$2004: 27,296,800,000 US$2005: 31,109,041,300 US$2006: 35,782,870,370 US$2007: 39,307,129,630 US$2008: 40,719,444,444 US$2009: 41,647,222,222 US$2010: 43,164,814,815 US$2011: 50,367,000,000 US$2012: 52,411,000,000 US$2013: 55,369,000,000 US$2014: 58,786,000,000 US$2015: 63,396,500,000 US$2016: 65,831,000,500 US$2017: 68,586,800,000 US$2018: 70,249,547,300 US$2019: 72,819,000,000 US$2020: 78,914,000,000 US$
Change over the period: +62.73B (+387.69%) Average annual rate: 6.82 %

Comparison, 2020

How the value compares with the world and the groups this territory belongs to: Cuba

Cuba 78.91B US$
World 56.5T US$
Latin America & Caribbean 3.24T US$
Caribbean computed 234B US$
Upper-middle-income countries computed 12.81T US$
Services value added — Cuba, by year Cuba All countries CSV XLSX
Year US$ Change Change, %
2020 78.91B +6.1B +8.37%
2019 72.82B +2.57B +3.66%
2018 70.25B +1.66B +2.42%
2017 68.59B +2.76B +4.19%
2016 65.83B +2.43B +3.84%
2015 63.4B +4.61B +7.84%
2014 58.79B +3.42B +6.17%
2013 55.37B +2.96B +5.64%
2012 52.41B +2.04B +4.06%
2011 50.37B +7.2B +16.69%
2010 43.16B +1.52B +3.64%
2009 41.65B +928M +2.28%
2008 40.72B +1.41B +3.59%
2007 39.31B +3.52B +9.85%
2006 35.78B +4.67B +15.02%
2005 31.11B +3.81B +13.97%
2004 27.3B +1.91B +7.52%
2003 25.39B +2.08B +8.9%
2002 23.31B +1.93B +9.03%
2001 21.38B +1.03B +5.08%
2000 20.35B +1.31B +6.88%
1999 19.04B +1.91B +11.13%
1998 17.13B +919M +5.67%
1997 16.21B +29.54M +0.18%
1996 16.18B — —

Caribbean, 2020

The same indicator for neighboring countries — with links to their pages

CU Cuba 78.91B PR Puerto Rico 51.13B DO Dominican Republic 47.18B TT Trinidad and Tobago 13.1B JM Jamaica 8.85B BS Bahamas 7.92B HT Haiti 7.82B KY Cayman Islands 4.91B BB Barbados 3.97B CW Curaçao 1.9B AW Aruba 1.9B SX Sint Maarten 1.09B LC Saint Lucia 1.08B AG Antigua and Barbuda 958M GD Grenada 697M TC Turks and Caicos Islands 693M KN Saint Kitts and Nevis 567M VC Saint Vincent and the Grenadines 547M DM Dominica 315M
Full table for all countries

About the indicator

Value added by the service sector in current US dollars: trade, transport, communications, finance, real estate, public administration, education, health care and everything else that is neither industry nor agriculture. In most advanced countries this is two thirds of the economy or more, and in absolute figures the sector is larger than industry almost everywhere except a few manufacturing economies of East Asia.

Important: A residual category by definition: everything not assigned to agriculture or industry. Its composition is therefore harder to compare across countries than its size.

Source: World Development Indicators (World Bank), license CC BY 4.0.

Other indicators for Cuba

Economy Services share of GDP

The contribution of trade, transport, finance, IT and public administration to value added.

Cuba by year Economy Industry value added

How much a country's industry creates in money terms — all of it, including mining, construction and utilities.

Cuba by year Economy GDP

Gross domestic product in current US dollars — the size of a country's economy.

Cuba by year Economy GDP per capita

GDP divided by the population, in current US dollars.

Cuba by year Economy GDP growth

The annual growth rate of GDP in constant prices — with inflation stripped out.

Cuba by year
All indicators for Cuba