Cuba's adjusted savings, education expenditure (current US$) was US$13.25 billion in 2019, the latest year in the World Bank's World Development Indicators. That is up 78.48% from US$7.43 billion in 2009 (5.96% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$13.25 billion | 2019 |
| Five years earlier | US$10.36 billion | 2014 |
| Ten years earlier | US$7.43 billion | 2009 |
| Highest | US$13.25 billion | 2019 |
| Lowest | US$359.9 million | 1970 |
| Average since 2010 | US$10.75 billion | 2010–2019 |
| First recorded | US$359.9 million |
What the numbers say
In 2019, Cuba's adjusted savings, education expenditure (current US$) rose 3.3% on 2018 (from US$12.82 billion to US$13.25 billion).
Across the 30 yearly changes before that (1989 to 2018), the average change was +7.6% and a typical year strayed about 13.7% from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 59.5% in 2007 and the biggest yearly fall was 20.8% in 1996. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2010 to 2019 the straight-line trend is upward, about US$608.73 million a year. A straight line explains 99% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about US$15.08 billion for 2022. We show this only because the same method, fitted on earlier years, predicted 2017 to 2019 better than "no change" would have: its average miss was US$412.51 million, against US$1.11 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
Closest to Cuba in the 2019 ranking
- Kuwait — 2nd of 4: US$4.93 billion
- Turkmenistan — 3rd of 4: US$1.01 billion
- Liechtenstein — 4th of 4: US$191.97 million
What this measures
Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 50 values
| Year | Adjusted savings, education expenditure (current US$) |
|---|---|
| 2019 | 13,253,781,380 |
| 2018 | 12,824,607,500 |
| 2017 | 12,424,159,700 |
| 2016 | 11,720,188,600 |
| 2015 | 11,190,421,400 |
| 2014 | 10,356,233,210 |
| 2013 | 9,917,002,600 |
| 2012 | 9,386,194,600 |
| 2011 | 8,837,172,600 |
| 2010 | 7,576,638,519 |
Adjusted savings, education expenditure (current US$) in nearby economies
- Antigua and Barbuda — US$32.73 million (2021)
- Argentina — US$24.06 billion (2021)
- Aruba — US$174.47 million (2021)
- Bahamas, The — US$401.76 million (2021)
- Barbados — US$302.46 million (2021)
- Belize — US$154.23 million (2021)
- Bolivia — US$2.39 billion (2021)
- Brazil — US$93.09 billion (2021)
- Chile — US$16.51 billion (2021)
More economic policy & debt data for Cuba
- Grants, excluding technical cooperation (BoP, current US$) — US$139.62 million (2023)
- Technical cooperation grants (BoP, current US$) — US$18.29 million (2023)
- Net official development assistance and official aid received (current US$) — US$167.15 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$167.15 million (2023)
- Net official development assistance received (current US$) — US$167.15 million (2023)
- Net official development assistance received (constant 2023 US$) — US$167.15 million (2023)
- Net ODA received per capita (current US$) — US$15.17 (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$92.95 million (2023)
Reading data like this
Questions people ask
- What is Cuba's adjusted savings, education expenditure (current US$)?
- US$13.25 billion in 2019, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 3,583% from US$359.9 million in 1970 (7.64% a year on average, compounded). The highest value was US$13.25 billion in 2019 and the lowest US$359.9 million in 1970.
Source
World Bank, World Development Indicators, indicator NY.ADJ.AEDU.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Statistical Yearbook, United Nations (UN), publisher: UN Statistics Division; Online database, UN Educational, Scientific and Cultural Organization (UNESCO), publisher: UNESCO Institute for Statistics (UIS) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in