Cuba: Agriculture, forestry, and fishing, value added (constant LCU)

Key figures

What the numbers say

In 2024, Cuba's agriculture, forestry, and fishing, value added (constant LCU) fell 20.5% on 2023 (from 1.06 billion to 840 million).

Across the 30 yearly changes before that (1994 to 2023), the average change was −0.8% and a typical year strayed about 9.2% from that (the standard deviation). This year's change was 2.1 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 19.5% in 1981 and the biggest yearly fall was 24% in 1991. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is downward, about 160.07 million a year. A straight line explains 88% 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.

How it compares

In 2024, Cuba had the 13th highest value of the 24 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Cuba in the 2024 ranking

• Solomon Islands — 10th of 24: 2.92 billion
• Tajikistan — 11th of 24: 1.98 billion
• Suriname — 12th of 24: 914.42 million
• Trinidad and Tobago — 14th of 24: 679.99 million
• Timor-Leste — 15th of 24: 331.07 million
• Barbados — 16th of 24: 228.57 million

What this measures

Agriculture, forestry, and fishing corresponds to ISIC (Rev. 4) divisions 01-03 and includes the exploitation of vegetal and animal natural resources, comprising the activities of growing of crops, raising and breeding of animals, harvesting of timber and other plants, animals or animal products from a farm or their natural habitats.Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.

All 55 values

Agriculture, forestry, and fishing, value added (constant LCU) in nearby economies

• Antigua and Barbuda — 66.44 million (2025)
• Argentina — 53.69 billion (2025)
• Aruba — 2.05 million (2023)
• Bahamas, The — 85.8 million (2024)
• Barbados — 228.57 million (2024)
• Belize — 486.49 million (2025)
• Bolivia — 29.21 billion (2024)
• Brazil — 267.12 billion (2025)
• Cayman Islands — 19.77 million (2024)

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

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Questions people ask

What is Cuba's agriculture, forestry, and fishing, value added (constant LCU)?

840 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is down 36.32% from 1.32 billion in 1970 (0.83% a year on average, compounded). The highest value was 3.19 billion in 1989 and the lowest 840 million in 2024.

How does Cuba rank?

13th highest of 24 economies with data for 2024.

Is the latest change in agriculture, forestry, and fishing, value added (constant LCU) unusual for Cuba?

In 2024, Cuba's agriculture, forestry, and fishing, value added (constant LCU) fell 20.5% on 2023 (from 1.06 billion to 840 million). Across the 30 yearly changes before that (1994 to 2023), the average change was −0.8% and a typical year strayed about 9.2% from that (the standard deviation). This year's change was 2.1 standard deviations below that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator NV.AGR.TOTL.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) 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.

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