Cuba's industry, including construction, value added per worker (constant 2015 US$) was US$18,039 in 2024, the latest year in the World Bank's World Development Indicators. That is down 13.99% from US$20,973 in 2014 (1.5% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$18,039 | 2024 |
| Five years earlier | US$22,145 | 2019 |
| Ten years earlier | US$20,973 | 2014 |
| Highest | US$22,700 | 2018 |
| Lowest | US$9,557 | 1993 |
| Average since 2015 | US$20,877 | 2015–2024 |
| First recorded | US$15,234 |
What the numbers say
In 2024, Cuba's industry, including construction, value added per worker (constant 2015 US$) fell US$226.94 on 2023 (from US$18,266 to US$18,039).
Across the 30 yearly changes before that (1994 to 2023), the average change was +US$290.3 and a typical year strayed about US$1,086 from that (the standard deviation). This year's change was 0.5 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 US$2,785 in 2006 and the biggest yearly fall was US$4,030 in 1992. 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 US$559.66 a year. A straight line explains 79% 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 19 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.
| Value | Year | |
|---|---|---|
| Cuba | US$18,039 | 2024 |
| World | US$25,512 | 2025 |
| Latin America & Caribbean | US$22,007 | 2025 |
| Upper middle income | US$25,948 | 2025 |
Closest to Cuba in the 2024 ranking
- Papua New Guinea — 10th of 19: US$30,753
- Suriname — 11th of 19: US$18,481
- Tajikistan — 12th of 19: US$18,463
- Tonga — 14th of 19: US$14,059
- Vanuatu — 15th of 19: US$12,539
- Solomon Islands — 16th of 19: US$9,233
What this measures
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. The core indicator has been divided by the number of workers in this sector to derive a measure of labor productivity. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.
Limitations: For comparability of individual sectors labor productivity is estimated according to national accounts conventions. However, there are still significant limitations on the availability of reliable data. Information on consistent series of output is not easily available, especially in low- and middle-income countries, because the definition, coverage, and methodology are not always consistent across countries. For more details, see Agriculture, forestry, and fishing, value added (constant 2015 US$) [NV.AGR.TOTL.KD], Industry (including construction), value added (constant 2015 US$) [NV.IND.TOTL.KD], and Services, value added (constant 2015 US$) [NV.SRV.TOTL.KD].
Regional and income-group figures are computed by the World Bank as a weighted average.
All 34 values
| Year | Industry, including construction, value added per worker (constant 2015 US$) |
|---|---|
| 2024 | 18,039 |
| 2023 | 18,266 |
| 2022 | 18,596 |
| 2021 | 20,242 |
| 2020 | 22,035 |
| 2019 | 22,145 |
| 2018 | 22,700 |
| 2017 | 22,185 |
| 2016 | 21,953 |
| 2015 | 22,607 |
Industry, including construction, value added per worker (constant 2015 US$) in nearby economies
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$92.95 million (2023)
Reading data like this
Questions people ask
- What is Cuba's industry, including construction, value added per worker (constant 2015 US$)?
- US$18,039 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1991?
- It is up 18.42% from US$15,234 in 1991 (0.51% a year on average, compounded). The highest value was US$22,700 in 2018 and the lowest US$9,557 in 1993.
- How does Cuba rank?
- 13th highest of 19 economies with data for 2024.
- Is the latest change in industry, including construction, value added per worker (constant 2015 US$) unusual for Cuba?
- In 2024, Cuba's industry, including construction, value added per worker (constant 2015 US$) fell US$226.94 on 2023 (from US$18,266 to US$18,039). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$290.3 and a typical year strayed about US$1,086 from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NV.IND.EMPL.KD, licensed CC BY 4.0. Original source: World Development Indicators database, World Bank (WB); ILOSTAT database, International Labour Organization (ILO) 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