Services sector value added to GDP in Cuba 2021

In 2021, the value added by the services industry to the gross domestic product in Cuba increased by 2.5 billion U.S. dollars (+4.15 percent) since 2020. In total, the value added amounted to 62.76 billion U.S. dollars in 2021. Notably, the value added has been, with the exception of 2020, continuously increasing over the last years.

Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources
Find more statistics on other topics about Cuba with key insights such as growth rate of the real gross domestic product, value added by the services industry to the gross domestic product, and share of value added by the manufacturing industry to the gross domestic product.

Value added by the services industry to the gross domestic product (GDP) in Cuba from 2011 to 2021 (in billion U.S. dollars)

Characteristic	Value in billion U.S. dollars
2021	62.76
2020	60.28
2019	67.89
2018	66.93
2017	65.54
2016	64.18
2015	63.4
2014	61.43
2013	60.03
2012	58.66
2011	57.06

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Release date

May 2023

More information

Region

Cuba

Survey time period

2011 to 2021

Special properties

Values in constant U.S. dollars based on 2015 prices

Supplementary notes

Data represents the value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources.

The source does not provide a date of release, the date given is the one of last access.
Figures have been rounded.

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