The value added to gross domestic product by the manufacturing sector in Cuba decreased to 7.6 billion U.S. dollars since the previous year. Therefore, 2022 marks the lowest value added during the observed period. Notably, the value added is continuously decreasing over the last years. These figures refer to the total value of output from manufacturing industries. Constant figures have been used to negate the impact of monetary inflation, asset devaluation, and resource depletion, allowing more accurate comparisons between years.
Based on constant prices taking 2010 as reference year
Supplementary notes
Data represents the gross value added to GDP by the manufacturing sector. Value added is the value of the gross output of producers minus the value of intermediate goods and services consumed in production. Figures have been rounded.
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World Bank. (May 30, 2024). Value added to gross domestic product by the manufacturing sector in Cuba from 2013 to 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1074230/manufacturing-industry-added-value-gdp-cuba/
World Bank. "Value added to gross domestic product by the manufacturing sector in Cuba from 2013 to 2022 (in billion U.S. dollars)." Chart. May 30, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1074230/manufacturing-industry-added-value-gdp-cuba/
World Bank. (2024). Value added to gross domestic product by the manufacturing sector in Cuba from 2013 to 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1074230/manufacturing-industry-added-value-gdp-cuba/
World Bank. "Value Added to Gross Domestic Product by The Manufacturing Sector in Cuba from 2013 to 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/1074230/manufacturing-industry-added-value-gdp-cuba/
World Bank, Value added to gross domestic product by the manufacturing sector in Cuba from 2013 to 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1074230/manufacturing-industry-added-value-gdp-cuba/ (last visited July 22, 2024)
Value added to gross domestic product by the manufacturing sector in Cuba from 2013 to 2022 (in billion U.S. dollars) [Graph], World Bank, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/1074230/manufacturing-industry-added-value-gdp-cuba/