Cuba GDP from Services
Services value added as a share of GDP.
GDP from Services in Cuba increased to 73.39 percent of GDP in 2024 from 73.20 percent of GDP in 2023.
Cuba GDP from Services — History
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Cuba GDP from Services — analysis in simple words
Latest reading
GDP from Services in Cuba increased to 73.39 percent of GDP in 2024 from 73.20 percent of GDP in 2023.
Over the last three years it rose once and fell twice.
Recent trend
A year earlier (2023) it was 73.2%, so the latest figure is 0.2 percentage points higher.
Over the past five years the average was 73.9%, with a range from 73.2% to 75.0%. The latest value is below that five-year average.
Historical context
This data series starts in 1996 and has 29 annual observations. The latest reading is higher than 86% of all of them.
The highest value on record is 75.0% (2021) and the lowest is 63.9% (1997). The long-run average is 71.0%.
Compared with other countries
Among 202 economies with recent data, Cuba ranks 21st from the top. The median across all these economies is 57.7%, so Cuba is above the typical country.
Within Latin America & Caribbean (38 economies with data) it ranks 7th; the regional median is 60.0%.
Statistics
- Latest
- 73.4%2024
- Previous
- 73.2%
- 5-year average
- 73.9%
- Long-run average
- 71.0%since 1996
- All-time high
- 75.0%2021
- All-time low
- 63.9%1997
- Observations
- 29Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2024 | 73.4% | ▲ +0.2 pp |
| 2023 | 73.2% | ▼ −1.4 pp |
| 2022 | 74.6% | ▼ −0.4 pp |
| 2021 | 75.0% | ▲ +1.5 pp |
| 2020 | 73.5% | ▲ +3.1 pp |
| 2019 | 70.4% | ▲ +0.2 pp |
| 2018 | 70.2% | ▼ −0.6 pp |
| 2017 | 70.8% | ▼ −1.2 pp |
| 2016 | 72.0% | ▼ −0.7 pp |
| 2015 | 72.8% | ▼ −0.1 pp |
| 2014 | 72.9% | ▲ +1.1 pp |
| 2013 | 71.8% | ▲ +0.1 pp |
| 2012 | 71.7% | ▼ −1.3 pp |
| 2011 | 73.0% | ▲ +0.5 pp |
| 2010 | 72.5% | ▲ +0.0 pp |
| 2009 | 72.5% | ▲ +0.1 pp |
| 2008 | 72.3% | ▼ −0.1 pp |
| 2007 | 72.4% | ▼ −0.8 pp |
| 2006 | 73.3% | ▲ +0.3 pp |
| 2005 | 73.0% | ▲ +1.5 pp |
| 2004 | 71.5% | ▲ +0.7 pp |
| 2003 | 70.7% | ▲ +1.3 pp |
| 2002 | 69.4% | ▲ +1.9 pp |
| 2001 | 67.5% | ▲ +0.9 pp |
| 2000 | 66.6% | ▼ −0.5 pp |
| 1999 | 67.1% | ▲ +0.6 pp |
| 1998 | 66.6% | ▲ +2.7 pp |
| 1997 | 63.9% | ▼ −0.8 pp |
| 1996 | 64.7% |
GDP from Services — Cuba vs Peers
Latest available reading for each economy (periods may differ). Cuba highlighted.
More Cuba indicators
Understanding GDP from Services — a simple guide
What it measures
Services value added as a share of GDP.
How it is calculated
Value added by services (trade, transport, finance, IT, health, education, government) ÷ GDP × 100.
A share of 55% means more than half the economy is services.
Service-heavy economies tend to be less cyclical.
A lower share means agriculture or industry plays a bigger role.
Why it matters for the economy and markets
Services dominate most advanced economies and a growing share of emerging ones.
How to read it
Services tend to be less cyclical than industry and more dependent on domestic demand.
Data source
World Bank — World Development Indicators (series NV.SRV.TOTL.ZS), annual data from 1996 to 2024. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
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Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.