This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Cuba from 2012 to 2022. In 2022, agriculture contributed around 0.8 percent to the GDP of Cuba, 23.77 percent came from the industry and 74.61 percent from the services sector.

The share of value added by the services industry to gross domestic product in Cuba saw no significant changes in 2022 in comparison to the previous year 2021 and remained at around 74.61 percent. In comparison to 2021, the share decreased not significantly by 0.4 percentage points (-0.53 percent). Value added of a sector is the contribution of a sector to the overall GDP. The components of value added consist of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus. Value added equals the difference between a sector’s gross output and the cost of its intermediate inputs.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 agriculture, forestry and fishing sector to the gross domestic product, and share of value added by the manufacturing industry to the gross domestic product.

In 2023, the value added by the services industry to the gross domestic product in Cuba decreased by one billion U.S. dollar (-1.53 percent) compared to 2022. This decrease was preceded by an increase in value added.Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. 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.

Cuba Tourism and Hotel Market is Segmented by Tourism (Domestic Tourism and International Tourism) and by Hotel (Budget and Economy Hotels, Mid and Upper Mid-Scale Hotels, Luxury Hotels, Others (Homestays, Hostels, Etc. )). The Report Offers Market Size and Forecasts for the Cuba Tourism and Hotel Market in Value (USD Million) for all the Above Segments.

Cuba manufacturing output for 2022 was $0.00, a 0% increase from 2021.

<ul style='margin-top:20px;'>

<li>Cuba manufacturing output for 2021 was <strong>$0.00</strong>, a <strong>100% decline</strong> from 2020.</li>
<li>Cuba manufacturing output for 2020 was <strong>12.02 billion US dollars</strong>, a <strong>6.87% decline</strong> from 2019.</li>
<li>Cuba manufacturing output for 2019 was <strong>12.91 billion US dollars</strong>, a <strong>0.68% increase</strong> from 2018.</li>
</ul>Manufacturing refers to industries belonging to ISIC divisions 15-37. 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 origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current U.S. dollars.

The value added to gross domestic product by the manufacturing sector in Cuba declined to 7.08 billion U.S. dollars in 2023. Therefore, the value added in Cuba saw its lowest number in that year with 7.08 billion U.S. dollars. Notably, the value added is continuously decreasing over the last years.These figures refer to the total value of manufacturing output within a given country, and constant values have been used to negate the impact of inflation when comparing values across multiple years.Find more statistics on other topics about Cuba with key insights such as value added by the services industry to the gross domestic product, value added by the agriculture, forestry and fishing sector to the gross domestic product, and growth rate of the real gross domestic product.

This chart offers an insightful look at the store count by category in Cuba. Leading the way is Travel, with 25 stores, which is 43.86% of the total stores in the region. Next is Apparel, contributing 5 stores, or 8.77% of the region's total. Beauty & Fitness also has a notable presence, with 5 stores, making up 8.77% of the store count in Cuba. This breakdown provides a clear picture of the diverse retail landscape in Cuba, showcasing the variety and scale of stores across different categories.

The share of value added by the manufacturing industry to the gross domestic product in Cuba increased by 0.2 percentage points (+1.9 percent) in 2022. This was the first time during the observed period that the share has increased in Cuba. These figures refer to the share of total gross domestic product (GDP) made up by manufacturing output.Find more statistics on other topics about Cuba with key insights such as value added by the services industry to the gross domestic product, value added by the services industry to the gross domestic product, and value added to gross domestic product by the manufacturing sector.

The shipments of the six major exporters of diamonds (industrial), namely Angola, Belgium, Russia, the United Arab Emirates, India and Democratic Republic of the Congo, represented more than two-thirds of total export. The following exporters - Botswana (X tons), Zimbabwe (X tons), Hong Kong SAR (X tons) and the UK (X tons) - together made up 7% of total exports.

After two years of decline, the Cuban lock and key market increased by 27% to $X in 2021. Overall, consumption, however, recorded a deep contraction. Lock and key consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Cuba. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the crude oil assets (oil fields, refineries and pipelines) in Cuba. The report compares the investment environment in Cuba with other countries in the region. The profiles of the major companies operating in the crude oil sector in Cuba together with the latest news and deals are also included in the report. Read More

The Cuba tourism and hotel market exhibits robust growth potential, projected to reach a market size of $6.60 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 14.17% from 2025 to 2033. This expansion is fueled by several key drivers. Increased international flight accessibility and infrastructure improvements are making Cuba more accessible to tourists. The unique cultural heritage, historical sites, and pristine beaches of Cuba attract a diverse range of travelers, from those seeking historical exploration to those seeking relaxation on idyllic shores. The government's strategic investments in tourism infrastructure, including hotel renovations and the development of new resorts, further contribute to the market's growth. Furthermore, a growing global interest in sustainable and experiential travel aligns well with Cuba's unique offerings, attracting environmentally conscious tourists. However, challenges remain, including the need for continued infrastructure development to handle increasing tourist numbers, economic fluctuations, and potential political and social factors influencing travel patterns. Diversification of tourism offerings beyond traditional beach resorts, including ecotourism and cultural experiences, will be crucial to maintain sustainable long-term growth. The segmentation reveals a diverse landscape, with budget and economy hotels comprising a significant share, reflecting the varied needs and budgets of visitors. The presence of international hotel chains like Melia Hotels International, Iberostar, and Accor, alongside local brands such as Gran Caribe Grupo Hotelero, indicates a competitive yet collaborative market dynamic. The market's segmentation into domestic and international tourism reveals a dynamic interplay. While international tourism forms a substantial portion of the market's revenue, domestic tourism plays a supporting role, contributing to the overall economic vitality of the sector. The hotel segment, encompassing budget, mid-scale, luxury and alternative accommodations (homestays, hostels), caters to a broad spectrum of travelers. Future growth hinges on effectively managing the environmental impact of tourism, ensuring the preservation of Cuba's natural beauty, and enhancing the visitor experience through improvements in infrastructure and service quality. The competitive landscape amongst hotel chains will likely intensify, prompting investments in innovative offerings, strategic partnerships, and a heightened focus on customer experience to maintain market share. The forecast period (2025-2033) is expected to witness sustained growth, driven by the factors described above, albeit with potential volatility influenced by global events and domestic policies. Recent developments include: Melia and Iberostar are among the large foreign hotel chains which continue with their expansion in Cuba, to the point that the first of them extended its agreement with the Cuban government for 25 years in 2019. Melia has establishments in Varadero, Cayo Santa María, Havana, and very soon in Cienfuegos, Trinidad, and Camaguey.. Notable trends are: Increasing Tourist Arrivals to Cuba is Driving the Market.

In 2017, the Dominican Republic (X kg) was the main cashew nut supplier to Cuba, with a approx. 100% share of total imports.

Throughout the 17th century, St Domingue (Haiti) was the largest producer of sugar in the world (unfortunately no annual data is available in this source); with the Haitian revolution in 1791, however, Haiti became the first independent state in the Caribbean, and its share of the international sugar market all-but disappeared. By the mid-1800s, European investment in Cuba led to it becoming the world leader in the sugar industry; a position it would hold until the 1960s, when it was overtaken by Brazil.

Slavery and the "sugar bowl of the world" The brief annexation of Cuba by the British in the 1760s saw an influx of investment from European merchants into Cuba's undermanned sugar plantations, who aimed to exploit Cuba's abundant resources and rival the dominance of St Domingue. With this investment and opening of international trade, plantation owners in Cuba began importing slave labor to meet the overwhelming demand; as a result, Cuba became one of the most common destinations for African slaves in the 19th century. Slavery was eventually abolished in Cuba in 1886, however this did little to disrupt Cuba's sugar output, and migrant workers were imported form Asia (namely, China) to meet labor demands.

From the data, the first major disruption to Cuba's sugar output came in the 1890s, during the Cuban War of Independence (1895-1898), when it dropped by over 77.5 percent between 1894 and 1895. Production increased significantly in the early 20th century, due to agricultural mechanization, and output was between four and five million metric tons in the late 1920s; however, the Great Depression then saw Cuba's sugar output drop from 5.2 million tons in 1928 to just 1.9 million tons by 1932. Annual output then grew significantly following the Second World War, exceeding five (sometimes even eight) million tons per year; nonetheless, output fluctuated greatly, with observable changes during milestone years in Cuban history, such as the military coup in the early 1950s, the Cuban Missile Crisis and U.S. trade embargo in 1962, and Castro's (failed) attempt to harvest ten million tons of sugar in 1970 to boost the Cuban economy.

The growth rate of the real gross domestic product in Cuba decreased by 3.7 percentage points (-209.04 percent) compared to the previous year. The year marks a significant change in the growth rate compared to the previous year. Gross domestic product (GDP) growth refers to the annual change in GDP, and uses constant prices to allow comparisons between years without the impact of monetary inflation.Find more statistics on other topics about Cuba with key insights such as share of value added by the manufacturing industry to the gross domestic product, value added by the services industry to the gross domestic product, and value added to gross domestic product by the manufacturing sector.

The Czech Republic (X cubic meters) was the main destination for particle board exports from Cuba, with a approx. 100% share of total exports.

The Netherlands (X kg) was the main destination for quince exports from Cuba, accounting for a approx. 100% share of total exports.

In 2015, Italy (X tons) was the main vinyl chloride supplier to Cuba, with a approx. 100% share of total imports.

The majority of accommodation establishments in Cuba in 2021 were hotels, totaling 326. That same year, there were only three motels in the Caribbean country. Due to the COVID-19 impact of COVID-19 tourism, the total number of lodging premises in the Caribbean country went down by 14.2 percent.

Origin and type of tourism in Cuba

The world saw a massive fall on international tourism amid the coronavirus (COVID-19) pandemic. For that reason, domestic tourism was still the main source of the tourism spending in the Caribbean nation in 2021, accounting for three quarters of it. In the same year, leisure was the main travel purpose in Cuba, representing 93 percent of total tourism spending.

International visitors in Cuba

In 2021, roughly 357 thousand international tourist arrivals were recorded in Cuba – the lowest figure in years. Pre-pandemic values went as high as 4.1 million in 2017 and had been growing since 2013, when 2.5 million foreign visitors came to the island. Russia was the leading country of origin for international tourism in 2021, followed by Canada and the Cuban diaspora.

China (X tons), Spain (X tons) and Peru (X tons) were the main suppliers of mobile phone imports to Cuba, with a combined 50% share of total imports. These countries were followed by Hong Kong SAR, Mexico and Austria, which together accounted for a further 50%. Moreover, mobile phone imports in China exceeded the figures recorded by the second-largest supplier, Spain, twofold.