Cuba CU: GDP: USD: Gross Capital Formation

Cuba CU: GDP: USD: Gross Capital Formation data was reported at 10.601 USD bn in 2020. This records a decrease from the previous number of 11.889 USD bn for 2019. Cuba CU: GDP: USD: Gross Capital Formation data is updated yearly, averaging 5.231 USD bn from Dec 1970 (Median) to 2020, with 51 observations. The data reached an all-time high of 12.040 USD bn in 2018 and a record low of 1.430 USD bn in 1993. Cuba CU: GDP: USD: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cuba – Table CU.World Bank.WDI: Gross Domestic Product: Nominal. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;

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What was Cuba's Cuba CU: GDP: USD: Gross Capital Formation in 2020?

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