Cuba: Mineral rents (% of GDP)
In , Cuba's Mineral rents (% of GDP) was 0.24.
That's down 6.4% from 2019, the highest value since .
The global average for this indicator in 2020 was 1.76 .
Source: World Bank Open Data (NY.GDP.MINR.RT.ZS) • Data as of 2020
Trend (2002–2020)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
Highlights
- Peak
- 4.97
- Trough
- 0.02
- 1-year change
- -6.4%
- 5-year change
- +123.7%
- +17.5% / yr
- 10-year change
- -79.1%
- -14.5% / yr
Historical Data — Last 10 Years
| Year | Mineral rents (% of GDP) |
|---|---|
| 0.2443 | |
| 0.2610 | |
| 0.2435 | |
| 0.0906 | |
| 0.0239 | |
| 0.1092 | |
| 0.1959 | |
| 0.0536 | |
| 0.3263 | |
| 0.8841 |
About Mineral rents (% of GDP)
Mineral rents are the difference between the value of production for a stock of minerals at world prices and their total costs of production. Minerals included in the calculation are tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate.
Indicator code: NY.GDP.MINR.RT.ZS • Category: Economy
Frequently asked questions
- What was Cuba's Mineral rents (% of GDP) in 2020?
- In 2020, Cuba's Mineral rents (% of GDP) was 0.24, according to World Bank Open Data.
- Is Cuba's Mineral rents (% of GDP) rising or falling?
- Cuba's Mineral rents (% of GDP) fell 6.4% from 2019 to 2020.
- How does Cuba's Mineral rents (% of GDP) compare to the world average?
- The global average for Mineral rents (% of GDP) in 2020 was 1.76, so Cuba is below the world average.
- What is Mineral rents (% of GDP) and how is it measured?
- Mineral rents are the difference between the value of production for a stock of minerals at world prices and their total costs of production. Minerals included in the calculation are tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate.
Source: World Bank Open Data (NY.GDP.MINR.RT.ZS), CC BY 4.0.