Binding coverage, primary products in Cuba
Cuba: Binding coverage, primary products was 58.4% in 2022. ▼ Falling
Binding coverage, primary products in Cuba, 1996–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2022, binding coverage, primary products in Cuba stood at 58.4%.
Compared with earlier readings it is up 0.1% on the previous year and down 1.8% over ten years.
Over the whole period, binding coverage, primary products in Cuba peaked at 61.8% in 1997 and was at its lowest, 57.8%, in 2015.
Cuba ranks 54th of 158 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Binding coverage, primary products in Cuba, year by year
| Year | % | Change |
|---|---|---|
| 1996 | 61.7% | — |
| 1997 | 61.8% | +0.1% |
| 1998 | 61.8% | +0.0% |
| 1999 | 61.8% | +0.0% |
| 2000 | 61.8% | +0.0% |
| 2001 | 61.8% | +0.0% |
| 2002 | 61.7% | -0.1% |
| 2003 | 60.8% | -1.6% |
| 2004 | 60.8% | +0.0% |
| 2005 | 60.8% | +0.0% |
| 2006 | 60.8% | +0.0% |
| 2007 | 60.8% | +0.0% |
| 2008 | 60.8% | +0.0% |
| 2009 | 59.5% | -2.2% |
| 2010 | 59.5% | +0.0% |
| 2011 | 59.5% | +0.0% |
| 2012 | 59.5% | +0.0% |
| 2013 | 59.5% | +0.0% |
| 2015 | 57.8% | -2.8% |
| 2016 | 57.8% | +0.0% |
| 2017 | 57.8% | +0.0% |
| 2019 | 58.3% | +0.9% |
| 2020 | 58.3% | +0.0% |
| 2021 | 58.3% | +0.0% |
| 2022 | 58.4% | +0.1% |
Cuba compared with similar countries
- Cuba's 58.4% is above the median for upper middle income countries, which is 58.4%, 1.0× the median. (45 countries reporting)
- Cuba's 58.4% is below the median for Latin America & Caribbean, which is 91.4%, 64% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 61.8% | 61.7% | 61.8% | 4 |
| 2000s | 60.9% | 59.5% | 61.8% | 10 |
| 2010s | 58.7% | 57.8% | 59.5% | 8 |
| 2020s | 58.4% | 58.3% | 58.4% | 3 |
Countries ranked near Cuba
More private sector data for Cuba
- Merchandise trade 8.3% (2020)
- Food imports 25.2% (2022)
- Manufactures imports 38.3% (2022)
- Merchandise imports 8.75 billion current US$ (2025)
- Food exports 30.7% (2022)
- Manufactures exports 7.8% (2022)
- Merchandise exports 1.62 billion current US$ (2025)
- Merchandise exports (current US$), per capita 148.12 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0159 current US$ per US$ of GDP (2020)
- Merchandise exports (current US$), annual growth rate 0.809 % change on previous year (2025)
Frequently asked questions
- What is binding coverage, primary products in Cuba?
- Binding coverage, primary products in Cuba was 58.4% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest binding coverage, primary products recorded in Cuba?
- The highest recorded value was 61.8% in 1997.
- What is the lowest binding coverage, primary products recorded in Cuba?
- The lowest recorded value was 57.8% in 2015.
- How does Cuba rank for binding coverage, primary products?
- Cuba ranks 54th out of 158 countries with data for 2022.
- Is binding coverage, primary products rising or falling in Cuba?
- Over the last ten years it is down 1.8%. The long-run trend across the full record is falling.
- Where does this Cuba data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Binding coverage, primary products (%). Statizoid updates them automatically from the source API.
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About this data
Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).