Annual GDP growth in Cuba
Cuba: Annual GDP growth was -1.1% in 2024. β Volatile
Latest (2024)
-1.1%
Change on year
up 45.0%
World rank
185th
of 197 countries
All-time high
12.1%
in 2006
All-time low
-10.9%
in 2020
Years of data
25
2000β2024
Annual GDP growth in Cuba, 2000β2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual gdp growth in Cuba stood at -1.1%.
The figure is up 45.0% on the previous year and down 201.4% over ten years.
Over the whole period, annual gdp growth in Cuba peaked at 12.1% in 2006 and was at its lowest, -10.9%, in 2020.
Cuba ranks 185th of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.6% | 1.4% | 12.1% | 10 |
| 2010s | 2.1% | -0.2% | 4.4% | 10 |
| 2020s | -2.2% | -10.9% | 1.8% | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Taxes less subsidies on products (current LCU), annual growth rate 122.26 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0071 current LCU per US$ of GDP (2020)
- Taxes less subsidies on products (current LCU), per capita 1,502 current LCU per person (2024)
- Special drawing rights per domestic currency (End-of-period (EoP)) 1 (1974)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 0.9978 (1974)
- Domestic currency per US dollar (End-of-period (EoP)) 0.815 (1974)
- US dollar per domestic currency (End-of-period (EoP)) 1.23 (1974)
- Gdp worldbank constant usd, annual growth rate -1.06 % change on previous year (2024)
- Gdp worldbank constant usd, per unit of GDP 0.755 units per US$ of GDP (2020)
- Gdp worldbank constant usd, per capita 7,381 units per person (2024)
Frequently asked questions
- What is annual gdp growth in Cuba?
- Annual gdp growth in Cuba was -1.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Cuba?
- The highest recorded value was 12.1% in 2006.
- What is the lowest annual gdp growth recorded in Cuba?
- The lowest recorded value was -10.9% in 2020.
- How does Cuba rank for annual gdp growth?
- Cuba ranks 185th out of 197 countries with data for 2024.
- Is annual gdp growth rising or falling in Cuba?
- Over the last ten years it is down 201.4%. The long-run trend across the full record is volatile.
- Where does this Cuba data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).