Annual gdp growth in Cuba
Cuba: Annual gdp growth was -1.06 in 2024. ◆ Volatile
Annual gdp growth in Cuba, 2000–2024
Source: Our World in Data.
Analysis
In 2024, annual gdp growth in Cuba stood at -1.06.
Compared with earlier readings it is up 45.1% on the previous year and down 201.0% over ten years.
Over the whole period, annual gdp growth in Cuba peaked at 12.07 in 2006 and was at its lowest, -10.95, in 2020.
Cuba ranks 197th of 212 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual gdp growth in Cuba, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 5.91 | — |
| 2001 | 3.19 | -46.0% |
| 2002 | 1.42 | -55.5% |
| 2003 | 3.79 | +166.9% |
| 2004 | 5.77 | +52.2% |
| 2005 | 11.2 | +94.1% |
| 2006 | 12.07 | +7.8% |
| 2007 | 7.26 | -39.9% |
| 2008 | 4.12 | -43.3% |
| 2009 | 1.45 | -64.8% |
| 2010 | 2.39 | +64.8% |
| 2011 | 2.8 | +17.2% |
| 2012 | 3.01 | +7.5% |
| 2013 | 2.75 | -8.6% |
| 2014 | 1.05 | -61.8% |
| 2015 | 4.44 | +322.9% |
| 2016 | 0.51 | -88.5% |
| 2017 | 1.81 | +254.9% |
| 2018 | 2.25 | +24.3% |
| 2019 | -0.16 | -107.1% |
| 2020 | -10.95 | +6743.8% |
| 2021 | 1.25 | -111.4% |
| 2022 | 1.77 | +41.6% |
| 2023 | -1.93 | -209.0% |
| 2024 | -1.06 | -45.1% |
Cuba compared with similar countries
- Cuba's -1.06 is below the median for upper middle income countries, which is 3.5. (58 countries reporting)
- Cuba's -1.06 is below the median for Latin America & Caribbean, which is 3.3. (41 countries reporting)
Biggest year-on-year movements
Years where Annual gdp growth in Cuba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -6743.8% | -0.16 | -10.95 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.62 | 1.42 | 12.07 | 10 |
| 2010s | 2.08 | -0.16 | 4.44 | 10 |
| 2020s | -2.18 | -10.95 | 1.77 | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, US dollar, per capita 0 units per person (2016)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, SDR, per capita 0 units per person (2016)
- IMF holdings of currency, US dollar, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, US dollar, per capita 0 units per person (2016)
- IMF holdings of currency, SDR, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, SDR, per capita 0 units per person (2016)
Frequently asked questions
- What is annual gdp growth in Cuba?
- Annual gdp growth in Cuba was -1.06 in 2024, according to Our World in Data.
- What is the highest annual gdp growth recorded in Cuba?
- The highest recorded value was 12.07 in 2006.
- What is the lowest annual gdp growth recorded in Cuba?
- The lowest recorded value was -10.95 in 2020.
- How does Cuba rank for annual gdp growth?
- Cuba ranks 197th out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Cuba?
- Over the last ten years it is down 201.0%. The long-run trend across the full record is volatile.
- Where does this Cuba data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).