Annual GDP growth in Cuba
Cuba: Annual GDP growth was -1.1% in 2024. ◆ Volatile
Annual GDP growth in Cuba, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, annual gdp growth in Cuba stood at -1.1%.
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 12.1% in 2006 and was at its lowest, -10.9%, 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 | % | Change |
|---|---|---|
| 2000 | 5.9% | — |
| 2001 | 3.2% | -46.0% |
| 2002 | 1.4% | -55.5% |
| 2003 | 3.8% | +166.9% |
| 2004 | 5.8% | +52.2% |
| 2005 | 11.2% | +94.1% |
| 2006 | 12.1% | +7.8% |
| 2007 | 7.3% | -39.9% |
| 2008 | 4.1% | -43.3% |
| 2009 | 1.4% | -64.8% |
| 2010 | 2.4% | +64.8% |
| 2011 | 2.8% | +17.2% |
| 2012 | 3.0% | +7.5% |
| 2013 | 2.8% | -8.6% |
| 2014 | 1.1% | -61.8% |
| 2015 | 4.4% | +322.9% |
| 2016 | 0.5% | -88.5% |
| 2017 | 1.8% | +254.9% |
| 2018 | 2.2% | +24.3% |
| 2019 | -0.2% | -107.1% |
| 2020 | -10.9% | +6743.8% |
| 2021 | 1.2% | -111.4% |
| 2022 | 1.8% | +41.6% |
| 2023 | -1.9% | -209.0% |
| 2024 | -1.1% | -45.1% |
Cuba compared with similar countries
- Cuba's -1.1% is below the median for upper middle income countries, which is 3.5%. (58 countries reporting)
- Cuba's -1.1% 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% | -0.2% | -10.9% |
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
- General government final consumption expenditure (current US$) 25.1 % change on previous year (2020)
- General government final consumption expenditure (current US$), per 0.3885 current US$ per US$ of GDP (2020)
- General government final consumption expenditure (current US$), per 3,731 current US$ per person (2020)
- General government final consumption expenditure (current LCU) 21.52 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 0.3885 current LCU per US$ of GDP (2020)
- General government final consumption expenditure (current LCU), per 24,524 current LCU per person (2024)
- General government final consumption expenditure (constant 2015 US$) -7.43 % change on previous year (2024)
- General government final consumption expenditure (constant 2015 US$) 0.2523 constant 2015 US$ per US$ of GDP (2020)
- General government final consumption expenditure (constant 2015 US$) 2,335 constant 2015 US$ per person (2024)
- Households and NPISHs Final consumption expenditure (current US$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is annual gdp growth in Cuba?
- Annual gdp growth in Cuba was -1.1% in 2024, according to World Bank – processed by Our World in Data.
- 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 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 World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual GDP growth (%).