Annual GDP growth in Cuba
Cuba: Annual GDP growth was -1.9% in 2023. ◆ Volatile
Latest (2023)
-1.9%
Change on year
down 209.0%
World rank
198th
of 211 countries
All-time high
12.1%
in 2006
All-time low
-10.9%
in 2020
Years of data
24
2000–2023
Annual GDP growth in Cuba, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2023, annual gdp growth in Cuba stood at -1.9%.
Compared with earlier readings it is down 209.0% on the previous year and down 170.2% 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 198th of 211 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 | -2.5% | -10.9% | 1.8% | 4 |
Countries ranked near Cuba
More economy & growth data for Cuba
- External balance on goods and services as a percent of GDP -39.9% (2024)
- GDP per capita 7,381 constant 2015 US$ (2024)
- Share of manufacturing in gross domestic product (GDP) 10.7% (2024)
- Gross domestic product (GDP) 81.05 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 7,381 constant 2015 US$ (2024)
- DEC alternative conversion factor 1 LCU per US$ (2020)
- Net secondary income (Net current transfers from abroad) 1.89 billion current LCU (2019)
- Net secondary income (Net current transfers from abroad) 1.89 billion current US$ (2019)
- Taxes less subsidies on products 16.49 billion current LCU (2024)
- Taxes less subsidies on products 762.00 million current US$ (2020)
Frequently asked questions
- What is annual gdp growth in Cuba?
- Annual gdp growth in Cuba was -1.9% in 2023, 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 198th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Cuba?
- Over the last ten years it is down 170.2%. 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.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual GDP growth (%)