External balance on goods and services in Cuba
Cuba: External balance on goods and services was 702.00 million current US$ in 2020. ◆ Volatile
External balance on goods and services in Cuba, 1970–2020
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for external balance on goods and services in Cuba is 702.00 million current US$, measured in 2020.
That represents a change of down 57.7% on the previous year and down 75.7% over ten years.
Over the whole period, external balance on goods and services in Cuba peaked at 3.95 billion current US$ in 2014 and was at its lowest, -3.68 billion current US$, in 1989.
That places Cuba 67th out of 192 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.39 billion current US$ | -2.27 billion current US$ | -657.87 million current US$ | 10 |
| 1980s | -2.74 billion current US$ | -3.68 billion current US$ | -2.30 billion current US$ | 10 |
| 1990s | -982.64 million current US$ | -3.05 billion current US$ | -289.40 million current US$ | 10 |
| 2000s | -55.67 million current US$ | -2.13 billion current US$ | 1.47 billion current US$ | 10 |
| 2010s | 2.70 billion current US$ | 1.66 billion current US$ | 3.95 billion current US$ | 10 |
| 2020s | 702.00 million current US$ | 702.00 million current US$ | 702.00 million current US$ | 1 |
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 external balance on goods and services in Cuba?
- External balance on goods and services in Cuba was 702.00 million current US$ in 2020, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Cuba?
- The highest recorded value was 3.95 billion current US$ in 2014.
- What is the lowest external balance on goods and services recorded in Cuba?
- The lowest recorded value was -3.68 billion current US$ in 1989.
- How does Cuba rank for external balance on goods and services?
- Cuba ranks 67th out of 192 countries with data for 2020.
- Is external balance on goods and services rising or falling in Cuba?
- Over the last ten years it is down 75.7%. The long-run trend across the full record is volatile.
- Where does this Cuba data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.