GDP (constant 2015 US$), annual growth rate in Cuba
Cuba: GDP (constant 2015 US$), annual growth rate was -1.06 % change on previous year in 2024. ◆ Volatile
Latest (2024)
-1.06 % change on previous year
Change on year
up 45.0%
World rank
200th
of 210 countries
All-time high
19.69 % change on previous year
in 1981
All-time low
-14.88 % change on previous year
in 1993
Years of data
54
1971–2024
GDP (constant 2015 US$), annual growth rate in Cuba, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp (constant 2015 us$), annual growth rate in Cuba is -1.06 % change on previous year, measured in 2024.
The figure is up 45.0% on the previous year and down 201.4% over ten years.
Over the whole period, gdp (constant 2015 us$), annual growth rate in Cuba peaked at 19.69 % change on previous year in 1981 and was at its lowest, -14.88 % change on previous year, in 1993.
Cuba ranks 200th of 210 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (constant 2015 US$), annual growth rate in Cuba, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 8.58 % change on previous year | — |
| 1972 | 4.83 % change on previous year | -43.8% |
| 1973 | 3.43 % change on previous year | -28.9% |
| 1974 | 0.9845 % change on previous year | -71.3% |
| 1975 | 9.48 % change on previous year | +862.5% |
| 1976 | 5.43 % change on previous year | -42.7% |
| 1977 | 8.71 % change on previous year | +60.5% |
| 1978 | 6.6 % change on previous year | -24.3% |
| 1979 | 1.09 % change on previous year | -83.5% |
| 1980 | -4.85 % change on previous year | -545.6% |
| 1981 | 19.69 % change on previous year | -506.0% |
| 1982 | 8.92 % change on previous year | -54.7% |
| 1983 | 5.41 % change on previous year | -39.3% |
| 1984 | 7.93 % change on previous year | +46.5% |
| 1985 | 1.6 % change on previous year | -79.9% |
| 1986 | 0.0953 % change on previous year | -94.0% |
| 1987 | -2.4 % change on previous year | -2619.8% |
| 1988 | 3.71 % change on previous year | -254.3% |
| 1989 | 0.68 % change on previous year | -81.6% |
| 1990 | -2.95 % change on previous year | -533.6% |
| 1991 | -10.69 % change on previous year | +262.6% |
| 1992 | -11.58 % change on previous year | +8.3% |
| 1993 | -14.88 % change on previous year | +28.5% |
| 1994 | 0.7169 % change on previous year | -104.8% |
| 1995 | 2.46 % change on previous year | +242.7% |
| 1996 | 7.84 % change on previous year | +219.0% |
| 1997 | 2.78 % change on previous year | -64.5% |
| 1998 | 0.159 % change on previous year | -94.3% |
| 1999 | 6.19 % change on previous year | +3791.2% |
| 2000 | 5.91 % change on previous year | -4.4% |
| 2001 | 3.18 % change on previous year | -46.2% |
| 2002 | 1.42 % change on previous year | -55.3% |
| 2003 | 3.79 % change on previous year | +166.2% |
| 2004 | 5.77 % change on previous year | +52.1% |
| 2005 | 11.2 % change on previous year | +94.1% |
| 2006 | 12.07 % change on previous year | +7.7% |
| 2007 | 7.26 % change on previous year | -39.8% |
| 2008 | 4.12 % change on previous year | -43.3% |
| 2009 | 1.45 % change on previous year | -64.7% |
| 2010 | 2.39 % change on previous year | +64.7% |
| 2011 | 2.8 % change on previous year | +17.2% |
| 2012 | 3.01 % change on previous year | +7.6% |
| 2013 | 2.75 % change on previous year | -8.9% |
| 2014 | 1.05 % change on previous year | -61.9% |
| 2015 | 4.44 % change on previous year | +323.7% |
| 2016 | 0.5129 % change on previous year | -88.4% |
| 2017 | 1.81 % change on previous year | +252.9% |
| 2018 | 2.25 % change on previous year | +24.2% |
| 2019 | -0.163 % change on previous year | -107.3% |
| 2020 | -10.95 % change on previous year | +6617.7% |
| 2021 | 1.25 % change on previous year | -111.5% |
| 2022 | 1.77 % change on previous year | +41.4% |
| 2023 | -1.93 % change on previous year | -208.7% |
| 2024 | -1.06 % change on previous year | -45.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.46 % change on previous year | 0.9845 % change on previous year | 9.48 % change on previous year | 9 |
| 1980s | 4.08 % change on previous year | -4.85 % change on previous year | 19.69 % change on previous year | 10 |
| 1990s | -2 % change on previous year | -14.88 % change on previous year | 7.84 % change on previous year | 10 |
| 2000s | 5.62 % change on previous year | 1.42 % change on previous year | 12.07 % change on previous year | 10 |
| 2010s | 2.08 % change on previous year | -0.163 % change on previous year | 4.44 % change on previous year | 10 |
| 2020s | -2.18 % change on previous year | -10.95 % change on previous year | 1.77 % change on previous year | 5 |
Countries ranked near Cuba
- 197 Saint Lucia -0.5741 % change on previous year compare
- 198 Botswana -0.7337 % change on previous year compare
- 199 Trinidad and Tobago -0.7876 % change on previous year compare
- 201 United States Virgin Islands -1.31 % change on previous year compare
- 202 Bolivia, Plurinational State of -1.58 % change on previous year compare
- 203 Myanmar -2.01 % change on previous year compare
More economy & growth data for Cuba
- GDP (constant 2015 US$), per unit of GDP 0.755 constant 2015 US$ per US$ of GDP (2020)
- GDP (constant 2015 US$), per capita 7,381 constant 2015 US$ per person (2024)
- GDP (constant LCU), annual growth rate -1.06 % change on previous year (2024)
- GDP (constant LCU), per unit of GDP 0.4723 constant LCU per US$ of GDP (2020)
- GDP (constant LCU), per capita 4,617 constant LCU per person (2024)
- Gross domestic savings (current US$), annual growth rate -16.59 % change on previous year (2020)
- Gross domestic savings (current US$), per unit of GDP 0.1053 current US$ per US$ of GDP (2020)
- Gross domestic savings (current US$), per capita 1,011 current US$ per person (2020)
- Gross domestic savings (current LCU), annual growth rate -161.38 % change on previous year (2024)
- Gross domestic savings (current LCU), per unit of GDP 0.1053 current LCU per US$ of GDP (2020)
Frequently asked questions
- What is gdp (constant 2015 us$), annual growth rate in Cuba?
- Gdp (constant 2015 us$), annual growth rate in Cuba was -1.06 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (constant 2015 us$), annual growth rate recorded in Cuba?
- The highest recorded value was 19.69 % change on previous year in 1981.
- What is the lowest gdp (constant 2015 us$), annual growth rate recorded in Cuba?
- The lowest recorded value was -14.88 % change on previous year in 1993.
- How does Cuba rank for gdp (constant 2015 us$), annual growth rate?
- Cuba ranks 200th out of 210 countries with data for 2024.
- Is gdp (constant 2015 us$), annual growth rate 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 Statizoid (derived), published as part of GDP (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in GDP (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.