GDP in Cuba
Cuba: GDP was 81.05 billion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
81.05 billion constant 2015 US$
Change on year
down 1.1%
World rank
71st
of 212 countries
All-time high
91.17 billion constant 2015 US$
in 2018
All-time low
23.12 billion constant 2015 US$
in 1970
Years of data
55
1970–2024
GDP in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Cuba recorded 81.05 billion constant 2015 US$ for gdp in 2024.
The figure is down 1.1% on the previous year and down 2.9% over ten years.
Over the whole period, gdp in Cuba peaked at 91.17 billion constant 2015 US$ in 2018 and was at its lowest, 23.12 billion constant 2015 US$, in 1970.
Cuba ranks 71st of 212 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
GDP in Cuba, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 23.12 billion constant 2015 US$ | — |
| 1971 | 25.11 billion constant 2015 US$ | +8.6% |
| 1972 | 26.32 billion constant 2015 US$ | +4.8% |
| 1973 | 27.22 billion constant 2015 US$ | +3.4% |
| 1974 | 27.49 billion constant 2015 US$ | +1.0% |
| 1975 | 30.09 billion constant 2015 US$ | +9.5% |
| 1976 | 31.73 billion constant 2015 US$ | +5.4% |
| 1977 | 34.49 billion constant 2015 US$ | +8.7% |
| 1978 | 36.77 billion constant 2015 US$ | +6.6% |
| 1979 | 37.17 billion constant 2015 US$ | +1.1% |
| 1980 | 35.36 billion constant 2015 US$ | -4.8% |
| 1981 | 42.33 billion constant 2015 US$ | +19.7% |
| 1982 | 46.10 billion constant 2015 US$ | +8.9% |
| 1983 | 48.60 billion constant 2015 US$ | +5.4% |
| 1984 | 52.45 billion constant 2015 US$ | +7.9% |
| 1985 | 53.29 billion constant 2015 US$ | +1.6% |
| 1986 | 53.34 billion constant 2015 US$ | +0.1% |
| 1987 | 52.06 billion constant 2015 US$ | -2.4% |
| 1988 | 53.98 billion constant 2015 US$ | +3.7% |
| 1989 | 54.35 billion constant 2015 US$ | +0.7% |
| 1990 | 52.75 billion constant 2015 US$ | -2.9% |
| 1991 | 47.11 billion constant 2015 US$ | -10.7% |
| 1992 | 41.65 billion constant 2015 US$ | -11.6% |
| 1993 | 35.46 billion constant 2015 US$ | -14.9% |
| 1994 | 35.71 billion constant 2015 US$ | +0.7% |
| 1995 | 36.59 billion constant 2015 US$ | +2.5% |
| 1996 | 39.46 billion constant 2015 US$ | +7.8% |
| 1997 | 40.55 billion constant 2015 US$ | +2.8% |
| 1998 | 40.62 billion constant 2015 US$ | +0.2% |
| 1999 | 43.13 billion constant 2015 US$ | +6.2% |
| 2000 | 45.68 billion constant 2015 US$ | +5.9% |
| 2001 | 47.14 billion constant 2015 US$ | +3.2% |
| 2002 | 47.81 billion constant 2015 US$ | +1.4% |
| 2003 | 49.62 billion constant 2015 US$ | +3.8% |
| 2004 | 52.49 billion constant 2015 US$ | +5.8% |
| 2005 | 58.37 billion constant 2015 US$ | +11.2% |
| 2006 | 65.41 billion constant 2015 US$ | +12.1% |
| 2007 | 70.16 billion constant 2015 US$ | +7.3% |
| 2008 | 73.05 billion constant 2015 US$ | +4.1% |
| 2009 | 74.11 billion constant 2015 US$ | +1.5% |
| 2010 | 75.88 billion constant 2015 US$ | +2.4% |
| 2011 | 78.01 billion constant 2015 US$ | +2.8% |
| 2012 | 80.36 billion constant 2015 US$ | +3.0% |
| 2013 | 82.56 billion constant 2015 US$ | +2.7% |
| 2014 | 83.43 billion constant 2015 US$ | +1.0% |
| 2015 | 87.13 billion constant 2015 US$ | +4.4% |
| 2016 | 87.58 billion constant 2015 US$ | +0.5% |
| 2017 | 89.16 billion constant 2015 US$ | +1.8% |
| 2018 | 91.17 billion constant 2015 US$ | +2.2% |
| 2019 | 91.02 billion constant 2015 US$ | -0.2% |
| 2020 | 81.05 billion constant 2015 US$ | -10.9% |
| 2021 | 82.07 billion constant 2015 US$ | +1.3% |
| 2022 | 83.53 billion constant 2015 US$ | +1.8% |
| 2023 | 81.92 billion constant 2015 US$ | -1.9% |
| 2024 | 81.05 billion constant 2015 US$ | -1.1% |
Cuba compared with similar countries
- Cuba's 81.05 billion constant 2015 US$ is above the median for upper middle income countries, which is 49.29 billion constant 2015 US$, 1.6× the median. (59 countries reporting)
- Cuba's 81.05 billion constant 2015 US$ is above the median for Latin America & Caribbean, which is 25.54 billion constant 2015 US$, 3.2× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29.95 billion constant 2015 US$ | 23.12 billion constant 2015 US$ | 37.17 billion constant 2015 US$ | 10 |
| 1980s | 49.18 billion constant 2015 US$ | 35.36 billion constant 2015 US$ | 54.35 billion constant 2015 US$ | 10 |
| 1990s | 41.30 billion constant 2015 US$ | 35.46 billion constant 2015 US$ | 52.75 billion constant 2015 US$ | 10 |
| 2000s | 58.38 billion constant 2015 US$ | 45.68 billion constant 2015 US$ | 74.11 billion constant 2015 US$ | 10 |
| 2010s | 84.63 billion constant 2015 US$ | 75.88 billion constant 2015 US$ | 91.17 billion constant 2015 US$ | 10 |
| 2020s | 81.92 billion constant 2015 US$ | 81.05 billion constant 2015 US$ | 83.53 billion constant 2015 US$ | 5 |
Countries ranked near Cuba
- 68 Oman 93.82 billion constant 2015 US$ compare
- 69 Guatemala 87.61 billion constant 2015 US$ compare
- 70 Cote d'Ivoire 81.48 billion constant 2015 US$ compare
- 72 Costa Rica 80.74 billion constant 2015 US$ compare
- 73 Panama 80.68 billion constant 2015 US$ compare
- 74 Ukraine 80.23 billion constant 2015 US$ compare
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$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is gdp in Cuba?
- Gdp in Cuba was 81.05 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Cuba?
- The highest recorded value was 91.17 billion constant 2015 US$ in 2018.
- What is the lowest gdp recorded in Cuba?
- The lowest recorded value was 23.12 billion constant 2015 US$ in 1970.
- How does Cuba rank for gdp?
- Cuba ranks 71st out of 212 countries with data for 2024.
- Is gdp rising or falling in Cuba?
- Over the last ten years it is down 2.9%. The long-run trend across the full record is rising.
- 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 GDP (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.