GDP (constant LCU), annual growth rate in Cuba
Cuba: GDP (constant LCU), 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
201st
of 213 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 LCU), annual growth rate in Cuba, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp (constant lcu), annual growth rate in Cuba stood at -1.06 % change on previous year.
That represents a change of up 45.0% on the previous year and down 201.4% over ten years.
Over the whole period, gdp (constant lcu), 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.
That places Cuba 201st out of 213 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (constant LCU), 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 | 0.9844 % change on previous year | -71.3% |
| 1975 | 9.48 % change on previous year | +862.7% |
| 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 | -545.7% |
| 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 | 0.0954 % change on previous year | -94.0% |
| 1987 | -2.4 % change on previous year | -2617.7% |
| 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 | 0.717 % change on previous year | -104.8% |
| 1995 | 2.46 % change on previous year | +242.8% |
| 1996 | 7.84 % change on previous year | +219.0% |
| 1997 | 2.78 % change on previous year | -64.5% |
| 1998 | 0.1593 % change on previous year | -94.3% |
| 1999 | 6.19 % change on previous year | +3785.6% |
| 2000 | 5.91 % change on previous year | -4.4% |
| 2001 | 3.19 % 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 | 0.5128 % 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 | -0.1631 % change on previous year | -107.3% |
| 2020 | -10.95 % change on previous year | +6613.8% |
| 2021 | 1.25 % change on previous year | -111.5% |
| 2022 | 1.77 % change on previous year | +41.5% |
| 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 | 0.9844 % 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 | -0.1631 % 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
- 198 Saint Lucia -0.5741 % change on previous year compare
- 199 Botswana -0.7339 % change on previous year compare
- 200 Trinidad and Tobago -0.7882 % change on previous year compare
- 202 Liechtenstein -1.16 % change on previous year compare
- 203 United States Virgin Islands -1.31 % change on previous year compare
- 204 Bolivia, Plurinational State of -1.58 % change on previous year compare
More economy & growth data for Cuba
- GDP (constant 2015 US$), annual growth rate -1.06 % change on previous year (2024)
- GDP (constant 2015 US$), 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), 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 lcu), annual growth rate in Cuba?
- Gdp (constant lcu), annual growth rate in Cuba was -1.06 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (constant lcu), 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 lcu), 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 lcu), annual growth rate?
- Cuba ranks 201st out of 213 countries with data for 2024.
- Is gdp (constant lcu), 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 LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (constant LCU). 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 LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.