GDP (constant LCU), annual growth rate (GDP Country official) in Cuba
Cuba: GDP (constant LCU), annual growth rate (GDP Country official) was -1.06 % change on previous year in 2024. ◆ Volatile
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 (GDP Country official) 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% |
Cuba compared with similar countries
- Cuba's -1.06 % change on previous year is below the median for upper middle income countries, which is 3.15 % change on previous year. (59 countries reporting)
- Cuba's -1.06 % change on previous year is below the median for Latin America & Caribbean, which is 3.38 % change on previous year. (41 countries reporting)
Biggest year-on-year movements
Years where GDP (constant LCU), annual growth rate (GDP Country official) in Cuba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -6613.8% | -0.1631 % change on previous year | -10.95 % change on previous year |
| 1999 | +3785.6% | 0.1593 % change on previous year | 6.19 % change on previous year |
| 1987 | -2617.7% | 0.0954 % change on previous year | -2.4 % change on previous year |
| 1975 | +862.7% | 0.9844 % change on previous year | 9.48 % change on previous year |
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 -1.58 % change on previous year compare
More economy & growth data for Cuba
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, US dollar, per capita 0 units per person (2016)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, SDR, per capita 0 units per person (2016)
- IMF holdings of currency, US dollar, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, US dollar, per capita 0 units per person (2016)
- IMF holdings of currency, SDR, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, SDR, per capita 0 units per person (2016)
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.