GDP in Cuba
Cuba: GDP was 50.69 billion constant LCU in 2024. ▲ Rising
Latest (2024)
50.69 billion constant LCU
Change on year
down 1.1%
World rank
150th
of 215 countries
All-time high
57.02 billion constant LCU
in 2018
All-time low
14.46 billion constant LCU
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 LCU.
Analysis
The most recent figure for gdp in Cuba is 50.69 billion constant LCU, measured 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 57.02 billion constant LCU in 2018 and was at its lowest, 14.46 billion constant LCU, in 1970.
Cuba ranks 150th of 215 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 LCU | Change |
|---|---|---|
| 1970 | 14.46 billion constant LCU | — |
| 1971 | 15.70 billion constant LCU | +8.6% |
| 1972 | 16.46 billion constant LCU | +4.8% |
| 1973 | 17.03 billion constant LCU | +3.4% |
| 1974 | 17.19 billion constant LCU | +1.0% |
| 1975 | 18.82 billion constant LCU | +9.5% |
| 1976 | 19.84 billion constant LCU | +5.4% |
| 1977 | 21.57 billion constant LCU | +8.7% |
| 1978 | 23.00 billion constant LCU | +6.6% |
| 1979 | 23.25 billion constant LCU | +1.1% |
| 1980 | 22.12 billion constant LCU | -4.8% |
| 1981 | 26.47 billion constant LCU | +19.7% |
| 1982 | 28.84 billion constant LCU | +8.9% |
| 1983 | 30.40 billion constant LCU | +5.4% |
| 1984 | 32.81 billion constant LCU | +7.9% |
| 1985 | 33.33 billion constant LCU | +1.6% |
| 1986 | 33.36 billion constant LCU | +0.1% |
| 1987 | 32.56 billion constant LCU | -2.4% |
| 1988 | 33.77 billion constant LCU | +3.7% |
| 1989 | 34.00 billion constant LCU | +0.7% |
| 1990 | 32.99 billion constant LCU | -2.9% |
| 1991 | 29.47 billion constant LCU | -10.7% |
| 1992 | 26.05 billion constant LCU | -11.6% |
| 1993 | 22.18 billion constant LCU | -14.9% |
| 1994 | 22.34 billion constant LCU | +0.7% |
| 1995 | 22.89 billion constant LCU | +2.5% |
| 1996 | 24.68 billion constant LCU | +7.8% |
| 1997 | 25.37 billion constant LCU | +2.8% |
| 1998 | 25.41 billion constant LCU | +0.2% |
| 1999 | 26.98 billion constant LCU | +6.2% |
| 2000 | 28.57 billion constant LCU | +5.9% |
| 2001 | 29.48 billion constant LCU | +3.2% |
| 2002 | 29.90 billion constant LCU | +1.4% |
| 2003 | 31.04 billion constant LCU | +3.8% |
| 2004 | 32.83 billion constant LCU | +5.8% |
| 2005 | 36.51 billion constant LCU | +11.2% |
| 2006 | 40.91 billion constant LCU | +12.1% |
| 2007 | 43.88 billion constant LCU | +7.3% |
| 2008 | 45.69 billion constant LCU | +4.1% |
| 2009 | 46.35 billion constant LCU | +1.5% |
| 2010 | 47.46 billion constant LCU | +2.4% |
| 2011 | 48.79 billion constant LCU | +2.8% |
| 2012 | 50.26 billion constant LCU | +3.0% |
| 2013 | 51.64 billion constant LCU | +2.7% |
| 2014 | 52.18 billion constant LCU | +1.0% |
| 2015 | 54.50 billion constant LCU | +4.4% |
| 2016 | 54.78 billion constant LCU | +0.5% |
| 2017 | 55.77 billion constant LCU | +1.8% |
| 2018 | 57.02 billion constant LCU | +2.2% |
| 2019 | 56.93 billion constant LCU | -0.2% |
| 2020 | 50.70 billion constant LCU | -10.9% |
| 2021 | 51.33 billion constant LCU | +1.3% |
| 2022 | 52.24 billion constant LCU | +1.8% |
| 2023 | 51.24 billion constant LCU | -1.9% |
| 2024 | 50.69 billion constant LCU | -1.1% |
Cuba compared with similar countries
- Cuba's 50.69 billion constant LCU is below the median for upper middle income countries, which is 568.48 billion constant LCU, 9% of the median. (59 countries reporting)
- Cuba's 50.69 billion constant LCU is below the median for Latin America & Caribbean, which is 84.75 billion constant LCU, 60% of the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 18.73 billion constant LCU | 14.46 billion constant LCU | 23.25 billion constant LCU | 10 |
| 1980s | 30.76 billion constant LCU | 22.12 billion constant LCU | 34.00 billion constant LCU | 10 |
| 1990s | 25.83 billion constant LCU | 22.18 billion constant LCU | 32.99 billion constant LCU | 10 |
| 2000s | 36.52 billion constant LCU | 28.57 billion constant LCU | 46.35 billion constant LCU | 10 |
| 2010s | 52.93 billion constant LCU | 47.46 billion constant LCU | 57.02 billion constant LCU | 10 |
| 2020s | 51.24 billion constant LCU | 50.69 billion constant LCU | 52.24 billion constant LCU | 5 |
Countries ranked near Cuba
- 147 Sierra Leone 67.92 billion constant LCU compare
- 148 Lithuania 58.54 billion constant LCU compare
- 149 Slovenia 54.76 billion constant LCU compare
- 151 Bosnia and Herzegovina 43.87 billion constant LCU compare
- 152 Jordan 42.02 billion constant LCU compare
- 153 Kuwait 41.91 billion constant LCU 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 50.69 billion constant LCU 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 57.02 billion constant LCU in 2018.
- What is the lowest gdp recorded in Cuba?
- The lowest recorded value was 14.46 billion constant LCU in 1970.
- How does Cuba rank for gdp?
- Cuba ranks 150th out of 215 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 LCU). 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 varies by country. This series is expressed in local currency units.