GDP (current LCU) (Country official) in Cuba
Cuba: GDP (current LCU) (Country official) was 1.08 trillion current LCU in 2024. ◆ Volatile
GDP in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gdp in Cuba is 1.08 trillion current LCU, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 30.8% on the previous year and up 1,244.9% over ten years.
Over the whole period, gdp in Cuba peaked at 1.08 trillion current LCU in 2024 and was at its lowest, 5.69 billion current LCU, in 1970.
Cuba ranks 103rd of 214 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU) (Country official) in Cuba, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 5.69 billion current LCU | — |
| 1971 | 6.91 billion current LCU | +21.5% |
| 1972 | 7.75 billion current LCU | +12.1% |
| 1973 | 8.28 billion current LCU | +6.8% |
| 1974 | 9.35 billion current LCU | +13.0% |
| 1975 | 10.68 billion current LCU | +14.2% |
| 1976 | 11.32 billion current LCU | +6.0% |
| 1977 | 11.79 billion current LCU | +4.2% |
| 1978 | 13.74 billion current LCU | +16.5% |
| 1979 | 14.30 billion current LCU | +4.0% |
| 1980 | 14.34 billion current LCU | +0.3% |
| 1981 | 16.72 billion current LCU | +16.7% |
| 1982 | 17.81 billion current LCU | +6.5% |
| 1983 | 19.07 billion current LCU | +7.1% |
| 1984 | 21.12 billion current LCU | +10.7% |
| 1985 | 20.99 billion current LCU | -0.6% |
| 1986 | 20.19 billion current LCU | -3.8% |
| 1987 | 19.83 billion current LCU | -1.8% |
| 1988 | 20.81 billion current LCU | +5.0% |
| 1989 | 21.09 billion current LCU | +1.3% |
| 1990 | 21.54 billion current LCU | +2.2% |
| 1991 | 17.82 billion current LCU | -17.3% |
| 1992 | 16.34 billion current LCU | -8.3% |
| 1993 | 16.55 billion current LCU | +1.3% |
| 1994 | 21.05 billion current LCU | +27.2% |
| 1995 | 23.84 billion current LCU | +13.2% |
| 1996 | 25.02 billion current LCU | +5.0% |
| 1997 | 25.37 billion current LCU | +1.4% |
| 1998 | 25.74 billion current LCU | +1.5% |
| 1999 | 28.36 billion current LCU | +10.2% |
| 2000 | 30.57 billion current LCU | +7.8% |
| 2001 | 31.68 billion current LCU | +3.7% |
| 2002 | 33.59 billion current LCU | +6.0% |
| 2003 | 35.90 billion current LCU | +6.9% |
| 2004 | 38.20 billion current LCU | +6.4% |
| 2005 | 42.64 billion current LCU | +11.6% |
| 2006 | 52.74 billion current LCU | +23.7% |
| 2007 | 58.60 billion current LCU | +11.1% |
| 2008 | 60.81 billion current LCU | +3.8% |
| 2009 | 62.08 billion current LCU | +2.1% |
| 2010 | 64.33 billion current LCU | +3.6% |
| 2011 | 68.99 billion current LCU | +7.2% |
| 2012 | 73.14 billion current LCU | +6.0% |
| 2013 | 77.15 billion current LCU | +5.5% |
| 2014 | 80.66 billion current LCU | +4.5% |
| 2015 | 87.13 billion current LCU | +8.0% |
| 2016 | 91.37 billion current LCU | +4.9% |
| 2017 | 96.85 billion current LCU | +6.0% |
| 2018 | 100.05 billion current LCU | +3.3% |
| 2019 | 103.43 billion current LCU | +3.4% |
| 2020 | 107.35 billion current LCU | +3.8% |
| 2021 | 545.22 billion current LCU | +407.9% |
| 2022 | 633.09 billion current LCU | +16.1% |
| 2023 | 829.22 billion current LCU | +31.0% |
| 2024 | 1.08 trillion current LCU | +30.8% |
Cuba compared with similar countries
- Cuba's 1.08 trillion current LCU is above the median for upper middle income countries, which is 1.04 trillion current LCU, 1.0× the median. (59 countries reporting)
- Cuba's 1.08 trillion current LCU is above the median for Latin America & Caribbean, which is 171.82 billion current LCU, 6.3× the median. (40 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU) (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 |
|---|---|---|---|
| 2021 | +407.9% | 107.35 billion current LCU | 545.22 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.98 billion current LCU | 5.69 billion current LCU | 14.30 billion current LCU | 10 |
| 1980s | 19.20 billion current LCU | 14.34 billion current LCU | 21.12 billion current LCU | 10 |
| 1990s | 22.16 billion current LCU | 16.34 billion current LCU | 28.36 billion current LCU | 10 |
| 2000s | 44.68 billion current LCU | 30.57 billion current LCU | 62.08 billion current LCU | 10 |
| 2010s | 84.31 billion current LCU | 64.33 billion current LCU | 103.43 billion current LCU | 10 |
| 2020s | 639.92 billion current LCU | 107.35 billion current LCU | 1.08 trillion current LCU | 5 |
Countries ranked near Cuba
- 100 Afghanistan 1.26 trillion current LCU compare
- 101 Peru 1.19 trillion current LCU compare
- 102 Netherlands 1.18 trillion current LCU compare
- 104 North Macedonia 1.04 trillion current LCU compare
- 105 Honduras 1.03 trillion current LCU compare
- 106 Guatemala 947.01 billion current LCU 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 in Cuba?
- Gdp in Cuba was 1.08 trillion current 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 1.08 trillion current LCU in 2024.
- What is the lowest gdp recorded in Cuba?
- The lowest recorded value was 5.69 billion current LCU in 1970.
- How does Cuba rank for gdp?
- Cuba ranks 103rd out of 214 countries with data for 2024.
- Is gdp rising or falling in Cuba?
- Over the last ten years it is up 1,244.9%. The long-run trend across the full record is volatile.
- 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.