GDP in Cuba
Cuba: GDP 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 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 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
- 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 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.