GDP in Cuba
Cuba: GDP was 107.35 billion current US$ in 2020. ◆ Volatile
Latest (2020)
107.35 billion current US$
Change on year
up 3.8%
World rank
73rd
of 214 countries
All-time high
107.35 billion current US$
in 2020
All-time low
5.69 billion current US$
in 1970
Years of data
51
1970–2020
GDP in Cuba, 1970–2020
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Cuba recorded 107.35 billion current US$ for gdp in 2020. That is the highest value across all 51 years on record.
That represents a change of up 3.8% on the previous year and up 80.2% over ten years.
Over the whole period, gdp in Cuba peaked at 107.35 billion current US$ in 2020 and was at its lowest, 5.69 billion current US$, in 1970.
Cuba ranks 73rd of 214 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP in Cuba, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 5.69 billion current US$ | — |
| 1971 | 6.91 billion current US$ | +21.5% |
| 1972 | 8.14 billion current US$ | +17.7% |
| 1973 | 9.99 billion current US$ | +22.8% |
| 1974 | 11.41 billion current US$ | +14.2% |
| 1975 | 13.03 billion current US$ | +14.2% |
| 1976 | 13.79 billion current US$ | +5.9% |
| 1977 | 14.21 billion current US$ | +3.0% |
| 1978 | 17.84 billion current US$ | +25.6% |
| 1979 | 19.58 billion current US$ | +9.7% |
| 1980 | 19.91 billion current US$ | +1.7% |
| 1981 | 20.15 billion current US$ | +1.2% |
| 1982 | 20.95 billion current US$ | +4.0% |
| 1983 | 22.20 billion current US$ | +6.0% |
| 1984 | 24.04 billion current US$ | +8.3% |
| 1985 | 22.92 billion current US$ | -4.7% |
| 1986 | 24.23 billion current US$ | +5.7% |
| 1987 | 25.21 billion current US$ | +4.1% |
| 1988 | 27.46 billion current US$ | +8.9% |
| 1989 | 27.02 billion current US$ | -1.6% |
| 1990 | 28.65 billion current US$ | +6.0% |
| 1991 | 24.32 billion current US$ | -15.1% |
| 1992 | 22.09 billion current US$ | -9.2% |
| 1993 | 22.37 billion current US$ | +1.3% |
| 1994 | 28.45 billion current US$ | +27.2% |
| 1995 | 30.43 billion current US$ | +7.0% |
| 1996 | 25.02 billion current US$ | -17.8% |
| 1997 | 25.37 billion current US$ | +1.4% |
| 1998 | 25.74 billion current US$ | +1.5% |
| 1999 | 28.36 billion current US$ | +10.2% |
| 2000 | 30.57 billion current US$ | +7.8% |
| 2001 | 31.68 billion current US$ | +3.7% |
| 2002 | 33.59 billion current US$ | +6.0% |
| 2003 | 35.90 billion current US$ | +6.9% |
| 2004 | 38.20 billion current US$ | +6.4% |
| 2005 | 42.64 billion current US$ | +11.6% |
| 2006 | 48.84 billion current US$ | +14.5% |
| 2007 | 54.26 billion current US$ | +11.1% |
| 2008 | 56.30 billion current US$ | +3.8% |
| 2009 | 57.48 billion current US$ | +2.1% |
| 2010 | 59.56 billion current US$ | +3.6% |
| 2011 | 68.99 billion current US$ | +15.8% |
| 2012 | 73.14 billion current US$ | +6.0% |
| 2013 | 77.15 billion current US$ | +5.5% |
| 2014 | 80.66 billion current US$ | +4.5% |
| 2015 | 87.13 billion current US$ | +8.0% |
| 2016 | 91.37 billion current US$ | +4.9% |
| 2017 | 96.85 billion current US$ | +6.0% |
| 2018 | 100.05 billion current US$ | +3.3% |
| 2019 | 103.43 billion current US$ | +3.4% |
| 2020 | 107.35 billion current US$ | +3.8% |
Cuba compared with similar countries
- Cuba's 107.35 billion current US$ is above the median for upper middle income countries, which is 48.10 billion current US$, 2.2× the median. (59 countries reporting)
- Cuba's 107.35 billion current US$ is above the median for Latin America & Caribbean, which is 29.59 billion current US$, 3.6× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.06 billion current US$ | 5.69 billion current US$ | 19.58 billion current US$ | 10 |
| 1980s | 23.41 billion current US$ | 19.91 billion current US$ | 27.46 billion current US$ | 10 |
| 1990s | 26.08 billion current US$ | 22.09 billion current US$ | 30.43 billion current US$ | 10 |
| 2000s | 42.95 billion current US$ | 30.57 billion current US$ | 57.48 billion current US$ | 10 |
| 2010s | 83.83 billion current US$ | 59.56 billion current US$ | 103.43 billion current US$ | 10 |
| 2020s | 107.35 billion current US$ | 107.35 billion current US$ | 107.35 billion current US$ | 1 |
Countries ranked near Cuba
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$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is gdp in Cuba?
- Gdp in Cuba was 107.35 billion current US$ in 2020, 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 107.35 billion current US$ in 2020.
- What is the lowest gdp recorded in Cuba?
- The lowest recorded value was 5.69 billion current US$ in 1970.
- How does Cuba rank for gdp?
- Cuba ranks 73rd out of 214 countries with data for 2020.
- Is gdp rising or falling in Cuba?
- Over the last ten years it is up 80.2%. 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 US$). Statizoid updates them automatically from the source API.
Download this data
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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 indicator is expressed in United States dollars.