GDP Deflator — Value US$, 2015 prices in Cuba
Cuba: GDP Deflator — Value US$, 2015 prices was 260.5 USD in 2024. ◆ Volatile
GDP Deflator — Value US$, 2015 prices in Cuba, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
The most recent figure for gdp deflator — value us$, 2015 prices in Cuba is 260.5 USD, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 5.7% on the previous year and up 169.7% over ten years.
Over the whole period, gdp deflator — value us$, 2015 prices in Cuba peaked at 260.5 USD in 2024 and was at its lowest, 24.6 USD, in 1970.
That places Cuba 3rd out of 203 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
GDP Deflator — Value US$, 2015 prices in Cuba, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 24.6 USD | — |
| 1971 | 27.52 USD | +11.9% |
| 1972 | 30.89 USD | +12.2% |
| 1973 | 36.66 USD | +18.7% |
| 1974 | 41.46 USD | +13.1% |
| 1975 | 43.25 USD | +4.3% |
| 1976 | 43.42 USD | +0.4% |
| 1977 | 41.15 USD | -5.2% |
| 1978 | 48.49 USD | +17.8% |
| 1979 | 52.65 USD | +8.6% |
| 1980 | 56.26 USD | +6.9% |
| 1981 | 47.57 USD | -15.5% |
| 1982 | 45.41 USD | -4.5% |
| 1983 | 45.66 USD | +0.5% |
| 1984 | 45.79 USD | +0.3% |
| 1985 | 42.98 USD | -6.1% |
| 1986 | 45.38 USD | +5.6% |
| 1987 | 48.39 USD | +6.6% |
| 1988 | 50.82 USD | +5.0% |
| 1989 | 49.68 USD | -2.2% |
| 1990 | 54.26 USD | +9.2% |
| 1991 | 51.58 USD | -4.9% |
| 1992 | 52.98 USD | +2.7% |
| 1993 | 63.03 USD | +19.0% |
| 1994 | 79.59 USD | +26.3% |
| 1995 | 83.09 USD | +4.4% |
| 1996 | 63.35 USD | -23.8% |
| 1997 | 62.5 USD | -1.3% |
| 1998 | 63.31 USD | +1.3% |
| 1999 | 65.71 USD | +3.8% |
| 2000 | 66.85 USD | +1.7% |
| 2001 | 67.15 USD | +0.5% |
| 2002 | 70.2 USD | +4.5% |
| 2003 | 72.29 USD | +3.0% |
| 2004 | 72.72 USD | +0.6% |
| 2005 | 73 USD | +0.4% |
| 2006 | 80.57 USD | +10.4% |
| 2007 | 83.46 USD | +3.6% |
| 2008 | 83.17 USD | -0.3% |
| 2009 | 83.7 USD | +0.6% |
| 2010 | 84.71 USD | +1.2% |
| 2011 | 89.04 USD | +5.1% |
| 2012 | 90.94 USD | +2.1% |
| 2013 | 93.36 USD | +2.7% |
| 2014 | 96.59 USD | +3.5% |
| 2015 | 100 USD | +3.5% |
| 2016 | 104.24 USD | +4.2% |
| 2017 | 108.53 USD | +4.1% |
| 2018 | 109.65 USD | +1.0% |
| 2019 | 113.54 USD | +3.5% |
| 2020 | 132.33 USD | +16.6% |
| 2021 | 154.24 USD | +16.6% |
| 2022 | 175.98 USD | +14.1% |
| 2023 | 246.37 USD | +40.0% |
| 2024 | 260.5 USD | +5.7% |
Cuba compared with similar countries
- Cuba's 260.5 USD is above the median for upper middle income countries, which is 121.31 USD, 2.1× the median. (51 countries reporting)
- Cuba's 260.5 USD is above the median for Latin America & Caribbean, which is 120.84 USD, 2.2× the median. (37 countries reporting)
Biggest year-on-year movements
Years where GDP Deflator — Value US$, 2015 prices in Cuba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +40.0% | 175.98 USD | 246.37 USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 39.01 USD | 24.6 USD | 52.65 USD | 10 |
| 1980s | 47.79 USD | 42.98 USD | 56.26 USD | 10 |
| 1990s | 63.94 USD | 51.58 USD | 83.09 USD | 10 |
| 2000s | 75.31 USD | 66.85 USD | 83.7 USD | 10 |
| 2010s | 99.06 USD | 84.71 USD | 113.54 USD | 10 |
| 2020s | 193.89 USD | 132.33 USD | 260.5 USD | 5 |
Countries ranked near Cuba
- 1 Republic of Moldova 196.38 USD compare
- 1 Zimbabwe 1,563 USD compare
- 2 South Sudan 265.54 USD compare
- 2 Venezuela (Bolivarian Republic of) 168.14 USD compare
- 2 Caribbean 155.09 USD compare
- 3 Micronesia (Federated States of) 144.2 USD compare
- 4 Ukraine 240.05 USD compare
- 4 Micronesia 133.16 USD compare
- 5 Bolivia (Plurinational State of) 124.02 USD compare
- 5 Sao Tome and Principe 203.98 USD compare
- 6 Haiti 194.63 USD compare
- 6 Melanesia 119.09 USD compare
More economy & growth data for Cuba
- General government final consumption expenditure (current US$) 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$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is gdp deflator — value us$, 2015 prices in Cuba?
- Gdp deflator — value us$, 2015 prices in Cuba was 260.5 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value us$, 2015 prices recorded in Cuba?
- The highest recorded value was 260.5 USD in 2024.
- What is the lowest gdp deflator — value us$, 2015 prices recorded in Cuba?
- The lowest recorded value was 24.6 USD in 1970.
- How does Cuba rank for gdp deflator — value us$, 2015 prices?
- Cuba ranks 3rd out of 203 countries with data for 2024.
- Is gdp deflator — value us$, 2015 prices rising or falling in Cuba?
- Over the last ten years it is up 169.7%. The long-run trend across the full record is volatile.
- Where does this Cuba data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of GDP Deflator — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).