GDP growth in Cuba
Cuba: GDP growth was -1.1% in 2024. β Volatile
GDP growth in Cuba, 1971β2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
The most recent figure for gdp growth in Cuba is -1.1%, measured in 2024.
The figure is up 45.0% on the previous year and down 201.4% over ten years.
Over the whole period, gdp growth in Cuba peaked at 19.7% in 1981 and was at its lowest, -14.9%, in 1993.
That places Cuba 203rd out of 215 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.5% | 1.0% | 9.5% | 9 |
| 1980s | 4.1% | -4.8% | 19.7% | 10 |
| 1990s | -2.0% | -14.9% | 7.8% | 10 |
| 2000s | 5.6% | 1.4% | 12.1% | 10 |
| 2010s | 2.1% | -0.2% | 4.4% | 10 |
| 2020s | -2.2% | -10.9% | 1.8% | 5 |
Countries ranked near Cuba
- 200 Saint Lucia -0.6% compare
- 201 Botswana -0.7% compare
- 202 Trinidad and Tobago -0.8% compare
- 204 Liechtenstein -1.2% compare
- 205 Virgin Islands U.S. -1.3% compare
- 206 Bolivia (Plurinational State of) -1.6% compare
More economy & growth data for Cuba
- Taxes less subsidies on products (current LCU), annual growth rate 122.26 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0071 current LCU per US$ of GDP (2020)
- Taxes less subsidies on products (current LCU), per capita 1,502 current LCU per person (2024)
- Special drawing rights per domestic currency (End-of-period (EoP)) 1 (1974)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 0.9978 (1974)
- Domestic currency per US dollar (End-of-period (EoP)) 0.815 (1974)
- US dollar per domestic currency (End-of-period (EoP)) 1.23 (1974)
- Gdp worldbank constant usd, annual growth rate -1.06 % change on previous year (2024)
- Gdp worldbank constant usd, per unit of GDP 0.755 units per US$ of GDP (2020)
- Gdp worldbank constant usd, per capita 7,381 units per person (2024)
Frequently asked questions
- What is gdp growth in Cuba?
- Gdp growth in Cuba was -1.1% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp growth recorded in Cuba?
- The highest recorded value was 19.7% in 1981.
- What is the lowest gdp growth recorded in Cuba?
- The lowest recorded value was -14.9% in 1993.
- How does Cuba rank for gdp growth?
- Cuba ranks 203rd out of 215 countries with data for 2024.
- Is gdp growth rising or falling in Cuba?
- Over the last ten years it is down 201.4%. 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 growth (annual %). 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.