GDP per capita growth in Cuba
Cuba: GDP per capita growth was -0.7% in 2024. ◆ Volatile
GDP per capita growth in Cuba, 1971–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
The most recent figure for gdp per capita growth in Cuba is -0.7%, measured in 2024.
Compared with earlier readings it is up 55.5% on the previous year and down 160.4% over ten years.
Over the whole period, gdp per capita growth in Cuba peaked at 19.1% in 1981 and was at its lowest, -15.3%, in 1993.
That places Cuba 188th out of 213 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.
GDP per capita growth in Cuba, year by year
| Year | annual % | Change |
|---|---|---|
| 1971 | 6.7% | — |
| 1972 | 3.2% | -52.9% |
| 1973 | 2.0% | -37.9% |
| 1974 | -0.3% | -115.1% |
| 1975 | 8.3% | -2890.8% |
| 1976 | 4.4% | -46.5% |
| 1977 | 7.8% | +77.4% |
| 1978 | 5.9% | -24.8% |
| 1979 | 0.6% | -90.6% |
| 1980 | -5.3% | -1044.1% |
| 1981 | 19.1% | -464.6% |
| 1982 | 8.2% | -57.1% |
| 1983 | 4.6% | -44.2% |
| 1984 | 7.0% | +53.7% |
| 1985 | 0.8% | -89.3% |
| 1986 | -0.8% | -199.7% |
| 1987 | -3.3% | +332.1% |
| 1988 | 2.7% | -184.0% |
| 1989 | -0.3% | -110.3% |
| 1990 | -3.8% | +1264.4% |
| 1991 | -11.4% | +196.4% |
| 1992 | -12.1% | +6.4% |
| 1993 | -15.3% | +26.1% |
| 1994 | 0.3% | -102.0% |
| 1995 | 2.1% | +594.5% |
| 1996 | 7.5% | +258.1% |
| 1997 | 2.4% | -67.3% |
| 1998 | -0.2% | -107.1% |
| 1999 | 5.8% | -3437.0% |
| 2000 | 5.6% | -4.6% |
| 2001 | 2.9% | -48.6% |
| 2002 | 1.1% | -60.8% |
| 2003 | 3.5% | +211.4% |
| 2004 | 5.5% | +57.1% |
| 2005 | 11.0% | +99.6% |
| 2006 | 11.9% | +8.6% |
| 2007 | 7.2% | -39.7% |
| 2008 | 4.1% | -43.2% |
| 2009 | 1.4% | -65.0% |
| 2010 | 2.4% | +66.1% |
| 2011 | 2.8% | +16.8% |
| 2012 | 3.0% | +8.5% |
| 2013 | 2.8% | -6.9% |
| 2014 | 1.2% | -58.5% |
| 2015 | 4.5% | +291.7% |
| 2016 | 0.6% | -86.8% |
| 2017 | 2.0% | +230.0% |
| 2018 | 2.4% | +23.6% |
| 2019 | 0.1% | -97.8% |
| 2020 | -10.7% | -20277.9% |
| 2021 | 1.7% | -116.3% |
| 2022 | 2.3% | +34.4% |
| 2023 | -1.6% | -167.0% |
| 2024 | -0.7% | -55.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.3% | -0.3% | 8.3% | 9 |
| 1980s | 3.3% | -5.3% | 19.1% | 10 |
| 1990s | -2.5% | -15.3% | 7.5% | 10 |
| 2000s | 5.4% | 1.1% | 11.9% | 10 |
| 2010s | 2.2% | 0.1% | 4.5% | 10 |
| 2020s | -1.8% | -10.7% | 2.3% | 5 |
Countries ranked near Cuba
- 185 Namibia -0.3% compare
- 186 Somalia -0.4% compare
- 187 Malawi -0.7% compare
- 189 Trinidad and Tobago -0.7% compare
- 190 United Arab Emirates -0.8% compare
- 191 Saint Lucia -0.8% compare
More economy & growth data for Cuba
- Gross value added at basic prices (GVA) (current LCU), annual growth 29.99 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9929 current LCU per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (current LCU), per capita 97,292 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual -1.01 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7499 constant 2015 US$ per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 7,350 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth -1.01 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.4684 constant LCU per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (constant LCU), per capita 4,591 constant LCU per person (2024)
- GDP (current US$), annual growth rate 3.79 % change on previous year (2020)
Frequently asked questions
- What is gdp per capita growth in Cuba?
- Gdp per capita growth in Cuba was -0.7% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp per capita growth recorded in Cuba?
- The highest recorded value was 19.1% in 1981.
- What is the lowest gdp per capita growth recorded in Cuba?
- The lowest recorded value was -15.3% in 1993.
- How does Cuba rank for gdp per capita growth?
- Cuba ranks 188th out of 213 countries with data for 2024.
- Is gdp per capita growth rising or falling in Cuba?
- Over the last ten years it is down 160.4%. 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 per capita 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. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.