Gross domestic product (GDP) in Cuba
Cuba: Gross domestic product (GDP) was 81.05 billion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
81.05 billion constant 2015 US$
Change on year
down 1.1%
World rank
71st
of 209 countries
All-time high
91.17 billion constant 2015 US$
in 2018
All-time low
23.12 billion constant 2015 US$
in 1970
Years of data
55
1970–2024
Gross domestic product (GDP) in Cuba, 1970–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data. Measured in constant 2015 US$.
Analysis
The most recent figure for gross domestic product (gdp) in Cuba is 81.05 billion constant 2015 US$, measured in 2024.
That represents a change of down 1.1% on the previous year and down 2.9% over ten years.
Over the whole period, gross domestic product (gdp) in Cuba peaked at 91.17 billion constant 2015 US$ in 2018 and was at its lowest, 23.12 billion constant 2015 US$, in 1970.
Cuba ranks 71st of 209 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross domestic product (GDP) in Cuba, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 23.12 billion constant 2015 US$ | — |
| 1971 | 25.11 billion constant 2015 US$ | +8.6% |
| 1972 | 26.32 billion constant 2015 US$ | +4.8% |
| 1973 | 27.22 billion constant 2015 US$ | +3.4% |
| 1974 | 27.49 billion constant 2015 US$ | +1.0% |
| 1975 | 30.09 billion constant 2015 US$ | +9.5% |
| 1976 | 31.73 billion constant 2015 US$ | +5.4% |
| 1977 | 34.49 billion constant 2015 US$ | +8.7% |
| 1978 | 36.77 billion constant 2015 US$ | +6.6% |
| 1979 | 37.17 billion constant 2015 US$ | +1.1% |
| 1980 | 35.36 billion constant 2015 US$ | -4.8% |
| 1981 | 42.33 billion constant 2015 US$ | +19.7% |
| 1982 | 46.10 billion constant 2015 US$ | +8.9% |
| 1983 | 48.60 billion constant 2015 US$ | +5.4% |
| 1984 | 52.45 billion constant 2015 US$ | +7.9% |
| 1985 | 53.29 billion constant 2015 US$ | +1.6% |
| 1986 | 53.34 billion constant 2015 US$ | +0.1% |
| 1987 | 52.06 billion constant 2015 US$ | -2.4% |
| 1988 | 53.98 billion constant 2015 US$ | +3.7% |
| 1989 | 54.35 billion constant 2015 US$ | +0.7% |
| 1990 | 52.75 billion constant 2015 US$ | -2.9% |
| 1991 | 47.11 billion constant 2015 US$ | -10.7% |
| 1992 | 41.65 billion constant 2015 US$ | -11.6% |
| 1993 | 35.46 billion constant 2015 US$ | -14.9% |
| 1994 | 35.71 billion constant 2015 US$ | +0.7% |
| 1995 | 36.59 billion constant 2015 US$ | +2.5% |
| 1996 | 39.46 billion constant 2015 US$ | +7.8% |
| 1997 | 40.55 billion constant 2015 US$ | +2.8% |
| 1998 | 40.62 billion constant 2015 US$ | +0.2% |
| 1999 | 43.13 billion constant 2015 US$ | +6.2% |
| 2000 | 45.68 billion constant 2015 US$ | +5.9% |
| 2001 | 47.14 billion constant 2015 US$ | +3.2% |
| 2002 | 47.81 billion constant 2015 US$ | +1.4% |
| 2003 | 49.62 billion constant 2015 US$ | +3.8% |
| 2004 | 52.49 billion constant 2015 US$ | +5.8% |
| 2005 | 58.37 billion constant 2015 US$ | +11.2% |
| 2006 | 65.41 billion constant 2015 US$ | +12.1% |
| 2007 | 70.16 billion constant 2015 US$ | +7.3% |
| 2008 | 73.05 billion constant 2015 US$ | +4.1% |
| 2009 | 74.11 billion constant 2015 US$ | +1.5% |
| 2010 | 75.88 billion constant 2015 US$ | +2.4% |
| 2011 | 78.01 billion constant 2015 US$ | +2.8% |
| 2012 | 80.36 billion constant 2015 US$ | +3.0% |
| 2013 | 82.56 billion constant 2015 US$ | +2.7% |
| 2014 | 83.43 billion constant 2015 US$ | +1.0% |
| 2015 | 87.13 billion constant 2015 US$ | +4.4% |
| 2016 | 87.58 billion constant 2015 US$ | +0.5% |
| 2017 | 89.16 billion constant 2015 US$ | +1.8% |
| 2018 | 91.17 billion constant 2015 US$ | +2.2% |
| 2019 | 91.02 billion constant 2015 US$ | -0.2% |
| 2020 | 81.05 billion constant 2015 US$ | -10.9% |
| 2021 | 82.07 billion constant 2015 US$ | +1.3% |
| 2022 | 83.53 billion constant 2015 US$ | +1.8% |
| 2023 | 81.92 billion constant 2015 US$ | -1.9% |
| 2024 | 81.05 billion constant 2015 US$ | -1.1% |
Cuba compared with similar countries
- Cuba's 81.05 billion constant 2015 US$ is above the median for upper middle income countries, which is 51.02 billion constant 2015 US$, 1.6× the median. (58 countries reporting)
- Cuba's 81.05 billion constant 2015 US$ is above the median for Latin America & Caribbean, which is 25.54 billion constant 2015 US$, 3.2× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29.95 billion constant 2015 US$ | 23.12 billion constant 2015 US$ | 37.17 billion constant 2015 US$ | 10 |
| 1980s | 49.18 billion constant 2015 US$ | 35.36 billion constant 2015 US$ | 54.35 billion constant 2015 US$ | 10 |
| 1990s | 41.30 billion constant 2015 US$ | 35.46 billion constant 2015 US$ | 52.75 billion constant 2015 US$ | 10 |
| 2000s | 58.38 billion constant 2015 US$ | 45.68 billion constant 2015 US$ | 74.11 billion constant 2015 US$ | 10 |
| 2010s | 84.63 billion constant 2015 US$ | 75.88 billion constant 2015 US$ | 91.17 billion constant 2015 US$ | 10 |
| 2020s | 81.92 billion constant 2015 US$ | 81.05 billion constant 2015 US$ | 83.53 billion constant 2015 US$ | 5 |
Countries ranked near Cuba
- 68 Oman 93.82 billion constant 2015 US$ compare
- 69 Guatemala 87.61 billion constant 2015 US$ compare
- 70 Cote d'Ivoire 81.48 billion constant 2015 US$ compare
- 72 Costa Rica 80.74 billion constant 2015 US$ compare
- 73 Panama 80.68 billion constant 2015 US$ compare
- 74 Ukraine 80.23 billion constant 2015 US$ 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$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is gross domestic product (gdp) in Cuba?
- Gross domestic product (gdp) in Cuba was 81.05 billion constant 2015 US$ in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Cuba?
- The highest recorded value was 91.17 billion constant 2015 US$ in 2018.
- What is the lowest gross domestic product (gdp) recorded in Cuba?
- The lowest recorded value was 23.12 billion constant 2015 US$ in 1970.
- How does Cuba rank for gross domestic product (gdp)?
- Cuba ranks 71st out of 209 countries with data for 2024.
- Is gross domestic product (gdp) rising or falling in Cuba?
- Over the last ten years it is down 2.9%. The long-run trend across the full record is rising.
- Where does this Cuba data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Total economic output of a country or region per year. This data is adjusted by inflation but _does not_ account for differences in living costs between countries.