Gross domestic income in Cuba
Cuba: Gross domestic income was 47.54 billion constant LCU in 2024. ▲ Rising
Gross domestic income in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Cuba recorded 47.54 billion constant LCU for gross domestic income in 2024.
Compared with earlier readings it is down 2.6% on the previous year and down 7.2% over ten years.
Over the whole period, gross domestic income in Cuba peaked at 57.23 billion constant LCU in 2019 and was at its lowest, 15.39 billion constant LCU, in 1970.
Cuba ranks 138th of 178 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross domestic income in Cuba, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 15.39 billion constant LCU | — |
| 1971 | 16.71 billion constant LCU | +8.6% |
| 1972 | 17.51 billion constant LCU | +4.8% |
| 1973 | 18.11 billion constant LCU | +3.4% |
| 1974 | 18.29 billion constant LCU | +1.0% |
| 1975 | 20.03 billion constant LCU | +9.5% |
| 1976 | 21.12 billion constant LCU | +5.4% |
| 1977 | 22.95 billion constant LCU | +8.7% |
| 1978 | 24.46 billion constant LCU | +6.6% |
| 1979 | 24.72 billion constant LCU | +1.1% |
| 1980 | 23.58 billion constant LCU | -4.6% |
| 1981 | 28.16 billion constant LCU | +19.4% |
| 1982 | 30.65 billion constant LCU | +8.8% |
| 1983 | 32.29 billion constant LCU | +5.4% |
| 1984 | 34.84 billion constant LCU | +7.9% |
| 1985 | 35.99 billion constant LCU | +3.3% |
| 1986 | 35.09 billion constant LCU | -2.5% |
| 1987 | 34.46 billion constant LCU | -1.8% |
| 1988 | 35.79 billion constant LCU | +3.9% |
| 1989 | 36.04 billion constant LCU | +0.7% |
| 1990 | 35.22 billion constant LCU | -2.3% |
| 1991 | 29.56 billion constant LCU | -16.1% |
| 1992 | 25.05 billion constant LCU | -15.2% |
| 1993 | 21.71 billion constant LCU | -13.3% |
| 1994 | 22.30 billion constant LCU | +2.7% |
| 1995 | 22.81 billion constant LCU | +2.3% |
| 1996 | 24.77 billion constant LCU | +8.6% |
| 1997 | 25.37 billion constant LCU | +2.4% |
| 1998 | 24.98 billion constant LCU | -1.5% |
| 1999 | 26.40 billion constant LCU | +5.7% |
| 2000 | 27.33 billion constant LCU | +3.5% |
| 2001 | 28.22 billion constant LCU | +3.3% |
| 2002 | 28.78 billion constant LCU | +2.0% |
| 2003 | 30.44 billion constant LCU | +5.8% |
| 2004 | 32.36 billion constant LCU | +6.3% |
| 2005 | 35.26 billion constant LCU | +9.0% |
| 2006 | 40.05 billion constant LCU | +13.6% |
| 2007 | 42.80 billion constant LCU | +6.9% |
| 2008 | 41.47 billion constant LCU | -3.1% |
| 2009 | 42.77 billion constant LCU | +3.1% |
| 2010 | 46.59 billion constant LCU | +8.9% |
| 2011 | 46.07 billion constant LCU | -1.1% |
| 2012 | 48.26 billion constant LCU | +4.7% |
| 2013 | 49.50 billion constant LCU | +2.6% |
| 2014 | 51.21 billion constant LCU | +3.5% |
| 2015 | 53.75 billion constant LCU | +5.0% |
| 2016 | 55.72 billion constant LCU | +3.7% |
| 2017 | 56.79 billion constant LCU | +1.9% |
| 2018 | 57.18 billion constant LCU | +0.7% |
| 2019 | 57.23 billion constant LCU | +0.1% |
| 2020 | 51.77 billion constant LCU | -9.5% |
| 2021 | 50.14 billion constant LCU | -3.1% |
| 2022 | 50.54 billion constant LCU | +0.8% |
| 2023 | 48.81 billion constant LCU | -3.4% |
| 2024 | 47.54 billion constant LCU | -2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.93 billion constant LCU | 15.39 billion constant LCU | 24.72 billion constant LCU | 10 |
| 1980s | 32.69 billion constant LCU | 23.58 billion constant LCU | 36.04 billion constant LCU | 10 |
| 1990s | 25.82 billion constant LCU | 21.71 billion constant LCU | 35.22 billion constant LCU | 10 |
| 2000s | 34.95 billion constant LCU | 27.33 billion constant LCU | 42.80 billion constant LCU | 10 |
| 2010s | 52.23 billion constant LCU | 46.07 billion constant LCU | 57.23 billion constant LCU | 10 |
| 2020s | 49.76 billion constant LCU | 47.54 billion constant LCU | 51.77 billion constant LCU | 5 |
Countries ranked near Cuba
- 135 Sierra Leone 61.90 billion constant LCU compare
- 136 Lithuania 57.04 billion constant LCU compare
- 137 Slovenia 55.06 billion constant LCU compare
- 139 Bosnia and Herzegovina 43.69 billion constant LCU compare
- 140 Turkmenistan 43.61 billion constant LCU compare
- 141 Oman 37.67 billion constant LCU 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 gross domestic income in Cuba?
- Gross domestic income in Cuba was 47.54 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic income recorded in Cuba?
- The highest recorded value was 57.23 billion constant LCU in 2019.
- What is the lowest gross domestic income recorded in Cuba?
- The lowest recorded value was 15.39 billion constant LCU in 1970.
- How does Cuba rank for gross domestic income?
- Cuba ranks 138th out of 178 countries with data for 2024.
- Is gross domestic income rising or falling in Cuba?
- Over the last ten years it is down 7.2%. The long-run trend across the full record is rising.
- 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 Gross domestic income (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Real gross domestic income (real GDI) measures the purchasing power of the total incomes generated by domestic production. It is a concept that exists in real terms only. When the terms of trade change there may be a significant divergence between the movements of GDP in volume terms and real GDI. The difference between the change in GDP in volume terms and real GDI is generally described as the “trading gain” (or loss) or, to turn this round, the trading gain or loss from changes in the terms of trade is the difference between real GDI and GDP in volume terms. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.