Gross domestic product (GDP), annual growth rate (Bolt) in Cuba
Cuba: Gross domestic product (GDP), annual growth rate (Bolt) was 1.77 % change on previous year in 2022. ◆ Volatile
Latest (2022)
1.77 % change on previous year
Change on year
up 41.5%
World rank
140th
of 166 countries
All-time high
16.03 % change on previous year
in 1909
All-time low
-24.67 % change on previous year
in 1931
Years of data
120
1903–2022
Gross domestic product (GDP), annual growth rate in Cuba, 1903–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), annual growth rate in Cuba is 1.77 % change on previous year, measured in 2022.
That represents a change of up 41.5% on the previous year and down 41.1% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Cuba peaked at 16.03 % change on previous year in 1909 and was at its lowest, -24.67 % change on previous year, in 1931.
That places Cuba 140th out of 166 countries with data for 2022, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate (Bolt) in Cuba, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1903 | 8.3 % change on previous year | — |
| 1904 | 5.25 % change on previous year | -36.7% |
| 1905 | 6.98 % change on previous year | +32.8% |
| 1906 | 4.11 % change on previous year | -41.0% |
| 1907 | 11.16 % change on previous year | +171.3% |
| 1908 | -8.73 % change on previous year | -178.2% |
| 1909 | 16.03 % change on previous year | -283.6% |
| 1910 | 3.02 % change on previous year | -81.2% |
| 1911 | -6 % change on previous year | -298.9% |
| 1912 | 6 % change on previous year | -200.0% |
| 1913 | 12.66 % change on previous year | +111.0% |
| 1914 | 5.7 % change on previous year | -54.9% |
| 1915 | 1.83 % change on previous year | -67.9% |
| 1916 | 8 % change on previous year | +337.3% |
| 1917 | 4.27 % change on previous year | -46.6% |
| 1918 | 4.21 % change on previous year | -1.4% |
| 1919 | 6.37 % change on previous year | +51.4% |
| 1920 | 2.92 % change on previous year | -54.2% |
| 1921 | -0.4181 % change on previous year | -114.3% |
| 1922 | 1.62 % change on previous year | -486.4% |
| 1923 | 1.57 % change on previous year | -2.8% |
| 1924 | 6.26 % change on previous year | +298.9% |
| 1925 | 12.87 % change on previous year | +105.5% |
| 1926 | -2.63 % change on previous year | -120.4% |
| 1927 | 1.38 % change on previous year | -152.3% |
| 1928 | -3.12 % change on previous year | -326.9% |
| 1929 | 11.66 % change on previous year | -473.3% |
| 1930 | -2.74 % change on previous year | -123.5% |
| 1931 | -24.67 % change on previous year | +801.1% |
| 1932 | -5.58 % change on previous year | -77.4% |
| 1933 | -2.97 % change on previous year | -46.8% |
| 1934 | 10.37 % change on previous year | -449.0% |
| 1935 | 9.86 % change on previous year | -4.9% |
| 1936 | 7.45 % change on previous year | -24.5% |
| 1937 | 8.44 % change on previous year | +13.2% |
| 1938 | 2.97 % change on previous year | -64.8% |
| 1939 | 0.2329 % change on previous year | -92.2% |
| 1940 | 2.88 % change on previous year | +1135.1% |
| 1941 | 7.84 % change on previous year | +172.5% |
| 1942 | 1.49 % change on previous year | -81.0% |
| 1943 | -4.37 % change on previous year | -393.4% |
| 1944 | 11.57 % change on previous year | -364.8% |
| 1945 | 1.71 % change on previous year | -85.2% |
| 1946 | 8.01 % change on previous year | +367.9% |
| 1947 | 8.83 % change on previous year | +10.3% |
| 1948 | 0.135 % change on previous year | -98.5% |
| 1949 | 1.22 % change on previous year | +804.4% |
| 1950 | 14.16 % change on previous year | +1060.0% |
| 1951 | 2.85 % change on previous year | -79.8% |
| 1952 | 8.86 % change on previous year | +210.4% |
| 1953 | -6.34 % change on previous year | -171.6% |
| 1954 | 2.04 % change on previous year | -132.2% |
| 1955 | 3.09 % change on previous year | +51.3% |
| 1956 | 6.01 % change on previous year | +94.9% |
| 1957 | 8.74 % change on previous year | +45.3% |
| 1958 | 1.84 % change on previous year | -79.0% |
| 1959 | 4.97 % change on previous year | +170.7% |
| 1960 | 1.42 % change on previous year | -71.5% |
| 1961 | 4.03 % change on previous year | +184.1% |
| 1962 | -1.43 % change on previous year | -135.5% |
| 1963 | 1.67 % change on previous year | -216.5% |
| 1964 | 9.6 % change on previous year | +474.8% |
| 1965 | 0.327 % change on previous year | -96.6% |
| 1966 | 5.45 % change on previous year | +1567.4% |
| 1967 | 11.66 % change on previous year | +113.8% |
| 1968 | -5.8 % change on previous year | -149.8% |
| 1969 | -1.24 % change on previous year | -78.6% |
| 1970 | -3.76 % change on previous year | +202.5% |
| 1971 | 7.78 % change on previous year | -307.1% |
| 1972 | 4.82 % change on previous year | -38.0% |
| 1973 | 9.23 % change on previous year | +91.3% |
| 1974 | 5.27 % change on previous year | -42.9% |
| 1975 | 4.97 % change on previous year | -5.6% |
| 1976 | 2.85 % change on previous year | -42.7% |
| 1977 | 4.63 % change on previous year | +62.4% |
| 1978 | 6.2 % change on previous year | +33.9% |
| 1979 | 2.47 % change on previous year | -60.1% |
| 1980 | -2.42 % change on previous year | -197.9% |
| 1981 | 8.29 % change on previous year | -443.1% |
| 1982 | 2.42 % change on previous year | -70.9% |
| 1983 | 5.88 % change on previous year | +143.3% |
| 1984 | 8.4 % change on previous year | +42.9% |
| 1985 | 2.39 % change on previous year | -71.5% |
| 1986 | 0.0941 % change on previous year | -96.1% |
| 1987 | -2.8 % change on previous year | -3070.9% |
| 1988 | 3.21 % change on previous year | -214.9% |
| 1989 | 0.97 % change on previous year | -69.8% |
| 1990 | -4.6 % change on previous year | -574.0% |
| 1991 | -14.71 % change on previous year | +219.9% |
| 1992 | -13.96 % change on previous year | -5.1% |
| 1993 | -21.33 % change on previous year | +52.8% |
| 1994 | 1.36 % change on previous year | -106.4% |
| 1995 | 6.9 % change on previous year | +405.3% |
| 1996 | 14.03 % change on previous year | +103.5% |
| 1997 | 5.9 % change on previous year | -57.9% |
| 1998 | 0.1604 % change on previous year | -97.3% |
| 1999 | 6.51 % change on previous year | +3961.7% |
| 2000 | 11.03 % change on previous year | +69.4% |
| 2001 | 5.84 % change on previous year | -47.1% |
| 2002 | 3.54 % change on previous year | -39.4% |
| 2003 | 3.44 % change on previous year | -3.0% |
| 2004 | 1.38 % change on previous year | -59.9% |
| 2005 | 3.42 % change on previous year | +148.5% |
| 2006 | 14.88 % change on previous year | +335.0% |
| 2007 | 4.01 % change on previous year | -73.1% |
| 2008 | 6.52 % change on previous year | +62.8% |
| 2009 | 4.07 % change on previous year | -37.6% |
| 2010 | 5.3 % change on previous year | +30.1% |
| 2011 | 5.34 % change on previous year | +0.7% |
| 2012 | 3.01 % change on previous year | -43.5% |
| 2013 | 3.27 % change on previous year | +8.4% |
| 2014 | 3.26 % change on previous year | -0.1% |
| 2015 | 3.2 % change on previous year | -1.9% |
| 2016 | 0.1904 % change on previous year | -94.1% |
| 2017 | 1.56 % change on previous year | +720.8% |
| 2018 | 2.04 % change on previous year | +30.4% |
| 2019 | -0.1649 % change on previous year | -108.1% |
| 2020 | -10.95 % change on previous year | +6538.0% |
| 2021 | 1.25 % change on previous year | -111.5% |
| 2022 | 1.77 % change on previous year | +41.5% |
Cuba compared with similar countries
- Cuba's 1.77 % change on previous year is below the median for upper middle income countries, which is 3.25 % change on previous year, 55% of the median. (47 countries reporting)
- Cuba's 1.77 % change on previous year is below the median for Latin America & Caribbean, which is 3.87 % change on previous year, 46% of the median. (26 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate (Bolt) 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 |
|---|---|---|---|
| 2020 | -6538.0% | -0.1649 % change on previous year | -10.95 % change on previous year |
| 1999 | +3961.7% | 0.1604 % change on previous year | 6.51 % change on previous year |
| 1987 | -3070.9% | 0.0941 % change on previous year | -2.8 % change on previous year |
| 1966 | +1567.4% | 0.327 % change on previous year | 5.45 % change on previous year |
| 1940 | +1135.1% | 0.2329 % change on previous year | 2.88 % change on previous year |
| 1950 | +1060.0% | 1.22 % change on previous year | 14.16 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1900s | 6.16 % change on previous year | -8.73 % change on previous year | 16.03 % change on previous year | 7 |
| 1910s | 4.61 % change on previous year | -6 % change on previous year | 12.66 % change on previous year | 10 |
| 1920s | 3.21 % change on previous year | -3.12 % change on previous year | 12.87 % change on previous year | 10 |
| 1930s | 0.3372 % change on previous year | -24.67 % change on previous year | 10.37 % change on previous year | 10 |
| 1940s | 3.93 % change on previous year | -4.37 % change on previous year | 11.57 % change on previous year | 10 |
| 1950s | 4.62 % change on previous year | -6.34 % change on previous year | 14.16 % change on previous year | 10 |
| 1960s | 2.57 % change on previous year | -5.8 % change on previous year | 11.66 % change on previous year | 10 |
| 1970s | 4.45 % change on previous year | -3.76 % change on previous year | 9.23 % change on previous year | 10 |
| 1980s | 2.64 % change on previous year | -2.8 % change on previous year | 8.4 % change on previous year | 10 |
| 1990s | -1.97 % change on previous year | -21.33 % change on previous year | 14.03 % change on previous year | 10 |
| 2000s | 5.81 % change on previous year | 1.38 % change on previous year | 14.88 % change on previous year | 10 |
| 2010s | 2.7 % change on previous year | -0.1649 % change on previous year | 5.34 % change on previous year | 10 |
| 2020s | -2.64 % change on previous year | -10.95 % change on previous year | 1.77 % change on previous year | 3 |
Countries ranked near Cuba
- 137 Lithuania 1.89 % change on previous year compare
- 138 Turkmenistan 1.79 % change on previous year compare
- 139 Germany 1.79 % change on previous year compare
- 141 Slovakia 1.67 % change on previous year compare
- 142 Luxembourg 1.55 % change on previous year compare
- 143 Yemen 1.5 % change on previous year compare
More economy & growth data for Cuba
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, US dollar, per capita 0 units per person (2016)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, SDR, per capita 0 units per person (2016)
- IMF holdings of currency, US dollar, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, US dollar, per capita 0 units per person (2016)
- IMF holdings of currency, SDR, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, SDR, per capita 0 units per person (2016)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in Cuba?
- Gross domestic product (gdp), annual growth rate in Cuba was 1.77 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Cuba?
- The highest recorded value was 16.03 % change on previous year in 1909.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Cuba?
- The lowest recorded value was -24.67 % change on previous year in 1931.
- How does Cuba rank for gross domestic product (gdp), annual growth rate?
- Cuba ranks 140th out of 166 countries with data for 2022.
- Is gross domestic product (gdp), annual growth rate rising or falling in Cuba?
- Over the last ten years it is down 41.1%. The long-run trend across the full record is volatile.
- Where does this Cuba data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 120 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.