Gross domestic product (GDP), per unit of GDP (Bolt) in Cuba
Cuba: Gross domestic product (GDP), per unit of GDP (Bolt) was 0.7607 international-$ in 2011 prices per US$ of GDP in 2020. ▼ Falling
Latest (2020)
0.7607 international-$ in 2011 prices per US$ of GDP
Change on year
down 14.2%
World rank
153rd
of 163 countries
All-time high
4.47 international-$ in 2011 prices per US$ of GDP
in 1970
All-time low
0.7607 international-$ in 2011 prices per US$ of GDP
in 2020
Years of data
51
1970–2020
Gross domestic product (GDP), per unit of GDP in Cuba, 1970–2020
Source: Statizoid (derived). Measured in international-$ in 2011 prices per US$ of GDP.
Analysis
In 2020, gross domestic product (gdp), per unit of gdp in Cuba stood at 0.7607 international-$ in 2011 prices per US$ of GDP. That is the lowest value across all 51 years on record.
That represents a change of down 14.2% on the previous year and down 38.8% over ten years.
Over the whole period, gross domestic product (gdp), per unit of gdp in Cuba peaked at 4.47 international-$ in 2011 prices per US$ of GDP in 1970 and was at its lowest, 0.7607 international-$ in 2011 prices per US$ of GDP, in 2020.
That places Cuba 153rd out of 163 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 51 years of available data.
Gross domestic product (GDP), per unit of GDP (Bolt) in Cuba, year by year
| Year | international-$ in 2011 prices per US$ of GDP | Change |
|---|---|---|
| 1970 | 4.47 international-$ in 2011 prices per US$ of GDP | — |
| 1971 | 3.96 international-$ in 2011 prices per US$ of GDP | -11.3% |
| 1972 | 3.53 international-$ in 2011 prices per US$ of GDP | -10.9% |
| 1973 | 3.14 international-$ in 2011 prices per US$ of GDP | -11.0% |
| 1974 | 2.9 international-$ in 2011 prices per US$ of GDP | -7.8% |
| 1975 | 2.66 international-$ in 2011 prices per US$ of GDP | -8.1% |
| 1976 | 2.59 international-$ in 2011 prices per US$ of GDP | -2.8% |
| 1977 | 2.63 international-$ in 2011 prices per US$ of GDP | +1.6% |
| 1978 | 2.22 international-$ in 2011 prices per US$ of GDP | -15.5% |
| 1979 | 2.07 international-$ in 2011 prices per US$ of GDP | -6.6% |
| 1980 | 1.99 international-$ in 2011 prices per US$ of GDP | -4.0% |
| 1981 | 2.13 international-$ in 2011 prices per US$ of GDP | +7.0% |
| 1982 | 2.1 international-$ in 2011 prices per US$ of GDP | -1.5% |
| 1983 | 2.09 international-$ in 2011 prices per US$ of GDP | -0.1% |
| 1984 | 2.1 international-$ in 2011 prices per US$ of GDP | +0.1% |
| 1985 | 2.25 international-$ in 2011 prices per US$ of GDP | +7.4% |
| 1986 | 2.13 international-$ in 2011 prices per US$ of GDP | -5.3% |
| 1987 | 1.99 international-$ in 2011 prices per US$ of GDP | -6.6% |
| 1988 | 1.89 international-$ in 2011 prices per US$ of GDP | -5.2% |
| 1989 | 1.94 international-$ in 2011 prices per US$ of GDP | +2.6% |
| 1990 | 1.74 international-$ in 2011 prices per US$ of GDP | -10.0% |
| 1991 | 1.75 international-$ in 2011 prices per US$ of GDP | +0.5% |
| 1992 | 1.66 international-$ in 2011 prices per US$ of GDP | -5.3% |
| 1993 | 1.29 international-$ in 2011 prices per US$ of GDP | -22.3% |
| 1994 | 1.03 international-$ in 2011 prices per US$ of GDP | -20.3% |
| 1995 | 1.03 international-$ in 2011 prices per US$ of GDP | -0.1% |
| 1996 | 1.42 international-$ in 2011 prices per US$ of GDP | +38.7% |
| 1997 | 1.49 international-$ in 2011 prices per US$ of GDP | +4.4% |
| 1998 | 1.47 international-$ in 2011 prices per US$ of GDP | -1.3% |
| 1999 | 1.42 international-$ in 2011 prices per US$ of GDP | -3.4% |
| 2000 | 1.46 international-$ in 2011 prices per US$ of GDP | +3.0% |
| 2001 | 1.49 international-$ in 2011 prices per US$ of GDP | +2.1% |
| 2002 | 1.46 international-$ in 2011 prices per US$ of GDP | -2.3% |
| 2003 | 1.41 international-$ in 2011 prices per US$ of GDP | -3.2% |
| 2004 | 1.34 international-$ in 2011 prices per US$ of GDP | -4.7% |
| 2005 | 1.25 international-$ in 2011 prices per US$ of GDP | -7.3% |
| 2006 | 1.25 international-$ in 2011 prices per US$ of GDP | +0.3% |
| 2007 | 1.17 international-$ in 2011 prices per US$ of GDP | -6.4% |
| 2008 | 1.2 international-$ in 2011 prices per US$ of GDP | +2.7% |
| 2009 | 1.22 international-$ in 2011 prices per US$ of GDP | +1.9% |
| 2010 | 1.24 international-$ in 2011 prices per US$ of GDP | +1.6% |
| 2011 | 1.13 international-$ in 2011 prices per US$ of GDP | -9.1% |
| 2012 | 1.1 international-$ in 2011 prices per US$ of GDP | -2.8% |
| 2013 | 1.08 international-$ in 2011 prices per US$ of GDP | -2.1% |
| 2014 | 1.06 international-$ in 2011 prices per US$ of GDP | -1.2% |
| 2015 | 1.02 international-$ in 2011 prices per US$ of GDP | -4.5% |
| 2016 | 0.9701 international-$ in 2011 prices per US$ of GDP | -4.5% |
| 2017 | 0.9295 international-$ in 2011 prices per US$ of GDP | -4.2% |
| 2018 | 0.9181 international-$ in 2011 prices per US$ of GDP | -1.2% |
| 2019 | 0.8866 international-$ in 2011 prices per US$ of GDP | -3.4% |
| 2020 | 0.7607 international-$ in 2011 prices per US$ of GDP | -14.2% |
Cuba compared with similar countries
- Cuba's 0.7607 international-$ in 2011 prices per US$ of GDP is below the median for upper middle income countries, which is 1.91 international-$ in 2011 prices per US$ of GDP, 40% of the median. (47 countries reporting)
- Cuba's 0.7607 international-$ in 2011 prices per US$ of GDP is below the median for Latin America & Caribbean, which is 1.39 international-$ in 2011 prices per US$ of GDP, 55% of the median. (26 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), per unit of GDP (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 |
|---|---|---|---|
| 1996 | +38.7% | 1.03 international-$ in 2011 prices per US$ of GDP | 1.42 international-$ in 2011 prices per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.02 international-$ in 2011 prices per US$ of GDP | 2.07 international-$ in 2011 prices per US$ of GDP | 4.47 international-$ in 2011 prices per US$ of GDP | 10 |
| 1980s | 2.06 international-$ in 2011 prices per US$ of GDP | 1.89 international-$ in 2011 prices per US$ of GDP | 2.25 international-$ in 2011 prices per US$ of GDP | 10 |
| 1990s | 1.43 international-$ in 2011 prices per US$ of GDP | 1.03 international-$ in 2011 prices per US$ of GDP | 1.75 international-$ in 2011 prices per US$ of GDP | 10 |
| 2000s | 1.33 international-$ in 2011 prices per US$ of GDP | 1.17 international-$ in 2011 prices per US$ of GDP | 1.49 international-$ in 2011 prices per US$ of GDP | 10 |
| 2010s | 1.03 international-$ in 2011 prices per US$ of GDP | 0.8866 international-$ in 2011 prices per US$ of GDP | 1.24 international-$ in 2011 prices per US$ of GDP | 10 |
| 2020s | 0.7607 international-$ in 2011 prices per US$ of GDP | 0.7607 international-$ in 2011 prices per US$ of GDP | 0.7607 international-$ in 2011 prices per US$ of GDP | 1 |
Countries ranked near Cuba
- 150 Canada 0.8004 international-$ in 2011 prices per US$ of GDP compare
- 151 Australia 0.7928 international-$ in 2011 prices per US$ of GDP compare
- 152 Norway 0.7813 international-$ in 2011 prices per US$ of GDP compare
- 154 Saint Lucia 0.754 international-$ in 2011 prices per US$ of GDP compare
- 155 Denmark 0.7484 international-$ in 2011 prices per US$ of GDP compare
- 156 United States 0.7482 international-$ in 2011 prices per US$ of GDP 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), per unit of gdp in Cuba?
- Gross domestic product (gdp), per unit of gdp in Cuba was 0.7607 international-$ in 2011 prices per US$ of GDP in 2020, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per unit of gdp recorded in Cuba?
- The highest recorded value was 4.47 international-$ in 2011 prices per US$ of GDP in 1970.
- What is the lowest gross domestic product (gdp), per unit of gdp recorded in Cuba?
- The lowest recorded value was 0.7607 international-$ in 2011 prices per US$ of GDP in 2020.
- How does Cuba rank for gross domestic product (gdp), per unit of gdp?
- Cuba ranks 153rd out of 163 countries with data for 2020.
- Is gross domestic product (gdp), per unit of gdp rising or falling in Cuba?
- Over the last ten years it is down 38.8%. The long-run trend across the full record is falling.
- Where does this Cuba data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross domestic product (GDP) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross domestic product (GDP) ÷ GDP (current US$)
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Gross domestic product (GDP) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.