Gross Domestic Product — Value Standard Local Currency, 2015 prices in Cuba
Cuba: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 84,068 million SLC in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Cuba, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Cuba recorded 84,068 million SLC for gross domestic product — value standard local currency, 2015 prices in 2024.
That represents a change of up 2.6% on the previous year and up 0.8% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Cuba peaked at 91,170 million SLC in 2018 and was at its lowest, 23,121 million SLC, in 1970.
That places Cuba 129th out of 194 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Cuba, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 23,121 million SLC | — |
| 1971 | 25,106 million SLC | +8.6% |
| 1972 | 26,318 million SLC | +4.8% |
| 1973 | 27,222 million SLC | +3.4% |
| 1974 | 27,490 million SLC | +1.0% |
| 1975 | 30,095 million SLC | +9.5% |
| 1976 | 31,728 million SLC | +5.4% |
| 1977 | 34,492 million SLC | +8.7% |
| 1978 | 36,767 million SLC | +6.6% |
| 1979 | 37,167 million SLC | +1.1% |
| 1980 | 35,364 million SLC | -4.8% |
| 1981 | 42,327 million SLC | +19.7% |
| 1982 | 46,102 million SLC | +8.9% |
| 1983 | 48,597 million SLC | +5.4% |
| 1984 | 52,450 million SLC | +7.9% |
| 1985 | 53,288 million SLC | +1.6% |
| 1986 | 53,339 million SLC | +0.1% |
| 1987 | 52,057 million SLC | -2.4% |
| 1988 | 53,986 million SLC | +3.7% |
| 1989 | 54,353 million SLC | +0.7% |
| 1990 | 52,751 million SLC | -2.9% |
| 1991 | 47,110 million SLC | -10.7% |
| 1992 | 41,655 million SLC | -11.6% |
| 1993 | 35,457 million SLC | -14.9% |
| 1994 | 35,711 million SLC | +0.7% |
| 1995 | 36,589 million SLC | +2.5% |
| 1996 | 39,457 million SLC | +7.8% |
| 1997 | 40,552 million SLC | +2.8% |
| 1998 | 40,618 million SLC | +0.2% |
| 1999 | 43,132 million SLC | +6.2% |
| 2000 | 45,684 million SLC | +5.9% |
| 2001 | 47,139 million SLC | +3.2% |
| 2002 | 47,811 million SLC | +1.4% |
| 2003 | 49,624 million SLC | +3.8% |
| 2004 | 52,488 million SLC | +5.8% |
| 2005 | 58,366 million SLC | +11.2% |
| 2006 | 65,410 million SLC | +12.1% |
| 2007 | 70,159 million SLC | +7.3% |
| 2008 | 73,048 million SLC | +4.1% |
| 2009 | 74,108 million SLC | +1.5% |
| 2010 | 75,879 million SLC | +2.4% |
| 2011 | 78,006 million SLC | +2.8% |
| 2012 | 80,357 million SLC | +3.0% |
| 2013 | 82,565 million SLC | +2.7% |
| 2014 | 83,430 million SLC | +1.0% |
| 2015 | 87,133 million SLC | +4.4% |
| 2016 | 87,581 million SLC | +0.5% |
| 2017 | 89,165 million SLC | +1.8% |
| 2018 | 91,170 million SLC | +2.2% |
| 2019 | 91,020 million SLC | -0.2% |
| 2020 | 81,054 million SLC | -10.9% |
| 2021 | 82,071 million SLC | +1.3% |
| 2022 | 83,528 million SLC | +1.8% |
| 2023 | 81,916 million SLC | -1.9% |
| 2024 | 84,068 million SLC | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29,950 million SLC | 23,121 million SLC | 37,167 million SLC | 10 |
| 1980s | 49,186 million SLC | 35,364 million SLC | 54,353 million SLC | 10 |
| 1990s | 41,303 million SLC | 35,457 million SLC | 52,751 million SLC | 10 |
| 2000s | 58,383 million SLC | 45,684 million SLC | 74,108 million SLC | 10 |
| 2010s | 84,631 million SLC | 75,879 million SLC | 91,170 million SLC | 10 |
| 2020s | 82,527 million SLC | 81,054 million SLC | 84,068 million SLC | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Gross capital formation (constant 2015 US$), annual growth rate 3.31 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.0801 constant 2015 US$ per US$ of GDP (2020)
- Gross capital formation (constant 2015 US$), per capita 775.66 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate -26.47 % change on previous year (2020)
- Imports of goods and services (current US$), per unit of GDP 0.0751 current US$ per US$ of GDP (2020)
- Imports of goods and services (current US$), per capita 721.79 current US$ per person (2020)
- Imports of goods and services (current LCU), annual growth rate 43.89 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 0.0751 current LCU per US$ of GDP (2020)
- Imports of goods and services (current LCU), per capita 81,399 current LCU per person (2024)
- Imports of goods and services (constant 2015 US$), annual growth rate -1.34 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Cuba?
- Gross domestic product — value standard local currency, 2015 prices in Cuba was 84,068 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Cuba?
- The highest recorded value was 91,170 million SLC in 2018.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Cuba?
- The lowest recorded value was 23,121 million SLC in 1970.
- How does Cuba rank for gross domestic product — value standard local currency, 2015 prices?
- Cuba ranks 129th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Cuba?
- Over the last ten years it is up 0.8%. The long-run trend across the full record is rising.
- Where does this Cuba data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).