Gross Domestic Product — Value Standard Local Currency in Cuba
Cuba: Gross Domestic Product — Value Standard Local Currency was 219,180 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Cuba, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross domestic product — value standard local currency in Cuba is 219,180 million SLC, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 8.5% on the previous year and up 171.7% over ten years.
Over the whole period, gross domestic product — value standard local currency in Cuba peaked at 219,180 million SLC in 2024 and was at its lowest, 5,693 million SLC, in 1970.
Cuba ranks 139th of 218 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Cuba, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 5,693 million SLC | — |
| 1971 | 6,915 million SLC | +21.5% |
| 1972 | 7,753 million SLC | +12.1% |
| 1973 | 8,280 million SLC | +6.8% |
| 1974 | 9,353 million SLC | +13.0% |
| 1975 | 10,682 million SLC | +14.2% |
| 1976 | 11,321 million SLC | +6.0% |
| 1977 | 11,791 million SLC | +4.2% |
| 1978 | 13,740 million SLC | +16.5% |
| 1979 | 14,296 million SLC | +4.0% |
| 1980 | 14,337 million SLC | +0.3% |
| 1981 | 16,724 million SLC | +16.7% |
| 1982 | 17,810 million SLC | +6.5% |
| 1983 | 19,074 million SLC | +7.1% |
| 1984 | 21,118 million SLC | +10.7% |
| 1985 | 20,993 million SLC | -0.6% |
| 1986 | 20,190 million SLC | -3.8% |
| 1987 | 19,826 million SLC | -1.8% |
| 1988 | 20,814 million SLC | +5.0% |
| 1989 | 21,086 million SLC | +1.3% |
| 1990 | 21,541 million SLC | +2.2% |
| 1991 | 17,816 million SLC | -17.3% |
| 1992 | 16,343 million SLC | -8.3% |
| 1993 | 16,552 million SLC | +1.3% |
| 1994 | 21,052 million SLC | +27.2% |
| 1995 | 23,835 million SLC | +13.2% |
| 1996 | 25,017 million SLC | +5.0% |
| 1997 | 25,364 million SLC | +1.4% |
| 1998 | 25,737 million SLC | +1.5% |
| 1999 | 28,365 million SLC | +10.2% |
| 2000 | 30,566 million SLC | +7.8% |
| 2001 | 31,682 million SLC | +3.7% |
| 2002 | 33,590 million SLC | +6.0% |
| 2003 | 35,901 million SLC | +6.9% |
| 2004 | 38,203 million SLC | +6.4% |
| 2005 | 42,644 million SLC | +11.6% |
| 2006 | 52,743 million SLC | +23.7% |
| 2007 | 58,604 million SLC | +11.1% |
| 2008 | 60,806 million SLC | +3.8% |
| 2009 | 62,080 million SLC | +2.1% |
| 2010 | 64,328 million SLC | +3.6% |
| 2011 | 68,990 million SLC | +7.2% |
| 2012 | 73,141 million SLC | +6.0% |
| 2013 | 77,148 million SLC | +5.5% |
| 2014 | 80,656 million SLC | +4.5% |
| 2015 | 87,133 million SLC | +8.0% |
| 2016 | 91,370 million SLC | +4.9% |
| 2017 | 96,851 million SLC | +6.0% |
| 2018 | 100,050 million SLC | +3.3% |
| 2019 | 103,428 million SLC | +3.4% |
| 2020 | 107,352 million SLC | +3.8% |
| 2021 | 126,694 million SLC | +18.0% |
| 2022 | 147,113 million SLC | +16.1% |
| 2023 | 201,986 million SLC | +37.3% |
| 2024 | 219,180 million SLC | +8.5% |
Cuba compared with similar countries
- Cuba's 219,180 million SLC is below the median for upper middle income countries, which is 913,929 million SLC, 24% of the median. (54 countries reporting)
- Cuba's 219,180 million SLC is above the median for Latin America & Caribbean, which is 147,748 million SLC, 1.5× the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9,982 million SLC | 5,693 million SLC | 14,296 million SLC | 10 |
| 1980s | 19,197 million SLC | 14,337 million SLC | 21,118 million SLC | 10 |
| 1990s | 22,162 million SLC | 16,343 million SLC | 28,365 million SLC | 10 |
| 2000s | 44,682 million SLC | 30,566 million SLC | 62,080 million SLC | 10 |
| 2010s | 84,310 million SLC | 64,328 million SLC | 103,428 million SLC | 10 |
| 2020s | 160,465 million SLC | 107,352 million SLC | 219,180 million SLC | 5 |
Countries ranked near Cuba
- 136 Yugoslav SFR 235,395 million SLC compare
- 137 Turkmenistan 222,090 million SLC compare
- 138 Libya 220,026 million SLC compare
- 140 Bulgaria 202,861 million SLC compare
- 141 Trinidad and Tobago 178,372 million SLC compare
- 142 Sierra Leone 170,484 million SLC 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 — value standard local currency in Cuba?
- Gross domestic product — value standard local currency in Cuba was 219,180 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 recorded in Cuba?
- The highest recorded value was 219,180 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Cuba?
- The lowest recorded value was 5,693 million SLC in 1970.
- How does Cuba rank for gross domestic product — value standard local currency?
- Cuba ranks 139th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Cuba?
- Over the last ten years it is up 171.7%. The long-run trend across the full record is volatile.
- 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. 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).