Gross Domestic Product — Value US$, 2015 prices in Cuba
Cuba: Gross Domestic Product — Value US$, 2015 prices was 84,138 million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Cuba, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices in Cuba is 84,138 million USD, measured 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 us$, 2015 prices in Cuba peaked at 91,246 million USD in 2018 and was at its lowest, 23,141 million USD, in 1970.
Cuba ranks 69th of 203 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Cuba, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 23,141 million USD | — |
| 1971 | 25,127 million USD | +8.6% |
| 1972 | 26,340 million USD | +4.8% |
| 1973 | 27,244 million USD | +3.4% |
| 1974 | 27,513 million USD | +1.0% |
| 1975 | 30,120 million USD | +9.5% |
| 1976 | 31,755 million USD | +5.4% |
| 1977 | 34,520 million USD | +8.7% |
| 1978 | 36,797 million USD | +6.6% |
| 1979 | 37,198 million USD | +1.1% |
| 1980 | 35,394 million USD | -4.8% |
| 1981 | 42,362 million USD | +19.7% |
| 1982 | 46,140 million USD | +8.9% |
| 1983 | 48,637 million USD | +5.4% |
| 1984 | 52,494 million USD | +7.9% |
| 1985 | 53,332 million USD | +1.6% |
| 1986 | 53,383 million USD | +0.1% |
| 1987 | 52,101 million USD | -2.4% |
| 1988 | 54,031 million USD | +3.7% |
| 1989 | 54,399 million USD | +0.7% |
| 1990 | 52,795 million USD | -2.9% |
| 1991 | 47,150 million USD | -10.7% |
| 1992 | 41,689 million USD | -11.6% |
| 1993 | 35,487 million USD | -14.9% |
| 1994 | 35,741 million USD | +0.7% |
| 1995 | 36,619 million USD | +2.5% |
| 1996 | 39,490 million USD | +7.8% |
| 1997 | 40,586 million USD | +2.8% |
| 1998 | 40,651 million USD | +0.2% |
| 1999 | 43,168 million USD | +6.2% |
| 2000 | 45,722 million USD | +5.9% |
| 2001 | 47,178 million USD | +3.2% |
| 2002 | 47,850 million USD | +1.4% |
| 2003 | 49,666 million USD | +3.8% |
| 2004 | 52,531 million USD | +5.8% |
| 2005 | 58,415 million USD | +11.2% |
| 2006 | 65,464 million USD | +12.1% |
| 2007 | 70,217 million USD | +7.3% |
| 2008 | 73,109 million USD | +4.1% |
| 2009 | 74,170 million USD | +1.5% |
| 2010 | 75,942 million USD | +2.4% |
| 2011 | 78,071 million USD | +2.8% |
| 2012 | 80,424 million USD | +3.0% |
| 2013 | 82,634 million USD | +2.7% |
| 2014 | 83,500 million USD | +1.0% |
| 2015 | 87,206 million USD | +4.4% |
| 2016 | 87,654 million USD | +0.5% |
| 2017 | 89,239 million USD | +1.8% |
| 2018 | 91,246 million USD | +2.2% |
| 2019 | 91,096 million USD | -0.2% |
| 2020 | 81,122 million USD | -10.9% |
| 2021 | 82,139 million USD | +1.3% |
| 2022 | 83,597 million USD | +1.8% |
| 2023 | 81,985 million USD | -1.9% |
| 2024 | 84,138 million USD | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29,975 million USD | 23,141 million USD | 37,198 million USD | 10 |
| 1980s | 49,227 million USD | 35,394 million USD | 54,399 million USD | 10 |
| 1990s | 41,338 million USD | 35,487 million USD | 52,795 million USD | 10 |
| 2000s | 58,432 million USD | 45,722 million USD | 74,170 million USD | 10 |
| 2010s | 84,701 million USD | 75,942 million USD | 91,246 million USD | 10 |
| 2020s | 82,596 million USD | 81,122 million USD | 84,138 million USD | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Gross domestic savings (current US$), annual growth rate -16.59 % change on previous year (2020)
- Gross domestic savings (current US$), per unit of GDP 0.1053 current US$ per US$ of GDP (2020)
- Gross domestic savings (current US$), per capita 1,011 current US$ per person (2020)
- Gross domestic savings (current LCU), annual growth rate -161.38 % change on previous year (2024)
- Gross domestic savings (current LCU), per unit of GDP 0.1053 current LCU per US$ of GDP (2020)
- Gross domestic savings (current LCU), per capita -15,519 current LCU per person (2024)
- GNI, Atlas method (current US$), annual growth rate 3.2 % change on previous year (2019)
- GNI, Atlas method (current US$), per unit of GDP 0.9759 current US$ per US$ of GDP (2019)
- GNI, Atlas method (current US$), per capita 9,010 current US$ per person (2019)
- GNI (current US$), annual growth rate 3.35 % change on previous year (2019)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Cuba?
- Gross domestic product — value us$, 2015 prices in Cuba was 84,138 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Cuba?
- The highest recorded value was 91,246 million USD in 2018.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Cuba?
- The lowest recorded value was 23,141 million USD in 1970.
- How does Cuba rank for gross domestic product — value us$, 2015 prices?
- Cuba ranks 69th out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Cuba?
- Over the last ten years it is up 0.8%. The long-run trend across the full record is rising.
- Where does this Cuba data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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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).