Gross Domestic Product — Value US$, annual growth rate in Cuba
Cuba: Gross Domestic Product — Value US$, annual growth rate was 8.51 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Cuba, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Cuba recorded 8.51 % change on previous year for gross domestic product — value us$, annual growth rate in 2024.
The figure is down 77.2% on the previous year and up 87.2% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Cuba peaked at 37.3 % change on previous year in 2023 and was at its lowest, -17.78 % change on previous year, in 1996.
That places Cuba 54th out of 236 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in Cuba, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 21.46 % change on previous year | — |
| 1972 | 17.65 % change on previous year | -17.7% |
| 1973 | 22.77 % change on previous year | +29.0% |
| 1974 | 14.2 % change on previous year | -37.6% |
| 1975 | 14.22 % change on previous year | +0.1% |
| 1976 | 5.85 % change on previous year | -58.9% |
| 1977 | 3.02 % change on previous year | -48.4% |
| 1978 | 25.61 % change on previous year | +747.8% |
| 1979 | 9.75 % change on previous year | -61.9% |
| 1980 | 1.68 % change on previous year | -82.8% |
| 1981 | 1.19 % change on previous year | -29.0% |
| 1982 | 3.99 % change on previous year | +234.5% |
| 1983 | 5.98 % change on previous year | +49.9% |
| 1984 | 8.26 % change on previous year | +38.2% |
| 1985 | -4.65 % change on previous year | -156.3% |
| 1986 | 5.69 % change on previous year | -222.4% |
| 1987 | 4.08 % change on previous year | -28.4% |
| 1988 | 8.91 % change on previous year | +118.5% |
| 1989 | -1.58 % change on previous year | -117.7% |
| 1990 | 6 % change on previous year | -479.5% |
| 1991 | -15.11 % change on previous year | -352.0% |
| 1992 | -9.18 % change on previous year | -39.2% |
| 1993 | 1.27 % change on previous year | -113.9% |
| 1994 | 27.19 % change on previous year | +2033.8% |
| 1995 | 6.96 % change on previous year | -74.4% |
| 1996 | -17.78 % change on previous year | -355.5% |
| 1997 | 1.39 % change on previous year | -107.8% |
| 1998 | 1.47 % change on previous year | +5.6% |
| 1999 | 10.21 % change on previous year | +595.9% |
| 2000 | 7.76 % change on previous year | -24.0% |
| 2001 | 3.65 % change on previous year | -52.9% |
| 2002 | 6.02 % change on previous year | +64.9% |
| 2003 | 6.88 % change on previous year | +14.2% |
| 2004 | 6.41 % change on previous year | -6.8% |
| 2005 | 11.62 % change on previous year | +81.2% |
| 2006 | 23.68 % change on previous year | +103.8% |
| 2007 | 11.11 % change on previous year | -53.1% |
| 2008 | 3.76 % change on previous year | -66.2% |
| 2009 | 2.09 % change on previous year | -44.3% |
| 2010 | 3.62 % change on previous year | +72.9% |
| 2011 | 8.06 % change on previous year | +122.5% |
| 2012 | 5.22 % change on previous year | -35.2% |
| 2013 | 5.48 % change on previous year | +4.9% |
| 2014 | 4.55 % change on previous year | -17.0% |
| 2015 | 8.12 % change on previous year | +78.6% |
| 2016 | 4.78 % change on previous year | -41.2% |
| 2017 | 6 % change on previous year | +25.6% |
| 2018 | 3.3 % change on previous year | -44.9% |
| 2019 | 3.38 % change on previous year | +2.2% |
| 2020 | 3.79 % change on previous year | +12.4% |
| 2021 | 18.02 % change on previous year | +374.9% |
| 2022 | 16.12 % change on previous year | -10.5% |
| 2023 | 37.3 % change on previous year | +131.4% |
| 2024 | 8.51 % change on previous year | -77.2% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in Cuba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +2033.8% | 1.27 % change on previous year | 27.19 % change on previous year |
| 1978 | +747.8% | 3.02 % change on previous year | 25.61 % change on previous year |
| 1999 | +595.9% | 1.47 % change on previous year | 10.21 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.95 % change on previous year | 3.02 % change on previous year | 25.61 % change on previous year | 9 |
| 1980s | 3.35 % change on previous year | -4.65 % change on previous year | 8.91 % change on previous year | 10 |
| 1990s | 1.24 % change on previous year | -17.78 % change on previous year | 27.19 % change on previous year | 10 |
| 2000s | 8.3 % change on previous year | 2.09 % change on previous year | 23.68 % change on previous year | 10 |
| 2010s | 5.25 % change on previous year | 3.3 % change on previous year | 8.12 % change on previous year | 10 |
| 2020s | 16.75 % change on previous year | 3.79 % change on previous year | 37.3 % change on previous year | 5 |
Countries ranked near Cuba
- 51 Cabo Verde 8.99 % change on previous year compare
- 52 Cote d'Ivoire 8.69 % change on previous year compare
- 52 Côte d'Ivoire 8.69 % change on previous year compare
- 55 India 8.49 % change on previous year compare
- 56 Guatemala 8.46 % change on previous year compare
- 57 Aruba 8.31 % change on previous year compare
More economy & growth data for Cuba
- General government final consumption expenditure (current US$) 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$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Cuba?
- Gross domestic product — value us$, annual growth rate in Cuba was 8.51 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Cuba?
- The highest recorded value was 37.3 % change on previous year in 2023.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Cuba?
- The lowest recorded value was -17.78 % change on previous year in 1996.
- How does Cuba rank for gross domestic product — value us$, annual growth rate?
- Cuba ranks 54th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Cuba?
- Over the last ten years it is up 87.2%. The long-run trend across the full record is volatile.
- Where does this Cuba data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ Food and Agriculture Organization of the United Nations
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 — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.