Gross Domestic Product — Value US$ in Cuba
Cuba: Gross Domestic Product — Value US$ was 219,180 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ 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$ in Cuba is 219,180 million USD, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 8.5% on the previous year and up 171.7% over ten years.
Over the whole period, gross domestic product — value us$ in Cuba peaked at 219,180 million USD in 2024 and was at its lowest, 5,693 million USD, in 1970.
That places Cuba 63rd out of 236 countries with data for 2024, putting it 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 US$ in Cuba, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 5,693 million USD | — |
| 1971 | 6,915 million USD | +21.5% |
| 1972 | 8,135 million USD | +17.7% |
| 1973 | 9,988 million USD | +22.8% |
| 1974 | 11,406 million USD | +14.2% |
| 1975 | 13,027 million USD | +14.2% |
| 1976 | 13,789 million USD | +5.9% |
| 1977 | 14,206 million USD | +3.0% |
| 1978 | 17,844 million USD | +25.6% |
| 1979 | 19,584 million USD | +9.7% |
| 1980 | 19,913 million USD | +1.7% |
| 1981 | 20,150 million USD | +1.2% |
| 1982 | 20,953 million USD | +4.0% |
| 1983 | 22,205 million USD | +6.0% |
| 1984 | 24,039 million USD | +8.3% |
| 1985 | 22,921 million USD | -4.7% |
| 1986 | 24,226 million USD | +5.7% |
| 1987 | 25,213 million USD | +4.1% |
| 1988 | 27,459 million USD | +8.9% |
| 1989 | 27,025 million USD | -1.6% |
| 1990 | 28,645 million USD | +6.0% |
| 1991 | 24,318 million USD | -15.1% |
| 1992 | 22,086 million USD | -9.2% |
| 1993 | 22,367 million USD | +1.3% |
| 1994 | 28,448 million USD | +27.2% |
| 1995 | 30,428 million USD | +7.0% |
| 1996 | 25,017 million USD | -17.8% |
| 1997 | 25,364 million USD | +1.4% |
| 1998 | 25,737 million USD | +1.5% |
| 1999 | 28,365 million USD | +10.2% |
| 2000 | 30,566 million USD | +7.8% |
| 2001 | 31,682 million USD | +3.7% |
| 2002 | 33,590 million USD | +6.0% |
| 2003 | 35,901 million USD | +6.9% |
| 2004 | 38,203 million USD | +6.4% |
| 2005 | 42,644 million USD | +11.6% |
| 2006 | 52,743 million USD | +23.7% |
| 2007 | 58,604 million USD | +11.1% |
| 2008 | 60,806 million USD | +3.8% |
| 2009 | 62,080 million USD | +2.1% |
| 2010 | 64,328 million USD | +3.6% |
| 2011 | 69,511 million USD | +8.1% |
| 2012 | 73,141 million USD | +5.2% |
| 2013 | 77,148 million USD | +5.5% |
| 2014 | 80,656 million USD | +4.5% |
| 2015 | 87,206 million USD | +8.1% |
| 2016 | 91,370 million USD | +4.8% |
| 2017 | 96,851 million USD | +6.0% |
| 2018 | 100,050 million USD | +3.3% |
| 2019 | 103,428 million USD | +3.4% |
| 2020 | 107,352 million USD | +3.8% |
| 2021 | 126,694 million USD | +18.0% |
| 2022 | 147,113 million USD | +16.1% |
| 2023 | 201,986 million USD | +37.3% |
| 2024 | 219,180 million USD | +8.5% |
Cuba compared with similar countries
- Cuba's 219,180 million USD is above the median for upper middle income countries, which is 44,912 million USD, 4.9× the median. (54 countries reporting)
- Cuba's 219,180 million USD is above the median for Latin America & Caribbean, which is 24,901 million USD, 8.8× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$ 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 |
|---|---|---|---|
| 2023 | +37.3% | 147,113 million USD | 201,986 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12,059 million USD | 5,693 million USD | 19,584 million USD | 10 |
| 1980s | 23,410 million USD | 19,913 million USD | 27,459 million USD | 10 |
| 1990s | 26,077 million USD | 22,086 million USD | 30,428 million USD | 10 |
| 2000s | 44,682 million USD | 30,566 million USD | 62,080 million USD | 10 |
| 2010s | 84,369 million USD | 64,328 million USD | 103,428 million USD | 10 |
| 2020s | 160,465 million USD | 107,352 million USD | 219,180 million USD | 5 |
Countries ranked near Cuba
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 — value us$ in Cuba?
- Gross domestic product — value us$ in Cuba was 219,180 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Cuba?
- The highest recorded value was 219,180 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Cuba?
- The lowest recorded value was 5,693 million USD in 1970.
- How does Cuba rank for gross domestic product — value us$?
- Cuba ranks 63rd out of 236 countries with data for 2024.
- Is gross domestic product — value us$ 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 US$. 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).