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 54th out of 200 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.
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
- External balance on goods and services as a percent of gdp -39.92 (2024)
- Gdp per capita worldbank constant usd 7,381 (2024)
- Manufacturing value added to gdp 10.68 (2024)
- Gdp worldbank constant usd 81.05 billion (2024)
- Gdp per capita in international and market dollars 7,381 (2024)
- DEC alternative conversion factor 1 LCU per US$ (2020)
- Net secondary income (Net current transfers from abroad) 1.89 billion current LCU (2019)
- Net secondary income (Net current transfers from abroad) 1.89 billion current US$ (2019)
- Taxes less subsidies on products 16.49 billion current LCU (2024)
- Taxes less subsidies on products 762.00 million current US$ (2020)
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$?
- Cuba ranks 54th out of 200 countries with data for 2024.
- Is gross domestic product — value us$ 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.
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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).