Gross National Income — Annual growth Standard Local Currency in Cuba
Cuba: Gross National Income — Annual growth Standard Local Currency was 37.3 % in 2023. ◆ Volatile
Gross National Income — Annual growth Standard Local Currency in Cuba, 1971–2023
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Cuba recorded 37.3 % for gross national income — annual growth standard local currency in 2023. That is the highest value across all 53 years on record.
That represents a change of up 131.4% on the previous year and up 559.6% over ten years.
Over the whole period, gross national income — annual growth standard local currency in Cuba peaked at 37.3 % in 2023 and was at its lowest, -17.07 %, in 1991.
Cuba ranks 10th of 202 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross National Income — Annual growth Standard Local Currency in Cuba, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 21.46 % | — |
| 1972 | 12.12 % | -43.5% |
| 1973 | 6.8 % | -43.9% |
| 1974 | 12.96 % | +90.7% |
| 1975 | 14.22 % | +9.7% |
| 1976 | 5.98 % | -58.0% |
| 1977 | 4.15 % | -30.6% |
| 1978 | 16.54 % | +298.8% |
| 1979 | 4.06 % | -75.4% |
| 1980 | 0.2711 % | -93.3% |
| 1981 | 16.64 % | +6037.6% |
| 1982 | 6.48 % | -61.0% |
| 1983 | 7.14 % | +10.1% |
| 1984 | 10.78 % | +51.0% |
| 1985 | -0.736 % | -106.8% |
| 1986 | -3.82 % | +419.3% |
| 1987 | -1.81 % | -52.7% |
| 1988 | 5.29 % | -392.6% |
| 1989 | 1.44 % | -72.7% |
| 1990 | 1.57 % | +8.8% |
| 1991 | -17.07 % | -1185.6% |
| 1992 | -7.9 % | -53.7% |
| 1993 | 1.2 % | -115.2% |
| 1994 | 27.14 % | +2159.8% |
| 1995 | 12.48 % | -54.0% |
| 1996 | 5.23 % | -58.1% |
| 1997 | 1.46 % | -72.1% |
| 1998 | 1.63 % | +11.5% |
| 1999 | 10.13 % | +522.1% |
| 2000 | 7.51 % | -25.8% |
| 2001 | 4.13 % | -45.1% |
| 2002 | 6.1 % | +47.8% |
| 2003 | 6.82 % | +11.8% |
| 2004 | 6.26 % | -8.3% |
| 2005 | 11.87 % | +89.6% |
| 2006 | 24.07 % | +102.8% |
| 2007 | 10.59 % | -56.0% |
| 2008 | 3.66 % | -65.5% |
| 2009 | 1.15 % | -68.6% |
| 2010 | 4.07 % | +254.4% |
| 2011 | 8 % | +96.6% |
| 2012 | 6.21 % | -22.3% |
| 2013 | 5.66 % | -9.0% |
| 2014 | 4.43 % | -21.7% |
| 2015 | 8.06 % | +81.9% |
| 2016 | 4.73 % | -41.2% |
| 2017 | 6.01 % | +26.9% |
| 2018 | 3.22 % | -46.3% |
| 2019 | 2.98 % | -7.5% |
| 2020 | 3.97 % | +33.0% |
| 2021 | 18.02 % | +354.1% |
| 2022 | 16.12 % | -10.5% |
| 2023 | 37.3 % | +131.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.92 % | 4.06 % | 21.46 % | 9 |
| 1980s | 4.17 % | -3.82 % | 16.64 % | 10 |
| 1990s | 3.59 % | -17.07 % | 27.14 % | 10 |
| 2000s | 8.22 % | 1.15 % | 24.07 % | 10 |
| 2010s | 5.34 % | 2.98 % | 8.06 % | 10 |
| 2020s | 18.85 % | 3.97 % | 37.3 % | 4 |
Countries ranked near Cuba
- 7 South Sudan 54.9 % compare
- 8 Ethiopia 41.95 % compare
- 9 Ghana 41.88 % compare
- 10 Viet Nam 7.05 % compare
- 11 Sierra Leone 36.59 % compare
- 12 Cook Islands 30.5 % compare
- 13 Haiti 28.94 % compare
- 13 Timor-Leste -20.34 % compare
More economy & growth data for Cuba
- Imports of goods and services (constant 2015 US$), annual growth rate -1.34 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.0908 constant 2015 US$ per US$ of GDP (2020)
- Imports of goods and services (constant 2015 US$), per capita 742.25 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth -57.73 % change on previous year (2020)
- External balance on goods and services (current LCU), annual growth -78.36 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual 15.36 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0276 current LCU per US$ of GDP (2020)
- Agriculture, forestry, and fishing, value added (current LCU), per 1,225 current LCU per person (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -20.53 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0229 constant 2015 US$ per US$ of GDP (2020)
Frequently asked questions
- What is gross national income — annual growth standard local currency in Cuba?
- Gross national income — annual growth standard local currency in Cuba was 37.3 % in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — annual growth standard local currency recorded in Cuba?
- The highest recorded value was 37.3 % in 2023.
- What is the lowest gross national income — annual growth standard local currency recorded in Cuba?
- The lowest recorded value was -17.07 % in 1991.
- How does Cuba rank for gross national income — annual growth standard local currency?
- Cuba ranks 10th out of 202 countries with data for 2023.
- Is gross national income — annual growth standard local currency rising or falling in Cuba?
- Over the last ten years it is up 559.6%. 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 National Income — Annual growth Standard Local Currency. 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).