Inflation, GDP deflator (annual %) in Cuba
Cuba: Inflation, GDP deflator was 32.2% in 2024. ◆ Volatile
Inflation, GDP deflator in Cuba, 1971–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
In 2024, inflation, gdp deflator in Cuba stood at 32.2%.
Compared with earlier readings it is down 4.0% on the previous year and up 830.3% over ten years.
Over the whole period, inflation, gdp deflator in Cuba peaked at 401.6% in 2021 and was at its lowest, -7.4%, in 1991.
Cuba ranks 9th of 214 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator in Cuba, year by year
| Year | annual % | Change |
|---|---|---|
| 1971 | 11.9% | — |
| 1972 | 7.0% | -41.3% |
| 1973 | 3.3% | -53.3% |
| 1974 | 11.9% | +264.7% |
| 1975 | 4.3% | -63.5% |
| 1976 | 0.5% | -87.9% |
| 1977 | -4.2% | -901.6% |
| 1978 | 9.3% | -322.3% |
| 1979 | 2.9% | -68.6% |
| 1980 | 5.4% | +84.3% |
| 1981 | -2.5% | -147.0% |
| 1982 | -2.2% | -12.2% |
| 1983 | 1.6% | -171.7% |
| 1984 | 2.6% | +61.9% |
| 1985 | -2.2% | -183.5% |
| 1986 | -3.9% | +81.4% |
| 1987 | 0.6% | -115.6% |
| 1988 | 1.2% | +102.0% |
| 1989 | 0.6% | -49.3% |
| 1990 | 5.3% | +742.0% |
| 1991 | -7.4% | -240.4% |
| 1992 | 3.7% | -150.7% |
| 1993 | 19.0% | +406.6% |
| 1994 | 26.3% | +38.5% |
| 1995 | 10.5% | -60.0% |
| 1996 | -2.7% | -125.4% |
| 1997 | -1.4% | -49.4% |
| 1998 | 1.3% | -196.0% |
| 1999 | 3.8% | +191.7% |
| 2000 | 1.7% | -54.0% |
| 2001 | 0.5% | -73.9% |
| 2002 | 4.5% | +896.4% |
| 2003 | 3.0% | -34.4% |
| 2004 | 0.6% | -79.6% |
| 2005 | 0.4% | -37.3% |
| 2006 | 10.4% | +2627.2% |
| 2007 | 3.6% | -65.4% |
| 2008 | -0.3% | -109.6% |
| 2009 | 0.6% | -284.1% |
| 2010 | 1.2% | +89.5% |
| 2011 | 4.3% | +259.7% |
| 2012 | 2.9% | -32.6% |
| 2013 | 2.7% | -8.8% |
| 2014 | 3.5% | +30.3% |
| 2015 | 3.4% | -0.7% |
| 2016 | 4.3% | +25.9% |
| 2017 | 4.1% | -5.0% |
| 2018 | 1.0% | -74.9% |
| 2019 | 3.5% | +243.4% |
| 2020 | 16.6% | +367.1% |
| 2021 | 401.6% | +2325.5% |
| 2022 | 14.1% | -96.5% |
| 2023 | 33.6% | +138.1% |
| 2024 | 32.2% | -4.0% |
Cuba compared with similar countries
- Cuba's 32.2% is above the median for upper middle income countries, which is 3.3%, 9.7× the median. (59 countries reporting)
- Cuba's 32.2% is above the median for Latin America & Caribbean, which is 3.4%, 9.6× the median. (40 countries reporting)
Biggest year-on-year movements
Years where Inflation, GDP deflator 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 |
|---|---|---|---|
| 2006 | +2627.2% | 0.4% | 10.4% |
| 2021 | +2325.5% | 16.6% | 401.6% |
| 1977 | -901.6% | 0.5% | -4.2% |
| 2002 | +896.4% | 0.5% | 4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.2% | -4.2% | 11.9% | 9 |
| 1980s | 0.1% | -3.9% | 5.4% | 10 |
| 1990s | 5.8% | -7.4% | 26.3% | 10 |
| 2000s | 2.5% | -0.3% | 10.4% | 10 |
| 2010s | 3.1% | 1.0% | 4.3% | 10 |
| 2020s | 99.6% | 14.1% | 401.6% | 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 inflation, gdp deflator in Cuba?
- Inflation, gdp deflator in Cuba was 32.2% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Cuba?
- The highest recorded value was 401.6% in 2021.
- What is the lowest inflation, gdp deflator recorded in Cuba?
- The lowest recorded value was -7.4% in 1991.
- How does Cuba rank for inflation, gdp deflator?
- Cuba ranks 9th out of 214 countries with data for 2024.
- Is inflation, gdp deflator rising or falling in Cuba?
- Over the last ten years it is up 830.3%. The long-run trend across the full record is volatile.
- Where does this Cuba data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.