Value of imported goods as a share of GDP (International Monetary) in Cuba
Cuba: Value of imported goods as a share of GDP (International Monetary) was 6.7% in 2020. ▲ Rising
Value of imported goods as a share of GDP in Cuba, 1981–2020
Source: International Monetary Fund (2026); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data. Measured in %.
Analysis
In 2020, value of imported goods as a share of gdp in Cuba stood at 6.7%.
Compared with earlier readings it is down 29.6% on the previous year and down 56.8% over ten years.
Over the whole period, value of imported goods as a share of gdp in Cuba peaked at 23.7% in 2008 and was at its lowest, 6.5%, in 1994.
Cuba ranks 201st of 201 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 40 years of available data.
Value of imported goods as a share of GDP (International Monetary) in Cuba, year by year
| Year | % | Change |
|---|---|---|
| 1981 | 10.3% | — |
| 1982 | 7.9% | -23.2% |
| 1983 | 7.8% | -2.0% |
| 1984 | 10.2% | +31.8% |
| 1985 | 13.7% | +34.3% |
| 1986 | 11.0% | -19.9% |
| 1987 | 8.2% | -25.7% |
| 1988 | 10.5% | +29.0% |
| 1989 | 11.4% | +7.7% |
| 1990 | 10.1% | -10.7% |
| 1991 | 9.5% | -6.1% |
| 1992 | 6.7% | -29.9% |
| 1993 | 6.7% | +0.9% |
| 1994 | 6.5% | -4.2% |
| 1995 | 8.5% | +31.3% |
| 1996 | 11.9% | +40.9% |
| 1997 | 9.7% | -18.4% |
| 1998 | 11.6% | +18.7% |
| 1999 | 10.2% | -11.8% |
| 2000 | 15.8% | +55.0% |
| 2001 | 15.0% | -5.3% |
| 2002 | 12.4% | -17.1% |
| 2003 | 13.0% | +4.5% |
| 2004 | 14.7% | +13.0% |
| 2005 | 18.9% | +29.1% |
| 2006 | 18.6% | -1.8% |
| 2007 | 19.4% | +4.3% |
| 2008 | 23.7% | +22.4% |
| 2009 | 14.5% | -38.8% |
| 2010 | 15.5% | +6.8% |
| 2011 | 15.6% | +0.4% |
| 2012 | 15.2% | -2.1% |
| 2013 | 15.3% | +0.1% |
| 2014 | 12.6% | -17.4% |
| 2015 | 13.0% | +3.5% |
| 2016 | 11.1% | -14.7% |
| 2017 | 10.4% | -6.4% |
| 2018 | 11.4% | +9.5% |
| 2019 | 9.5% | -16.5% |
| 2020 | 6.7% | -29.6% |
Cuba compared with similar countries
- Cuba's 6.7% is below the median for upper middle income countries, which is 38.0%, 18% of the median. (58 countries reporting)
- Cuba's 6.7% is below the median for Latin America & Caribbean, which is 29.0%, 23% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 10.1% | 7.8% | 13.7% | 9 |
| 1990s | 9.1% | 6.5% | 11.9% | 10 |
| 2000s | 16.6% | 12.4% | 23.7% | 10 |
| 2010s | 13.0% | 9.5% | 15.6% | 10 |
| 2020s | 6.7% | 6.7% | 6.7% | 1 |
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 value of imported goods as a share of gdp in Cuba?
- Value of imported goods as a share of gdp in Cuba was 6.7% in 2020, according to International Monetary Fund (2026); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data.
- What is the highest value of imported goods as a share of gdp recorded in Cuba?
- The highest recorded value was 23.7% in 2008.
- What is the lowest value of imported goods as a share of gdp recorded in Cuba?
- The lowest recorded value was 6.5% in 1994.
- How does Cuba rank for value of imported goods as a share of gdp?
- Cuba ranks 201st out of 201 countries with data for 2020.
- Is value of imported goods as a share of gdp rising or falling in Cuba?
- Over the last ten years it is down 56.8%. The long-run trend across the full record is rising.
- Where does this Cuba data come from?
- The figures come from International Monetary Fund (2026); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data, published as part of Value of imported goods as a share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 40 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Value of a country’s total goods imports, including freight and insurance costs, as a percentage of a country’s gross domestic product (GDP).