Merchandise trade as a proportion of GDP (%) in Cuba
Cuba: Merchandise trade as a proportion of GDP (%) was 8.3% in 2020. ▼ Falling
Merchandise trade as a proportion of GDP in Cuba, 2000–2020
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2020, merchandise trade as a proportion of gdp in Cuba stood at 8.3%. That is the lowest value across all 21 years on record.
That represents a change of down 28.1% on the previous year and down 69.8% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Cuba peaked at 34.3% in 2008 and was at its lowest, 8.3%, in 2020.
Cuba ranks 220th of 220 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Merchandise trade as a proportion of GDP (%) in Cuba, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 21.3% | — |
| 2001 | 20.5% | -3.8% |
| 2002 | 16.7% | -18.8% |
| 2003 | 17.7% | +6.3% |
| 2004 | 20.8% | +17.4% |
| 2005 | 24.4% | +17.3% |
| 2006 | 27.5% | +12.6% |
| 2007 | 27.4% | -0.3% |
| 2008 | 34.3% | +25.3% |
| 2009 | 22.1% | -35.6% |
| 2010 | 27.6% | +24.6% |
| 2011 | 30.0% | +8.8% |
| 2012 | 27.0% | -9.8% |
| 2013 | 25.9% | -4.1% |
| 2014 | 22.2% | -14.4% |
| 2015 | 17.3% | -22.1% |
| 2016 | 13.8% | -20.3% |
| 2017 | 13.0% | -5.8% |
| 2018 | 13.9% | +6.7% |
| 2019 | 11.6% | -16.5% |
| 2020 | 8.3% | -28.1% |
Cuba compared with similar countries
- Cuba's 8.3% is below the median for upper middle income countries, which is 56.9%, 15% of the median. (55 countries reporting)
- Cuba's 8.3% is below the median for Latin America & Caribbean, which is 43.3%, 19% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.3% | 16.7% | 34.3% | 10 |
| 2010s | 20.2% | 11.6% | 30.0% | 10 |
| 2020s | 8.3% | 8.3% | 8.3% | 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 merchandise trade as a proportion of gdp in Cuba?
- Merchandise trade as a proportion of gdp in Cuba was 8.3% in 2020, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Cuba?
- The highest recorded value was 34.3% in 2008.
- What is the lowest merchandise trade as a proportion of gdp recorded in Cuba?
- The lowest recorded value was 8.3% in 2020.
- How does Cuba rank for merchandise trade as a proportion of gdp?
- Cuba ranks 220th out of 220 countries with data for 2020.
- Is merchandise trade as a proportion of gdp rising or falling in Cuba?
- Over the last ten years it is down 69.8%. The long-run trend across the full record is falling.
- Where does this Cuba data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under UN SDG Global Database (open, attribution requested).