Net primary income (Net income from abroad) (current US$) (US current) in Cuba
Cuba: Net primary income (Net income from abroad) (current US$) (US current) was -1.55 billion current US$ in 2019. ◆ Volatile
Net primary income (Net income from abroad) in Cuba, 1970–2019
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Cuba recorded -1.55 billion current US$ for net primary income (net income from abroad) in 2019. That is the lowest value across all 50 years on record.
The figure is down 5.4% on the previous year and down 2.1% over ten years.
Over the whole period, net primary income (net income from abroad) in Cuba peaked at -109.00 million current US$ in 1970 and was at its lowest, -1.55 billion current US$, in 2019.
That places Cuba 131st out of 209 countries with data for 2019, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net primary income (Net income from abroad) (current US$) (US current) in Cuba, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | -109.00 million current US$ | — |
| 1971 | -132.40 million current US$ | +21.5% |
| 1972 | -155.83 million current US$ | +17.7% |
| 1973 | -191.31 million current US$ | +22.8% |
| 1974 | -218.24 million current US$ | +14.1% |
| 1975 | -249.31 million current US$ | +14.2% |
| 1976 | -264.19 million current US$ | +6.0% |
| 1977 | -272.63 million current US$ | +3.2% |
| 1978 | -341.77 million current US$ | +25.4% |
| 1979 | -372.67 million current US$ | +9.0% |
| 1980 | -381.48 million current US$ | +2.4% |
| 1981 | -388.18 million current US$ | +1.8% |
| 1982 | -405.52 million current US$ | +4.5% |
| 1983 | -420.97 million current US$ | +3.8% |
| 1984 | -442.58 million current US$ | +5.1% |
| 1985 | -453.83 million current US$ | +2.5% |
| 1986 | -479.65 million current US$ | +5.7% |
| 1987 | -499.22 million current US$ | +4.1% |
| 1988 | -466.35 million current US$ | -6.6% |
| 1989 | -423.48 million current US$ | -9.2% |
| 1990 | -610.50 million current US$ | +44.2% |
| 1991 | -453.93 million current US$ | -25.6% |
| 1992 | -324.88 million current US$ | -28.4% |
| 1993 | -356.49 million current US$ | +9.7% |
| 1994 | -571.35 million current US$ | +60.3% |
| 1995 | -669.99 million current US$ | +17.3% |
| 1996 | -492.80 million current US$ | -26.4% |
| 1997 | -483.50 million current US$ | -1.9% |
| 1998 | -448.60 million current US$ | -7.2% |
| 1999 | -514.90 million current US$ | +14.8% |
| 2000 | -621.90 million current US$ | +20.8% |
| 2001 | -503.60 million current US$ | -19.0% |
| 2002 | -610.57 million current US$ | +21.2% |
| 2003 | -560.40 million current US$ | -8.2% |
| 2004 | -650.20 million current US$ | +16.0% |
| 2005 | -633.20 million current US$ | -2.6% |
| 2006 | -572.22 million current US$ | -9.6% |
| 2007 | -888.61 million current US$ | +55.3% |
| 2008 | -977.04 million current US$ | +10.0% |
| 2009 | -1.52 billion current US$ | +55.7% |
| 2010 | -1.33 billion current US$ | -12.8% |
| 2011 | -1.06 billion current US$ | -19.8% |
| 2012 | -995.00 million current US$ | -6.5% |
| 2013 | -922.00 million current US$ | -7.3% |
| 2014 | -1.05 billion current US$ | +14.3% |
| 2015 | -1.12 billion current US$ | +6.2% |
| 2016 | -1.28 billion current US$ | +14.7% |
| 2017 | -1.35 billion current US$ | +5.5% |
| 2018 | -1.48 billion current US$ | +8.9% |
| 2019 | -1.55 billion current US$ | +5.4% |
Cuba compared with similar countries
- Cuba's -1.55 billion current US$ is below the median for upper middle income countries, which is -918.06 million current US$, 1.7× the median. (59 countries reporting)
- Cuba's -1.55 billion current US$ is below the median for Latin America & Caribbean, which is -1.49 billion current US$, 1.0× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -230.74 million current US$ | -372.67 million current US$ | -109.00 million current US$ | 10 |
| 1980s | -436.13 million current US$ | -499.22 million current US$ | -381.48 million current US$ | 10 |
| 1990s | -492.69 million current US$ | -669.99 million current US$ | -324.88 million current US$ | 10 |
| 2000s | -753.90 million current US$ | -1.52 billion current US$ | -503.60 million current US$ | 10 |
| 2010s | -1.21 billion current US$ | -1.55 billion current US$ | -922.00 million current US$ | 10 |
Countries ranked near Cuba
- 128 South Sudan -1.48 billion current US$ compare
- 129 Cayman Islands -1.49 billion current US$ compare
- 130 Sudan -1.55 billion current US$ compare
- 132 Venezuela -1.60 billion current US$ compare
- 133 Burkina Faso -1.62 billion current US$ compare
- 134 Myanmar -1.68 billion current US$ compare
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 net primary income (net income from abroad) in Cuba?
- Net primary income (net income from abroad) in Cuba was -1.55 billion current US$ in 2019, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net primary income (net income from abroad) recorded in Cuba?
- The highest recorded value was -109.00 million current US$ in 1970.
- What is the lowest net primary income (net income from abroad) recorded in Cuba?
- The lowest recorded value was -1.55 billion current US$ in 2019.
- How does Cuba rank for net primary income (net income from abroad)?
- Cuba ranks 131st out of 209 countries with data for 2019.
- Is net primary income (net income from abroad) rising or falling in Cuba?
- Over the last ten years it is down 2.1%. 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 Net primary income (Net income from abroad) (current US$). Statizoid updates them automatically from the source API.
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About this data
Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.