Trade as share of gdp in Cuba
Cuba: Trade as share of gdp was 124.86 in 2024. ▼ Falling
Latest (2024)
124.86
Change on year
up 3.6%
World rank
42nd
of 191 countries
All-time high
124.86
in 2024
All-time low
15.68
in 2020
Years of data
55
1970–2024
Trade as share of gdp in Cuba, 1970–2024
Source: Our World in Data.
Analysis
In 2024, trade as share of gdp in Cuba stood at 124.86. That is the highest value across all 55 years on record.
The figure is up 3.6% on the previous year and up 217.9% over ten years.
Over the whole period, trade as share of gdp in Cuba peaked at 124.86 in 2024 and was at its lowest, 15.68, in 2020.
That places Cuba 42nd out of 191 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 55 years of available data.
Trade as share of gdp in Cuba, year by year
| Year | Value | Change |
|---|---|---|
| 1970 | 76.81 | — |
| 1971 | 76.81 | +0.0% |
| 1972 | 76.81 | +0.0% |
| 1973 | 76.8 | -0.0% |
| 1974 | 76.79 | -0.0% |
| 1975 | 76.83 | +0.1% |
| 1976 | 76.82 | -0.0% |
| 1977 | 76.81 | -0.0% |
| 1978 | 76.76 | -0.1% |
| 1979 | 76.71 | -0.1% |
| 1980 | 77.03 | +0.4% |
| 1981 | 76.78 | -0.3% |
| 1982 | 76.79 | +0.0% |
| 1983 | 76.51 | -0.4% |
| 1984 | 76.41 | -0.1% |
| 1985 | 78.68 | +3.0% |
| 1986 | 75.51 | -4.0% |
| 1987 | 76.82 | +1.7% |
| 1988 | 75.14 | -2.2% |
| 1989 | 75.93 | +1.1% |
| 1990 | 71.11 | -6.3% |
| 1991 | 51 | -28.3% |
| 1992 | 35.15 | -31.1% |
| 1993 | 28.92 | -17.7% |
| 1994 | 27.78 | -3.9% |
| 1995 | 29.31 | +5.5% |
| 1996 | 32.63 | +11.3% |
| 1997 | 32.75 | +0.4% |
| 1998 | 32.5 | -0.8% |
| 1999 | 31.87 | -2.0% |
| 2000 | 31.08 | -2.5% |
| 2001 | 29.36 | -5.5% |
| 2002 | 24.73 | -15.8% |
| 2003 | 26.59 | +7.5% |
| 2004 | 31.31 | +17.8% |
| 2005 | 39.36 | +25.7% |
| 2006 | 37.19 | -5.5% |
| 2007 | 37.97 | +2.1% |
| 2008 | 44.92 | +18.3% |
| 2009 | 32.91 | -26.7% |
| 2010 | 40.29 | +22.4% |
| 2011 | 46.96 | +16.6% |
| 2012 | 45.87 | -2.3% |
| 2013 | 44.32 | -3.4% |
| 2014 | 39.27 | -11.4% |
| 2015 | 31.61 | -19.5% |
| 2016 | 27.27 | -13.7% |
| 2017 | 26.22 | -3.8% |
| 2018 | 27.08 | +3.3% |
| 2019 | 22.82 | -15.7% |
| 2020 | 15.68 | -31.3% |
| 2021 | 80.02 | +410.3% |
| 2022 | 93.86 | +17.3% |
| 2023 | 120.53 | +28.4% |
| 2024 | 124.86 | +3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 76.79 | 76.71 | 76.83 | 10 |
| 1980s | 76.56 | 75.14 | 78.68 | 10 |
| 1990s | 37.3 | 27.78 | 71.11 | 10 |
| 2000s | 33.54 | 24.73 | 44.92 | 10 |
| 2010s | 35.17 | 22.82 | 46.96 | 10 |
| 2020s | 86.99 | 15.68 | 124.86 | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Gross domestic savings (current US$), annual growth rate -16.59 % change on previous year (2020)
- Gross domestic savings (current US$), per unit of GDP 0.1053 current US$ per US$ of GDP (2020)
- Gross domestic savings (current US$), per capita 1,011 current US$ per person (2020)
- Gross domestic savings (current LCU), annual growth rate -161.38 % change on previous year (2024)
- Gross domestic savings (current LCU), per unit of GDP 0.1053 current LCU per US$ of GDP (2020)
- Gross domestic savings (current LCU), per capita -15,519 current LCU per person (2024)
- GNI, Atlas method (current US$), annual growth rate 3.2 % change on previous year (2019)
- GNI, Atlas method (current US$), per unit of GDP 0.9759 current US$ per US$ of GDP (2019)
- GNI, Atlas method (current US$), per capita 9,010 current US$ per person (2019)
- GNI (current US$), annual growth rate 3.35 % change on previous year (2019)
Frequently asked questions
- What is trade as share of gdp in Cuba?
- Trade as share of gdp in Cuba was 124.86 in 2024, according to Our World in Data.
- What is the highest trade as share of gdp recorded in Cuba?
- The highest recorded value was 124.86 in 2024.
- What is the lowest trade as share of gdp recorded in Cuba?
- The lowest recorded value was 15.68 in 2020.
- How does Cuba rank for trade as share of gdp?
- Cuba ranks 42nd out of 191 countries with data for 2024.
- Is trade as share of gdp rising or falling in Cuba?
- Over the last ten years it is up 217.9%. The long-run trend across the full record is falling.
- Where does this Cuba data come from?
- The figures come from Our World in Data, published as part of Trade as share of gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (Our World in Data).