Trade in Cuba
Cuba: Trade was 124.9% in 2024. ▼ Falling
Trade in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for trade in Cuba is 124.9%, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 3.6% on the previous year and up 217.9% over ten years.
Over the whole period, trade in Cuba peaked at 124.9% in 2024 and was at its lowest, 15.7%, in 2020.
Cuba ranks 42nd of 192 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 55 years of available data.
Trade in Cuba, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 76.8% | — |
| 1971 | 76.8% | +0.0% |
| 1972 | 76.8% | +0.0% |
| 1973 | 76.8% | -0.0% |
| 1974 | 76.8% | -0.0% |
| 1975 | 76.8% | +0.1% |
| 1976 | 76.8% | -0.0% |
| 1977 | 76.8% | -0.0% |
| 1978 | 76.8% | -0.1% |
| 1979 | 76.7% | -0.1% |
| 1980 | 77.0% | +0.4% |
| 1981 | 76.8% | -0.3% |
| 1982 | 76.8% | +0.0% |
| 1983 | 76.5% | -0.4% |
| 1984 | 76.4% | -0.1% |
| 1985 | 78.7% | +3.0% |
| 1986 | 75.5% | -4.0% |
| 1987 | 76.8% | +1.7% |
| 1988 | 75.1% | -2.2% |
| 1989 | 75.9% | +1.1% |
| 1990 | 71.1% | -6.3% |
| 1991 | 51.0% | -28.3% |
| 1992 | 35.1% | -31.1% |
| 1993 | 28.9% | -17.7% |
| 1994 | 27.8% | -3.9% |
| 1995 | 29.3% | +5.5% |
| 1996 | 32.6% | +11.3% |
| 1997 | 32.8% | +0.4% |
| 1998 | 32.5% | -0.8% |
| 1999 | 31.9% | -2.0% |
| 2000 | 31.1% | -2.5% |
| 2001 | 29.4% | -5.5% |
| 2002 | 24.7% | -15.8% |
| 2003 | 26.6% | +7.5% |
| 2004 | 31.3% | +17.8% |
| 2005 | 39.4% | +25.7% |
| 2006 | 37.2% | -5.5% |
| 2007 | 38.0% | +2.1% |
| 2008 | 44.9% | +18.3% |
| 2009 | 32.9% | -26.7% |
| 2010 | 40.3% | +22.4% |
| 2011 | 47.0% | +16.6% |
| 2012 | 45.9% | -2.3% |
| 2013 | 44.3% | -3.4% |
| 2014 | 39.3% | -11.4% |
| 2015 | 31.6% | -19.5% |
| 2016 | 27.3% | -13.7% |
| 2017 | 26.2% | -3.8% |
| 2018 | 27.1% | +3.3% |
| 2019 | 22.8% | -15.7% |
| 2020 | 15.7% | -31.3% |
| 2021 | 80.0% | +410.3% |
| 2022 | 93.9% | +17.3% |
| 2023 | 120.5% | +28.4% |
| 2024 | 124.9% | +3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 76.8% | 76.7% | 76.8% | 10 |
| 1980s | 76.6% | 75.1% | 78.7% | 10 |
| 1990s | 37.3% | 27.8% | 71.1% | 10 |
| 2000s | 33.5% | 24.7% | 44.9% | 10 |
| 2010s | 35.2% | 22.8% | 47.0% | 10 |
| 2020s | 87.0% | 15.7% | 124.9% | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Gross value added at basic prices (GVA) (current LCU), annual growth 29.99 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9929 current LCU per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (current LCU), per capita 97,292 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual -1.01 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7499 constant 2015 US$ per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 7,350 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth -1.01 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.4684 constant LCU per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (constant LCU), per capita 4,591 constant LCU per person (2024)
- GDP (current US$), annual growth rate 3.79 % change on previous year (2020)
Frequently asked questions
- What is trade in Cuba?
- Trade in Cuba was 124.9% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest trade recorded in Cuba?
- The highest recorded value was 124.9% in 2024.
- What is the lowest trade recorded in Cuba?
- The lowest recorded value was 15.7% in 2020.
- How does Cuba rank for trade?
- Cuba ranks 42nd out of 192 countries with data for 2024.
- Is trade 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 Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Trade (% 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 (World Bank Open Data).
About this data
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.