External balance on goods and services in Cuba
Cuba: External balance on goods and services was -354.00 million constant LCU in 2024. ◆ Volatile
External balance on goods and services in Cuba, 1997–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for external balance on goods and services in Cuba is -354.00 million constant LCU, measured in 2024.
That represents a change of up 18.6% on the previous year and down 109.1% over ten years.
Over the whole period, external balance on goods and services in Cuba peaked at 4.53 billion constant LCU in 2009 and was at its lowest, -737.30 million constant LCU, in 1997.
Cuba ranks 65th of 161 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -499.57 million constant LCU | -737.30 million constant LCU | -179.80 million constant LCU | 3 |
| 2000s | 1.55 billion constant LCU | 366.60 million constant LCU | 4.53 billion constant LCU | 10 |
| 2010s | 2.82 billion constant LCU | 1.12 billion constant LCU | 4.47 billion constant LCU | 10 |
| 2020s | -379.60 million constant LCU | -680.00 million constant LCU | -106.00 million constant LCU | 5 |
Countries ranked near Cuba
- 62 Marshall Islands -110.12 million constant LCU compare
- 63 Bahamas -153.10 million constant LCU compare
- 64 American Samoa -249.00 million constant LCU compare
- 66 Kiribati -395.63 million constant LCU compare
- 67 Sierra Leone -425.93 million constant LCU compare
- 68 Tonga -470.86 million constant LCU compare
More economy & growth data for Cuba
- Taxes less subsidies on products 762.00 million current US$ (2020)
- Industry (including construction), value added 258.69 billion current LCU (2024)
- Industry (including construction), value added 14.71 billion constant 2015 US$ (2024)
- Industry (including construction), value added -3.0% (2024)
- Industry (including construction), value added 8.79 billion constant LCU (2024)
- Industry (including construction), value added 23.8% (2024)
- Taxes less subsidies on products 16.49 billion current LCU (2024)
- Services, value added 78.91 billion current US$ (2020)
- GNI per capita, Atlas method 9,010 current US$ (2019)
- GNI per capita 9,094 current LCU (2019)
Frequently asked questions
- What is external balance on goods and services in Cuba?
- External balance on goods and services in Cuba was -354.00 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Cuba?
- The highest recorded value was 4.53 billion constant LCU in 2009.
- What is the lowest external balance on goods and services recorded in Cuba?
- The lowest recorded value was -737.30 million constant LCU in 1997.
- How does Cuba rank for external balance on goods and services?
- Cuba ranks 65th out of 161 countries with data for 2024.
- Is external balance on goods and services rising or falling in Cuba?
- Over the last ten years it is down 109.1%. 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 Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.