External balance on goods and services in Cuba
Cuba: External balance on goods and services was -433.06 billion current LCU in 2024. ◆ Volatile
External balance on goods and services in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, external balance on goods and services in Cuba stood at -433.06 billion current LCU. That is the lowest value across all 55 years on record.
Compared with earlier readings it is down 78.4% on the previous year and down 11,071.9% over ten years.
Over the whole period, external balance on goods and services in Cuba peaked at 3.95 billion current LCU in 2014 and was at its lowest, -433.06 billion current LCU, in 2024.
That places Cuba 154th out of 192 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.15 billion current LCU | -1.66 billion current LCU | -657.87 million current LCU | 10 |
| 1980s | -2.25 billion current LCU | -2.87 billion current LCU | -1.65 billion current LCU | 10 |
| 1990s | -812.38 million current LCU | -2.29 billion current LCU | -214.16 million current LCU | 10 |
| 2000s | -50.81 million current LCU | -2.30 billion current LCU | 1.59 billion current LCU | 10 |
| 2010s | 2.73 billion current LCU | 1.66 billion current LCU | 3.95 billion current LCU | 10 |
| 2020s | -162.50 billion current LCU | -433.06 billion current LCU | 702.00 million current LCU | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Taxes less subsidies on products 762.00 million current US$ (2020)
- Industry (including construction), value added 24.71 billion 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)
- 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 -433.06 billion current 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 3.95 billion current LCU in 2014.
- What is the lowest external balance on goods and services recorded in Cuba?
- The lowest recorded value was -433.06 billion current LCU in 2024.
- How does Cuba rank for external balance on goods and services?
- Cuba ranks 154th out of 192 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 11,071.9%. 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 (current LCU). 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
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.