GDP in Cuba
Cuba: GDP was 107.35 billion current US$ in 2020. ◆ Volatile
GDP in Cuba, 1970–2020
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Cuba recorded 107.35 billion current US$ for gdp in 2020. That is the highest value across all 51 years on record.
That represents a change of up 3.8% on the previous year and up 80.2% over ten years.
Over the whole period, gdp in Cuba peaked at 107.35 billion current US$ in 2020 and was at its lowest, 5.69 billion current US$, in 1970.
Cuba ranks 73rd of 213 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.06 billion current US$ | 5.69 billion current US$ | 19.58 billion current US$ | 10 |
| 1980s | 23.41 billion current US$ | 19.91 billion current US$ | 27.46 billion current US$ | 10 |
| 1990s | 26.08 billion current US$ | 22.09 billion current US$ | 30.43 billion current US$ | 10 |
| 2000s | 42.95 billion current US$ | 30.57 billion current US$ | 57.48 billion current US$ | 10 |
| 2010s | 83.83 billion current US$ | 59.56 billion current US$ | 103.43 billion current US$ | 10 |
| 2020s | 107.35 billion current US$ | 107.35 billion current US$ | 107.35 billion current US$ | 1 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Industry (including construction), value added 23.8% (2024)
- Manufacturing, value added 10.7% (2024)
- 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)
- GNI per capita, Atlas method 9,010 current US$ (2019)
- GNI per capita 9,094 current LCU (2019)
- Net primary income (Net income from abroad) -1.55 billion current US$ (2019)
Frequently asked questions
- What is gdp in Cuba?
- Gdp in Cuba was 107.35 billion current US$ in 2020, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Cuba?
- The highest recorded value was 107.35 billion current US$ in 2020.
- What is the lowest gdp recorded in Cuba?
- The lowest recorded value was 5.69 billion current US$ in 1970.
- How does Cuba rank for gdp?
- Cuba ranks 73rd out of 213 countries with data for 2020.
- Is gdp rising or falling in Cuba?
- Over the last ten years it is up 80.2%. 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 GDP (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. 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.