Inflation, GDP deflator in Cuba
Cuba: Inflation, GDP deflator was 32.2% in 2024. ◆ Volatile
Inflation, GDP deflator in Cuba, 1971–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
In 2024, inflation, gdp deflator in Cuba stood at 32.2%.
Compared with earlier readings it is down 4.0% on the previous year and up 830.3% over ten years.
Over the whole period, inflation, gdp deflator in Cuba peaked at 401.6% in 2021 and was at its lowest, -7.4%, in 1991.
Cuba ranks 9th of 213 countries on this measure, in the top 10%.
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 | 5.2% | -4.2% | 11.9% | 9 |
| 1980s | 0.1% | -3.9% | 5.4% | 10 |
| 1990s | 5.8% | -7.4% | 26.3% | 10 |
| 2000s | 2.5% | -0.3% | 10.4% | 10 |
| 2010s | 3.1% | 1.0% | 4.3% | 10 |
| 2020s | 99.6% | 14.1% | 401.6% | 5 |
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 inflation, gdp deflator in Cuba?
- Inflation, gdp deflator in Cuba was 32.2% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Cuba?
- The highest recorded value was 401.6% in 2021.
- What is the lowest inflation, gdp deflator recorded in Cuba?
- The lowest recorded value was -7.4% in 1991.
- How does Cuba rank for inflation, gdp deflator?
- Cuba ranks 9th out of 213 countries with data for 2024.
- Is inflation, gdp deflator rising or falling in Cuba?
- Over the last ten years it is up 830.3%. 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 Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.