Trade as a share of GDP in Cuba
Cuba: Trade as a share of GDP was 124.9% in 2024. ▼ Falling
Trade as a share of GDP in Cuba, 1970–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
In 2024, trade as a share of gdp in Cuba stood at 124.9%. That is the highest value across all 55 years on record.
The figure is up 3.6% on the previous year and up 217.9% over ten years.
Over the whole period, trade as a share of gdp in Cuba peaked at 124.9% in 2024 and was at its lowest, 15.7%, in 2020.
That places Cuba 42nd out of 191 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 55 years of available data.
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
- 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 trade as a share of gdp in Cuba?
- Trade as a share of gdp in Cuba was 124.9% in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest trade as a share of gdp recorded in Cuba?
- The highest recorded value was 124.9% in 2024.
- What is the lowest trade as a share of gdp recorded in Cuba?
- The lowest recorded value was 15.7% in 2020.
- How does Cuba rank for trade as a share of gdp?
- Cuba ranks 42nd out of 191 countries with data for 2024.
- Is trade as a share of gdp 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 National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Trade as a share 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 (Our World in Data).
About this data
Trade in goods and services as a share of GDP, shown as a percentage.