Cuba GDP per capita for 2020 was $9,605, a 4.04% increase from 2019.

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<li>Cuba GDP per capita for 2019 was <strong>$9,232</strong>, a <strong>3.6% increase</strong> from 2018.</li>
<li>Cuba GDP per capita for 2018 was <strong>$8,911</strong>, a <strong>3.49% increase</strong> from 2017.</li>
<li>Cuba GDP per capita for 2017 was <strong>$8,611</strong>, a <strong>6.17% increase</strong> from 2016.</li>
</ul>GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.

In 2023, Puerto Rico and The Bahamas were the states with the highest gross domestic product (GDP) per capita in Latin America and the Caribbean. The average GDP generated per person in the Bahamas amounted to 34,749 U.S. dollars, whereas the average wealth created per capita in Puerto Rico was estimated at around 34,749 U.S. dollars. In that same year, this region's lowest GDP per capita was that of Haiti, at less than 1,693 U.S. dollars per person per year. The largest economies in Latin America GDP is the total value of all goods and services produced in a country in a year. It is an important indicator to measure the economic strength of a country and the average wealth of its population. By far, the two largest economies in the region are Brazil and Mexico, both registering GDPs three times bigger than the third place, Argentina. Nonetheless, they are the two most populated countries by a great margin.
Key economic indicators of Latin America Latin America emerges as an important region in the world economy, as of 2023, around 7.3 percent of the global GDP, a similar share to the Middle East. Nevertheless, the economic development of most of its countries has been heavily affected by other factors, such as corruption, inequality, inflation, or crime and violence. Countries such as Venezuela, Suriname, and Argentina are constantly ranking among the highest inflation rates in the world. While Jamaica, Ecuador, and Haiti rank as some of the most crime-ridden states.

Cuba GDP for 2023 was $0.00, a 0% increase from 2022.

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<li>Cuba GDP for 2022 was <strong>$0.00</strong>, a <strong>0% increase</strong> from 2021.</li>
<li>Cuba GDP for 2021 was <strong>$0.00</strong>, a <strong>100% decline</strong> from 2020.</li>
<li>Cuba GDP for 2020 was <strong>107.35 billion US dollars</strong>, a <strong>3.79% increase</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

In 2024, Brazil and Mexico were expected to be the countries with the largest gross domestic product (GDP) in Latin America and the Caribbean. In that year, Brazil's GDP could reach an estimated value of 2.4 trillion U.S. dollars, whereas Mexico's amounted to almost two trillion U.S. dollars. GDP is the total value of all goods and services produced in a country in a given year. It measures the economic strength of a country and a positive change indicates economic growth.

Cuba: Government spending as percent of GDP: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Cuba from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Cuba: Gross Domestic Product, billions of 2010 U.S. dollars: The latest value from is billion U.S. dollars, unavailable from billion U.S. dollars in . In comparison, the world average is 0.0 billion U.S. dollars, based on data from countries. Historically, the average for Cuba from to is billion U.S. dollars. The minimum value, billion U.S. dollars, was reached in while the maximum of billion U.S. dollars was recorded in .

Historical chart and dataset showing Cuba gdp growth rate by year from 1971 to 2023.

Cuba CU: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 14.155 % in 2022. This records a decrease from the previous number of 401.591 % for 2021. Cuba CU: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 3.463 % from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 401.591 % in 2021 and a record low of -7.388 % in 1991. Cuba CU: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cuba – Table CU.World Bank.WDI: Inflation. 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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

Cuba CU: GDP: USD: Gross National Income per Capita: Atlas Method data was reported at 8,920.000 USD in 2019. This records an increase from the previous number of 8,630.000 USD for 2018. Cuba CU: GDP: USD: Gross National Income per Capita: Atlas Method data is updated yearly, averaging 2,580.000 USD from Dec 1972 (Median) to 2019, with 48 observations. The data reached an all-time high of 8,920.000 USD in 2019 and a record low of 830.000 USD in 1972. Cuba CU: GDP: USD: Gross National Income per Capita: Atlas Method data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cuba – Table CU.World Bank.WDI: Gross Domestic Product: Nominal. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

Cuba: Imports of goods and services as percent of GDP: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Cuba from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

This dataset is about countries per year in Cuba. It has 64 rows. It features 4 columns: country, demonym, and GDP.

Cuba trade to gdp ratio for 2022 was 88.80%, a 8.78% increase from 2021.

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<li>Cuba trade to gdp ratio for 2021 was <strong>80.02%</strong>, a <strong>64.34% increase</strong> from 2020.</li>
<li>Cuba trade to gdp ratio for 2020 was <strong>15.68%</strong>, a <strong>7.14% decline</strong> from 2019.</li>
<li>Cuba trade to gdp ratio for 2019 was <strong>22.82%</strong>, a <strong>4.26% decline</strong> from 2018.</li>
</ul>Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

Cuba CU: PPP Conversion Factor: GDP data was reported at 0.322 CUP/Intl $ in 2011. Cuba CU: PPP Conversion Factor: GDP data is updated yearly, averaging 0.322 CUP/Intl $ from Dec 2011 (Median) to 2011, with 1 observations. The data reached an all-time high of 0.322 CUP/Intl $ in 2011 and a record low of 0.322 CUP/Intl $ in 2011. Cuba CU: PPP Conversion Factor: GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cuba – Table CU.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. Purchasing power parity (PPP) conversion factor is a spatial price deflator and currency converter that controls for price level differences between countries, thereby allowing volume comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for GDP.;International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme.;;

The gross national income in the 'Economic Measures' segment of the macroeconomic indicators market in Cuba was forecast to continuously increase between 2024 and 2029 by in total 3.6 billion U.S. dollars (+3.84 percent). After the seventh consecutive increasing year, the indicator is estimated to reach 97.31 billion U.S. dollars and therefore a new peak in 2029. Notably, the gross national income of the 'Economic Measures' segment of the macroeconomic indicators market was continuously increasing over the past years.Find more key insights for the gross national income in countries like Jamaica, Colombia, and Haiti.. The Statista Market Insights cover a broad range of additional markets.

In 2018, the ratio of military expenditure to gross domestic product (GDP) in Cuba remained nearly unchanged at around 2.88 percent. Military expenditure figures refer to the amount of money spent on a country's armed forces, including peacekeeping and defense operations, among others. When comparing international figures, there may be some inconsistencies depending on what respective countries consider as military spending.Find more key insights for the ratio of military expenditure to gross domestic product (GDP) in countries like Jamaica and Trinidad and Tobago.

Cuba: GDP per unit of energy used: The latest value from is GDP per kg of oil equivalent, unavailable from GDP per kg of oil equivalent in . In comparison, the world average is 0.00 GDP per kg of oil equivalent, based on data from countries. Historically, the average for Cuba from to is GDP per kg of oil equivalent. The minimum value, GDP per kg of oil equivalent, was reached in while the maximum of GDP per kg of oil equivalent was recorded in .

Cuba: Percent of world GDP: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0.00 percent, based on data from countries. Historically, the average for Cuba from to is percent. The minimum value, percent, was reached in while the maximum of percent was recorded in .

Cuba CU: GDP: Market Price: Linked Series data was reported at 103,131.000 CUP mn in 2019. This records an increase from the previous number of 100,050.000 CUP mn for 2018. Cuba CU: GDP: Market Price: Linked Series data is updated yearly, averaging 38,203.000 CUP mn from Dec 1989 (Median) to 2019, with 31 observations. The data reached an all-time high of 103,131.000 CUP mn in 2019 and a record low of 16,343.535 CUP mn in 1992. Cuba CU: GDP: Market Price: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cuba – Table CU.World Bank.WDI: Gross Domestic Product: Nominal. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in current local currency.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

Cuba: GDP per hour worked, index relative to the U.S.: The latest value from is index points, unavailable from index points in . In comparison, the world average is 0.00 index points, based on data from countries. Historically, the average for Cuba from to is index points. The minimum value, index points, was reached in while the maximum of index points was recorded in .

Cuba CU: GDP: % of GDP: Gross Value Added: Agriculture data was reported at 3.783 % in 2018. This records a decrease from the previous number of 3.801 % for 2017. Cuba CU: GDP: % of GDP: Gross Value Added: Agriculture data is updated yearly, averaging 7.900 % from Dec 1970 (Median) to 2018, with 49 observations. The data reached an all-time high of 13.041 % in 1990 and a record low of 3.405 % in 2006. Cuba CU: GDP: % of GDP: Gross Value Added: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Cuba – Table CU.World Bank.WDI: Gross Domestic Product: Share of GDP. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.