The statistic shows gross domestic product (GDP) in current U.S. dollars in Cuba from 2012 to 2020. Gross domestic product (GDP) denotes the aggregate value of all services and goods produced within a country in any given year. GDP is an important indicator of a country's economic power. In 2020, Cuba's gross domestic product amounted to over 107 billion U.S. dollars.

Graph and download economic data for Gross Domestic Product for Cuba (MKTGDPCUA646NWDB) from 1970 to 2020 about Cuba and GDP.

This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Cuba from 2012 to 2022. In 2022, agriculture contributed around 0.8 percent to the GDP of Cuba, 23.77 percent came from the industry and 74.61 percent from the services sector.

Cuba CU: GDP: Growth:(GDP) Gross Domestic Productper Capita data was reported at -1.574 % in 2023. This records a decrease from the previous number of 2.349 % for 2022. Cuba CU: GDP: Growth:(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 2.437 % from Dec 1971 (Median) to 2023, with 53 observations. The data reached an all-time high of 19.147 % in 1981 and a record low of -15.312 % in 1993. Cuba CU: GDP: Growth:(GDP) Gross Domestic Productper Capita 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: Annual Growth Rate. Annual percentage growth rate of GDP per capita based on constant local currency. GDP per capita is gross domestic product divided by midyear population. 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.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

After relatively stable economic growth since 2000, Cuba's GDP per capita stood at over 9,600 U.S. dollars in 2020. However, given the ongoing economic crisis in Cuba, due to the compounding effects of U.S. sanctions, the COVID-19 pandemic, recent figures are unavailable. For years, much of the Cuban population has gone without basic essentials, with food, fuel, and medicine shortages, as well as water cut-offs and electricity blackouts a common problem for millions of Cubans.

Cuba CU: GDP: % of GDP: Gross Domestic Savings data was reported at 13.574 % in 2021. This records an increase from the previous number of 10.529 % for 2020. Cuba CU: GDP: % of GDP: Gross Domestic Savings data is updated yearly, averaging 12.986 % from Dec 1970 (Median) to 2021, with 52 observations. The data reached an all-time high of 17.301 % in 1985 and a record low of 2.676 % in 1993. Cuba CU: GDP: % of GDP: Gross Domestic Savings 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. Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption).;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

In 2023, the growth rate of the real gross domestic product in Cuba decreased by 3.7 percentage points (-209.04 percent) compared to 2022. This was a significant decrease in the growth rate. Gross domestic product (GDP) growth refers to the annual change in GDP, and uses constant prices to allow comparisons between years without the impact of monetary inflation.Find more statistics on other topics about Cuba with key insights such as share of value added by the manufacturing industry to the gross domestic product, value added by the services industry to the gross domestic product, and value added to gross domestic product by the manufacturing sector.

Cuba CU: GDP: Gross Domestic Savings data was reported at 49,518.300 CUP mn in 2022. This records a decrease from the previous number of 74,008.900 CUP mn for 2021. Cuba CU: GDP: Gross Domestic Savings data is updated yearly, averaging 2,716.400 CUP mn from Dec 1970 (Median) to 2022, with 53 observations. The data reached an all-time high of 74,008.900 CUP mn in 2021 and a record low of 443.003 CUP mn in 1993. Cuba CU: GDP: Gross Domestic Savings 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. Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). Data are in current local currency.;World Bank national accounts data, and OECD National Accounts data files.;;

Cuba CU: GDP: Growth: Household Final Consumption Expenditure per Capita data was reported at 2.639 % in 2022. This records an increase from the previous number of -2.187 % for 2021. Cuba CU: GDP: Growth: Household Final Consumption Expenditure per Capita data is updated yearly, averaging 1.908 % from Dec 1971 (Median) to 2022, with 52 observations. The data reached an all-time high of 18.936 % in 1981 and a record low of -18.367 % in 1992. Cuba CU: GDP: Growth: Household Final Consumption Expenditure per Capita 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: Annual Growth Rate. Annual percentage growth of household final consumption expenditure per capita, which is calculated using household final consumption expenditure in constant 2010 prices and World Bank population estimates. Household final consumption expenditure (private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

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.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Economic growth is central to economic development. When national income grows, real people benefit. While there is no known formula for stimulating economic growth, data can help policy-makers better understand their countries' economic situations and guide any work toward improvement. Data here covers measures of economic growth, such as gross domestic product (GDP) and gross national income (GNI). It also includes indicators representing factors known to be relevant to economic growth, such as capital stock, employment, investment, savings, consumption, government spending, imports, and exports.

The share of value added by the services industry to gross domestic product in Cuba saw no significant changes in 2022 in comparison to the previous year 2021 and remained at around 74.61 percent. With a decline of 0.4 percentage points (-0.53 percent), there is no significant change to 2021. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. Find more statistics on other topics about Cuba with key insights such as growth rate of the real gross domestic product, value added by the agriculture, forestry and fishing sector to the gross domestic product, and share of value added by the manufacturing industry to the gross domestic product.

GNI (formerly GNP) 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. Data are in current U.S. dollars. 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.

The value added by the services industry to the gross domestic product in Cuba decreased by one billion U.S. dollar (-1.53 percent) compared to the previous year. This decrease was preceded by an increase in value added.Value added is the net output of a sector after adding up all outputs and subtracting intermediate outputs. It refers to the contribution of a sector or industry to the overall GDP. The components of value added consist of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.Find more statistics on other topics about Cuba with key insights such as growth rate of the real gross domestic product, value added by the services industry to the gross domestic product, and share of value added by the manufacturing industry to the gross domestic product.

Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita, average GEKS-CPDW, at current prices for Cuba (PC2GDPCUA620NUPN) from 1970 to 2010 about Cuba, PPP, per capita, and GDP.

Cuba gdp growth rate for 2022 was 1.77%, a 0.52% increase from 2021.

• Cuba gdp growth rate for 2021 was 1.25%, a 12.2% increase from 2020.
• Cuba gdp growth rate for 2020 was -10.95%, a 10.79% decline from 2019.
• Cuba gdp growth rate for 2019 was -0.16%, a 2.41% decline from 2018.

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.

The value added to gross domestic product by the manufacturing sector in Cuba decreased by 0.5 billion U.S. dollars (-6.58 percent) in 2023 in comparison to the previous year. As a result, the value added in Cuba saw its lowest number in 2023 with 7.08 billion U.S. dollars. Notably, the value added is continuously decreasing over the last years.These figures refer to the total value of manufacturing output within a given country, and constant values have been used to negate the impact of inflation when comparing values across multiple years.Find more statistics on other topics about Cuba with key insights such as value added by the services industry to the gross domestic product, value added by the agriculture, forestry and fishing sector to the gross domestic product, and growth rate of the real gross domestic product.

Cuba CU: GDP: % of GDP: Gross National Expenditure data was reported at 108.775 % in 2022. This records a decrease from the previous number of 110.237 % for 2021. Cuba CU: GDP: % of GDP: Gross National Expenditure data is updated yearly, averaging 103.718 % from Dec 1970 (Median) to 2022, with 53 observations. The data reached an all-time high of 114.462 % in 1989 and a record low of 94.844 % in 2012. Cuba CU: GDP: % of GDP: Gross National Expenditure 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. Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment).;World Bank national accounts data, and OECD National Accounts data files.;;

The share of value added by the manufacturing industry to the gross domestic product in Cuba increased by 0.2 percentage points (+1.9 percent) in 2022. This was the first time during the observed period that the share has increased in Cuba. These figures refer to the share of total gross domestic product (GDP) made up by manufacturing output.Find more statistics on other topics about Cuba with key insights such as value added by the services industry to the gross domestic product, value added by the services industry to the gross domestic product, and value added to gross domestic product by the manufacturing sector.

Graph and download economic data for Government Consumption Share of Purchasing Power Parity Converted GDP Per Capita at constant prices for Cuba (KGPPPGCUA156NUPN) from 1970 to 2010 about Cuba, PPP, per capita, consumption, government, real, and GDP.