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The Gross Domestic Product (GDP) in Cuba was worth 107.35 billion US dollars in 2020, according to official data from the World Bank. The GDP value of Cuba represents 0.10 percent of the world economy. This dataset provides - Cuba GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Graph and download economic data for Gross Domestic Product Per Capita for Cuba (PCAGDPCUA646NWDB) from 1970 to 2020 about Cuba, per capita, 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.
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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;
The growth rate of the real gross domestic product in Cuba decreased by 3.7 percentage points (-209.04 percent) compared to the previous year. The year marks a significant change in the growth rate compared to the previous year. 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.
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.
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Cuba CU: GDP: Real: per Capita data was reported at 4,649.494 CUP in 2023. This records a decrease from the previous number of 4,723.847 CUP for 2022. Cuba CU: GDP: Real: per Capita data is updated yearly, averaging 2,981.704 CUP from Dec 1970 (Median) to 2023, with 54 observations. The data reached an all-time high of 5,081.896 CUP in 2019 and a record low of 1,638.821 CUP in 1970. Cuba CU: GDP: Real: 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: Real. 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. Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;
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.
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The Gross Domestic Product per capita in Cuba was last recorded at 7433.43 US dollars in 2023. The GDP per Capita in Cuba is equivalent to 59 percent of the world's average. This dataset provides - Cuba GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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<ul style='margin-top:20px;'>
<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.
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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.
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Full Year GDP Growth in Cuba decreased to -1.90 percent in 2023 from 1.80 percent in 2022. This dataset includes a chart with historical data for Cuba Full Year Gdp Growth.
In 2023, 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 2022. This decrease was preceded by an increase in value added.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 services industry to the gross domestic product, and share of value added by the manufacturing industry to the gross domestic product.
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Cuba CU: GDP: Real: Gross Domestic Income data was reported at 51,004.106 CUP mn in 2022. This records an increase from the previous number of 50,143.405 CUP mn for 2021. Cuba CU: GDP: Real: Gross Domestic Income data is updated yearly, averaging 32,289.877 CUP mn from Dec 1970 (Median) to 2022, with 53 observations. The data reached an all-time high of 57,230.796 CUP mn in 2019 and a record low of 15,387.295 CUP mn in 1970. Cuba CU: GDP: Real: Gross Domestic Income 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: Real. Gross domestic income is derived as the sum of GDP and the terms of trade adjustment. Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;
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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 .
The value added to gross domestic product by the manufacturing sector in Cuba declined to 7.08 billion U.S. dollars in 2023. Therefore, the value added in Cuba saw its lowest number in that year 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.
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Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Cuba (RGDPL2CUA625NUPN) from 1970 to 2010 about Cuba, PPP, domestic, per capita, GDP, and rate.
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Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Cuba (PPCGDPCUA620NUPN) from 1970 to 2010 about Cuba, PPP, per capita, and GDP.
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Cuba CU: GDP: Growth: GNI data was reported at -0.194 % in 2019. This records a decrease from the previous number of 2.181 % for 2018. Cuba CU: GDP: Growth: GNI data is updated yearly, averaging 3.172 % from Dec 1971 (Median) to 2019, with 49 observations. The data reached an all-time high of 19.686 % in 1981 and a record low of -15.020 % in 1993. Cuba CU: GDP: Growth: GNI 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. 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.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;
-1.6 (%) in 2023. Annual percentage growth rate of GDP per capita based on constant local currency. Aggregates are based on constant U.S. dollars. 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.
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The Gross Domestic Product (GDP) in Cuba was worth 107.35 billion US dollars in 2020, according to official data from the World Bank. The GDP value of Cuba represents 0.10 percent of the world economy. This dataset provides - Cuba GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.