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.

Graph and download economic data for Gross Domestic Product Per Capita for Cuba (PCAGDPCUA646NWDB) from 1970 to 2020 about Cuba, per capita, and GDP.

In 2023, the growth rate of the real gross domestic product in Cuba stood at -1.93 percent. Between 1971 and 2023, the figure dropped by 10.51 percentage points, though the decline followed an uneven course rather than a steady trajectory.

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;

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.;;

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.

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.

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.

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: Growth data was reported at -1.929 % in 2023. This records a decrease from the previous number of 1.775 % for 2022. Cuba CU: GDP: Growth data is updated yearly, averaging 2.748 % from Dec 1971 (Median) to 2023, with 53 observations. The data reached an all-time high of 19.688 % in 1981 and a record low of -14.878 % in 1993. Cuba CU: GDP: Growth 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 at market prices based on constant local currency. Aggregates are based on constant 2015 prices, expressed in 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.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

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.

Graph and download economic data for Constant GDP per capita for Cuba (NYGDPPCAPKDCUB) from 1970 to 2023 about Cuba, per capita, real, and GDP.

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.

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;

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 *** billion U.S. dollars (+**** percent). After the seventh consecutive increasing year, the indicator is estimated to reach ***** 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.

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.

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;

Cuba CU: GDP: Deflator data was reported at 1,212.448 1997=100 in 2022. This records an increase from the previous number of 1,062.103 1997=100 for 2021. Cuba CU: GDP: Deflator data is updated yearly, averaging 101.299 1997=100 from Dec 1970 (Median) to 2022, with 53 observations. The data reached an all-time high of 1,212.448 1997=100 in 2022 and a record low of 39.366 1997=100 in 1970. Cuba CU: GDP: Deflator 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. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. The base year varies by country.;World Bank national accounts data, and OECD National Accounts data files.;;

The Gross Domestic Product per capita in Cuba was last recorded at 21016.65 US dollars in 2015, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Cuba, when adjusted by Purchasing Power Parity is equivalent to 118 percent of the world's average. This dataset provides - Cuba Gdp Per Capita Ppp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.