This chart displays Economic Growth (GDP, annual variation in %) for Cuba from 2024 to 2023.
Cuba Economic Indicators
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Population (million) | 11.2 | 11.1 | 11.1 | 11.0 | 11.0 | 10.9 |
| GDP (USD bn) | 107.4 | 22.7 | 26.4 | 34.6 | 45.2 | - |
| GDP per capita (USD) | 9,605 | 2,043 | 2,385 | 3,135 | 4,116 | - |
| Economic Growth (Nominal GDP, ann. var. %) | 3.8 | 407.9 | 16.1 | 31.0 | 30.8 | - |
| Economic Growth (GDP, ann. var. %) | -10.9 | 1.3 | 1.8 | -1.9 | -1.1 | -1.8 |
| Private Consumption (ann. var. %) | -8.7 | -2.7 | 2.1 | 3.0 | 0.1 | -0.4 |
| Government Consumption (ann. var. %) | -10.1 | 15.0 | 1.5 | -12.3 | -7.4 | -0.7 |
| Fixed Investment (ann. var. %) | -3.9 | 0.1 | -5.8 | 2.3 | 3.7 | -0.2 |
| Exports (G&S, ann. var. %) | -20.5 | -9.1 | -2.4 | -6.6 | -0.2 | -3.8 |
| Imports (G&S, ann. var. %) | -7.6 | -4.6 | -9.2 | -2.1 | -1.3 | 0.2 |
| Fiscal Balance (% of GDP) | -17.7 | -11.7 | -11.1 | - | -8.4 | -8.5 |
| Inflation (CPI, ann. var. %, eop) | 18.5 | 77.3 | 39.1 | 31.3 | 24.9 | 14.1 |
| Exchange Rate (CUP per USD, eop) | 1.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 |
| Exchange Rate (CUP per USD, aop) | 1.00 | 24.00 | 24.00 | 24.00 | 24.00 | 24.00 |
| Current Account Balance (USD bn) | -0.5 | -1.0 | -1.4 | -1.5 | -1.9 | - |
| Current Account Balance (% of GDP) | -0.5 | -4.3 | -5.4 | -4.2 | -4.3 | -5.4 |
| Merchandise Trade Balance (USD bn) | -5.5 | -6.5 | -7.7 | -7.4 | -7.2 | -4.6 |
| Merchandise Exports (USD bn) | 1.7 | 2.0 | 2.2 | 1.6 | 1.6 | 1.6 |
| Merchandise Imports (USD bn) | 7.2 | 8.4 | 9.8 | 9.0 | 8.8 | 6.2 |
| Merchandise Exports (ann. var. %) | -17.4 | 15.4 | 10.4 | -27.1 | 1.5 | -2.1 |
| Merchandise Imports (ann. var. %) | -27.0 | 16.6 | 16.6 | -8.7 | -2.4 | -29.8 |