Cuba Economic Growth 1970-2022

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.
  • Cuba economic growth for 2020 was $107.35B, a 3.79% increase from 2019.
  • Cuba economic growth for 2019 was $103.43B, a 3.38% increase from 2018.
  • Cuba economic growth for 2018 was $100.05B, a 3.3% increase from 2017.
  • Cuba economic growth for 2017 was $96.85B, a 6% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
China $14,687.67B
Russia $1,488.32B
Brazil $1,448.57B
Mexico $1,087.12B
Turkey $719.95B
Thailand $499.68B
Malaysia $337.01B
South Africa $335.44B
Colombia $270.30B
Romania $249.51B
Iran $231.55B
Peru $201.71B
Iraq $184.37B
Kazakhstan $171.08B
Algeria $145.01B
Cuba $107.35B
Ecuador $99.29B
Dominican Republic $78.84B
Guatemala $77.60B
Bulgaria $69.89B
Costa Rica $62.16B
Belarus $61.49B
Serbia $53.34B
Libya $52.32B
Jordan $43.70B
Azerbaijan $42.69B
Paraguay $35.43B
Lebanon $25.95B
Bosnia $19.96B
Gabon $15.32B
Albania $15.13B
Botswana $14.93B
Jamaica $13.81B
Armenia $12.64B
North Macedonia $12.12B
Mauritius $10.93B
Namibia $10.56B
Equatorial Guinea $10.10B
Guyana $5.47B
Montenegro $4.78B
Fiji $4.57B
Maldives $3.74B
Suriname $2.88B
St. Lucia $1.62B
Belize $1.59B
Grenada $1.04B
St. Vincent and the Grenadines $0.87B
Samoa $0.81B
American Samoa $0.71B
Dominica $0.50B
Tonga $0.49B
Marshall Islands $0.24B
Nauru $0.11B
Tuvalu $0.06B
Cuba Economic Growth - Historical Data
Year GDP Per Capita Growth Rate
2020 $107.35B $9,478 -10.95%
2019 $103.43B $9,126 -0.16%
2018 $100.05B $8,824 2.25%
2017 $96.85B $8,541 1.81%
2016 $91.37B $8,061 0.51%
2015 $87.13B $7,694 4.44%
2014 $80.66B $7,133 1.05%
2013 $77.15B $6,838 2.75%
2012 $73.14B $6,497 3.01%
2011 $68.99B $6,140 2.80%
2010 $59.56B $5,306 2.39%
2009 $57.48B $5,120 1.45%
2008 $56.30B $5,010 4.12%
2007 $54.26B $4,823 7.26%
2006 $48.84B $4,337 12.07%
2005 $42.64B $3,787 11.20%
2004 $38.20B $3,396 5.77%
2003 $35.90B $3,197 3.79%
2002 $33.59B $2,999 1.42%
2001 $31.68B $2,838 3.19%
2000 $30.57B $2,747 5.91%
1999 $28.36B $2,559 6.19%
1998 $25.74B $2,331 0.16%
1997 $25.37B $2,308 2.78%
1996 $25.02B $2,287 7.84%
1995 $30.43B $2,795 2.46%
1994 $28.45B $2,625 0.72%
1993 $22.37B $2,073 -14.88%
1992 $22.09B $2,057 -11.58%
1991 $24.32B $2,278 -10.69%
1990 $28.65B $2,703 -2.95%
1989 $27.02B $2,573 0.68%
1988 $27.46B $2,641 3.71%
1987 $25.21B $2,451 -2.40%
1986 $24.23B $2,379 0.10%
1985 $22.92B $2,270 1.60%
1984 $24.04B $2,396 7.93%
1983 $22.20B $2,225 5.41%
1982 $20.95B $2,108 8.92%
1981 $20.15B $2,036 19.69%
1980 $19.91B $2,022 -4.85%
1979 $19.58B $2,000 1.09%
1978 $17.84B $1,835 6.60%
1977 $14.21B $1,473 8.71%
1976 $13.79B $1,443 5.43%
1975 $13.03B $1,379 9.48%
1974 $11.41B $1,224 0.98%
1973 $9.99B $1,088 3.43%
1972 $8.14B $901 4.83%
1971 $6.91B $780 8.58%
1970 $5.69B $653 %