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Cuba GDP Annual Growth Rate

Cuba's GDP annual growth rate fell to -1.93% in 2023, down from 1.78% in 2022, according to World Bank. This represents a decrease of 3.71% from the previous year. Cuba has the 9th lowest GDP annual growth rate. Within Americas, it ranks 42nd out of 44 countries.

Cuba's real GDP fell to $81.92 billion in 2023, down from $83.53 billion in 2022.

Yearly Historical Data (1971-2023)

(in %)
Year GDP Annual Growth Rate (%)
2023 -1.93%
2022 1.78%
2021 1.25%
2020 -10.95%
2019 -0.16%
2018 2.25%
2017 1.81%
2016 0.51%
2015 4.44%
2014 1.05%
2013 2.75%
2012 3.01%
2011 2.8%
2010 2.39%
2009 1.45%
2008 4.12%
2007 7.26%
2006 12.07%
2005 11.2%
2004 5.77%
2003 3.79%
2002 1.42%
2001 3.19%
2000 5.91%
1999 6.19%
1998 0.16%
1997 2.78%
1996 7.84%
1995 2.46%
1994 0.72%
1993 -14.88%
1992 -11.58%
1991 -10.69%
1990 -2.95%
1989 0.68%
1988 3.71%
1987 -2.4%
1986 0.1%
1985 1.6%
1984 7.93%
1983 5.41%
1982 8.92%
1981 19.69%
1980 -4.85%
1979 1.09%
1978 6.6%
1977 8.71%
1976 5.43%
1975 9.48%
1974 0.98%
1973 3.43%
1972 4.83%
1971 8.58%
Cuba GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Cuba's total economic output.
Indicator Last Value Prior Value Period
GDP $107.35B $103.43B 2020
GDP per Capita $7,433.43 $7,552.33 2023
R&D Expenditure (% GDP) 0.36% 0.32% 2022
Real GDP $81.92B $83.53B 2023