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Cuba GDP

Cuba's GDP rose to $107.35 billion in 2020, up from $103.43 billion in 2019, according to World Bank. This represents an increase of 3.8% ($3.92 billion) from the previous year and accounts for 0.1% of the world's total GDP. Cuba has GDP higher than the global median ($107.35 billion vs median $35.85 billion). Compared with the median in Americas, Cuba is higher ($107.35 billion vs regional median $25.03 billion) and ranks 13th out of 44 countries in Americas.

Cuba's GDP per capita fell to $7,433.43 in 2023, down from $7,552.33 in 2022.

Yearly Historical Data (1970-2020)

(in Billion USD)
Year GDP (Billion USD)
2020 107.35
2019 103.43
2018 100.05
2017 96.85
2016 91.37
2015 87.13
2014 80.66
2013 77.15
2012 73.14
2011 68.99
2010 59.56
2009 57.48
2008 56.3
2007 54.26
2006 48.84
2005 42.64
2004 38.2
2003 35.9
2002 33.59
2001 31.68
2000 30.57
1999 28.36
1998 25.74
1997 25.37
1996 25.02
1995 30.43
1994 28.45
1993 22.37
1992 22.09
1991 24.32
1990 28.65
1989 27.02
1988 27.46
1987 25.21
1986 24.23
1985 22.92
1984 24.04
1983 22.2
1982 20.95
1981 20.15
1980 19.91
1979 19.58
1978 17.84
1977 14.21
1976 13.79
1975 13.03
1974 11.41
1973 9.99
1972 8.14
1971 6.91
1970 5.69
Cuba GDP : Definition
GDP measures the total value of all goods and services produced in Cuba, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate -1.93% 1.78% 2023
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