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Cuba Real GDP

Cuba's real GDP fell to $81.92 billion in 2023, down from $83.53 billion in 2022, according to World Bank. This represents a decrease of 1.9% ($1.61 billion) from the previous year and accounts for 0.08% of the world's total real GDP. Cuba has real GDP higher than the global median ($81.92 billion vs median $29.34 billion). Compared with the median in Americas, Cuba is higher ($81.92 billion vs regional median $22.14 billion) and ranks 13th out of 43 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 (1970-2023)

(in Billion USD)
Year Real GDP (Billion USD)
2023 81.92
2022 83.53
2021 82.07
2020 81.05
2019 91.02
2018 91.17
2017 89.16
2016 87.58
2015 87.13
2014 83.43
2013 82.56
2012 80.36
2011 78.01
2010 75.88
2009 74.11
2008 73.05
2007 70.16
2006 65.41
2005 58.37
2004 52.49
2003 49.62
2002 47.81
2001 47.14
2000 45.68
1999 43.13
1998 40.62
1997 40.55
1996 39.46
1995 36.59
1994 35.71
1993 35.46
1992 41.65
1991 47.11
1990 52.75
1989 54.35
1988 53.98
1987 52.06
1986 53.34
1985 53.29
1984 52.45
1983 48.6
1982 46.1
1981 42.33
1980 35.36
1979 37.17
1978 36.77
1977 34.49
1976 31.73
1975 30.09
1974 27.49
1973 27.22
1972 26.32
1971 25.11
1970 23.12
Cuba Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Cuba, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $107.35B $103.43B 2020
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