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Cuba Trade (% GDP)

Cuba's trade (% GDP) rose to 108.14% in 2023, up from 93.86% in 2022, according to World Bank. This represents an increase of 14.28% from the previous year. Cuba has trade (% GDP) higher than the global median (108.14% vs median 84.49%). Compared with the median in Americas, Cuba is higher (108.14% vs regional median 78.04%) and ranks 5th out of 32 countries in Americas.

Yearly Historical Data (1970-2023)

(in %)
Year Trade (% GDP)
2023 108.14%
2022 93.86%
2021 80.02%
2020 15.68%
2019 22.82%
2018 27.08%
2017 26.22%
2016 27.27%
2015 31.61%
2014 39.27%
2013 44.32%
2012 45.87%
2011 46.96%
2010 40.29%
2009 32.91%
2008 44.92%
2007 37.97%
2006 37.19%
2005 39.36%
2004 31.31%
2003 26.59%
2002 24.73%
2001 29.36%
2000 31.08%
1999 31.87%
1998 32.5%
1997 32.75%
1996 32.63%
1995 29.31%
1994 27.78%
1993 28.92%
1992 35.15%
1991 51%
1990 71.11%
1989 75.93%
1988 75.14%
1987 76.82%
1986 75.51%
1985 78.68%
1984 76.41%
1983 76.51%
1982 76.79%
1981 76.78%
1980 77.03%
1979 76.71%
1978 76.76%
1977 76.81%
1976 76.82%
1975 76.83%
1974 76.79%
1973 76.8%
1972 76.81%
1971 76.81%
1970 76.81%
Cuba Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Cuba divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $2.17B $1.97B 2022
Annual Imports $9.83B $8.43B 2022
Exports (% GDP) 43.52% 40.49% 2023
Imports (% GDP) 64.62% 53.37% 2023
Tariff Rate 10.6% 10.44% 2022