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Cuba

Headline economic indicators for Cuba, with the most recent official readings.

Prices

Prices — Cuba
Indicator Value Change
GDP deflator inflation · 32.2% -1.34 (-4.0%)

GDP

GDP — Cuba
Indicator Value Change
GDP growth rate · -1.1% +0.87 (+45.0%)
GDP per capita · 9,605.28 +373.02 (+4.0%)
GDP per capita, long-run history · 7,649 +162.88 (+2.2%)
GDP · 107,352,000,000 +3,924,400,000 (+3.8%)
GDP per capita growth · -0.7% +0.87 (+55.5%)
GNI per capita · 9,010 +300.00 (+3.4%)
Agriculture to GDP · 1.2% -0.17 (-11.8%)
Industry to GDP · 23.8% -0.65 (-2.6%)
Manufacturing to GDP · 10.7% -0.41 (-3.7%)
Services to GDP · 73.4% +0.19 (+0.3%)
Household consumption to GDP · 90.9% +9.75 (+12.0%)
Gross capital formation to GDP · 24.2% +2.80 (+13.1%)

Labour

Labour — Cuba
Indicator Value Change
Unemployment rate · 1.7% -0.01 (-0.5%)
Labour force participation rate · 52.2% -0.39 (-0.7%)
Female labour force participation rate · 40.0% -0.42 (-1.0%)
Youth unemployment rate · 4.3% -0.01 (-0.1%)
Employment to population ratio · 51.3% -0.38 (-0.7%)
Employment in agriculture · 15.5% -0.32 (-2.0%)
Employment in industry · 16.9% -0.05 (-0.3%)
Employment in services · 67.6% +0.37 (+0.5%)

Money

Money — Cuba
Indicator Value Change
Official exchange rate · 0.82 -0.01 (-1.8%)

Trade

Trade — Cuba
Indicator Value Change
Exports to GDP · 42.5% -3.16 (-6.9%)
Imports to GDP · 82.4% +7.49 (+10.0%)
Trade to GDP · 124.9% +4.33 (+3.6%)
Exports of goods and services · 8,769,000,000 -3,863,000,000 (-30.6%)
Imports of goods and services · 8,067,000,000 -2,904,100,000 (-26.5%)
Foreign direct investment to GDP · 0.0% -0.03 (-95.3%)
Total reserves, including gold · 0 +0.00

Government

Government — Cuba
Indicator Value Change
Government consumption to GDP · 24.8% -1.90 (-7.1%)
Education spending to GDP · 8.4% -0.94 (-10.1%)
Health spending to GDP · 9.4% -2.40 (-20.4%)

Demography

Demography — Cuba
Indicator Value Change
Population · 10,937,203 -42,580 (-0.4%)
Population, long-run history · 11,003 -43.35 (-0.4%)
Population growth · -0.4% -0.02 (-6.5%)
Life expectancy · 78.3 +0.18 (+0.2%)
Fertility rate · 1.45 +0.01 (+0.4%)
Birth rate · 8.6 -0.09 (-1.0%)
Death rate · 10.4 +0.23 (+2.2%)
Urban population share · 77.2% +0.06 (+0.1%)
Population aged 65 and over · 17.0% +0.47 (+2.8%)
Under-five mortality rate · 8.6 +0.40 (+4.9%)
Population density · 105.8 -0.39 (-0.4%)
Net migration · -22,244 +112.00 (+0.5%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Cuba

Economies nearby

Comparable readings from neighbouring economies.