Cuba: Adjusted net national income per capita (constant 2015 US$)

Key figures

What the numbers say

In 2019, Cuba's adjusted net national income per capita (constant 2015 US$) rose US$35.83 on 2018 (from US$7,067 to US$7,102).

Across the 30 yearly changes before that (1989 to 2018), the average change was +US$75.78 and a typical year strayed about US$267.95 from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was US$623.37 in 1981 and the biggest yearly fall was US$728.41 in 1992. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2010 to 2019 the straight-line trend is upward, about US$186.07 a year. A straight line explains 97% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about US$7,897 for 2022. We show this only because the same method, fitted on earlier years, predicted 2017 to 2019 better than "no change" would have: its average miss was US$104.48, against US$177.2 for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

See how every economy compares in the full ranking.

Closest to Cuba in the 2019 ranking

• Kuwait — 1st of 2: US$27,635

What this measures

Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. The core indicator has been divided by the general population to achieve a per capita estimate. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Limitations: Adjusted net national income differs from the adjustments made in the calculation of adjusted net savings, by not accounting for investments in human capital or the damages from pollution. Thus, adjusted net national income remains within the boundaries of the United Nations System of National Accounts (SNA). The SNA includes non-produced natural assets (such as land, mineral resources, and forests) within the asset boundary when they are under the effective control of institutional units. The calculation of adjusted net national income, which accounts for net forest, energy, and mineral depletion, as well as consumption of fixed capital, thus remains within the SNA boundaries.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 50 values

Adjusted net national income per capita (constant 2015 US$) in nearby economies

• Argentina — US$10,784 (2021)
• Bahamas, The — US$23,262 (2021)
• Belize — US$4,621 (2021)
• Bolivia — US$2,075 (2021)
• Brazil — US$6,478 (2021)
• Chile — US$10,445 (2021)
• Colombia — US$5,423 (2021)
• Costa Rica — US$11,298 (2021)
• Dominican Republic — US$7,079 (2021)

More economic policy & debt data for Cuba

• Grants, excluding technical cooperation (BoP, current US$) — US$139.62 million (2023)
• Technical cooperation grants (BoP, current US$) — US$18.29 million (2023)
• Net official development assistance and official aid received (current US$) — US$167.15 million (2023)
• Net official development assistance and official aid received (constant 2023 US$) — US$167.15 million (2023)
• Net official development assistance received (current US$) — US$167.15 million (2023)
• Net official development assistance received (constant 2023 US$) — US$167.15 million (2023)
• Net ODA received per capita (current US$) — US$15.17 (2023)
• Net bilateral aid flows from DAC donors, Total (current US$) — US$92.95 million (2023)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Cuba's adjusted net national income per capita (constant 2015 US$)?

US$7,102 in 2019, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is up 185.35% from US$2,489 in 1970 (2.16% a year on average, compounded). The highest value was US$7,102 in 2019 and the lowest US$2,489 in 1970.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNTY.PC.KD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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