Cuba: GDP (current US$)

Key figures

What the numbers say

In 2020, Cuba's GDP (current US$) rose 3.8% on 2019 (from US$103.43 billion to US$107.35 billion).

Across the 30 yearly changes before that (1990 to 2019), the average change was +4.9% and a typical year strayed about 8.4% 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 27.2% in 1994 and the biggest yearly fall was 17.8% in 1996. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2011 to 2020 the straight-line trend is upward, about US$4.39 billion a year. A straight line explains 100% 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$123.08 billion for 2023. We show this only because the same method, fitted on earlier years, predicted 2018 to 2020 better than "no change" would have: its average miss was US$852.5 million, against US$6.76 billion 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.

What this measures

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 51 values

GDP (current US$) in nearby economies

• Antigua and Barbuda — US$2.34 billion (2025)
• Argentina — US$683.1 billion (2025)
• Aruba — US$4.17 billion (2024)
• Bahamas, The — US$15.83 billion (2024)
• Barbados — US$8.02 billion (2025)
• Belize — US$3.33 billion (2025)
• Bolivia — US$64.77 billion (2025)
• Brazil — US$2.28 trillion (2025)
• Cayman Islands — US$7.77 billion (2024)
• Chile — US$357.37 billion (2025)
• Colombia — US$457.41 billion (2025)
• Costa Rica — US$102.91 billion (2025)

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
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Cuba's GDP (current US$)?

US$107.35 billion in 2020, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is up 1,786% from US$5.69 billion in 1970 (6.05% a year on average, compounded). The highest value was US$107.35 billion in 2020 and the lowest US$5.69 billion in 1970.

Is the latest change in GDP (current US$) unusual for Cuba?

Source

World Bank, World Development Indicators, indicator NY.GDP.MKTP.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, 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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