Cuba: Gross national expenditure deflator (base year varies by country)

Key figures

What the numbers say

In 2024, Cuba's gross national expenditure deflator (base year varies by country) rose 43.3% on 2023 (from 2,075 to 2,973).

Across the 30 yearly changes before that (1994 to 2023), the average change was +21.2% and a typical year strayed about 82.2% from that (the standard deviation). This year's change was 0.3 standard deviations above 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 452.8% in 2021 and the biggest yearly fall was 7.5% in 1991. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 288.29 a year. A straight line explains 76% 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.

How it compares

In 2024, Cuba had the 3rd highest value of the 32 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Cuba in the 2024 ranking

• Lebanon — 1st of 32: 6,138
• Tajikistan — 2nd of 32: 3,876
• Zimbabwe — 4th of 32: 1,192
• Ghana — 5th of 32: 585.98
• Kazakhstan — 6th of 32: 585.29

What this measures

Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. A deflator is the ratio of an indicator in current prices over the same series in constant prices. The base year varies by country.

All 55 values

Gross national expenditure deflator (base year varies by country) in nearby economies

• Argentina — 107,789 (2025)
• Bahamas, The — 112.22 (2024)
• Belize — 118.19 (2024)
• Bolivia — 113.17 (2024)
• Brazil — 272.81 (2025)
• Chile — 147.71 (2025)
• Colombia — 172.95 (2025)
• Costa Rica — 97.48 (2025)
• Dominican Republic

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

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Questions people ask

What is Cuba's gross national expenditure deflator (base year varies by country)?

2,973 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1970?

It is up 7,734% from 37.95 in 1970 (8.41% a year on average, compounded). The highest value was 2,973 in 2024 and the lowest 37.95 in 1970.

How does Cuba rank?

3rd highest of 32 economies with data for 2024.

Is the latest change in gross national expenditure deflator (base year varies by country) unusual for Cuba?

In 2024, Cuba's gross national expenditure deflator (base year varies by country) rose 43.3% on 2023 (from 2,075 to 2,973). Across the 30 yearly changes before that (1994 to 2023), the average change was +21.2% and a typical year strayed about 82.2% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NE.DAB.DEFL.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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