Cuba's net primary income (net income from abroad) (current US$) was −US$1.55 billion in 2019, the latest year in the World Bank's World Development Indicators. That is down 2.15% from −US$1.52 billion in 2009.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$1.55 billion | 2019 |
| Five years earlier | −US$1.05 billion | 2014 |
| Ten years earlier | −US$1.52 billion | 2009 |
| Highest | −US$109 million | 1970 |
| Lowest | −US$1.55 billion | 2019 |
| Average since 2010 | −US$1.21 billion | 2010–2019 |
| First recorded | −US$109 million |
What the numbers say
In 2019, Cuba's net primary income (net income from abroad) (current US$) fell US$79 million on 2018 (from −US$1.48 billion to −US$1.55 billion).
Across the 30 yearly changes before that (1989 to 2018), the average change was −US$33.62 million and a typical year strayed about US$163.89 million from that (the standard deviation). This year's change was 0.3 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$261.93 million in 2011 and the biggest yearly fall was US$544.26 million in 2009. 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 downward, about US$47.73 million a year. A straight line explains 46% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
What this measures
Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 50 values
| Year | Net primary income (net income from abroad) (current US$) |
|---|---|
| 2019 | -1,554,000,000 |
| 2018 | -1,475,000,000 |
| 2017 | -1,354,000,000 |
| 2016 | -1,284,000,000 |
| 2015 | -1,119,000,000 |
| 2014 | -1,054,000,000 |
| 2013 | -922,000,000 |
| 2012 | -995,000,000 |
| 2011 | -1,064,000,000 |
| 2010 | -1,325,925,926 |
Net primary income (net income from abroad) (current US$) in nearby economies
- Antigua and Barbuda — −US$75.61 million (2025)
- Argentina — −US$13.9 billion (2025)
- Aruba — −US$226.32 million (2024)
- Bahamas, The — −US$631.7 million (2024)
- Barbados — −US$326.8 million (2025)
- Belize — −US$164.55 million (2025)
- Bolivia — −US$1.71 billion (2025)
- Brazil — −US$74.18 billion (2025)
- Cayman Islands — −US$1.49 billion (2024)
More economic policy & debt data for Cuba
- Grants, excluding technical cooperation (BoP, current US$) — 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$92.95 million (2023)
Reading data like this
Questions people ask
- What is Cuba's net primary income (net income from abroad) (current US$)?
- −US$1.55 billion in 2019, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is down 1,326% from −US$109 million in 1970. The highest value was −US$109 million in 1970 and the lowest −US$1.55 billion in 2019.
- Is the latest change in net primary income (net income from abroad) (current US$) unusual for Cuba?
- In 2019, Cuba's net primary income (net income from abroad) (current US$) fell US$79 million on 2018 (from −US$1.48 billion to −US$1.55 billion). Across the 30 yearly changes before that (1989 to 2018), the average change was −US$33.62 million and a typical year strayed about US$163.89 million from that (the standard deviation). This year's change was 0.3 standard deviations below 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 NY.GSR.NFCY.CD, 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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