Cuba's net secondary income (net current transfers from abroad) (current US$) was US$1.89 billion in 2019, the latest year in the World Bank's World Development Indicators. That is up 766.76% from US$217.59 million in 2009 (24.11% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.89 billion | 2019 |
| Five years earlier | US$220 million | 2014 |
| Ten years earlier | US$217.59 million | 2009 |
| Highest | US$1.89 billion | 2019 |
| Lowest | −US$394 million | 2012 |
| Average since 2010 | US$362.95 million | 2010–2019 |
| First recorded | US$355.27 million |
What the numbers say
In 2019, Cuba's net secondary income (net current transfers from abroad) (current US$) rose US$1.13 billion on 2018 (from US$758 million to US$1.89 billion).
Across the 23 yearly changes before that (1994 to 2018), the average change was +US$10.35 million and a typical year strayed about US$438.97 million from that (the standard deviation). This year's change was 2.5 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was US$1.13 billion in 2019 and the biggest yearly fall was US$1.34 billion in 2005. 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$175.07 million a year. A straight line explains 66% 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.
Closest to Cuba in the 2019 ranking
- Niger — 2nd of 2: US$600.72 million
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 26 values
| Year | Net secondary income (net current transfers from abroad) (current US$) |
|---|---|
| 2019 | 1,886,000,000 |
| 2018 | 758,000,000 |
| 2017 | 464,000,000 |
| 2016 | 617,000,000 |
| 2015 | 219,000,000 |
| 2014 | 220,000,000 |
| 2013 | -220,000,000 |
| 2012 | -394,000,000 |
| 2011 | 261,000,000 |
| 2010 | -181,481,481 |
Net secondary income (net current transfers from abroad) (current US$) in nearby economies
- Antigua and Barbuda — −US$105.78 million (2025)
- Argentina — US$2.19 billion (2025)
- Aruba — −US$79.9 million (2024)
- Bahamas, The — −US$29.9 million (2024)
- Barbados — US$90.5 million (2025)
- Belize — US$149.91 million (2025)
- Bolivia — US$1.19 billion (2025)
- Brazil — US$5.22 billion (2025)
- Cayman Islands
More economic policy & debt data for Cuba
- Grants, excluding technical cooperation (BoP, current US$) — 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$92.95 million (2023)
Reading data like this
Questions people ask
- What is Cuba's net secondary income (net current transfers from abroad) (current US$)?
- US$1.89 billion in 2019, according to the World Bank (World Development Indicators).
- How has it changed since 1993?
- It is up 430.86% from US$355.27 million in 1993 (6.63% a year on average, compounded). The highest value was US$1.89 billion in 2019 and the lowest −US$394 million in 2012.
- Is the latest change in net secondary income (net current transfers from abroad) (current US$) unusual for Cuba?
- In 2019, Cuba's net secondary income (net current transfers from abroad) (current US$) rose US$1.13 billion on 2018 (from US$758 million to US$1.89 billion). Across the 23 yearly changes before that (1994 to 2018), the average change was +US$10.35 million and a typical year strayed about US$438.97 million from that (the standard deviation). This year's change was 2.5 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator NY.TRF.NCTR.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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