Home / GDP growth / Cuba
Cuba — GDP growth
GDP Growth (Annual %) for Cuba, 1971–2024.
Latest value · 2024
-1.06%
GDP Growth (Annual %) · annual % · -112.4% since 1971
GDP growth for Cuba was -1.06% in 2024, according to the latest World Bank data. The series covers 54 years, from 1971 to 2024. The highest recorded value was 19.69% in 1981. The lowest was -14.88% in 1993 (about 14.0× the latest value).
Cuba ranks 201 of 212 economies on this measure (1 = highest), putting it in the top 95%. The median for Latin America & Caribbean is 3.38%, so Cuba sits below it. It peaked in 1981 and has fallen 105% since. Over the last decade (2014–2024) the figure moved down 201%.
Key figures
Latest (2024)
-1.06%
First (1971)
8.58%
Change
-112.4%
Highest
19.69%
in 1981
Lowest
-14.88%
in 1993
Average
2.52%
Annual growth (CAGR)
—
Years of data
54
Recent years
| Year | annual % |
|---|---|
| 2024 | -1.06% |
| 2023 | -1.93% |
| 2022 | 1.77% |
| 2021 | 1.25% |
| 2020 | -10.95% |
| 2019 | -0.16% |
| 2018 | 2.25% |
| 2017 | 1.81% |
| 2016 | 0.51% |
| 2015 | 4.44% |
| 2014 | 1.05% |
| 2013 | 2.75% |
Reading this correctly. Annual percentage growth rate of GDP at constant market prices. A negative value means the economy contracted that year. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
NY.GDP.MKTP.KD.ZG — GDP Growth (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.