Cuba — GDP growth
GDP Growth (Annual %) for Cuba, 1971–2024.
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%. Within Latin America & Caribbean it ranks 37 of 40 economies; Virgin Islands (U.S.) (-1.31%) is just below it. Its sharpest one-year move was down 6614% in 2020. That is 1047% below this series' own ten-year average.
Data highlights
From its 1971 level: doubled by 1981.
World ranking. Slipped: 28th of 142 in 1971 → 136th of 152 in 1980 → 151st of 176 in 1990 → 51st of 199 in 2000 → 137th of 209 in 2010 → 179th of 209 in 2020 → 187th of 200 in 2024.
Key figures
Full history — 1971 to 2024
| Year | annual % | Change |
|---|---|---|
| 2024 | -1.06% | +0.9 pp |
| 2023 | -1.93% | -3.7 pp |
| 2022 | 1.77% | +0.5 pp |
| 2021 | 1.25% | +12.2 pp |
| 2020 | -10.95% | -10.8 pp |
| 2019 | -0.16% | -2.4 pp |
| 2018 | 2.25% | +0.4 pp |
| 2017 | 1.81% | +1.3 pp |
| 2016 | 0.51% | -3.9 pp |
| 2015 | 4.44% | +3.4 pp |
| 2014 | 1.05% | -1.7 pp |
| 2013 | 2.75% | -0.3 pp |
| 2012 | 3.01% | +0.2 pp |
| 2011 | 2.8% | +0.4 pp |
| 2010 | 2.39% | +0.9 pp |
| 2009 | 1.45% | -2.7 pp |
| 2008 | 4.12% | -3.1 pp |
| 2007 | 7.26% | -4.8 pp |
| 2006 | 12.07% | +0.9 pp |
| 2005 | 11.2% | +5.4 pp |
| 2004 | 5.77% | +2.0 pp |
| 2003 | 3.79% | +2.4 pp |
| 2002 | 1.42% | -1.8 pp |
| 2001 | 3.19% | -2.7 pp |
| 2000 | 5.91% | -0.3 pp |
| 1999 | 6.19% | +6.0 pp |
| 1998 | 0.16% | -2.6 pp |
| 1997 | 2.78% | -5.1 pp |
| 1996 | 7.84% | +5.4 pp |
| 1995 | 2.46% | +1.7 pp |
| 1994 | 0.72% | +15.6 pp |
| 1993 | -14.88% | -3.3 pp |
| 1992 | -11.58% | -0.9 pp |
| 1991 | -10.69% | -7.7 pp |
| 1990 | -2.95% | -3.6 pp |
| 1989 | 0.68% | -3.0 pp |
| 1988 | 3.71% | +6.1 pp |
| 1987 | -2.4% | -2.5 pp |
| 1986 | 0.1% | -1.5 pp |
| 1985 | 1.6% | -6.3 pp |
| 1984 | 7.93% | +2.5 pp |
| 1983 | 5.41% | -3.5 pp |
| 1982 | 8.92% | -10.8 pp |
| 1981 | 19.69% | +24.5 pp |
| 1980 | -4.85% | -5.9 pp |
| 1979 | 1.09% | -5.5 pp |
| 1978 | 6.6% | -2.1 pp |
| 1977 | 8.71% | +3.3 pp |
| 1976 | 5.43% | -4.0 pp |
| 1975 | 9.48% | +8.5 pp |
| 1974 | 0.98% | -2.4 pp |
| 1973 | 3.43% | -1.4 pp |
| 1972 | 4.83% | -3.8 pp |
| 1971 | 8.58% | — |
Frequently asked questions
What was Cuba’s GDP growth in 1972?
4.83% (1972). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Cuba’s GDP growth growing or shrinking?
Between 1971 and 2024 the series was shrinking overall: -112.4% in total.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.KD.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2024: -1.06%; 2023: -1.93%; 2022: 1.77%; 2021: 1.25%; 2020: -10.95%. Earlier years are in the full-history table below.
Related data
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.