Cuba — GDP
GDP (Nominal) for Cuba, 1970–2020.
GDP for Cuba was 107.35 billion in 2020, according to the latest World Bank data. The series covers 51 years, from 1970 to 2020. The latest year is also the highest value on record for this series. The lowest was 5.69 billion in 1970 (about 18.9× the low point). Across that span the compound annual growth rate works out to 6.05% per year.
Cuba ranks 73 of 212 economies on this measure (1 = highest), putting it in the top 34%. The median for Latin America & Caribbean is 32.08 billion, so Cuba sits above it. Over the last decade (2010–2020) the figure moved up 80%. Within Latin America & Caribbean it ranks 11 of 40 economies; Costa Rica (102.90 billion) is just below it. Its sharpest one-year move was up 27% in 1994. That is 25% above this series' own ten-year average.
Data highlights
From its 1970 level: doubled by 1974; grown tenfold by 2009. Doubling roughly every 12 years at that pace.
World ranking. Slipped: 43rd of 146 in 1970 → 52nd of 163 in 1980 → 59th of 192 in 1990 → 61st of 204 in 2000 → 68th of 212 in 2010 → 61st of 210 in 2020.
Key figures
Full history — 1970 to 2020
| Year | current US$ | Change |
|---|---|---|
| 2020 | 107,352,000,000 | +3.8% |
| 2019 | 103,427,600,000 | +3.4% |
| 2018 | 100,050,036,100 | +3.3% |
| 2017 | 96,850,649,700 | +6.0% |
| 2016 | 91,370,407,900 | +4.9% |
| 2015 | 87,132,800,000 | +8.0% |
| 2014 | 80,656,100,000 | +4.5% |
| 2013 | 77,148,000,000 | +5.5% |
| 2012 | 73,141,000,000 | +6.0% |
| 2011 | 68,990,000,000 | +15.8% |
| 2010 | 59,562,962,962.96 | +3.6% |
| 2009 | 57,481,481,481.48 | +2.1% |
| 2008 | 56,302,129,629.63 | +3.8% |
| 2007 | 54,262,870,370.37 | +11.1% |
| 2006 | 48,835,925,925.93 | +14.5% |
| 2005 | 42,643,836,100 | +11.6% |
| 2004 | 38,203,000,000 | +6.4% |
| 2003 | 35,901,200,000 | +6.9% |
| 2002 | 33,590,500,000 | +6.0% |
| 2001 | 31,682,400,000 | +3.7% |
| 2000 | 30,565,400,000 | +7.8% |
| 1999 | 28,364,615,200 | +10.2% |
| 1998 | 25,736,331,200 | +1.5% |
| 1997 | 25,365,908,100 | +1.4% |
| 1996 | 25,017,368,700 | -17.8% |
| 1995 | 30,429,803,651.22 | +7.0% |
| 1994 | 28,448,326,756.76 | +27.2% |
| 1993 | 22,367,254,864.86 | +1.3% |
| 1992 | 22,085,858,243.24 | -9.2% |
| 1991 | 24,316,556,025.66 | -15.1% |
| 1990 | 28,645,436,569.15 | +6.0% |
| 1989 | 27,023,468,665.9 | -1.6% |
| 1988 | 27,458,999,472.3 | +8.9% |
| 1987 | 25,213,935,012.08 | +4.1% |
| 1986 | 24,226,574,634.03 | +5.7% |
| 1985 | 22,920,490,774.1 | -4.7% |
| 1984 | 24,039,383,608.42 | +8.3% |
| 1983 | 22,204,940,512.22 | +6.0% |
| 1982 | 20,953,510,235.29 | +4.0% |
| 1981 | 20,150,254,096.39 | +1.2% |
| 1980 | 19,912,889,861.11 | +1.7% |
| 1979 | 19,584,443,287.67 | +9.7% |
| 1978 | 17,844,705,324.68 | +25.6% |
| 1977 | 14,206,158,674.7 | +3.0% |
| 1976 | 13,789,579,902.56 | +5.9% |
| 1975 | 13,027,415,243.9 | +14.2% |
| 1974 | 11,405,957,317.07 | +14.2% |
| 1973 | 9,987,709,650.18 | +22.8% |
| 1972 | 8,135,150,891.92 | +17.7% |
| 1971 | 6,914,658,400 | +21.5% |
| 1970 | 5,693,005,200 | — |
Frequently asked questions
What was Cuba’s GDP in 1971?
6,914,658,400 (1971). The full year-by-year table above lists every published year, most recent first.
Are Cuba’s GDP figures nominal or inflation-adjusted?
They are exactly as the World Bank publishes them — current US$ — with no inflation restatement and no PPP conversion. Years the source does not report are omitted rather than interpolated.
Is Cuba’s GDP growing or shrinking?
Between 1970 and 2020 the series was growing overall: +1785.7% in total — about 6.0% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.CD. 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: 2020: 107,352,000,000; 2019: 103,427,600,000; 2018: 100,050,036,100; 2017: 96,850,649,700; 2016: 91,370,407,900. Earlier years are in the full-history table below.
Related data
NY.GDP.MKTP.CD — GDP (Nominal). 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.