[ Nominal GDP in billions of USD ]
Year -
$107.35 billions
Cuba GDP expanded from 1970 to 2020, increasing from $5.69 billion to $107.35 billion.The compound annual growth rate (CAGR) averaged 6.05% over the period. The economy recorded its peak level in 2020 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 22.9%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2020 | N/A |
| Latest GDP | $ 107.35 Billions | N/A |
| Growth (YoY) | 3.794% | N/A |
| Net Change vs Previous Year | $ 3.92 Billion | N/A |
| % of World GDP | 0.12% | N/A |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | 5.69 | - | - | - | - | - |
| 1971 | 6.91 | 1.22 | 21.459 % | - | - | - |
| 1972 | 8.14 | 1.22 | 17.651 % | - | - | - |
| 1973 | 9.99 | 1.85 | 22.772 % | - | - | - |
| 1974 | 11.41 | 1.42 | 14.2 % | - | - | - |
| 1975 | 13.03 | 1.62 | 14.216 % | - | - | - |
| 1976 | 13.79 | 0.76 | 5.85 % | - | - | - |
| 1977 | 14.21 | 0.42 | 3.021 % | - | - | - |
| 1978 | 17.84 | 3.64 | 25.612 % | - | - | - |
| 1979 | 19.58 | 1.74 | 9.749 % | - | - | - |
| 1980 | 19.91 | 0.33 | 1.677 % | - | - | - |
| 1981 | 20.15 | 0.24 | 1.192 % | - | - | - |
| 1982 | 20.95 | 0.8 | 3.986 % | - | - | - |
| 1983 | 22.2 | 1.25 | 5.972 % | - | - | - |
| 1984 | 24.04 | 1.83 | 8.261 % | - | - | - |
| 1985 | 22.92 | -1.12 | -4.654 % | - | - | - |
| 1986 | 24.23 | 1.31 | 5.698 % | - | - | - |
| 1987 | 25.21 | 0.99 | 4.076 % | - | - | - |
| 1988 | 27.46 | 2.25 | 8.904 % | - | - | - |
| 1989 | 27.02 | -0.44 | -1.586 % | - | - | - |
| 1990 | 28.65 | 1.62 | 6.002 % | - | - | - |
| 1991 | 24.32 | -4.33 | -15.112 % | - | - | - |
| 1992 | 22.09 | -2.23 | -9.174 % | - | - | - |
| 1993 | 22.37 | 0.28 | 1.274 % | - | - | - |
| 1994 | 28.45 | 6.08 | 27.187 % | - | - | - |
| 1995 | 30.43 | 1.98 | 6.965 % | - | - | - |
| 1996 | 25.02 | -5.41 | -17.787 % | - | - | - |
| 1997 | 25.37 | 0.35 | 1.393 % | - | - | - |
| 1998 | 25.74 | 0.37 | 1.46 % | - | - | - |
| 1999 | 28.36 | 2.63 | 10.212 % | - | - | - |
| 2000 | 30.57 | 2.2 | 7.759 % | - | - | - |
| 2001 | 31.68 | 1.12 | 3.654 % | - | - | - |
| 2002 | 33.59 | 1.91 | 6.023 % | - | - | - |
| 2003 | 35.9 | 2.31 | 6.879 % | - | - | - |
| 2004 | 38.2 | 2.3 | 6.411 % | - | - | - |
| 2005 | 42.64 | 4.44 | 11.624 % | - | - | - |
| 2006 | 48.84 | 6.19 | 14.52 % | - | - | - |
| 2007 | 54.26 | 5.43 | 11.113 % | - | - | - |
| 2008 | 56.3 | 2.04 | 3.758 % | - | - | - |
| 2009 | 57.48 | 1.18 | 2.095 % | - | - | - |
| 2010 | 59.56 | 2.08 | 3.621 % | - | - | - |
| 2011 | 68.99 | 9.43 | 15.827 % | - | - | - |
| 2012 | 73.14 | 4.15 | 6.017 % | - | - | - |
| 2013 | 77.15 | 4.01 | 5.478 % | - | - | - |
| 2014 | 80.66 | 3.51 | 4.547 % | - | - | - |
| 2015 | 87.13 | 6.48 | 8.03 % | - | - | - |
| 2016 | 91.37 | 4.24 | 4.863 % | - | - | - |
| 2017 | 96.85 | 5.48 | 5.998 % | - | - | - |
| 2018 | 100.05 | 3.2 | 3.303 % | - | - | - |
| 2019 | 103.43 | 3.38 | 3.376 % | - | - | - |
| 2020 | 107.35 | 3.92 | 3.794 % | - | - | - |
| 2021 | - | - | - | - | - | - |
| 2022 | - | - | - | - | - | - |
| 2023 | - | - | - | - | - | - |
| 2024 | - | - | - | - | - | - |
Between 1970 to 2020, Cuba experienced the following economic phases:
The most remarkable growth occurred in 1994 with an increase of 27.187%, while the largest decline was in 1996 at -17.787%.