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Cuba GDP and Economic Data

Country Report 2017 - Includes Cuba real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Cuba economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Cuba best banks and safest banks are also available.

 
 
Source
Central bank

Central Bank of Cuba

Source
International Reserves

N/A

Source
Gross Domestic Product - GDP

N/A

Source
GDP (Purchasing Power Parity)

N/A

Source
Real GDP growth
2006 2007 2008 2009 2010 2011 2012
N/A N/A N/A N/A N/A N/A N/A
2013 2014 2015 2016 2017    
N/A N/A N/A N/A N/A    

*Estimate

Source
GDP per capita - current prices

N/A

Source
GDP per capita - PPP

N/A

Source
GDP (PPP) - share of world total
1980 1990 2000 2010 2017
N/A N/A N/A N/A N/A

 

Source
 
 
Source
GDP - composition by sector
  • agriculture: 3.9% 
  • industry: 23% 
  • services: 72.2%

(2016 estimate)

Source
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Source
Inflation
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Source
Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Source
Household saving rates

N/A

 

Source
Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Source
Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Source
Government bond ratings

Standard & Poor's: N/A

Moody's: Caa2

Standard & Poor's / Moody's (Updated January 2017)

Source
Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Source
Largest companies

N/A

Source
 
 
Source
Current account balance

N/A

Source
Current account balance by percentage of GDP

N/A

Source
Exports as percent of GDP (Exports of goods and services)

24.1% (2013)

Source
Shares in world total merchandising export

0.03% (2015)​

Source
Shares in world total commercial services export

0.2% (2015)

Source
Total exports

USD 3.4 billion (2016 estimate)

Source
Export commodities

Petroleum, nickel, medical products, sugar, tobacco, fish, citrus, coffee

Source
Total imports

USD 12.3 billion (2016 estimate)

Source
 
 
Source
Import commodities

Petroleum, food, machinery and equipment, chemicals

Source
Exports - major partners

Canada 17.7%, Venezuela 13.8%, China 13%, Netherlands 6.4%, Spain 5.4%, Belize 4.7% (2015)

Source
Imports - major partners

Venezuela 31.8%, China 17.6%, Spain 10%, Brazil 4.8% (2015)

Source
FDI inflows
2013 2014 2015
N/A N/A N/A
Source
FDI outflows
2013 2014 2015
N/A N/A N/A
Source
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Source
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Source
Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Source
Best countries for doing business

N/A

Source
Global competitiveness ranking

N/A

Source
Index of Economic Freedom

Ranking: 177 / Score: 29.79 (Repressed) (2017)

(100=totally free 0=totally repressed)

Source
 
 
Source
Time zone

UTC-5

Source
Total area

110,860 sq km

Source
Capital

Havana

Source
Currency

Cuban pesos (CUP)

Source
Government type

Communist state

Source
Languages

Spanish (official)

Source
Religions

Nominally Roman Catholic 85%, Protestant, Jehovah's Witnesses, Jewish, Santeria

Note: prior to CASTRO assuming power

Source
Total population
1980 1990 2000 2016* 2021*
N/A N/A N/A N/A N/A

*Estimate   

Source
 
 
Source
Urban population as % of total population
1960 1980 2000 2015
58% 68% 75% 77%
Source
Population median age

41.1 years (2016 estimate)

Source
Population growth rate

-0.3% (2016 estimate)

Source
Life expectancy

78.7 years (2016 estimate)

Source
Literacy

Total population: 99.8%
Male: 99.9%
Female: 99.8% (2015 est.)

(age 15 and over can read and write) 

Source
% of population living on less than $3.10 a day

N/A

Source
Inequality of wealth distribution (Gini index)

N/A

 

Source
Freedom House rating

Political Rights: 7
Civil Liberties: 6 (2017)                         

(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed 11.52%   Mobile 29.65% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Source
Internet users as % of total population

37.31% (2015)

Source
Mercer Cost of living index

Havana: 170th (2016)

Source
CO2 emissions

3.5 (2013)

Source

World's Best Subcustodian Banks

2010

World's Biggest Banks

2010
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