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’s economic outlook, debt to GDP ratio, international trade performance and population trends.
Basic Information
Government Type: Communist state
Capital City: Havana
GDP & Economic Information
Macroeconomy & Sovereign Data
Central Bank | Central Bank of Cuba |
---|---|
Currency | Cuban pesos (CUP) |
International Reserves | N/A |
Gross Domestic Product – GDP | N/A |
GDP (Purchasing Power Parity) | N/A |
GDP Data
Real GDP growth |
2007 N/A 2008 N/A 2009 N/A 2010 N/A 2011 N/A 2012 N/A 2013 N/A 2014 N/A |
---|---|
GDP per capita – current prices | N/A |
GDP per capita – PPP | N/A |
GDP (PPP) – share of world total |
1980 N/A 1990 N/A 2000 N/A 2010 N/A 2018 N/A |
GDP – composition by sector |
agriculture: 3.8% industry: 24.4% services: 70.8% (2017 estimate) |
Gross domestic expenditure on R&D; (% of GDP) | N/A |
Inflation |
2015 N/A 2016 N/A 2017 N/A 2018 N/A 2019 N/A *Estimate |
Cuba
Inflation & Debt
Inflation |
2015 N/A 2016 N/A 2017 N/A 2018 N/A 2019 N/A *Estimate |
---|---|
Government Bond Ratings |
Standard & Poor’s: N/A Moody’s: Caa2 Standard & Poor’s / Moody’s |
Unemployment rate |
2015 N/A 2016 N/A 2017 N/A 2018 N/A 2019 N/A *Estimate |
Household saving rates | N/A |
Public debt (General government gross debt as a % of GDP) |
2015 N/A 2016 N/A 2017 N/A 2018 N/A 2019 N/A *Estimate |
Public deficit (General government net lending/borrowing as a % of GDP) |
2015 N/A 2016 N/A 2017 N/A 2018 N/A 2019 N/A *Estimate |
Market value of publicly traded shares |
2016 N/A 2017 N/A 2018 N/A |
Largest Companies | N/A |
Import/Export
Exports as percent of GDP (Exports of goods and services) | 14.5% (2017) |
---|---|
Shares in world total merchandising export | 0.01% (2018) |
Shares in world total commercial services export | 0.19% (2018) |
Total exports | USD 12.8 billion (2018 estimate) |
Export commodities | Petroleum, nickel, medical products, sugar, tobacco, fish, citrus, coffee |
Total imports | USD 11.7 billion (2018 estimate) |
Import commodities | Petroleum, food, machinery and equipment, chemicals |
Exports – major partners | Venezuela 17.8%, Spain 12.2%, Russia 7.9%, Lebanon 6.1%, Indonesia 4.5%, Germany 4.3%(2017) |
Imports – major partners | China 22%, Spain 14%, Russia 5%, Brazil 5%, Mexico 4.9%, Italy 4.8%, US 4.5% (2017) |
Competitiveness & Trade
Current account balance | N/A |
---|---|
Current account balance by percentage of GDP | N/A |
FDI inflows |
2016 N/A 2017 N/A 2018 N/A |
FDI Outflows |
2016 N/A 2017 N/A 2018 N/A |
Value of cross-border M&A, by country of purchaser |
2016 N/A 2017 N/A 2018 N/A |
Cross-border M&A deals worth over $3 billion completed in 2014 | N/A |
Cross-border M&A deals worth over $3 billion completed in 2015 | N/A |
Best countries for doing business | N/A |
Global competitiveness ranking | N/A |
Index of Economic Freedom | N/A |
Population & Geographic Data
Total Area |
110,860 sq km |
---|---|
Total Population |
1990 N/A 2000 N/A 2010 N/A 2015 N/A 2020 N/A |
Urban population as % of total population |
1960 N/A 1980 N/A 2000 N/A 2018 N/A |
Population median age | 41.8 years |
Population growth rate | -0.27% (2018 estimate) |
Life expectancy | 78.9 years (2018 estimate) |
% of population living on less than $3.10 a day | N/A |
Inequality of wealth distribution (Gini index) | N/A |
Freedom House rating |
Not Free Political Rights: 7 Civil Liberties: 6 (2019) (1 represents the most free, 7 the least free rating) |
Total telephone subscribers as % of population |
Fixed: 12.7% Mobile: 47.4% (2018) (fixed-telephone subscribers and mobile-cellular subscribers) |
Internet users as % of total population | 57.15 % (2017) |
Language & Religon
Languages | Spanish (official) |
---|---|
Literacy |
Total population: 99.8% Male: 99.9% Female: 99.8% Definition: age 15 and over can read and write (2015 est.) |
Religions | Christian 59.2%, folk 17.4%, other .4%, none 23% (2010 est.) |
World Rankings
Population | N/A |
---|---|
Mercer Cost of living index | Havana: 133rd (2019) |
C02 Emissions per capita |
3.08 metric tons per capita (2014) |
Global Finance Rankings & Awards: Cuba
Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.
Data Sources:
IMF World Economic Outlook
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000