Cuba: economy

What is Cuba's GDP growth rate?

Cuba's real GDP fell 1.1% in 2024, after a fall of 1.9% in 2023, according to the World Bank. GDP grew 1.8% in 2022.

The World Bank series comes from Cuba's official national accounts. Cuba's National Office of Statistics and Information (ONEI), which publishes the national figures in its Statistical Yearbook, did not respond to our check on 15 October 2026. The IMF's World Economic Outlook publishes no figures for Cuba, which is not an IMF member. Cuba's multiple exchange rates make comparisons with other countries in dollar terms unreliable; growth rates at constant prices avoid that problem.

Official sources: World Bank: GDP growth (annual %), Cuba

What is Cuba's GDP per capita?

Cuba's GDP per capita was US$9,605 in 2020, the latest year in the World Bank series. Total GDP was US$107.4 billion.

The dollar figures convert pesos at the official exchange rate of 1 peso per dollar used in Cuba's national accounts until 2020. After the 2021 currency unification the peso was devalued sharply, and no comparable dollar series has been published since, so the 2020 figure is not comparable with incomes measured at market exchange rates. Cuba's National Office of Statistics and Information (ONEI), which publishes the national figures in its Statistical Yearbook, did not respond to our check on 15 October 2026.

Official sources: World Bank: GDP per capita (current US$), Cuba

How fast is Cuba's economy growing?

The World Bank puts real GDP growth in Cuba at -1.1% in 2024. Its high point since 2005 was 2006, at 12.1%; its low point was 2020, at -10.9%. Across Latin America & Caribbean the middle value was 2.8%, and Cuba placed 29th highest of 33. Worldwide: 175th of 186.

How rich is Cuba per person?

According to the World Bank, GDP per person in Cuba was $9,605 in 2020. That is the highest since at least 2005. Latin America & Caribbean median: $7,135; Cuba is 10th highest of 33. World rank, highest first: 66th of 189.

What share of Cuba's economy is exports?

The latest figure from the World Bank, for 2024, is 42.5% of GDP. Its high point since 2005 was 2023, at 45.6% of GDP; its low point was 2020, at 8.2% of GDP. It is 3rd highest of 22 in Latin America & Caribbean, where the median is 31.6% of GDP. Of 162 countries with 2024 data, 60th highest.

How much foreign investment does Cuba receive?

0.0% of GDP: that is net inflows of foreign direct investment in Cuba for 2020, according to the IMF. Its high point since 2005 was 2013, at 0.2% of GDP; its low point was 2011, at -0.6% of GDP. It is 30th highest of 33 in Latin America & Caribbean, where the median is 2.6% of GDP. Of 183 countries with 2020 data, 152nd highest.