Cuba Economy: GDP, Inflation, CPI & Interest Rates

This chart displays Economic Growth (GDP, annual variation in %) for Cuba from 2013 to 2023.

Cuba Economic Indicators

	2019	2020	2021	2022	2023
Population (million)	11.2	11.2	11.1	11.1	11.0
GDP (USD bn)	103.4	107.4	22.7	26.4	-
GDP per capita (USD)	9,232	9,605	2,043	2,386	-
Economic Growth (Nominal GDP, ann. var. %)	3.4	3.8	407.9	16.2	-
Economic Growth (GDP, ann. var. %)	-0.2	-10.9	1.3	1.8	-1.9
Private Consumption (ann. var. %)	-0.9	-8.7	-2.7	2.1	-
Government Consumption (ann. var. %)	3.9	-10.1	15.0	1.5	-
Fixed Investment (ann. var. %)	-0.4	-3.9	0.1	-5.8	-
Exports (G&S, ann. var. %)	-4.6	-20.5	-9.1	-2.4	-
Imports (G&S, ann. var. %)	-3.2	-7.6	-4.6	-9.2	-
Fiscal Balance (% of GDP)	-6.2	-17.7	-11.7	-11.1	-
Inflation (CPI, ann. var. %, eop)	-1.3	18.5	77.3	39.1	31.3
Exchange Rate (CUP per USD, eop)	1.00	1.00	24.00	24.00	24.00
Exchange Rate (LCU per USD, aop)	1.00	1.00	24.00	24.00	24.00
Current Account Balance (USD bn)	1.7	-0.5	-	-	-
Current Account Balance (% of GDP)	1.6	-0.5	-	-	-
Merchandise Trade Balance (USD bn)	-7.8	-5.5	-6.5	-7.7	-8.0
Merchandise Exports (USD bn)	2.1	1.7	2.0	2.2	1.9
Merchandise Imports (USD bn)	9.9	7.2	8.4	9.8	10.0
Merchandise Exports (ann. var. %)	-13.1	-17.4	15.4	10.4	-10.6
Merchandise Imports (ann. var. %)	-13.8	-27.0	16.6	16.6	1.3