Current Account Balance in Cuba
The current account balance in Cuba averaged 2.0% of GDP in the decade to 2020, which is above the Central America and Caribbean average of -1.9% of GDP. The 2020 reading was -0.5% of GDP. For more current account information, visit our dedicated page.
Cuba Current Account Chart
Note: This chart displays Current Account (% of GDP) for Cuba from 2011 to 2013.
Source: Macrobond.
Cuba Current Account Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | 1.6 | -0.5 | - | - | - |
| Current Account Balance (USD bn) | 1.7 | -0.5 | - | - | - |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Cuban current account projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Cuban current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Cuban current account projections.
Want to get access to the full dataset of Cuban current account forecasts? Send an email to info@focus-economics.com.