Economy · Latin America & Caribbean · Upper-middle income
Cuba: the economy in numbers
GDP is $107bn (2020), 73rd of 211 in the world and 11th of 41 in Latin America & Caribbean. GDP per capita is $9,605 (2020), 107th of 211 in the world and 28th of 41 in Latin America & Caribbean. GNI per capita is $9,010 (2019).
GDP
Cuba
GDP per capita
CubaLatin America & CaribbeanUpper-middle incomeWorld
11 indicators
Economy: Cuba in detail
Latest reported value, world rank and rank within Latin America & Caribbean; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GDPGDP, current US$ | $107bn2020 | 73/211 | 11/41 | $30.6bn | $59.6bn | $107bn | +80%since 2010 | $7.4tn | $33.5tn | $118tn | |
| GDP per capitaGDP per capita, current US$ | $9,6052020 | 107/211 | 28/41 | $2,751 | $5,272 | $9,605 | +82%since 2010 | $11,095 | $10,890 | $14,406 | |
| GNI per capitaGNI per capita, Atlas method, US$ | $9,0102019 | — | — | $2,620 | $5,170 | $9,0102019 | +77%since 2009 | $10,634 | $10,938 | $14,244 | |
| GDP growthGDP growth, annual % | -1.1%2024 | 200/210 | 38/41 | 5.9% | 2.4% | -10.9% | −2.1 ppsince 2014 | 2.3% | 4.2% | 2.9% | |
| GDP per capita growthGDP per capita growth, annual % | -0.7%2024 | 188/210 | 36/41 | 5.6% | 2.4% | -10.7% | −1.9 ppsince 2014 | 1.6% | 3.9% | 2.0% | |
| Agriculture shareAgriculture, forestry and fishing, % of GDP | 1.2%2024 | 166/198 | 30/37 | 6.6% | 3.6% | 2.8% | −2.7 ppsince 2014 | 6.8% | 6.9% | 4.0% | |
| Industry shareIndustry incl. construction, % of GDP | 23.8%2024 | 101/201 | 17/38 | 25.5% | 22.9% | 23.0% | +1.7 ppsince 2014 | 30.3% | 32.7% | 25.0% | |
| Manufacturing shareManufacturing, value added, % of GDP | 10.7%2024 | 92/194 | 18/38 | 16.4% | 15.6% | 11.2% | −4.4 ppsince 2014 | 17.1% | 21.0% | 14.9% | |
| Services shareServices, % of GDP | 73.4%2024 | 21/201 | 7/38 | 66.6% | 72.5% | 73.5% | +0.5 ppsince 2014 | 68.2% | 56.9% | 63.3% | |
| InvestmentGross capital formation, % of GDP | 24.2%2024 | 75/175 | 8/25 | 12.5% | 10.1% | 9.9% | +16.6 ppsince 2014 | 19.0% | 33.7% | 26.3% | |
| Resource rentsNatural resources rents, % of GDP | 0.6%2020 | 129/209 | 20/39 | 1.9% | 2.7% | 0.6% | −2.1 ppsince 2010 | 6.1% | 3.8% | 3.1% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- GDP+80%$107bn in 2020
- GDP per capita+82%$9,605 in 2020
- GNI per capita+77%$9,010 in 2019
Worse than ten years ago
- GDP growth−2.1 pp-1.1% in 2024
- GDP per capita growth−1.9 pp-0.7% in 2024
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Cuba and its neighbours
Countries sharing a land border with Cuba. Latest values since 2005; the highest in each row is marked.
| Indicator | Cuba | United States | United Kingdom |
|---|---|---|---|
| GDP | $107bn2020 | $30.8tn2025 | $4.0tn2025 |
| GDP per capita | $9,6052020 | $90,0272025 | $57,6022025 |
| GNI per capita | $9,0102019 | $88,8102025 | $54,5502025 |
| GDP growth | -1.1%2024 | 2.2%2025 | 1.4%2025 |
| GDP per capita growth | -0.7%2024 | 1.6%2025 | 1.1%2025 |
| Agriculture share | 1.2%2024 | 0.9%2021 | 0.6%2025 |
| Industry share | 23.8%2024 | 17.6%2021 | 16.5%2025 |
| Manufacturing share | 10.7%2024 | 10.5%2021 | 7.7%2025 |
| Services share | 73.4%2024 | 76.3%2021 | 73.1%2025 |