GDP growth — all countries

GDP growth — Cuba

GDP growth in Cuba in 2024 — -1.06%. Ranked 187 in the world out of 200. Since 1971, the indicator has fallen by 9.65 pp.

2024 -1.06% +0.87 pp vs 2023
World rank 187of 200
Period maximum 19.69%1981
Period minimum -14.88%1993

Trend over time

1971–2024 · % per year

GDP growth — Cuba, 1971–2024-20-100102019711977198319891995200120072013201920241971: 8.58%1972: 4.83%1973: 3.43%1974: 0.98%1975: 9.48%1976: 5.43%1977: 8.71%1978: 6.6%1979: 1.09%1980: -4.85%1981: 19.69%1982: 8.92%1983: 5.41%1984: 7.93%1985: 1.6%1986: 0.1%1987: -2.4%1988: 3.71%1989: 0.68%1990: -2.95%1991: -10.69%1992: -11.58%1993: -14.88%1994: 0.72%1995: 2.46%1996: 7.84%1997: 2.78%1998: 0.16%1999: 6.19%2000: 5.91%2001: 3.19%2002: 1.42%2003: 3.79%2004: 5.77%2005: 11.2%2006: 12.07%2007: 7.26%2008: 4.12%2009: 1.45%2010: 2.39%2011: 2.8%2012: 3.01%2013: 2.75%2014: 1.05%2015: 4.44%2016: 0.51%2017: 1.81%2018: 2.25%2019: -0.16%2020: -10.95%2021: 1.25%2022: 1.77%2023: -1.93%2024: -1.06%
Change over the period: −9.65 pp Annual average: -0.18 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Cuba

Cuba -1.06%
World 2.9%
Caribbean computed 3.12%
GDP growth — Cuba, by year Cuba All countries CSV XLSX
Year % Change, pp
2024 -1.06 +0.87 pp
2023 -1.93 −3.7 pp
2022 1.77 +0.52 pp
2021 1.25 +12.2 pp
2020 -10.95 −10.79 pp
2019 -0.16 −2.41 pp
2018 2.25 +0.44 pp
2017 1.81 +1.3 pp
2016 0.51 −3.93 pp
2015 4.44 +3.39 pp
2014 1.05 −1.7 pp
2013 2.75 −0.27 pp
2012 3.01 +0.21 pp
2011 2.8 +0.41 pp
2010 2.39 +0.94 pp
2009 1.45 −2.67 pp
2008 4.12 −3.15 pp
2007 7.26 −4.8 pp
2006 12.07 +0.86 pp
2005 11.2 +5.43 pp
2004 5.77 +1.98 pp
2003 3.79 +2.37 pp
2002 1.42 −1.76 pp
2001 3.19 −2.73 pp
2000 5.91 −0.27 pp
1999 6.19 +6.03 pp
1998 0.16 −2.62 pp
1997 2.78 −5.06 pp
1996 7.84 +5.38 pp
1995 2.46 +1.74 pp
1994 0.72 +15.6 pp
1993 -14.88 −3.3 pp
1992 -11.58 −0.89 pp
1991 -10.69 −7.74 pp
1990 -2.95 −3.63 pp
1989 0.68 −3.03 pp
1988 3.71 +6.11 pp
1987 -2.4 −2.5 pp
1986 0.1 −1.5 pp
1985 1.6 −6.33 pp
1984 7.93 +2.52 pp
1983 5.41 −3.51 pp
1982 8.92 −10.77 pp
1981 19.69 +24.54 pp
1980 -4.85 −5.94 pp
1979 1.09 −5.51 pp
1978 6.6 −2.11 pp
1977 8.71 +3.28 pp
1976 5.43 −4.05 pp
1975 9.48 +8.49 pp
1974 0.98 −2.45 pp
1973 3.43 −1.39 pp
1972 4.83 −3.76 pp
1971 8.58

About the indicator

The annual growth rate of gross domestic product in constant local currency prices. Because the calculation runs in constant prices, the indicator is clear of inflation and of exchange rate swings, so it shows the real movement of the economy. Two consecutive quarters of negative values are conventionally called a technical recession, but the data here are annual.

Source: World Development Indicators (World Bank), license CC BY 4.0.