Cuba GDP
Gross Domestic Product in current US dollars NY.GDP.MKTP.CD
Cuba's gdp was $107.4B in 2020, ranked 150th globally. This represents a 3.8% increase from 2019. Data from World Bank, covering 1970–2020.
Overview
Cuba's gdp stood at $107.4B in 2020, a rise of +$3.9B from 2019. Cuba ranked 150th globally.
Cuba’s gross domestic product rose from a modest $5,693,005,200.00 in 1970, the all‑time trough, to $107,352,000,000.00 in 2020, the highest level recorded over the 51‑year span and the figure that placed the island at rank 150 globally. This expansion represents an average annual increase of roughly $1.9 billion, reflecting gradual diversification beyond sugar exports, modest growth in tourism, and periodic inflows of remittances, albeit constrained by the long‑standing U.S. embargo and limited access to international credit markets. By comparison, the Slovak Republic posted $107,732,602,896.44 and Kenya $100,657,505,750.54 in the same year, underscoring that Cuba’s output now approaches that of middle‑income economies despite its socialist model. The trajectory suggests that further liberalisation of foreign investment rules, combined with sustained improvements in energy efficiency, could accelerate growth, while any reversal of sanctions would likely amplify the upward trend.
Data & projection
| Year | GDP | YoY change | Rank |
|---|---|---|---|
| 2020 | $107.4B | +$3.9B | #150 |
| 2019 | $103.4B | +$3.4B | #150 |
| 2018 | $100.1B | +$3.2B | #149 |
| 2017 | $96.9B | +$5.5B | #150 |
| 2016 | $91.4B | +$4.2B | #150 |
| 2015 | $87.1B | +$6.5B | #148 |
| 2014 | $80.7B | +$3.5B | #146 |
| 2013 | $77.1B | +$4.0B | #147 |
| 2012 | $73.1B | +$4.2B | #146 |
| 2011 | $69.0B | +$9.4B | #148 |
| 2010 | $59.6B | +$2.1B | #145 |
| 2009 | $57.5B | +$1.2B | #146 |
| 2008 | $56.3B | +$2.0B | #140 |
| 2007 | $54.3B | +$5.4B | #143 |
| 2006 | $48.8B | +$6.2B | #144 |
Analysis
Cuba's gdp was $107.4B in 2020, a rise of +$3.9B from 2019.
Frequently Asked Questions
Cuba's gdp was $107.4B in 2020. Ranked 150th globally. This represents a 3.8% increase from the previous year.
Cuba's gdp peaked at $107.4B in 2020.
The lowest gdp in Cuba was $5.7B in 1970.
Cuba ranks 150th globally in gdp as of 2020.
The World Bank indicator code is NY.GDP.MKTP.CD. Data sourced from World Bank.
Cuba's gdp was approximately 107.35 billion ($107.4B) in 2020.
The gdp of Cuba in 2020 was $107.4B. This ranks 150th in the world.
Cite this page
@misc{historysaid_cuba_gdp,
title = {Cuba GDP},
url = {https://historysaid.com/cuba/gdp/},
publisher = {HistorySaid},
year = {2026}
}