Cuba Economy: GDP, Inflation, CPI & Interest Rates

This chart displays Economic Growth (GDP, annual variation in %) for Cuba from 2013 to 2022.

Cuba Economic Data

	2018	2019	2020	2021	2022
Population (million)	11.3	11.3	11.3	11.3	11.2
GDP (USD bn)	100.1	103.4	107.4	22.7	26.4
GDP per capita (USD)	8,832	9,139	9,500	2,018	2,354
Economic Growth (Nominal GDP, ann. var. %)	3.3	3.4	3.8	407.9	16.2
Economic Growth (GDP, ann. var. %)	2.2	-0.2	-10.9	1.3	1.8
Private Consumption (ann. var. %)	2.2	-0.9	-8.7	-2.7	2.1
Government Consumption (ann. var. %)	1.3	3.9	-10.1	15.0	1.5
Fixed Investment (ann. var. %)	6.3	-0.4	-3.9	0.1	-5.8
Exports (G&S, ann. var. %)	-2.4	-4.6	-20.5	-9.1	-2.4
Imports (G&S, ann. var. %)	-1.7	-3.2	-7.6	-4.6	-9.2
Fiscal Balance (% of GDP)	-8.1	-6.2	-17.7	-11.7	-11.1
Inflation (CPI, ann. var. %, eop)	2.4	-1.3	18.5	77.3	39.1
Exchange Rate (CUP per USD, eop)	1.00	1.00	1.00	24.00	24.00
Exchange Rate (LCU per USD, aop)	1.00	1.00	1.00	24.00	24.00
Current Account Balance (USD bn)	1.2	1.7	-0.5	-	-
Current Account Balance (% of GDP)	1.2	1.6	-0.5	-	-
Merchandise Trade Balance (USD bn)	-9.1	-7.8	-5.5	-6.5	-
Merchandise Exports (USD bn)	2.4	2.1	1.7	2.0	1.8
Merchandise Imports (USD bn)	11.5	9.9	7.2	8.4	-
Merchandise Exports (ann. var. %)	-1.2	-13.1	-17.4	15.4	-10.3
Merchandise Imports (ann. var. %)	12.9	-13.8	-27.0	16.6	-