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Cuba Economy

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

Cuba Economic Data

2019 2020 2021 2022 2023
Population (million) 11.2 11.2 11.1 11.1 11.0
GDP (USD bn) 103.4 107.4 22.7 26.4 -
GDP per capita (USD) 9,232 9,605 2,043 2,386 -
Economic Growth (Nominal GDP, ann. var. %) 3.4 3.8 407.9 16.2 -
Economic Growth (GDP, ann. var. %) -0.2 -10.9 1.3 1.8 -
Private Consumption (ann. var. %) -0.9 -8.7 -2.7 2.1 -
Government Consumption (ann. var. %) 3.9 -10.1 15.0 1.5 -
Fixed Investment (ann. var. %) -0.4 -3.9 0.1 -5.8 -
Exports (G&S, ann. var. %) -4.6 -20.5 -9.1 -2.4 -
Imports (G&S, ann. var. %) -3.2 -7.6 -4.6 -9.2 -
Fiscal Balance (% of GDP) -6.2 -17.7 -11.7 -11.1 -
Inflation (CPI, ann. var. %, eop) -1.3 18.5 77.3 39.1 31.3
Exchange Rate (CUP per USD, eop) 1.00 1.00 24.00 24.00 24.00
Exchange Rate (LCU per USD, aop) 1.00 1.00 24.00 24.00 24.00
Current Account Balance (USD bn) 1.7 -0.5 - - -
Current Account Balance (% of GDP) 1.6 -0.5 - - -
Merchandise Trade Balance (USD bn) -7.8 -5.5 -6.5 -7.7 -7.0
Merchandise Exports (USD bn) 2.1 1.7 2.0 2.2 1.9
Merchandise Imports (USD bn) 9.9 7.2 8.4 9.8 8.9
Merchandise Exports (ann. var. %) -13.1 -17.4 15.4 10.4 -10.6
Merchandise Imports (ann. var. %) -13.8 -27.0 16.6 16.6 -9.3

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