What was Cuba's GDP (current US$) in 2020?

In 2020, Cuba's GDP (current US$) was $107.35 billion, according to World Bank Open Data.

Is Cuba's GDP (current US$) rising or falling?

Cuba's GDP (current US$) rose 3.8% from 2019 to 2020.

How does Cuba's GDP (current US$) compare to the world average?

The global average for GDP (current US$) in 2020 was $572.20 billion, so Cuba is below the world average.

Cuba: GDP (current US$)

Name: Cuba: GDP (current US$)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2020, Cuba's GDP (current US$) was $107.35 billion.

That's up 3.8% from 2019, the highest value on record.

The global average for this indicator in 2020 was $572.20 billion .

Source: World Bank Open Data (NY.GDP.MKTP.CD) • Data as of 2020

Trend (2005–2020)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse

Highlights

Peak: $107.35B; 2020
Trough: $42.64B; 2005
1-year change: +3.8%
5-year change: +23.2%; +4.3% / yr
10-year change: +80.2%; +6.1% / yr

Real vs nominal growth

Over the last 10 years, Cuba's nominal GDP (current US$) changed by +80.2%, while real (inflation-adjusted) GDP (constant 2015 US$) changed by -2.9%. The +83.1 percentage-point gap is the combined effect of inflation and currency movement — only the real series isolates underlying economic growth.

Historical Data — Last 10 Years

Year	GDP (current US$)
2020	107.352B
2019	103.428B
2018	100.050B
2017	96.851B
2016	91.370B
2015	87.133B
2014	80.656B
2013	77.148B
2012	73.141B
2011	68.990B

About GDP (current US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.MKTP.CD • Category: Economy

How to read GDP figures: GDP (Gross Domestic Product) is measured in current US dollars, which means values change both due to real economic growth and currency fluctuations. A more useful comparison across countries is GDP per capita, which divides GDP by population. For growth trends, check GDP growth (annual %).

Frequently asked questions

What was Cuba's GDP (current US$) in 2020?: In 2020, Cuba's GDP (current US$) was $107.35 billion, according to World Bank Open Data.
Is Cuba's GDP (current US$) rising or falling?: Cuba's GDP (current US$) rose 3.8% from 2019 to 2020.
How does Cuba's GDP (current US$) compare to the world average?: The global average for GDP (current US$) in 2020 was $572.20 billion, so Cuba is below the world average.
What is GDP (current US$) and how is it measured?: Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

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Source: World Bank Open Data (NY.GDP.MKTP.CD), CC BY 4.0.