Cuba: Imports of goods and services (% of GDP)
In , Cuba's Imports of goods and services (% of GDP) was 82.39.
That's up 10.0% from 2023, the highest value on record.
The global average for this indicator in 2024 was 47.94 . Cuba ranks #15 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #1 of 24.
Source: World Bank Open Data (NE.IMP.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 82.39
- Trough
- 7.51
- 1-year change
- +10.0%
- 5-year change
- +676.7%
- +50.7% / yr
- 10-year change
- +379.3%
- +17.0% / yr
Historical Data — Last 10 Years
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 82.3931 | |
| 74.9071 | |
| 53.3711 | |
| 45.1302 | |
| 7.5145 | |
| 10.6075 | |
| 12.5608 | |
| 11.6712 | |
| 12.2866 | |
| 14.4664 |
About Imports of goods and services (% of GDP)
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.IMP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Cuba's Imports of goods and services (% of GDP) in 2024?
- In 2024, Cuba's Imports of goods and services (% of GDP) was 82.39, according to World Bank Open Data.
- Is Cuba's Imports of goods and services (% of GDP) rising or falling?
- Cuba's Imports of goods and services (% of GDP) rose 10.0% from 2023 to 2024.
- How does Cuba rank globally on Imports of goods and services (% of GDP)?
- In 2024, Cuba ranked #15 out of 160 countries reporting Imports of goods and services (% of GDP).
- How does Cuba's Imports of goods and services (% of GDP) compare to the world average?
- The global average for Imports of goods and services (% of GDP) in 2024 was 47.94, so Cuba is above the world average. Within Latin America & Caribbean, it ranks #1 of 24.
- What is Imports of goods and services (% of GDP) and how is it measured?
- Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.IMP.GNFS.ZS), CC BY 4.0.