Cuba: Trade (% of GDP)
In , Cuba's Trade (% of GDP) was 124.86.
That's up 3.6% from 2023, the highest value on record.
The global average for this indicator in 2024 was 92.19 . Cuba ranks #38 globally out of 160 reporting countries. Within Latin America & Caribbean, it ranks #2 of 24.
Source: World Bank Open Data (NE.TRD.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
- 124.86
- Trough
- 15.68
- 1-year change
- +3.6%
- 5-year change
- +447.1%
- +40.5% / yr
- 10-year change
- +217.9%
- +12.3% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 124.8632 | |
| 120.5339 | |
| 93.8608 | |
| 80.0238 | |
| 15.6830 | |
| 22.8209 | |
| 27.0835 | |
| 26.2224 | |
| 27.2691 | |
| 31.6138 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Cuba's Trade (% of GDP) in 2024?
- In 2024, Cuba's Trade (% of GDP) was 124.86, according to World Bank Open Data.
- Is Cuba's Trade (% of GDP) rising or falling?
- Cuba's Trade (% of GDP) rose 3.6% from 2023 to 2024.
- How does Cuba rank globally on Trade (% of GDP)?
- In 2024, Cuba ranked #38 out of 160 countries reporting Trade (% of GDP).
- How does Cuba's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Cuba is above the world average. Within Latin America & Caribbean, it ranks #2 of 24.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS), CC BY 4.0.