Economic Trivia

Industrial production accounts for 37% of Cuba's GDP and employs 24% of its population.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Data unavailable

Top Industries Source: CIA World Factbook

Petroleum; Nickel/Cobalt; Pharmaceuticals; Tobacco

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $254,864,786,028 (2015)
GDP Growth Rate (annual %) 1.254% (2021)
GDP Per Capita, PPP (current international) $22,377 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 66/197 (2015)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) Data unavailable
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) Data unavailable
Real Interest Rate (5 year average %) Data unavailable
Manufacturing, value added (% of GDP) 10.535% (2021)
Current Account Balance (BoP, current US$) Data unavailable
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Labor and Employment [1]

Labor Force, Total 5,156,812 (2022)
Employment in Agriculture (% of total employment) 17.721% (2021)
Employment in Industry (% of total employment) 17.112% (2021)
Employment in Services (% of total employment) 65.166% (2021)
Unemployment Rate 1.386% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $8,067,000,000 (2020)
Exports of goods and services (current US$) $8,769,000,000 (2020)
Total Merchandise Trade (% of GDP) 8.321% (2020)
FDI, net inflows (BoP, current US$) $110,000,000 (2011)
Commercial Service Exports (current US$) Data unavailable
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Cuba’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank