Cuba Current Account to GDP

Cuba recorded a Current Account surplus of 0.90 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Cuba is reported by the National Office of Statistics, Republic of Cuba. From 2005 until 2012, Cuba Current Account to GDP averaged -0.3 Percent reaching an all time high of 0.9 Percent in December of 2012 and a record low of -4.6 Percent in December of 2008. India reported a Current Account deficit of 3.70 percent of the country's Gross Domestic Product in 2011. This page provides - Cuba Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.90 0.50 0.90 -4.60 0.94 | 2013/12 2005 - 2012 Percent Yearly

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Cuba Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -7969.00 2012-12-31 -7682.50 -535.50 -10372.30 -7989.81 2013-12-31 CUC Million [+]
Current Account 330.00 2011-12-31 310.00 513.00 -2308.80 327.40 2012-12-31 CUC Million [+]
Current Account to GDP 0.90 2012-12-31 0.50 0.90 -4.60 0.94 2013-12-31 Percent [+]
Exports 5900.00 2012-12-31 6340.40 6340.40 1156.70 5875.19 2013-12-31 CUC Million [+]
Imports 13869.00 2012-12-31 14022.90 14312.30 2008.20 14019.44 2013-12-31 CUC Million [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Cuba Interest Rate at 2.25 Percent  
The benchmark interest rate in Cuba was last recorded at 2.25 percent. Interest Rate in Cuba is reported by the Central Bank of Cuba.
Cuba Inflation Rate at 5.50 Percent  
The inflation rate in Cuba was recorded at 5.50 percent in 2012. Inflation Rate in Cuba is reported by the Rabobank.
Cuba Sales Tax Rate | VAT at 20.00 Percent  
The Sales Tax Rate in Cuba stands at 20 percent. Sales Tax Rate in Cuba is reported by the Minister of Finance and Prices.
Cuba Government Debt To GDP at 21.10 Percent  
Cuba recorded a Government Debt to GDP of 21.10 percent of the country's Gross Domestic Product in 2010. Government Debt To GDP in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Government Budget at -3.60 Percent of GDP  
Cuba recorded a Government Budget deficit equal to 3.60 percent of the country's Gross Domestic Product in 2012. Government Budget in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Current Account at 330.00 CUC Million  
Cuba recorded a Current Account surplus of 330 CUC Million in 2011. Current Account in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Balance of Trade at -7969.00 CUC Million  
Cuba recorded a trade deficit of 7969 CUC Million in 2012. Balance of Trade in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Imports at 13869.00 CUC Million  
Imports in Cuba decreased to 13869 CUC Million in 2012 from 14022.90 CUC Million in 2011. Imports in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Exports at 5900.00 CUC Million  
Exports in Cuba decreased to 5900 CUC Million in 2012 from 6340.40 CUC Million in 2011. Exports in Cuba is reported by the National Office of Statistics, Republic of Cuba.
Cuba Retail Sales YoY at 7.50 Percent  
Retail Sales in Cuba increased 7.50 percent in 2012 over the previous year. Retail Sales YoY in Cuba is reported by the National Office of Statistics, Republic of Cuba.
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