Cuba | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for Cuba including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Cuba economy.


MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 1.00 1.01 1.02 1.05 1.04 1.2 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate -0.90 0.9 0.9 0.9 1.4 3.2 percent [+]
GDP 87.13 89.72 89.78 91.79 92.72 99 USD Billion [+]
GDP per capita 6485.70 6494 6621 6748 6817 7417 USD [+]
GDP Per Capita Ppp 21016.65 21018 20400 20400 22024 23900 USD [+]
GDP Constant Prices 54450.00 52607 52497 52386 52487 52723 CUC Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 2.40 2.3 2.3 2.3 1.9 2.1 percent [+]
Population 11.24 11.25 11.26 11.27 11.28 11.37 Million [+]
Wages 687.00 684 692 700 692 529 CUP/Month [+]
Wages In Manufacturing 804.00 833 880 927 920 676 CUP/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 4.50 4.6 4.6 4.6 4.6 4.5 percent [+]
GDP Deflator 153.40 155 154 153 153 153 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 2.25 2.25 2.25 2.25 2.25 2.25 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -9578.00 -8818 -8733 -8648 -8771 -9060 CUC Million [+]
Exports 3903.00 3710 3411 3112 3098 3385 CUC Million [+]
Imports 13481.00 13449 13379 13310 13282 13396 CUC Million [+]
Current Account 101.00 57.26 -160 -377 -412 -202 CUC Million [+]
Current Account to GDP 0.10 0.18 0.15 0.13 0.13 0.13 percent [+]
Crude Oil Production 50.00 50 50 50 50 50 BBL/D/1K [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
Tourist Arrivals 266183.00 260275 259925 259745 259652 259555 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 17.10 16.64 16.41 16.18 15.48 20.38 percent [+]
Government Budget -5.70 -5.08 -6.13 -7.18 -7.09 -5.1 percent of GDP [+]
Government Revenues 49155.10 51835 53243 54651 55766 69636 CUC Millions [+]
Fiscal Expenditure 53933.10 55837 58638 61438 61493 67979 CUC Millions [+]
Government Budget Value -4778.00 -2858 -3285 -3712 -3491 -3343 CUC Millions [+]
Military Expenditure 125.60 130 131 133 129 109 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production 11.90 4.44 7.31 10.18 8.91 8.1 percent [+]
Manufacturing Production 11.90 4.41 0.67 -3.06 -2.46 14.77 percent [+]
Corruption Index 47.00 48 48 49 49 51 Points [+]
Corruption Rank 60.00 58 58 57 58 60 [+]
Steel Production 20.00 19.99 19.61 19.63 19.63 19.63 Thousand Tonnes [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Retail Sales YoY 6.10 8.92 8.86 8.8 8.93 9.67 percent [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Housing Index 23003.00 37209 37267 37325 38902 39704 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]