Cuba GDP Annual Growth Rate  1990-2017 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Cuba contracted 0.90 percent in 2016 from the previous year. GDP Annual Growth Rate in Cuba averaged 2.06 percent from 1990 until 2016, reaching an all time high of 12.10 percent in 2006 and a record low of -14.90 percent in 1993.

Cuba GDP Annual Growth Rate
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Cuba GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -0.90 4.30 12.10 -14.90 percent [+]
GDP 80.66 77.15 80.66 5.69 USD Billion [+]
GDP per capita 6156.62 6006.08 6156.62 2249.15 USD [+]
GDP Per Capita Ppp 19950.28 19462.47 19950.28 9021.20 USD [+]
GDP Constant Prices 54450.00 52183.00 54450.00 51642.00 CUC Million [+]



Cuba GDP Annual Growth Rate Notes

Cuba, the most populous country in the Caribbean, is one of the last communist regimes in the world. The government controls the economy and employs more than 80 percent of the working force. While the most important sector of the economy is services (around 75 percent of GDP), mining, oil production, remittances and tourism are crucial in supporting state revenue. Cuba’s medical industry continues to thrive; the sector trains foreign workers, accommodates foreign patients and even exports workers worldwide. Cuba is a major producer of mineral resources such as nickel and cobalt. Since the U.S. has maintained a trade embargo against Cuba for over 50 years, growth prospects remain weak. Yet recently, in order to boost the economy, the government has initiated some market reforms like allowing setting up small businesses and property ownership. This page provides - Cuba GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cuba GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 4.30 12.10 -14.90 1990 - 2016 percent Yearly



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