If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. This industry represents the fourth sector that contributes the most income to Cuba’s gross domestic product (GDP), and export sales in 2018 reached almost 260 million dollars. NCU % Change 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 20,000,000,000 30,000,000,000 40,000,000,000 50,000,000,000 60,000,000,000 70,000,000,000 0% 5% 10% 15% 20% 25%. Source: World Bank > Cuba > Cuba Real GDP Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice, and may be delayed. CO2 emissions (metric tons per capita) Details. Overall, Cuba’s gross domestic product is expected to fall more than 8%. Cuba gdp per capita … Climate; GDP (current US$) Details. d. Data are in current local currency. Cuba - Cuba - Agriculture, forestry, and fishing: Arable land covers nearly one-third of Cuba. Since 2016, Cuba has attributed slowed economic growth in part to problems with petroleum product deliveries from Venezuela. b. Explain the relationship between investment in capital (factories, machinery, and technology) and gross domestic product (GDP). Subterranean waters are important for irrigation. Though Cuba real GDP growth fluctuated substantially in recent years, it tended to decrease through 1999 - 2018 period ending at 2.2 % in 2018. Life expectancy at birth, total (years) Details. This page provides - Cuba GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cuba - Real Gross Domestic Product. Today, it contributes less than 10% to the gross domestic product (GDP), but it employs about 20% of the working population. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. View results, global and regional rankings, datasets, and recommendations. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Cuba - Gross domestic product in constant prices of 2010 77,29,09,16,753 (US dollars) में 2018 GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. This rate is 4 -tenths of one percent higher than the figure of 1.8% published in 2017. Population, total. The Cuban gross domestic product declined at least 35% between 1989 and 1993 due to the loss of 80% of its trading partners [clarification needed] and Soviet subsidies. Cuba’s government reported gross domestic product grew by just 0.5% last year, and long lines had once again become common for some types of foods because the government found it hard to raise hard currency. Nominal (current) Gross Domestic Product (GDP) of Cuba is $96,851,000,000 (USD) … In 2017, the spending on health represented more than 11.7 percent of Cuba's gross domestic product (GDP), down from 12.22 percent a year earlier. The GDP value of Cuba represents 0.08 percent of the world economy. School enrollment, primary (% gross) Details. Cuba Crude Oil Production at 50.00 BBL/D/1K, Cuba Fiscal Expenditure at 65497.50 CUC Millions, Cuba GDP Constant Prices at 57025.00 CUC Million, Cuba Government Budget Value at -8091.30 CUC Millions, Cuba Government Revenues at 56762.70 CUC Millions, Cuba Number of Finished Houses at 30437.00, Oil Rallies after OPEC Announce Production Cut, Uruguay Inflation Rate Eases to 8-Month Low, Armenia Inflation Rate Rises to 1.6% in November, South Africa Stocks End at Over 10-Month High. World and regional statistics, national data, maps, rankings – World Data Atlas Once Castro assumed control following the revolution, he went on a nationalization spree, taking over telecommunications, oil refineries, property held by religious institutions, foreign-owned assets, and food markets and restaurants. The pandemic had frozen Cuba's critical $3 billion tourism industry since March, when the first coronavirus cases were reported. Please check your download folder. The Trading Economics Application Programming Interface (API) provides direct access to our data. A new study reveals that Cuba would have lost more than half of its gross domestic product during the deep economic crisis of the mid 1990s. Bureau of Economic Analysis. The Gross Domestic Product per capita in Cuba was last recorded at 21016.65 US dollars in 2015, when adjusted by purchasing power parity (PPP). About 30% of the country's land is used for crop cultivation. Cuba gdp per capita for 2018 was $8,822, a 3.29% increase from 2017. Since late 2000, Venezuela provided petroleum products to Cuba on preferential terms, supplying at times nearly 100,000 barrels per day. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. “National Income and Product Accounts Tables: Table 1.1.1. Explain the relationship between investment in human capital (education and training) and gross domestic product (GDP). Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Cuba gdp for 2017 was … 1,00,02,30,00,000 (LCU) in 2018. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Cuba Jump to. Gross Domestic Product.” Accessed July 30, 2020. 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