Cuba's nominal GDP in 2024 is estimated to be around $26.44 billion. This is a significant decrease compared to 2020, when nominal GDP was $107.35 billion.
In 2024, Cuba's population is estimated to be around 10.98 million.
Cuba's nominal GDP per capita
is estimated to be around $7,599 in 2024,
In 2025, Cuba's nominal GDP per capita is projected to be approximately $2,430.
In 2022, Cuba's exports totaled $2.17 billion USD. Key exports include nickel, cane sugar, cigars, fuel, beverages, and metallic ores. Major export partners include Venezuela, China, and Canada. In 2021, U.S. exports to Cuba were $323.5 million, with agriculture being the largest sector.
In 2025, Cuba's population is projected to be 10,937,203 with a yearly growth rate of -0.39%. This means the population is decreasing.
Here's a breakdown of the population figures and yearly growth rate for Cuba from 2014 to 2025:
|
Year |
Population |
Yearly
% Change |
|
2014 |
11,285,775 |
-0.11% |
|
2015 |
11,275,065 |
-0.09% |
|
2016 |
11,265,612 |
-0.08% |
|
2017 |
11,247,829 |
-0.16% |
|
2018 |
11,227,118 |
-0.18% |
|
2019 |
11,202,846 |
-0.22% |
|
2020 |
11,176,354 |
-0.24% |
|
2021 |
11,122,168 |
-0.48% |
|
2022 |
11,059,820 |
-0.56% |
|
2023 |
11,019,931 |
-0.36% |
|
2024 |
10,979,783 |
-0.36% |
|
2025 |
10,937,203 |
-0.39% |
https://www.google.com/search?q=cuba+population
The UN's World Food Programme (WFP) has been providing food aid to Cuba, particularly in response to economic crises and natural disasters.
In January 2025, Cuba's trade with the United States showed a significant trade deficit. Cuba's exports to the US were $12.5k while imports from the US were $55.4M, resulting in a $55.4M trade deficit. Exports decreased significantly year-over-year, while imports increased.
Elaboration: Trade Deficit: In January 2025, Cuba had a trade deficit of $55.4M with the United States.
Exports: Cuba's exports to the US were primarily paintings, with a value of $12.5k.
Imports: The main imports from the US were poultry meat ($32.7M), commodities not elsewhere specified ($5.39M), and pig meat ($3.2M).
Changes from Previous Year: Between January 2024 and January 2025, Cuba's exports to the US declined by $928k (98.7%), while imports increased by $3.95M (7.66%).
https://www.google.com/search?q=cuba+imports+exports+trade+deficit
In
2024, Cuba imports from US were $581.3M and exports to US were $586.5M.
https://www.census.gov/foreign-trade/balance/c2390.html#2024
In 2020, Cuba's nominal GDP per capita was approximately $9,605. By 2025, Statista projects it to be around $2,430.
Cuba's
government debt to nominal GDP is projected to be 52.34% in 2025. This
means the government's total debt is expected to be 52.34% of the country's
total economic output (GDP). While some sources indicate a higher
percentage in 2024 (126%), econometric models suggest a trend towards 118% in
2025 and 108% in 2026.
https://www.google.com/search?q=cuba+debt+to+nominal+gdp+2020+to+2025
Comments
Cuba is not exporting. Cuba’s economy is collapsing in 2025 due to the US Trade Embargos and Sanctions. Cuba needs to increase food production.
Norb Leahy, Dunwoody GA Tea Party Leader
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