What is the GDP of Cuba?

Cuba's GDP is approximately $107.4 billion USD. The GDP growth rate is -1.1%.

What is the population of Cuba?

Cuba has a population of approximately 11 million people. The population growth rate is -0.4%.

What is the unemployment rate in Cuba?

The unemployment rate in Cuba is 1.7%.

What is the GDP per capita of Cuba?

Cuba's GDP per capita is approximately $9,605 USD.

Is Cuba a good country to invest in?

Cuba has an investment score of 20/100, classified as "High Risk" risk. Key sectors include Tourism, Biotechnology, Agriculture. Credit rating: NR.

How open is Cuba's economy to trade?

Cuba's trade openness (trade as % of GDP) is 125%. Exports total approximately $8.8B and imports $8.1B.

What are the main economic sectors in Cuba?

Cuba's economy is composed of services (73% of GDP), industry (24% of GDP), and agriculture (1% of GDP).

Can I start a business in Cuba as a foreigner?

Cuba offers various options for foreign entrepreneurs. Visit our business setup guide for Cuba for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Cuba's economy growing?

Cuba's GDP growth rate is -1.1%. The economy is currently contracting.

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Cuba Economy Overview

Name: Cuba Economic Data
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Latin America & CaribbeanUpper MiddleCapital: HavanaCUB

High Risk

Shrinking

107.4B USD

GDP (Nominal)

Growing at -1.1%

$9,605

GDP Per Capita

Middle income level

11M

Population

-0.4% annual growth

Inflation

125%of GDP

Trade Openness

FDI Inflows

Public Debt

Low

1.7%

Unemployment

Surplus

+$0.7B

Trade Balance

GDP

Billion USD, nominal

$107.4B

2020+3.9B

GDP Growth

Annual %

-1.1%

2024+0.8%

No inflation data available

Population

Millions

11M

2024-0.0M

Economic Structure

Services73%

Industry24%

Agriculture1%

Investment Score Breakdown

Economic Health (30%)15

Political Safety (25%)18

Business Climate (20%)12

Financial Strength (15%)22

Growth Potential (10%)30

Key Sectors

Tourism

10% of GDP

declining

Biotechnology

3% of GDP

stable

Agriculture

8% of GDP

declining

Mining

4% of GDP

stable

Should I Invest in Cuba?

AvoidSetup: ModerateROI: Low

Cuba scores 20/100 on the NationsData Investment Index, rated "High Risk". Growth is subdued at 1.2%.

Investment Score20/100

GDP Growth1.2%

Inflation28%

FDI/GDP0.3%

Public Debt30%

Political Stability-0.2

Strengths

+Low public debt (30% of GDP) - fiscal headroom

Risks

-Significant political instability - governance risks may affect business continuity
-High inflation (28%) - erodes margins and purchasing power
-Corruption is a significant concern - budget for compliance and due diligence

Also Consider

Argentina

Same region, similar income level

Suriname

Same region, similar income level, faster growth (2.5%)

Guatemala

Same region, similar income level, faster growth (3.5%)

El Salvador

Same region, similar income level, faster growth (3%)

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