Cuba - Economic Forecasts - 2018-2020 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 1.00
1 1 1 1 1
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 1.60
percent
1.9 1.9 1.9 2.5 3
GDP 87.13
USD Billion
87.4 89.6 91.8 96.8 99
GDP per capita 6445.00
USD
6408 6758 6629 6682 6566
GDP Per Capita Ppp 21016.65
USD
21018 21410 22100 23000 23900
GDP Constant Prices 54030.00
CUC Million
55057 55057 55057 55381 58126
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 2.00
percent
1.9 1.92 2.3 2.4 2.1
Population 11.24
Million
11.25 11.25 11.25 11.25 11.29
Wages 740.00
CUP/Month
940 940 940 10000 1050
Wages In Manufacturing 883.00
CUP/Month
1000 1000 1000 1050 1050
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 5.20
percent
5.1 4.42 3.8 4 4.5
GDP Deflator 166.00
Index Points
168 169 171 172 179
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 2.25
percent
2.25 2.25 2.25 2.25 2.25
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -7953.00
CUC Million
-8715 -8372 -9200 -8122 -11000
Exports 2317.00
CUC Million
2154 2105 2800 2009 4000
Imports 10270.00
CUC Million
10869 10477 12000 10131 15000
Current Account 2649.00
CUC Million
2777 2680 2582 2435 1384
Current Account to GDP 0.10
percent
0.11 0.11 -0.4 -0.09 -0.31
Terrorism Index 0.00
0 0 0 0 0
Tourist Arrivals 477718.00
301300 332500 350500 330400 333100
Crude Oil Production 50.00
BBL/D/1K
49.69 49.54 49.4 49.26 47.85
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 15.40
percent
13.55 16.55 11.4 16.9 19.2
Government Budget -6.80
percent of GDP
-7.56 -7.46 -7.37 -7.33 -5.53
Government Revenues 50941.90
CUC Millions
50492 49665 48838 48325 42043
Fiscal Expenditure 57812.60
CUC Millions
56717 56162 55606 55490 51242
Military Expenditure 123.66
USD Million
117 114 111 110 109
Government Budget Value -6125.90
CUC Millions
-6225 -6497 -8193 -7165 -9199
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Industrial Production -5.20
percent
1.75 1.96 2.17 2.08 1.82
Manufacturing Production -5.20
percent
4.29 6.3 8.32 6.72 4.2
Internet Speed 1895.87
KBps
2068 2004 2170 2008 2059
IP Addresses 15045.00
IP
11535 10864 10362 9896 7985
Steel Production 20.00
Thousand Tonnes
19.12 18.88 18.84 18.86 18.85
Corruption Index 47.00
Points
47 47 47 47 47
Corruption Rank 62.00
61 61 62 61 61
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Retail Sales YoY 8.80
percent
9.9 10.01 10.12 10.21 9.6
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Housing Index 22106.00
36325 36423 36520 38041 38130
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Sales Tax Rate 20.00
percent
20 20 20 20 20
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature 28.42
celsius
26 27.56 24.91 23.4 26.02