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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 1.00
1 1 1 1 1
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate -0.90
percent
-1.9 -1.9 -1.9 2.2 -1.6
GDP 87.13
USD Billion
84.95 87 89.05 91.1 99
GDP per capita 6445.00
USD
6280 6392 6504 6616 6539
GDP Per Capita Ppp 21016.65
USD
20547 20910 21273 22100 23900
GDP Constant Prices 54030.00
CUC Million
53473 53435 53397 53359 53051
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 2.00
percent
1.9 1.9 1.92 2.3 2.1
Population 11.24
Million
11.24 11.24 11.24 11.24 11.21
Wages 740.00
CUP/Month
737 741 746 750 630
Wages In Manufacturing 883.00
CUP/Month
870 843 815 787 571
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 5.20
percent
5.1 5.1 4.42 3.8 4.5
GDP Deflator 166.00
Index Points
166 168 169 171 179
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 2.25
percent
2.25 2.25 2.25 2.25 2.25
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -7953.00
CUC Million
-7974 -7816 -7657 -7498 -6786
Exports 2317.00
CUC Million
2094 2022 1949 1877 1450
Imports 10270.00
CUC Million
10417 9986 9554 9123 7077
Current Account 2649.00
CUC Million
2875 2777 2680 2582 1592
Current Account to GDP 0.10
percent
0.36 0.11 -0.14 -0.4 -0.09
Crude Oil Production 48.00
BBL/D/1K
47.6 47.48 47.35 47.23 46.31
Terrorism Index 0.00
0 0 0 0 0
Tourist Arrivals 477718.00
0 0 0 0 0
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 15.40
percent
16.82 16.55 16.27 16 16.9
Government Budget -6.80
percent of GDP
-7.52 -7.34 -7.16 -6.98 -6.51
Government Revenues 50941.90
CUC Millions
51319 50492 49665 48838 44663
Fiscal Expenditure 57812.60
CUC Millions
57272 56717 56162 55606 53901
Military Expenditure 118.40
USD Million
120 117 114 111 106
Government Budget Value -6125.90
CUC Millions
-4509 -4474 -4438 -4402 -1615
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Industrial Production -5.20
percent
0.69 1.39 2.1 2.81 -0.12
Manufacturing Production -5.20
percent
2.27 4.29 6.3 8.32 3.53
Internet Speed 1895.87
KBps
1668 1831 1574 1564 1238
IP Addresses 15045.00
IP
12156 11535 10864 10362 8194
Corruption Index 47.00
Points
46 46 46 45 45
Corruption Rank 60.00
60 60 60 59 61
Steel Production 20.00
Thousand Tonnes
20.3 20.41 20.48 20.53 20.61
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Retail Sales YoY 8.80
percent
9.79 9.9 10.01 10.12 9.81
HOUSING Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Housing Index 22106.00
36228 36325 36423 36520 40948
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Sales Tax Rate 20.00
percent
20 20 20 20 20