Cuba | Economic Forecasts | 2017-2020 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 Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 1.00 0.99 0.98 0.97 0.96 0.85 [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Annual Growth Rate -0.90 -1.7 -1.7 -1.9 -1.9 -1.6 percent [+]
GDP 87.13 89.78 91.79 92.72 93.65 99 USD Billion [+]
GDP per capita 6445.00 6576 6700 6768 6836 7349 USD [+]
GDP Per Capita Ppp 21016.65 20400 20400 22024 22247 23900 USD [+]
GDP Constant Prices 54450.00 52497 52386 52487 52588 52723 CUC Million [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 2.00 2.3 2.3 1.9 1.9 2.1 percent [+]
Population 11.24 11.24 11.24 11.24 11.25 11.26 Million [+]
Wages 740.00 751 753 757 761 827 CUP/Month [+]
Wages In Manufacturing 883.00 815 787 757 727 571 CUP/Month [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 4.50 5.1 5.1 5.1 5.1 4.5 percent [+]
GDP Deflator 166.00 169 171 172 173 179 Index Points [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 2.25 2.25 2.25 2.25 2.25 2.25 percent [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade -7953.00 -8199 -8263 -8212 -8161 -8124 CUC Million [+]
Exports 2317.00 2105 2055 2009 1963 2259 CUC Million [+]
Imports 10270.00 10477 10085 10131 10177 10366 CUC Million [+]
Current Account 2649.00 2850 2632 2640 2648 2650 CUC Million [+]
Current Account to GDP 0.10 0.15 0.13 0.13 0.13 0.13 percent [+]
Crude Oil Production 48.00 48.06 48.07 48.07 48.07 48.07 BBL/D/1K [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
Tourist Arrivals 266183.00 243400 234800 238100 242700 241100 [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 17.10 16.41 16.18 15.48 14.78 20.38 percent [+]
Government Budget -6.80 -6.55 -6.31 -6.02 -5.73 -4.91 percent of GDP [+]
Government Revenues 49155.10 53243 54651 55766 56881 69636 CUC Millions [+]
Fiscal Expenditure 53933.10 58638 61438 61493 61549 67979 CUC Millions [+]
Government Budget Value -4778.00 -3285 -3712 -3491 -3269 -3343 CUC Millions [+]
Military Expenditure 118.40 125 124 123 123 122 USD Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Industrial Production -5.20 1.96 2.16 2.07 1.98 1.82 percent [+]
Manufacturing Production 11.90 0.67 -3.06 -2.46 -1.86 14.77 percent [+]
Corruption Index 47.00 48 49 49 49 51 Points [+]
Corruption Rank 60.00 58 57 58 59 60 [+]
Steel Production 20.00 17.36 17.69 17.57 17.6 17.6 Thousand Tonnes [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Retail Sales YoY 8.80 9.1 9.23 9.35 9.47 9.48 percent [+]
HOUSING Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Housing Index 23003.00 37267 37325 38902 40480 39704 [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]