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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 1.00 0.99 0.98 0.97 0.96 0.85 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate -0.90 -1.7 -1.9 -1.9 -1.9 -1.6 percent [+]
GDP 87.13 91.1 91.62 92.15 92.67 99 USD Billion [+]
GDP per capita 6445.00 6616 6641 6666 6690 6539 USD [+]
GDP Per Capita Ppp 21016.65 20400 21732 21828 21924 23900 USD [+]
GDP Constant Prices 54030.00 53359 53305 53251 53197 53051 CUC Million [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 2.00 2.3 1.9 1.9 1.87 2.1 percent [+]
Population 11.24 11.24 11.24 11.23 11.23 11.21 Million [+]
Wages 740.00 750 745 740 734 630 CUP/Month [+]
Wages In Manufacturing 883.00 787 757 727 697 571 CUP/Month [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 4.50 5.1 5.1 5.1 3.07 4.5 percent [+]
GDP Deflator 166.00 171 172 173 174 179 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 2.25 2.25 2.25 2.25 2.25 2.25 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -7953.00 -7498 -7461 -7424 -7387 -6786 CUC Million [+]
Exports 2317.00 1877 1778 1679 1580 1450 CUC Million [+]
Imports 10270.00 9123 8902 8681 8460 7077 CUC Million [+]
Current Account 2649.00 2582 2435 2287 2139 1592 CUC Million [+]
Current Account to GDP 0.10 -0.4 -0.48 -0.57 -0.65 -0.09 percent [+]
Crude Oil Production 48.00 47.73 47.6 47.48 47.35 46.31 BBL/D/1K [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
Tourist Arrivals 477718.00 234800 238100 242700 242700 241100 [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 15.40 16 16.1 16.2 16.3 16.9 percent [+]
Government Budget -6.80 -6.98 -6.87 -6.77 -6.66 -6.51 percent of GDP [+]
Government Revenues 50941.90 48838 48325 47812 47300 44663 CUC Millions [+]
Fiscal Expenditure 57812.60 55606 55490 55374 55259 53901 CUC Millions [+]
Military Expenditure 118.40 111 110 109 108 106 USD Million [+]
Government Budget Value -6125.90 -4402 -3985 -3567 -3149 -1615 CUC Millions [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Industrial Production -5.20 2.81 2.93 3.04 3.16 -0.12 percent [+]
Manufacturing Production -5.20 8.32 6.72 5.13 3.53 3.53 percent [+]
Internet Speed 1895.87 1728 1668 1831 1574 1238 KBps [+]
IP Addresses 15045.00 12802 12156 11535 10864 8194 IP [+]
Corruption Index 47.00 45 45 45 45 45 Points [+]
Corruption Rank 60.00 59 60 61 61 61 [+]
Steel Production 20.00 19.75 20 20.21 20.35 20.59 Thousand Tonnes [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Retail Sales YoY 8.80 10.12 10.21 10.31 10.41 9.81 percent [+]
HOUSING Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Housing Index 22106.00 37877 39423 40970 42517 38290 [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]