Markets Actual Q3 Q4 Q1 Q2 2020
Currency 1.00 1 1 1 1 1
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 1.20 0.9 0.9 1.3 1.3 1.3
Unemployment Rate (%) 1.70 2 2 2.2 2.2 2.2
Inflation Rate (%) 5.90 4 4 4.5 4.5 4.5
Balance of Trade (CUC Million) -7770.00 -7980 -7980 -9630 -9630 -9630
Current Account (CUC Million) 1818.00 2140 2140 2300 2300 2300
Current Account to GDP (%) 1.70 -0.09 -0.09 -1 -1 -1
Government Debt to GDP (%) 18.20 21.5 21.5 20 20 20
Government Budget (% of GDP) -8.60 -4.57 -4.57 -6 -6 -6
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 1.20 0.9 0.9 1.3 1.3 1.3
GDP (USD Billion) 96.85 97 97 99 99 99
GDP per capita (USD) 6664.70 6682 6882 6882 7294 7294
GDP Per Capita Ppp (USD) 21016.65 23000 23000 23900 23900 23900
GDP Constant Prices (CUC Million) 55757.00 56259 56259 56482 56482 56990
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 1.70 2 2 2.2 2.2 2.2
Wages (CUP/Month) 777.00 1000 1000 1000 1000 1050
Wages In Manufacturing (CUP/Month) 862.00 1195 1000 1000 1000 1050
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 5.90 4 4 4.5 4.5 4.5
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (CUC Million) -7770.00 -7980 -7980 -9630 -9630 -9630
Current Account (CUC Million) 1818.00 2140 2140 2300 2300 2300
Current Account to GDP (%) 1.70 -0.09 -0.09 -1 -1 -1
Imports (CUC Million) 10172.00 10300 10300 12000 12000 12000
Exports (CUC Million) 2402.00 2320 2320 2370 2370 2370
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 18.20 21.5 21.5 20 20 20
Government Budget (% of GDP) -8.60 -4.57 -4.57 -6 -6 -6
Taxes Actual Q3 Q4 Q1 Q2 2020
Sales Tax Rate (%) 20.00 20 20 20 20 20
Business Actual Q3 Q4 Q1 Q2 2020
Industrial Production (%) 0.10 6.1 6.1 3 3 3
Manufacturing Production (%) -0.40 12 12 -0.3 -0.3 -0.3
Consumer Actual Q3 Q4 Q1 Q2 2020
Retail Sales YoY (%) 0.60 1.4 1.4 2 2 2
Housing Actual Q3 Q4 Q1 Q2 2020
Housing Index 30437.00 32000 32000 33000 33000 33000


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.