Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.00 1 1 1 1 1
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 1.80 0.9 0.9 0.9 0.9 1.3
Unemployment Rate (%) 1.70 2 2 2 2 2.2
Inflation Rate (%) 5.90 4 4 4 4 4.5
Balance of Trade (CUC Million) -7770.00 -7980 -7980 -7980 -7980 -9630
Current Account (CUC Million) 2649.00 2140 2140 2140 2140 2300
Current Account to GDP (%) 0.10 -0.09 -0.09 -0.09 -0.09 -0.09
Government Debt to GDP (%) 18.20 21.5 21.5 21.5 21.5 21.5
Government Budget (% of GDP) -8.60 -4.57 -4.57 -4.57 -4.57 -6
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 1.80 0.9 0.9 0.9 0.9 1.3
GDP (USD Billion) 87.13 97 97 97 97 99
GDP per capita (USD) 6445.00 6682 6682 6882 6882 7294
GDP Per Capita Ppp (USD) 21016.65 23000 23000 22470 23000 23900
GDP Constant Prices (CUC Million) 55757.00 56259 56259 56259 56259 56990
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 1.70 2 2 2 2 2.2
Wages (CUP/Month) 767.00 1000 1000 1000 1000 1050
Wages In Manufacturing (CUP/Month) 1037.00 1050 1195 1218 1000 1050
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 5.90 4 4 4 4 4.5
GDP Deflator (Index Points) 173.70 173 173 173 173 174
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (CUC Million) -7770.00 -7980 -7980 -7980 -7980 -9630
Current Account (CUC Million) 2649.00 2140 2140 2140 2140 2300
Current Account to GDP (%) 0.10 -0.09 -0.09 -0.09 -0.09 -0.09
Imports (CUC Million) 10172.00 10300 10300 10300 10300 12000
Exports (CUC Million) 2402.00 2320 2320 2320 2320 2370
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 18.20 21.5 21.5 21.5 21.5 21.5
Government Budget (% of GDP) -8.60 -4.57 -4.57 -4.57 -4.57 -6
Government Revenues (CUC Millions) 54912.30 48300 48300 48300 48300 48500
Fiscal Expenditure (CUC Millions) 63905.70 55490 55490 55490 55490 54400
Government Budget Value (CUC Millions) -8283.70 -7190 -7190 -7190 -7190 -5900
Taxes Actual Q1 Q2 Q3 Q4 2020
Sales Tax Rate (%) 20.00 20 20 20 20 20
Business Actual Q1 Q2 Q3 Q4 2020
Industrial Production (%) -1.60 6.1 6.1 6.1 6.1 6.1
Manufacturing Production (%) 0.40 12 12 12 12 -0.3
Consumer Actual Q1 Q2 Q3 Q4 2020
Retail Sales YoY (%) 0.80 1.4 1.4 1.4 1.4 2
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index 21827.00 19700 19700 19700 19700 20000


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.