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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 1.00
1 1 1 1 1
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 1.80
percent
1.1 0.9 0.9 0.9 1.3
GDP 87.13
USD Billion
92 97 97 97 99
GDP per capita 6445.00
USD
6680 6682 6682 6882 7391
GDP Per Capita Ppp 21016.65
USD
22100 23000 23000 22470 23900
GDP Constant Prices 55757.00
CUC Million
56370 56259 56259 56259 57617
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 1.70
percent
1.7 2 2 2 2
Population 11.22
Million
11.21 11.21 11.21 11.21 11.19
Wages 767.00
CUP/Month
940 1000 1000 1000 1050
Wages In Manufacturing 1037.00
CUP/Month
1000 1050 1195 1218 1050
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 5.90
percent
3.8 4 4 4 4.5
GDP Deflator 173.70
Index Points
173 173 173 173 174
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 2.25
percent
2.25 2.25 2.25 2.25 2.25
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -7770.00
CUC Million
-7860 -7980 -7980 -7980 -9630
Exports 2402.00
CUC Million
2280 2320 2320 2320 2370
Imports 10172.00
CUC Million
10140 10300 10300 10300 12000
Current Account 2649.00
CUC Million
2200 2140 2140 2140 2300
Current Account to GDP 0.10
percent
0.2 -0.09 -0.09 -0.09 -0.31
Terrorism Index 0.00
0 0 0 0 0
Tourist Arrivals 477718.00
350500 330400 323800 336000 333100
Crude Oil Production 50.00
BBL/D/1K
50 50 50 50 50
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 18.20
percent
19.2 21.5 21.5 21.5 17.5
Government Budget -8.60
percent of GDP
-7.4 -4.57 -4.57 -4.57 -6
Government Revenues 50941.90
CUC Millions
49000 48300 48300 48300 48500
Fiscal Expenditure 57812.60
CUC Millions
55600 55490 55490 55490 54400
Military Expenditure 123.66
USD Million
113 113 114 114 105
Government Budget Value -6125.90
CUC Millions
-6600 -7190 -7190 -7190 -5900
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Industrial Production -1.60
percent
9.3 6.1 6.1 6.1 6.6
Manufacturing Production 0.40
percent
15.5 12 12 12 -0.3
Internet Speed 1895.87
KBps
2170 2008 2089 2110 2059
IP Addresses 15045.00
IP
16378 17540 17027 16852 16880
Steel Production 20.00
Thousand Tonnes
19.34 19.41 19.41 19.41 19.41
Corruption Index 47.00
Points
47 47 47 47 47
Corruption Rank 62.00
62 62 62 62 62
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Retail Sales YoY 0.80
percent
1.2 1.4 1.4 1.4 2
HOUSING Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Housing Index 21827.00
21400 19700 19700 19700 20000
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Sales Tax Rate 20.00
percent
20 20 20 20 20
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 28.42
celsius
24.91 23.4 26.27 26.13 26.02



Cuba - Economic Forecasts - 2018-2020 Outlook