Markets Actual Q3 Q4 Q1 Q2 2023
Currency 24.00 24 24 24 24 24

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 2.40 3.5 3.5 3.5 3.5 2
Unemployment Rate (%) 3.87 3 3 3 3 2.2
Inflation Rate (%) 23.69 25 20 20 15 15
Interest Rate (%) 2.25 2.25 2.25 2.25 2.25 2.25
Balance of Trade (CUP Million) -5528.00 -9630 -10600 -10600 -10600 -10600
Current Account (CUP Million) 1818.00 2300 2300 2300 2300 2300
Current Account to GDP (% of GDP) 0.20 0.3 0.3 0.3 0.3 1
Government Debt to GDP (% of GDP) 18.40 18 18 18 18 18
Government Budget (% of GDP) -17.70 -10 -10 -8.5 -8.5 -8.5

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) 2.40 3.5 3.5 3.5 3.5 2
GDP (USD Billion) 103.13 93.9 97.3 97.3 97.3 97.3
GDP per capita (USD) 8026.80 6600 6630 6630 6630 6630
GDP Constant Prices (CUP Million) 13223.80 10477 11281 13687 13687 13960

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 3.87 3 3 3 3 2.2
Population (Million) 11.35 11.41 11.41 11.48 11.48 11.48
Wages (CUP/Month) 1194.00 1050 1050 1050 1050 1050
Wages In Manufacturing (CUP/Month) 1145.00 1150 1150 1150 1150 1150

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 23.69 25 20 20 15 15
GDP Deflator (points) 211.70 275 265 254 254 292

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 2.25 2.25 2.25 2.25 2.25 2.25

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (CUP Million) -5528.00 -9630 -10600 -10600 -10600 -10600
Current Account (CUP Million) 1818.00 2300 2300 2300 2300 2300
Current Account to GDP (% of GDP) 0.20 0.3 0.3 0.3 0.3 1
Imports (CUP Million) 7230.00 13000 13000 13000 13000 13000
Exports (CUP Million) 1703.00 2400 2400 2400 2400 2400

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 18.40 18 18 18 18 18
Government Budget (% of GDP) -17.70 -10 -10 -8.5 -8.5 -8.5
Government Revenues (CUP Millions) 54644.80 59000 59000 59000 59000 59000
Fiscal Expenditure (CUP Millions) 74257.40 65000 65000 65000 65000 65000
Government Budget Value (CUP Millions) -18975.10 -5900 -5900 -5900 -5900 -5900
Military Expenditure (USD Million) 129.00 121 121 121 121 123

Taxes Actual Q3 Q4 Q1 Q2 2023
Sales Tax Rate (%) 20.00 20 20 20 20 20

Business Actual Q3 Q4 Q1 Q2 2023
Industrial Production (%) -12.70 15 15 15 15 15
Manufacturing Production (%) -12.80 12.5 5 5 5 5

Consumer Actual Q3 Q4 Q1 Q2 2023
Retail Sales YoY (%) -14.70 2.8 2.8 2.8 2.8 2.8

Housing Actual Q3 Q4 Q1 Q2 2023
Housing Index 32874.00 34000 34000 34000 34000 34000


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Cuba Forecast - was last updated on Friday, July 1, 2022.