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 1.60
percent		 1 2.5 2.15 1.52 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 54030.00
CUC Million		 54570 55381 55192 54851 57556
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 6.90
percent		 3.8 4 3.8 3.62 4.5
GDP Deflator 166.00
Index Points		 171 172 173 174 179
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 -7953.00
CUC Million		 -9200 -8122 -8214 -8306 -11000
Exports 2317.00
CUC Million		 2800 2009 1963 1917 4000
Imports 10270.00
CUC Million		 12000 10131 10177 10224 15000
Current Account 2649.00
CUC Million		 2632 2640 2648 2657 2760
Current Account to GDP 0.10
percent		 -0.4 -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 15.40
percent		 19.2 21.5 21.5 21.5 19.2
Government Budget -6.80
percent of GDP		 -6.8 -6.8 -6.8 -6.8 -6.8
Government Revenues 50941.90
CUC Millions		 48838 48325 47812 47300 42043
Fiscal Expenditure 57812.60
CUC Millions		 55606 55490 55374 55259 51242
Military Expenditure 123.66
USD Million		 113 113 114 114 105
Government Budget Value -6125.90
CUC Millions		 -8193 -7165 -7562 -7959 -9199
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Industrial Production -1.60
percent		 9.37 9.65 9.92 10.19 6.6
Manufacturing Production 0.40
percent		 15.51 10.92 6.33 1.74 2.61
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 8.80
percent		 9.23 9.35 9.47 9.58 9.42
HOUSING Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Housing Index 22106.00
 35507 37051 38595 40139 39284
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