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 (%) 2.20 1.3 1.3 1.3 1.3 1.3
Unemployment Rate (%) 1.70 2.2 2.2 2.2 2.2 2
Inflation Rate (%) 5.90 4.5 4.5 4.5 4.5 4.8
Interest Rate (%) 2.25 2.25 2.25 2.25 2.25 2.25
Balance of Trade (CUC Million) -9112.00 -9630 -9630 -9630 -9630 -10600
Current Account (CUC Million) 1818.00 2300 2300 2300 2300 2300
Current Account to GDP (%) 1.70 -1 -1 -1 -1 -1
Government Debt to GDP (%) 18.20 20 20 20 20 20
Government Budget (% of GDP) -8.10 -6 -6 -6 -6 -5.5
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 2.20 1.3 1.3 1.3 1.3 1.3
GDP (USD Billion) 96.85 99 99 99 99 101
GDP per capita (USD) 8821.82 9200 9200 9200 9200 9600
GDP Per Capita Ppp (USD) 21016.65 23900 23900 23900 23900 23900
GDP Constant Prices (CUC Million) 57025.00 57766 57766 57766 57766 58517
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 1.70 2.2 2.2 2.2 2.2 2
Population (Million) 11.21 11.18 11.16 11.18 11.19 11.18
Wages (CUP/Month) 777.00 1000 1000 1000 1050 1050
Wages In Manufacturing (CUP/Month) 862.00 1000 1000 1000 1050 1150
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 5.90 4.5 4.5 4.5 4.5 4.8
GDP Deflator (points) 175.40 183 183 183 183 192
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 2.25 2.25 2.25 2.25 2.25 2.25
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (CUC Million) -9112.00 -9630 -9630 -9630 -9630 -10600
Current Account (CUC Million) 1818.00 2300 2300 2300 2300 2300
Current Account to GDP (%) 1.70 -1 -1 -1 -1 -1
Imports (CUC Million) 11484.00 12000 12000 12000 12000 13000
Exports (CUC Million) 2373.00 2370 2370 2370 2370 2400
Tourist Arrivals 453374.00 500000 500000 300000 490000 520000
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 18.20 20 20 20 20 20
Government Budget (% of GDP) -8.10 -6 -6 -6 -6 -5.5
Government Revenues (CUC Millions) 56762.70 58500 58500 58500 58500 59000
Fiscal Expenditure (CUC Millions) 65497.50 64400 64400 64400 64400 65000
Military Expenditure (USD Million) 123.00 123 123 123 123 121
Government Budget Value (CUC Millions) -8091.30 -5900 -5900 -5900 -5900 -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 (%) 0.10 3 3 3 3 4
Manufacturing Production (%) -0.40 -0.3 -0.3 -0.3 -0.3 0.8
Consumer Actual Q1 Q2 Q3 Q4 2020
Retail Sales YoY (%) 0.60 2 2 2 2 2.8
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index 30437.00 33000 33000 33000 33000 34000


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.