Markets Actual Q4 Q1 Q2 Q3 2021
Currency 1.00 1 1 1 1 1

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 2.20 -6 3.5 3.5 3.5 3.5
Unemployment Rate (%) 1.30 5 3.5 3.5 3.5 3.5
Inflation Rate (%) 5.70 4.5 4.8 4.8 4.8 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 (%) 1.40 -1 -1 -1 -1 -1
Government Debt to GDP (%) 18.20 22 20 20 20 20
Government Budget (% of GDP) -8.10 -8.7 -8.5 -8.5 -8.5 -8.5

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 2.20 -6 3.5 3.5 3.5 3.5
GDP (USD Billion) 100.02 91.2 93.9 93.9 93.9 93.9
GDP per capita (USD) 6816.90 6530 6570 6570 6570 6570
GDP Constant Prices (CUC Million) 57025.00 56990 53604 59021 59021 57731

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 1.30 5 3.5 3.5 3.5 3.5
Population (Million) 11.24 11.3 11.35 11.35 11.35 11.35
Wages (CUP/Month) 879.00 1050 1050 1050 1050 1050
Wages In Manufacturing (CUP/Month) 936.00 1050 1050 1050 1050 1150

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 5.70 4.5 4.8 4.8 4.8 4.8
GDP Deflator (points) 175.40 174 183 184 184 192

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 2.25 2.25 2.25 2.25 2.25 2.25

Trade Actual Q4 Q1 Q2 Q3 2021
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 (%) 1.40 -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 993.00 3500 7800 110000 128000 150000

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 18.20 22 20 20 20 20
Government Budget (% of GDP) -8.10 -8.7 -8.5 -8.5 -8.5 -8.5
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 Q4 Q1 Q2 Q3 2021
Sales Tax Rate (%) 20.00 20 20 20 20 20

Business Actual Q4 Q1 Q2 Q3 2021
Industrial Production (%) -9.40 -20 15 15 15 15
Manufacturing Production (%) -8.30 -15 12.5 12.5 12.5 12.5

Consumer Actual Q4 Q1 Q2 Q3 2021
Retail Sales YoY (%) 0.60 2 2 2 2 2.8

Housing Actual Q4 Q1 Q2 Q3 2021
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.