Cuba - Economic Forecasts - 2018-2020 Outlook

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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 1.00
 1 1 1 1 1
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 1.60
percent		 1.9 1.9 2.5 2.15 3
GDP 87.13
USD Billion		 92 92 97 97 99
GDP per capita 6445.00
USD		 6758 6680 6682 6682 7391
GDP Per Capita Ppp 21016.65
USD		 21410 22100 23000 23000 23900
GDP Constant Prices 54030.00
CUC Million		 55057 55057 55381 55192 58126
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 2.50
percent		 2.5 2.5 2.5 2.5 2
Population 11.22
Million		 11.22 11.21 11.21 11.21 11.19
Wages 740.00
CUP/Month		 940 940 10000 761 1050
Wages In Manufacturing 883.00
CUP/Month		 1000 1000 1050 727 1050
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 5.20
percent		 5.35 3.8 4 3.8 4.5
GDP Deflator 166.00
Index Points		 169 171 172 173 179
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 2.25
percent		 2.25 2.25 2.25 2.25 2.25
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -7953.00
CUC Million		 -8372 -9200 -8122 -8214 -11000
Exports 2317.00
CUC Million		 2105 2800 2009 1963 4000
Imports 10270.00
CUC Million		 10477 12000 10131 10177 15000
Current Account 2649.00
CUC Million		 2850 2632 2640 2648 2760
Current Account to GDP 0.10
percent		 0.11 -0.4 -0.09 -0.09 -0.31
Terrorism Index 0.00
 0 0 0 0 0
Tourist Arrivals 477718.00
 332500 350500 330400 323800 333100
Crude Oil Production 50.00
BBL/D/1K		 50 50 50 50 50
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 15.40
percent		 16.55 11.4 16.9 21.5 19.2
Government Budget -6.80
percent of GDP		 -6.62 -6.42 -6.14 -5.87 -4.84
Government Revenues 50941.90
CUC Millions		 49665 48838 48325 47812 42043
Fiscal Expenditure 57812.60
CUC Millions		 56162 55606 55490 55374 51242
Military Expenditure 123.66
USD Million		 113 113 113 114 105
Government Budget Value -6125.90
CUC Millions		 -6497 -8193 -7165 -7562 -9199
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production -5.20
percent		 1.96 2.17 2.08 1.98 1.82
Manufacturing Production -5.20
percent		 6.3 8.32 6.72 5.13 4.2
Internet Speed 1895.87
KBps		 2004 2170 2008 2089 2059
IP Addresses 15045.00
IP		 17941 16378 17540 17027 16880
Steel Production 20.00
Thousand Tonnes		 18.89 18.9 18.93 18.92 18.92
Corruption Index 47.00
Points		 45 45 45 45 45
Corruption Rank 62.00
 60 60 60 59 60
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Retail Sales YoY 8.80
percent		 9.1 9.23 9.35 9.47 9.42
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Housing Index 22106.00
 35491 35507 37051 38595 39284
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Sales Tax Rate 20.00
percent		 20 20 20 20 20
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 28.42
celsius		 27.56 24.91 23.4 26.27 26.02