Markets Actual Q2 Q3 Q4 Q1 2022
Currency 1.00 1 1 1 1 1

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -0.20 3.5 3.5 3.5 3.5 1.8
Unemployment Rate (%) 1.20 3.5 3.5 3.5 3 3
Inflation Rate (%) 5.70 2.9 2.9 2.9 3.6 3.6
Interest Rate (%) 2.25 2.25 2.25 2.25 2.25 2.25
Balance of Trade (CUC Million) -7839.00 -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 -0.9
Government Debt to GDP (%) 18.30 20 20 20 20 20
Government Budget (% of GDP) -6.20 -8.5 -8.5 -8.5 -8.5 -7.5

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -0.20 3.5 3.5 3.5 3.5 1.8
GDP (USD Billion) 100.02 93.9 93.9 93.9 93.9 97.3
GDP per capita (USD) 6816.90 6570 6570 6570 6570 6630
GDP Constant Prices (CUC Million) 56901.00 56990 53604 57731 57731 57731

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 1.20 3.5 3.5 3.5 3 3
Population (Million) 11.28 11.35 11.35 11.35 11.35 11.4
Wages (CUP/Month) 879.00 1050 1050 1050 1050 1050
Wages In Manufacturing (CUP/Month) 936.00 1050 1050 1150 1150 1150

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 5.70 2.9 2.9 2.9 3.6 3.6
GDP Deflator (points) 181.20 186 186 186 186 193

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 2.25 2.25 2.25 2.25 2.25 2.25

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (CUC Million) -7839.00 -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 -0.9
Imports (CUC Million) 9901.00 12000 12000 13000 13000 13000
Exports (CUC Million) 2062.00 2370 2370 2400 2400 2400

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 18.30 20 20 20 20 20
Government Budget (% of GDP) -6.20 -8.5 -8.5 -8.5 -8.5 -7.5
Government Revenues (CUC Millions) 58700.20 58500 58500 59000 59000 59000
Fiscal Expenditure (CUC Millions) 65774.90 64400 64400 65000 65000 65000
Military Expenditure (USD Million) 129.00 123 123 123 121 121
Government Budget Value (CUC Millions) -6435.30 -5900 -5900 -5900 -5900 -5900

Taxes Actual Q2 Q3 Q4 Q1 2022
Sales Tax Rate (%) 20.00 20 20 20 20 20

Business Actual Q2 Q3 Q4 Q1 2022
Industrial Production (%) -9.40 15 15 15 15 15
Manufacturing Production (%) -8.30 12.5 12.5 12.5 12.5 5

Consumer Actual Q2 Q3 Q4 Q1 2022
Retail Sales YoY (%) -5.60 2 2 2.8 2.8 2.8

Housing Actual Q2 Q3 Q4 Q1 2022
Housing Index 44566.00 33000 33000 34000 34000 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.