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

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 2.20 -4 -4 2.3 2.3 2.3
Unemployment Rate (%) 1.70 3 3 2.5 2.5 2.5
Inflation Rate (%) 5.70 4.5 4.5 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 (%) 1.70 -1 -1 -1 -1 -1
Government Debt to GDP (%) 18.20 22 22 20 20 20
Government Budget (% of GDP) -8.10 -8.7 -8.7 -8.5 -8.5 -8.5

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 2.20 -4 -4 2.3 2.3 2.3
GDP (USD Billion) 100.02 91.2 91.2 93.9 93.9 93.9
GDP per capita (USD) 6816.90 6530 6530 6570 6570 6570
GDP Constant Prices (CUC Million) 57025.00 54744 54744 58337 58337 56003

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 1.70 3 3 2.5 2.5 2.5
Population (Million) 11.24 11.3 11.3 11.35 11.35 11.35
Wages (CUP/Month) 777.00 1000 1050 1050 1050 1050
Wages In Manufacturing (CUP/Month) 862.00 1000 1050 1050 1050 1150

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

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

Trade Actual Q3 Q4 Q1 Q2 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 (%) 1.70 -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 393762.00 300000 400000 490000 490000 520000

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

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

Housing Actual Q3 Q4 Q1 Q2 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.