Macro‑Economic Monitor

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Cuba economy

Cuba’s economy shrank 1.1% in 2024, slower than the world as a whole (2.9%). Unemployment was 1.8% in 2025.

IndicatorLatestYear
Real GDP growth−1.1%2024
Unemployment1.8%2025
GDP (US dollars)$107 bn2020
GDP per person (US dollars)$9,6052020
Population10.9 m2025
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Source: World Bank, World Development Indicators (CC BY 4.0). Data release 2026-10-22. Figures are revised by their publishers.