Inflation, GDP deflator: linked series (annual %) in Cuba
Cuba: Inflation, GDP deflator: linked series (annual %) was 32.2% in 2024. ◆ Volatile
Inflation, GDP deflator: linked series in Cuba, 1990–2024
Source: Staff estimates, World Bank (WB). Measured in annual %.
Analysis
In 2024, inflation, gdp deflator: linked series in Cuba stood at 32.2%.
That represents a change of down 4.0% on the previous year and up 830.3% over ten years.
Over the whole period, inflation, gdp deflator: linked series in Cuba peaked at 401.6% in 2021 and was at its lowest, -7.4%, in 1991.
Cuba ranks 9th of 214 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator: linked series (annual %) in Cuba, year by year
| Year | annual % | Change |
|---|---|---|
| 1990 | 5.3% | — |
| 1991 | -7.4% | -240.4% |
| 1992 | 3.7% | -150.7% |
| 1993 | 19.0% | +406.6% |
| 1994 | 26.3% | +38.5% |
| 1995 | 10.5% | -60.0% |
| 1996 | -2.7% | -125.4% |
| 1997 | -1.4% | -49.4% |
| 1998 | 1.3% | -196.0% |
| 1999 | 3.8% | +191.7% |
| 2000 | 1.7% | -54.0% |
| 2001 | 0.5% | -73.9% |
| 2002 | 4.5% | +896.4% |
| 2003 | 3.0% | -34.4% |
| 2004 | 0.6% | -79.6% |
| 2005 | 0.4% | -37.3% |
| 2006 | 10.4% | +2627.2% |
| 2007 | 3.6% | -65.4% |
| 2008 | -0.3% | -109.6% |
| 2009 | 0.6% | -284.1% |
| 2010 | 1.2% | +89.5% |
| 2011 | 4.3% | +259.7% |
| 2012 | 2.9% | -32.6% |
| 2013 | 2.7% | -8.8% |
| 2014 | 3.5% | +30.3% |
| 2015 | 3.4% | -0.7% |
| 2016 | 4.3% | +25.9% |
| 2017 | 4.1% | -5.0% |
| 2018 | 1.0% | -74.9% |
| 2019 | 3.5% | +243.4% |
| 2020 | 16.6% | +367.1% |
| 2021 | 401.6% | +2325.5% |
| 2022 | 14.1% | -96.5% |
| 2023 | 33.6% | +138.1% |
| 2024 | 32.2% | -4.0% |
Cuba compared with similar countries
- Cuba's 32.2% is above the median for upper middle income countries, which is 3.3%, 9.7× the median. (59 countries reporting)
- Cuba's 32.2% is above the median for Latin America & Caribbean, which is 3.4%, 9.6× the median. (40 countries reporting)
Biggest year-on-year movements
Years where Inflation, GDP deflator: linked series (annual %) in Cuba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2006 | +2627.2% | 0.4% | 10.4% |
| 2021 | +2325.5% | 16.6% | 401.6% |
| 2002 | +896.4% | 0.5% | 4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.8% | -7.4% | 26.3% | 10 |
| 2000s | 2.5% | -0.3% | 10.4% | 10 |
| 2010s | 3.1% | 1.0% | 4.3% | 10 |
| 2020s | 99.6% | 14.1% | 401.6% | 5 |
Countries ranked near Cuba
More financial sector data for Cuba
- Reserve position in the IMF, US dollar, annual growth rate -100 % change on previous year (1957)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- Reserve position in the IMF, US dollar, per capita 0 units per person (2016)
- Reserve position in the IMF, SDR, annual growth rate -100 % change on previous year (1957)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- Reserve position in the IMF, SDR, per capita 0 units per person (2016)
- Reserve tranche position, US dollar, annual growth rate -100 % change on previous year (1957)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- Reserve tranche position, US dollar, per capita 0 units per person (2016)
- Reserve tranche position, SDR, annual growth rate -100 % change on previous year (1957)
Frequently asked questions
- What is inflation, gdp deflator: linked series in Cuba?
- Inflation, gdp deflator: linked series in Cuba was 32.2% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest inflation, gdp deflator: linked series recorded in Cuba?
- The highest recorded value was 401.6% in 2021.
- What is the lowest inflation, gdp deflator: linked series recorded in Cuba?
- The lowest recorded value was -7.4% in 1991.
- How does Cuba rank for inflation, gdp deflator: linked series?
- Cuba ranks 9th out of 214 countries with data for 2024.
- Is inflation, gdp deflator: linked series rising or falling in Cuba?
- Over the last ten years it is up 830.3%. The long-run trend across the full record is volatile.
- Where does this Cuba data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.