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Economy of Antigua and Barbuda vs Cuba compared: GDP & Debt

Updated on by Georank team

Antigua and Barbuda has a GDP of $2.21B compared to $107B for Cuba, ranking 177/197 and 69/197 by economy size, respectively.

Antigua and Barbuda vs Cuba GDP by year

Antigua and Barbuda
Cuba
1x
Year GDP, current $
Antigua Cuba
2024 $2,207,622,874 -
2023 $2,005,785,185 -
2022 $1,866,566,667 -
2021 $1,602,125,926 -
2020 $1,411,637,037 $107,352,000,000
2019 $1,726,448,148 $103,427,600,000
2018 $1,661,529,630 $100,050,036,100
2017 $1,534,855,556 $96,850,649,700
2016 $1,489,603,704 $91,370,407,900
2015 $1,437,485,185 $87,132,800,000
2014 $1,378,707,407 $80,656,100,000
2013 $1,325,496,296 $77,148,000,000
2012 $1,364,729,630 $73,141,000,000
2011 $1,287,359,259 $68,990,000,000
2010 $1,298,348,148 $59,562,962,963
2009 $1,386,518,519 $57,481,481,481
2008 $1,557,640,741 $56,302,129,630
2007 $1,487,381,481 $54,262,870,370
2006 $1,303,674,074 $48,835,925,926
2005 $1,143,896,296 $42,643,836,100
2004 $1,026,329,630 $38,203,000,000
2003 $948,100,000 $35,901,200,000
2002 $898,092,593 $33,590,500,000
2001 $877,774,074 $31,682,400,000
2000 $901,003,704 $30,565,400,000
1999 $835,544,444 $28,364,615,200
1998 $789,788,889 $25,736,331,200
1997 $734,422,222 $25,365,908,100
1996 $679,140,741 $25,017,368,700
1995 $616,051,852 $30,429,803,651
1994 $625,081,481 $28,448,326,757
1993 $565,662,963 $22,367,254,865
1992 $525,133,333 $22,085,858,243
1991 $504,337,037 $24,316,556,026
1990 $478,718,519 $28,645,436,569
1989 $455,174,074 $27,023,468,666
1988 $411,396,296 $27,458,999,472
1987 $346,866,667 $25,213,935,012
1986 $297,562,963 $24,226,574,634
1985 $246,370,370 $22,920,490,774
1984 $212,214,815 $24,039,383,608
1983 $184,866,667 $22,204,940,512
1982 $166,444,444 $20,953,510,235
1981 $149,388,889 $20,150,254,096
1980 $132,451,852 $19,912,889,861
1979 $109,596,296 $19,584,443,288
1978 $88,040,741 $17,844,705,325
1977 $77,507,407 $14,206,158,675
1976 - $13,789,579,903
1975 - $13,027,415,244
1974 - $11,405,957,317
1973 - $9,987,709,650
1972 - $8,135,150,892
1971 - $6,914,658,400
1970 - $5,693,005,200

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/antigua-and-barbuda/cuba | CC BY

GDP per capita in Antigua and Barbuda vs Cuba by year

Antigua and Barbuda
GDP per capita

GDP per capita, PPP
Cuba
GDP per capita

GDP per capita, PPP
1x
Year Current $
Antigua Cuba
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $23,542 $33,386 - -
2023 $21,495 $31,602 - -
2022 $20,105 $29,934 - -
2021 $17,349 $25,745 - -
2020 $15,370 $22,370 $9,605 -
2019 $18,896 $26,551 $9,232 -
2018 $18,273 $24,524 $8,911 -
2017 $16,966 $21,422 $8,611 -
2016 $16,557 $21,320 $8,111 $12,300
2015 $16,078 $20,985 $7,728 -
2014 $15,532 $21,671 $7,147 -
2013 $15,052 $21,761 $6,828 -
2012 $15,640 $23,012 $6,471 -
2011 $14,912 $23,804 $6,104 -
2010 $15,217 $24,071 $5,272 $10,200
2009 $16,472 $26,157 $5,089 $9,700
2008 $18,787 $29,978 $4,986 $9,500
2007 $18,205 $29,851 $4,807 $11,000
2006 $16,174 $26,949 $4,330 $4,000
2005 $14,369 $23,485 $3,786 $3,500
2004 $13,038 $21,629 $3,399 $3,000
2003 $12,173 $20,127 $3,203 $2,900
2002 $11,659 $18,813 $3,005 $2,300
2001 $11,539 $18,569 $2,843 -
2000 $12,027 $19,319 $2,751 $1,700
1999 $11,342 $18,088 $2,562 $1,700
1998 $10,907 $17,496 $2,332 -
1997 $10,336 $16,836 $2,306 -
1996 $9,756 $16,017 $2,282 -
1995 $9,034 $15,062 $2,785 -
1994 $9,351 $15,736 $2,613 -
1993 $8,625 $14,720 $2,063 -
1992 $8,154 $13,908 $2,048 -
1991 $7,956 $13,658 $2,269 -
1990 $7,591 $12,996 $2,694 -
1989 $7,188 - $2,566 -
1988 $6,466 - $2,632 -
1987 $5,424 - $2,440 -
1986 $4,629 - $2,365 -
1985 $3,814 - $2,257 -
1984 $3,271 - $2,386 -
1983 $2,847 - $2,222 -
1982 $2,569 - $2,114 -
1981 $2,310 - $2,046 -
1980 $2,053 - $2,031 -
1979 $1,705 - $2,006 -
1978 $1,375 - $1,837 -
1977 $1,214 - $1,472 -
1976 - - $1,441 -
1975 - - $1,374 -
1974 - - $1,217 -
1973 - - $1,079 -
1972 - - $892 -
1971 - - $770 -
1970 - - $645 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2016, retrieved 2026-02-20).

GeoRank.org/economy/antigua-and-barbuda/cuba | CC BY

Antigua and Barbuda's GDP per capita is $23,542, ranking 53/197, compared to $9,605 in Cuba, ranking 86/197. Adjusted for purchasing power (GDP per capita PPP), Antigua and Barbuda ranks 66th at $33,386, while Cuba ranks 124th at $12,300.

Economic indicators

Antigua Cuba
Gross domestic product
$2.21B
2024
$107B
2020
GDP rank
177/197
2024
69/197
2020
GDP growth
3.66%
2023-2024
-1.06%
2023-2024
GDP per capita
$23,542
2024
$9,605
2020
GDP per capita rank
53/197
2024
86/197
2020
GDP per capita, PPP
$33,386
2024
$12,300
2016
GDP per capita PPP rank
66/197
2024
124/197
2016
Government debt
$1.49B
2024
n/a
Debt-to-GDP ratio
67.6%
2024
n/a
Government debt per person
$15,910
2024
n/a
Government debt per person rank
39/185
2024
n/a
Average annual personal income after taxes
$16,563
2026
$3,075
2026
Government expenditure, % of GDP
19.8%
2024
49%
2025
Consumer prices inflation
6.2%
2023-2024
5.5%
2019-2020
Unemployment rate
5.37%
2023
1.7%
2018
Population
94757
10894785

Inflation comparison by year

Inflation
Antigua and Barbuda

Cuba
1x
Year Consumer prices inflation
Antigua Cuba
2024 6.2% -
2023 5.1% -
2022 7.5% -
2021 1.6% -
2020 1.1% 5.5%
2019 1.4% 5.5%
2018 1.2% 5.5%
2017 2.4% -
2016 -0.5% 4.5%
2015 1% 4.4%
2014 1.1% -
2013 1.1% 6%
2012 3.4% 5.5%
2011 3.5% 4.7%
2010 3.4% 0.7%
2009 -0.6% -0.5%
2008 5.3% 3.4%
2007 1.4% 3.1%
2006 1.8% 5%
2005 2.1% 7%
2004 2% 3.1%
2003 2% 4.1%
2002 2.4% 7.1%
2001 1.9% -
2000 -0.2% -
1999 1.1% 0.3%
1998 3.3% -
1997 0.4% -

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-02-20).

GeoRank.org/economy/antigua-and-barbuda/cuba | CC BY

Over the past 22 years, Antigua and Barbuda has recorded an average annual inflation rate of 1.74%, compared with 4.16% in Cuba. In 2020, inflation was 6.2% in Antigua and Barbuda and 5.5% in Cuba.

Top exports between countries

Antigua
Export category Export value
Machinery & equipment $73K
Processed food, beverages & tobacco $58K
Textiles & consumer goods $55K
Chemicals & pharma $46K
Metals $20K
Raw materials & minerals $1K
Wood & paper products $1K
Cuba
Export category Export value
Chemicals & pharma $7K

Balance of trade

Antigua Cuba
Current account balance
-$181M
2024
n/a
Current account balance ranking
98/190
2024
n/a
Current account balance, % of GDP
-8.22%
2024
n/a
Goods imports
$726M
2024
n/a
Goods exports
$72.1M
2024
n/a
Service imports
$557M
2024
n/a
Service exports
$1.24B
2024
n/a
Imports of goods and services, % of GDP
63%
2022
82.4%
2024
Exports of goods and services, % of GDP
54.7%
2022
42.5%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Antigua Cuba
Economic freedom 56 25.2
Economic freedom ranking 125/197 195/197
Property rights n/a 27.7
Government integrity n/a 33
Judicial effectiveness n/a 16
Tax burden n/a 51.9
Government spending n/a 0
Fiscal health n/a 0
Business freedom n/a 41.4
Labor freedom n/a 20
Monetary freedom n/a 20
Trade freedom n/a 72.8
Investment freedom n/a 10
Financial freedom n/a 10

Other economic metrics

Antigua Cuba
Services, % of GDP
69.1%
2023
73.4%
2024
Industry, % of GDP
19%
2023
23.8%
2024
Agriculture, forestry, and fishing, % of GDP
1.94%
2023
1.24%
2024
GNI, Atlas method
$1.98B
2024
$101B
2019
GNI per capita, PPP
$31,730
2024
n/a
Total reserves including gold
$358M
2024
$144M
1960
Total reserves ranking
164/177
2024
173/177
1960
Net foreign direct investment
-$253M
2024
n/a
Net inflows of foreign direct investment
$246M
2024
n/a
Net outflows of foreign direct investment
-$68.4K
2024
$0
2024
Gross capital formation, % of GDP n/a
9.87%
2020

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/antigua-and-barbuda/cuba | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-02-20)
  4. International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. TradeMap (2021–2022, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.