Azerbaijan vs Cuba: Economic Indicators Comparison

Cuba with a GDP of $100B ranked the 64th largest economy in the world, while Azerbaijan ranked 88th with $46.9B. By GDP 5-years average growth and GDP per capita, Cuba and Azerbaijan ranked 130th vs 164th and 82nd vs 110th, respectively.

Gross Domestic Product & Income

Stat	Azerbaijan	Cuba
GDP	$46.9B	$100B
GDP growth, 1 year	1.4%	2.3%
GDP growth, 5-years average	0.4%	2%
Population	10M	11.5M
GDP per capita	$4.7k	$8.8k
GDP per capita growth	0.51%	2.26%
Purchasing Power Parity conversion factor	0.44	0.32
Price level ratio of PPP conversion factor GDP to market exchange rate	0.26	N/A
GDP per capita, PPP adjusted	$18k	$14k
GNI, Atlas method	$40.3B	$84.8B
GNI per capita	$4.1k	$7.5k
GNI, PPP adjusted	$170B	N/A
GNI per capita, PPP adjusted	$17k	N/A

Financial system and Human development

Stat	Azerbaijan	Cuba
Income Tax Rate	25%	50%
Corporate Tax Rate	20%	30%
Inflation, consumer prices	2.3%	6.9%
Inflation, GDP deflator	11.9%	1%
Unemployment	5.2%	2.3%
Economic Freedom Index	69.3	26.9
Personal Freedom Index	6.73	5.4
Human Freedom Index	6.44	5.2
Property Rights Index	67.1	20.1
Judical Effectiveness Index	53.9	10
Business Freedom Index	80.8	20
Fiscal Health Index	99.2	14.8
Labor Freedom Index	66.2	20
Investment Freedom Index	70	10
Financial Freedom Index	60	10
Trade Freedom Index	74.6	65.6
Monetary Freedom Index	69.8	64.1
Government Spending Index	63	0
Tax Burden Index	88	49.5
Government Integrity Index	38.7	38.7
Corruption Perceptions Index	25	47
Life expectancy at birth, years	72.7	78.7
Suicide mortality rate, per 100,000 people	2.6	13.9
Mortality caused by road traffic injury, per 100,000 people	8.7	8.5
Intentional homicides, per 100,000 people	2	5
International tourism, number of arrivals	2.6M	4.7M

Government debt & reserves

Stat	Azerbaijan	Cuba
Central government debt, % of GDP	19.4%	51%
External debt stocks, % of GNI	36.4%	N/A
External debt stocks	$16.2B	N/A
Short-term debt, % of total reserves	8.5%	N/A
Total debt service, % of exports and primary income	10.5%	N/A
Adjusted net savings including particulate emission damage, % of GNI	9.5%	N/A
Gross savings, % of GDP	33%	N/A
Gross capital formation, % of GDP	20.1%	12%
Total reserves including gold	$6.7B	$144M
Foreign direct investment net inflows	$1.4B	N/A

Exports, imports and economic structure

Stat	Azerbaijan	Cuba
Exports of goods and services, % of GDP	54.3%	14.5%
Imports of goods and services, % of GDP	37.7%	12.6%
Current account balance (balance of payments)	$6.1B	N/A
Revenue excluding grants, % of GDP	35.1%	N/A
Grants excluding technical cooperation, BoP	$45.7M	$510.6M
Personal remittances received	$1.2B	N/A
Industry including construction value added, % of GDP	52.2%	25.1%
Agriculture, forestry and fishing value added, % of GDP	5.3%	3.8%
Charges for the use of intellectual property, payments BoP	$28.2M	N/A
Charges for the use of intellectual property, receipts BoP	$28k	N/A
Expense, % of GDP	28%	N/A
Government Expenditure, % of GDP	35.1%	64.8%