Chile vs Cuba: Economic Indicators Comparison

Chile with a GDP of $298.2B ranked the 42nd largest economy in the world, while Cuba ranked 64th with $100B. By GDP 5-years average growth and GDP per capita, Chile and Cuba ranked 123rd vs 130th and 59th vs 82nd, respectively.

Gross Domestic Product & Income

Stat	Chile	Cuba
GDP	$298.2B	$100B
GDP growth, 1 year	4%	2.3%
GDP growth, 5-years average	2.2%	2%
Population	18.1M	11.5M
GDP per capita	$16k	$8.8k
GDP per capita growth	2.59%	2.26%
Purchasing Power Parity conversion factor	404.85	0.32
Price level ratio of PPP conversion factor GDP to market exchange rate	0.63	N/A
GDP per capita, PPP adjusted	$26k	$14k
GNI, Atlas method	$274.8B	$84.8B
GNI per capita	$15k	$7.5k
GNI, PPP adjusted	$453B	N/A
GNI per capita, PPP adjusted	$24k	N/A

Financial system and Human development

Stat	Chile	Cuba
Income Tax Rate	35%	50%
Corporate Tax Rate	27%	30%
Inflation, consumer prices	2.3%	6.9%
Inflation, GDP deflator	2%	1%
Unemployment	7.2%	2.3%
Economic Freedom Index	76.8	26.9
Personal Freedom Index	8.4	5.4
Human Freedom Index	8.11	5.2
Property Rights Index	69.9	20.1
Judical Effectiveness Index	61.1	10
Business Freedom Index	75	20
Fiscal Health Index	90.5	14.8
Labor Freedom Index	64.7	20
Investment Freedom Index	85	10
Financial Freedom Index	70	10
Trade Freedom Index	89	65.6
Monetary Freedom Index	85.2	64.1
Government Spending Index	80.8	0
Tax Burden Index	76.4	49.5
Government Integrity Index	73.4	38.7
Corruption Perceptions Index	67	47
Life expectancy at birth, years	79.9	78.7
Suicide mortality rate, per 100,000 people	10.6	13.9
Mortality caused by road traffic injury, per 100,000 people	12.5	8.5
Intentional homicides, per 100,000 people	4.3	5
International tourism, number of arrivals	5.7M	4.7M

Government debt & reserves

Stat	Chile	Cuba
Central government debt, % of GDP	25.6%	51%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	3.6%	N/A
Gross savings, % of GDP	19.5%	N/A
Gross capital formation, % of GDP	22.7%	12%
Total reserves including gold	$39.9B	$144M
Foreign direct investment net inflows	$6.1B	N/A

Exports, imports and economic structure

Stat	Chile	Cuba
Exports of goods and services, % of GDP	28.8%	14.5%
Imports of goods and services, % of GDP	28.7%	12.6%
Current account balance (balance of payments)	-$9.2B	N/A
Revenue excluding grants, % of GDP	22%	N/A
Grants excluding technical cooperation, BoP	$25.2M	$510.6M
Personal remittances received	$66.1M	N/A
Industry including construction value added, % of GDP	30%	25.1%
Agriculture, forestry and fishing value added, % of GDP	3.6%	3.8%
Charges for the use of intellectual property, payments BoP	$1.8B	N/A
Charges for the use of intellectual property, receipts BoP	$46.2M	N/A
Expense, % of GDP	22.4%	N/A
Government Expenditure, % of GDP	25.3%	64.8%