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Economy of Cuba vs Eswatini compared: GDP & Debt

Updated on by Georank team

Cuba has a GDP of $107B compared to $4.86B for Eswatini, ranking 69/197 and 162/197 by economy size, respectively.

Cuba vs Eswatini GDP by year

Cuba
Eswatini
1x
Year GDP, current $
Cuba Eswatini
2024 - $4,858,885,841
2023 - $4,621,191,262
2022 - $4,746,660,274
2021 - $4,807,069,277
2020 $107,352,000,000 $4,134,677,810
2019 $103,427,600,000 $4,617,018,959
2018 $100,050,036,100 $4,643,751,059
2017 $96,850,649,700 $4,462,640,651
2016 $91,370,407,900 $3,722,306,117
2015 $87,132,800,000 $3,908,217,914
2014 $80,656,100,000 $4,285,065,665
2013 $77,148,000,000 $4,463,396,204
2012 $73,141,000,000 $4,747,813,067
2011 $68,990,000,000 $4,722,912,047
2010 $59,562,962,963 $4,360,714,359
2009 $57,481,481,481 $3,525,213,502
2008 $56,302,129,630 $3,235,921,171
2007 $54,262,870,370 $3,391,122,887
2006 $48,835,925,926 $3,215,307,901
2005 $42,643,836,100 $3,097,946,371
2004 $38,203,000,000 $2,710,331,785
2003 $35,901,200,000 $2,149,632,433
2002 $33,590,500,000 $1,393,945,031
2001 $31,682,400,000 $1,502,870,486
2000 $30,565,400,000 $1,697,161,558
1999 $28,364,615,200 $1,547,888,496
1998 $25,736,331,200 $1,576,908,856
1997 $25,365,908,100 $1,716,714,070
1996 $25,017,368,700 $1,602,741,834
1995 $30,429,803,651 $1,698,989,464
1994 $28,448,326,757 $1,419,294,254
1993 $22,367,254,865 $1,357,189,552
1992 $22,085,858,243 $1,284,759,928
1991 $24,316,556,026 $1,156,135,718
1990 $28,645,436,569 $1,114,694,041
1989 $27,023,468,666 $696,921,542
1988 $27,458,999,472 $692,026,455
1987 $25,213,935,012 $584,126,092
1986 $24,226,574,634 $449,140,318
1985 $22,920,490,774 $360,079,419
1984 $24,039,383,608 $494,483,409
1983 $22,204,940,512 $555,336,146
1982 $20,953,510,235 $537,568,059
1981 $20,150,254,096 $570,774,825
1980 $19,912,889,861 $541,976,853
1979 $19,584,443,288 $412,093,134
1978 $17,844,705,325 $340,630,085
1977 $14,206,158,675 $304,060,076
1976 $13,789,579,903 $272,550,068
1975 $13,027,415,244 $288,299,789
1974 $11,405,957,317 $264,320,941
1973 $9,987,709,650 $221,915,128
1972 $8,135,150,892 $146,736,479
1971 $6,914,658,400 $136,462,081
1970 $5,693,005,200 $112,139,955
1969 - $105,419,958
1968 - $79,799,968
1967 - $74,759,970
1966 - $76,859,969
1965 - $70,279,972
1964 - $64,980,554
1963 - $54,129,438
1962 - $45,927,962
1961 - $43,026,043
1960 - $35,076,846

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/cuba/eswatini | CC BY

GDP per capita in Cuba vs Eswatini by year

Cuba
GDP per capita

GDP per capita, PPP
Eswatini
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cuba Eswatini
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $3,910 $11,799
2023 - - $3,756 $11,300
2022 - - $3,894 $10,635
2021 - - $3,984 $9,990
2020 $9,605 - $3,467 $9,329
2019 $9,232 - $3,913 $9,248
2018 $8,911 - $3,973 $8,535
2017 $8,611 - $3,853 $8,584
2016 $8,111 $12,300 $3,238 $8,484
2015 $7,728 - $3,420 $8,391
2014 $7,147 - $3,771 $8,366
2013 $6,828 - $3,950 $8,231
2012 $6,471 - $4,225 $7,760
2011 $6,104 - $4,225 $7,571
2010 $5,272 $10,200 $3,923 $7,324
2009 $5,089 $9,700 $3,190 $7,011
2008 $4,986 $9,500 $2,947 $6,914
2007 $4,807 $11,000 $3,109 $6,732
2006 $4,330 $4,000 $2,965 $6,319
2005 $3,786 $3,500 $2,871 $5,773
2004 $3,399 $3,000 $2,526 $5,310
2003 $3,203 $2,900 $2,015 $5,020
2002 $3,005 $2,300 $1,316 $4,742
2001 $2,843 - $1,430 $4,521
2000 $2,751 $1,700 $1,630 $4,401
1999 $2,562 $1,700 $1,502 $4,272
1998 $2,332 - $1,547 $4,137
1997 $2,306 - $1,705 $4,038
1996 $2,282 - $1,619 $3,916
1995 $2,785 - $1,751 $3,777
1994 $2,613 - $1,461 $3,526
1993 $2,063 - $1,397 $3,371
1992 $2,048 - $1,362 $3,289
1991 $2,269 - $1,273 $3,236
1990 $2,694 - $1,278 $3,202
1989 $2,566 - $832 -
1988 $2,632 - $865 -
1987 $2,440 - $765 -
1986 $2,365 - $611 -
1985 $2,257 - $510 -
1984 $2,386 - $726 -
1983 $2,222 - $843 -
1982 $2,114 - $843 -
1981 $2,046 - $925 -
1980 $2,031 - $908 -
1979 $2,006 - $714 -
1978 $1,837 - $610 -
1977 $1,472 - $563 -
1976 $1,441 - $521 -
1975 $1,374 - $568 -
1974 $1,217 - $536 -
1973 $1,079 - $463 -
1972 $892 - $315 -
1971 $770 - $301 -
1970 $645 - $254.2 -
1969 - - $245.2 -
1968 - - $190.4 -
1967 - - $182.8 -
1966 - - $192.7 -
1965 - - $181 -
1964 - - $171.6 -
1963 - - $146.4 -
1962 - - $127.1 -
1961 - - $121.8 -
1960 - - $101.6 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2016, retrieved 2026-02-20).

GeoRank.org/economy/cuba/eswatini | CC BY

Cuba's GDP per capita is $9,605, ranking 86/197, compared to $3,910 in Eswatini, ranking 131/197. Adjusted for purchasing power (GDP per capita PPP), Cuba ranks 124th at $12,300, while Eswatini ranks 126th at $11,799.

Economic indicators

Cuba Eswatini
Gross domestic product
$107B
2020
$4.86B
2024
GDP rank
69/197
2020
162/197
2024
GDP growth
-1.06%
2023-2024
2.97%
2023-2024
GDP per capita
$9,605
2020
$3,910
2024
GDP per capita rank
86/197
2020
131/197
2024
GDP per capita, PPP
$12,300
2016
$11,799
2024
GDP per capita PPP rank
124/197
2016
126/197
2024
Government debt n/a
$1.93B
2024
Debt-to-GDP ratio n/a
39.8%
2024
Government debt per person n/a
$1,554
2024
Government debt per person rank n/a
130/185
2024
Average annual personal income after taxes
$3,075
2026
$3,913
2026
Market capitalization of domestic companies n/a
$234M
2007
Number of billionaires n/a
1
2025
Income share by richest 10% n/a
42.7%
2016
Income share by poorest 10% n/a
1.4%
2016
Government expenditure, % of GDP
49%
2025
33.3%
2024
Consumer prices inflation
5.5%
2019-2020
2.6%
2018-2019
Central bank interest rate n/a
6.75%
2025
Unemployment rate
1.7%
2018
34.6%
2023
Population
10894785
1273390

Inflation comparison by year

Inflation
Cuba

Eswatini
1x
Year Consumer prices inflation
Cuba Eswatini
2020 5.5% -
2019 5.5% 2.6%
2018 5.5% 4.82%
2017 - 6.22%
2016 4.5% 7.85%
2015 4.4% 4.95%
2014 - 5.68%
2013 6% 5.62%
2012 5.5% 8.94%
2011 4.7% 6.11%
2010 0.7% 4.51%
2009 -0.5% 7.45%
2008 3.4% 12.7%
2007 3.1% 8.08%
2006 5% 5.3%
2005 7% 4.77%
2004 3.1% 3.45%
2003 4.1% 7.29%
2002 7.1% 12%
2001 - 5.94%
2000 - 12.2%
1999 0.3% 6.09%
1998 - 8.11%
1997 - 7.13%

Data sources: World Bank | Economy & Growth (1997–2019, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-02-20).

GeoRank.org/economy/cuba/eswatini | CC BY

Over the past 21 years, Cuba has recorded an average annual inflation rate of 4.08%, compared with 6.79% in Eswatini. In 2019, inflation was 5.5% in Cuba and 2.6% in Eswatini.

Top exports between countries

Cuba
Export category Export value
Eswatini
Export category Export value
Miscellaneous $53K

Balance of trade

Cuba Eswatini
Current account balance n/a
$78.3M
2024
Current account balance ranking n/a
69/190
2024
Current account balance, % of GDP n/a
+1.61%
2024
Goods imports n/a
$2.07B
2024
Goods exports n/a
$2.33B
2024
Service imports n/a
$542M
2024
Service exports n/a
$234M
2024
Imports of goods and services, % of GDP
82.4%
2024
53.7%
2024
Exports of goods and services, % of GDP
42.5%
2024
53.8%
2024

Economic freedom indices

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

Cuba Eswatini
Economic freedom 25.2 57.5
Economic freedom ranking 195/197 116/197
Property rights 27.7 42.5
Government integrity 33 29.7
Judicial effectiveness 16 35.5
Tax burden 51.9 78.6
Government spending 0 71
Fiscal health 0 87.5
Business freedom 41.4 49.9
Labor freedom 20 55.2
Monetary freedom 20 76.8
Trade freedom 72.8 73.6
Investment freedom 10 50
Financial freedom 10 40

Economic freedom comparison by year

Cuba
Eswatini
1x
Year Economic freedom index
Cuba Eswatini
2026 25.2 57.5
2025 25.4 56.4
2024 25.7 55.6
2023 24.3 54.9
2022 29.5 51.4
2021 28.1 55.1
2020 26.9 55.3
2019 27.8 54.7
2018 31.9 55.9
2017 33.9 61.1
2016 29.8 59.7
2015 29.6 59.9
2014 28.7 61.2
2013 28.5 57.2
2012 28.3 57.2
2011 27.7 59.1
2010 26.7 57.4
2009 27.9 59.1
2008 27.5 58.4
2007 28.6 60.1
2006 29.3 61.4
2005 35.5 59.4
2004 34.4 58.6
2003 35.1 59.6
2002 32.4 60.9
2001 31.6 63.6
2000 31.3 62.6
1999 29.7 62.1
1998 28.2 62
1997 27.8 59.4
1996 27.8 58.6
1995 27.8 63.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/cuba/eswatini | CC BY

The Economic Freedom Index for Cuba is 25.2, ranking 195/197, compared to 57.5 for Eswatini, ranking 116/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cuba Eswatini
Services, % of GDP
73.4%
2024
51.4%
2024
Industry, % of GDP
23.8%
2024
34.7%
2024
Agriculture, forestry, and fishing, % of GDP
1.24%
2024
6.48%
2024
GNI, Atlas method
$101B
2019
$4.46B
2024
GNI per capita, PPP n/a
$10,760
2024
Total reserves including gold
$144M
1960
$479M
2023
Total reserves ranking
173/177
1960
159/177
2023
Net foreign direct investment n/a
-$11.8M
2024
Net inflows of foreign direct investment n/a
$75.5M
2024
Net outflows of foreign direct investment
$0
2024
$63.8M
2024
Servicing debt to the IMF, % of GNI n/a
4.68%
2024
Poverty at national poverty lines n/a
58.9%
2016
Gross capital formation, % of GDP
9.87%
2020
15%
2024

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/cuba/eswatini | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-04-06)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  3. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-02-20)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2023, retrieved 2026-02-08)

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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.