Cuba vs Italy: Economic Indicators Comparison

Italy with a GDP of $2.1T ranked the 8th largest economy in the world, while Cuba ranked 64th with $100B. By GDP 5-years average growth and GDP per capita, Italy and Cuba ranked 154th vs 130th and 29th vs 82nd, respectively.

Gross Domestic Product & Income

Stat	Cuba	Italy
GDP	$100B	$2.1T
GDP growth, 1 year	2.3%	0.9%
GDP growth, 5-years average	2%	0.9%
Population	11.5M	60.3M
GDP per capita	$8.8k	$34k
GDP per capita growth	2.26%	0.95%
Purchasing Power Parity conversion factor	0.32	0.7
Price level ratio of PPP conversion factor GDP to market exchange rate	N/A	0.82
GDP per capita, PPP adjusted	$14k	$40k
GNI, Atlas method	$84.8B	$2T
GNI per capita	$7.5k	$34k
GNI, PPP adjusted	N/A	$2.6T
GNI per capita, PPP adjusted	N/A	$42k

Financial system and Human development

Stat	Cuba	Italy
Income Tax Rate	50%	43%
Corporate Tax Rate	30%	27.5%
Inflation, consumer prices	6.9%	1.2%
Inflation, GDP deflator	1%	0.9%
Unemployment	2.3%	10.2%
Economic Freedom Index	26.9	63.8
Personal Freedom Index	5.4	8.79
Human Freedom Index	5.2	8.01
Property Rights Index	20.1	75.4
Judical Effectiveness Index	10	51.3
Business Freedom Index	20	70.4
Fiscal Health Index	14.8	71.1
Labor Freedom Index	20	50.9
Investment Freedom Index	10	80
Financial Freedom Index	10	50
Trade Freedom Index	65.6	86.4
Monetary Freedom Index	64.1	83.2
Government Spending Index	0	28.5
Tax Burden Index	49.5	56
Government Integrity Index	38.7	62.2
Corruption Perceptions Index	47	52
Life expectancy at birth, years	78.7	83.2
Suicide mortality rate, per 100,000 people	13.9	8.2
Mortality caused by road traffic injury, per 100,000 people	8.5	5.6
Intentional homicides, per 100,000 people	5	0.7
International tourism, number of arrivals	4.7M	61.6M

Government debt & reserves

Stat	Cuba	Italy
Central government debt, % of GDP	51%	132.1%
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	N/A	6%
Gross savings, % of GDP	N/A	20.8%
Gross capital formation, % of GDP	12%	18.2%
Total reserves including gold	$144M	$152.4B
Foreign direct investment net inflows	N/A	$39.6B

Exports, imports and economic structure

Stat	Cuba	Italy
Exports of goods and services, % of GDP	14.5%	31.5%
Imports of goods and services, % of GDP	12.6%	29%
Current account balance (balance of payments)	N/A	$53.8B
Revenue excluding grants, % of GDP	N/A	37.7%
Grants excluding technical cooperation, BoP	$510.6M	N/A
Personal remittances received	N/A	$9.9B
Industry including construction value added, % of GDP	25.1%	21.4%
Agriculture, forestry and fishing value added, % of GDP	3.8%	1.9%
Charges for the use of intellectual property, payments BoP	N/A	$5.1B
Charges for the use of intellectual property, receipts BoP	N/A	$4.9B
Expense, % of GDP	N/A	41.3%
Government Expenditure, % of GDP	64.8%	48.8%