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Economy of Cuba vs Kazakhstan compared: GDP & Debt

Updated on by Georank team

Cuba has a GDP of $107B compared to $291B for Kazakhstan, ranking 69/197 and 48/197 by economy size, respectively.

Cuba vs Kazakhstan GDP by year

Cuba
Kazakhstan
1x
Year GDP, current $
Cuba Kazakhstan
2024 - $291,480,274,649
2023 - $261,840,101,060
2022 - $225,496,328,925
2021 - $197,112,255,361
2020 $107,352,000,000 $171,082,365,861
2019 $103,427,600,000 $181,667,184,855
2018 $100,050,036,100 $179,339,977,690
2017 $96,850,649,700 $166,805,788,827
2016 $91,370,407,900 $137,278,320,084
2015 $87,132,800,000 $184,388,404,706
2014 $80,656,100,000 $221,415,613,595
2013 $77,148,000,000 $236,634,603,409
2012 $73,141,000,000 $207,998,568,866
2011 $68,990,000,000 $192,626,464,617
2010 $59,562,962,963 $148,047,348,241
2009 $57,481,481,481 $115,308,686,941
2008 $56,302,129,630 $133,441,648,852
2007 $54,262,870,370 $104,849,915,058
2006 $48,835,925,926 $81,003,864,630
2005 $42,643,836,100 $57,123,671,734
2004 $38,203,000,000 $43,151,647,003
2003 $35,901,200,000 $30,833,692,900
2002 $33,590,500,000 $24,636,598,527
2001 $31,682,400,000 $22,152,689,180
2000 $30,565,400,000 $18,291,990,662
1999 $28,364,615,200 $16,870,817,182
1998 $25,736,331,200 $22,135,245,507
1997 $25,365,908,100 $22,165,932,063
1996 $25,017,368,700 $21,035,357,937
1995 $30,429,803,651 $20,374,302,652
1994 $28,448,326,757 $21,250,792,886
1993 $22,367,254,865 $23,409,260,880
1992 $22,085,858,243 $24,917,355,372
1991 $24,316,556,026 $24,923,076,923
1990 $28,645,436,569 $26,932,016,270
1989 $27,023,468,666 -
1988 $27,458,999,472 -
1987 $25,213,935,012 -
1986 $24,226,574,634 -
1985 $22,920,490,774 -
1984 $24,039,383,608 -
1983 $22,204,940,512 -
1982 $20,953,510,235 -
1981 $20,150,254,096 -
1980 $19,912,889,861 -
1979 $19,584,443,288 -
1978 $17,844,705,325 -
1977 $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/cuba/kazakhstan | CC BY

GDP per capita in Cuba vs Kazakhstan by year

Cuba
GDP per capita

GDP per capita, PPP
Kazakhstan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cuba Kazakhstan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $14,155 $40,891
2023 - - $12,879 $38,515
2022 - - $11,255 $35,895
2021 - - $9,984 $32,946
2020 $9,605 - $8,782 $29,040
2019 $9,232 - $9,457 $28,689
2018 $8,911 - $9,472 $25,096
2017 $8,611 - $8,943 $23,973
2016 $8,111 $12,300 $7,476 $23,023
2015 $7,728 - $10,196 $22,484
2014 $7,147 - $12,428 $23,958
2013 $6,828 - $13,478 $23,754
2012 $6,471 - $12,019 $21,367
2011 $6,104 - $11,287 $20,160
2010 $5,272 $10,200 $8,793 $18,642
2009 $5,089 $9,700 $6,938 $17,389
2008 $4,986 $9,500 $8,124 $17,278
2007 $4,807 $11,000 $6,449 $16,581
2006 $4,330 $4,000 $5,030 $14,966
2005 $3,786 $3,500 $3,577 $13,226
2004 $3,399 $3,000 $2,722 $11,777
2003 $3,203 $2,900 $1,958 $10,532
2002 $3,005 $2,300 $1,574 $9,504
2001 $2,843 - $1,422 $8,568
2000 $2,751 $1,700 $1,180 $7,418
1999 $2,562 $1,700 $1,092 $6,626
1998 $2,332 - $1,415 $6,284
1997 $2,306 - $1,382 $6,178
1996 $2,282 - $1,281 $5,836
1995 $2,785 - $1,218 $5,595
1994 $2,613 - $1,247 $5,860
1993 $2,063 - $1,355 $6,477
1992 $2,048 - $1,438 $6,945
1991 $2,269 - $1,442 $7,193
1990 $2,694 - $1,570 $7,874
1989 $2,566 - - -
1988 $2,632 - - -
1987 $2,440 - - -
1986 $2,365 - - -
1985 $2,257 - - -
1984 $2,386 - - -
1983 $2,222 - - -
1982 $2,114 - - -
1981 $2,046 - - -
1980 $2,031 - - -
1979 $2,006 - - -
1978 $1,837 - - -
1977 $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/cuba/kazakhstan | CC BY

Cuba's GDP per capita is $9,605, ranking 86/197, compared to $14,155 in Kazakhstan, ranking 71/197. Adjusted for purchasing power (GDP per capita PPP), Cuba ranks 124th at $12,300, while Kazakhstan ranks 58th at $40,891.

Economic indicators

Cuba Kazakhstan
Gross domestic product
$107B
2020
$291B
2024
GDP rank
69/197
2020
48/197
2024
GDP growth
-1.06%
2023-2024
5%
2023-2024
GDP per capita
$9,605
2020
$14,155
2024
GDP per capita rank
86/197
2020
71/197
2024
GDP per capita, PPP
$12,300
2016
$40,891
2024
GDP per capita PPP rank
124/197
2016
58/197
2024
Government debt n/a
$71.1B
2024
Debt-to-GDP ratio n/a
24.4%
2024
Government debt per person n/a
$3,450
2024
Government debt per person rank n/a
95/185
2024
Average annual personal income after taxes
$3,075
2026
$7,486
2026
Market capitalization of domestic companies n/a
$62.8B
2024
Number of millionaires n/a
44,307
2025
Number of billionaires n/a
6
2025
Income share by richest 10% n/a
24.8%
2021
Income share by poorest 10% n/a
4.3%
2021
Government expenditure, % of GDP
49%
2025
20.7%
2024
Consumer prices inflation
5.5%
2019-2020
8.7%
2023-2024
Central bank interest rate n/a
18%
2025
Unemployment rate
1.7%
2018
4.86%
2022
Population
10894785
21161809

Inflation comparison by year

Inflation
Cuba

Kazakhstan
1x
Year Consumer prices inflation
Cuba Kazakhstan
2024 - 8.7%
2023 - 14.5%
2022 - 15%
2021 - 8%
2020 5.5% 6.8%
2019 5.5% 5.3%
2018 5.5% 6%
2017 - 7.5%
2016 4.5% 14.6%
2015 4.4% 6.8%
2014 - 6.6%
2013 6% 5.8%
2012 5.5% 5.1%
2011 4.7% 8.4%
2010 0.7% 7.1%
2009 -0.5% 7.3%
2008 3.4% 17.2%
2007 3.1% 10.8%
2006 5% 8.6%
2005 7% 7.4%
2004 3.1% 7%
2003 4.1% 6.4%
2002 7.1% 6%
2001 - 8.4%
2000 - 13.2%
1999 0.3% 8.3%
1998 - 7.1%
1997 - 17.4%

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/cuba/kazakhstan | CC BY

Over the past 22 years, Cuba has recorded an average annual inflation rate of 4.16%, compared with 8.21% in Kazakhstan. In 2020, inflation was 5.5% in Cuba and 8.7% in Kazakhstan.

Top exports between countries

Cuba
Export category Export value
Processed food, beverages & tobacco $98K
Chemicals & pharma $44K
Kazakhstan
Export category Export value
Wood & paper products $3K

Balance of trade

Cuba Kazakhstan
Current account balance n/a
-$7.94B
2024
Current account balance ranking n/a
173/190
2024
Current account balance, % of GDP n/a
-2.72%
2024
Goods imports n/a
$61.8B
2024
Goods exports n/a
$79B
2024
Service imports n/a
$13B
2024
Service exports n/a
$11.8B
2024
Imports of goods and services, % of GDP
82.4%
2024
25.6%
2024
Exports of goods and services, % of GDP
42.5%
2024
31.6%
2024

Economic freedom indices

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

Cuba Kazakhstan
Economic freedom 25.2 64.2
Economic freedom ranking 195/197 75/197
Property rights 27.7 54.9
Government integrity 33 40.7
Judicial effectiveness 16 33.8
Tax burden 51.9 91.2
Government spending 0 85.6
Fiscal health 0 97.2
Business freedom 41.4 64.9
Labor freedom 20 63.5
Monetary freedom 20 64.3
Trade freedom 72.8 74.4
Investment freedom 10 50
Financial freedom 10 50

Economic freedom comparison by year

Cuba
Kazakhstan
1x
Year Economic freedom index
Cuba Kazakhstan
2026 25.2 64.2
2025 25.4 63.8
2024 25.7 62
2023 24.3 62.1
2022 29.5 64.4
2021 28.1 71.1
2020 26.9 69.6
2019 27.8 65.4
2018 31.9 69.1
2017 33.9 69
2016 29.8 63.6
2015 29.6 63.3
2014 28.7 63.7
2013 28.5 63
2012 28.3 63.6
2011 27.7 62.1
2010 26.7 61
2009 27.9 60.1
2008 27.5 61.1
2007 28.6 59.6
2006 29.3 60.2
2005 35.5 53.9
2004 34.4 49.7
2003 35.1 52.3
2002 32.4 52.4
2001 31.6 51.8
2000 31.3 50.4
1999 29.7 47.3
1998 28.2 41.7
1997 27.8 -
1996 27.8 -
1995 27.8 -

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

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

The Economic Freedom Index for Cuba is 25.2, ranking 195/197, compared to 64.2 for Kazakhstan, ranking 75/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cuba Kazakhstan
Services, % of GDP
73.4%
2024
57.9%
2024
Industry, % of GDP
23.8%
2024
32.1%
2024
Agriculture, forestry, and fishing, % of GDP
1.24%
2024
3.88%
2024
GNI, Atlas method
$101B
2019
$249B
2024
GNI per capita, PPP n/a
$37,590
2024
Total reserves including gold
$144M
1960
$45.8B
2024
Total reserves ranking
173/177
1960
43/177
2024
Net foreign direct investment n/a
-$3.9B
2024
Net inflows of foreign direct investment n/a
$1.98B
2024
Net outflows of foreign direct investment
$0
2024
-$1.92B
2024
Servicing debt to the IMF, % of GNI n/a
17.3%
2024
Poverty at national poverty lines n/a
5%
2024
Gross capital formation, % of GDP
9.87%
2020
27.2%
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/kazakhstan | 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) | World Economic Outlook (1997–2024, retrieved 2026-02-20)
  6. TradeMap (2021–2024, 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.

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.