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Economy of Cuba vs Kenya compared: GDP & Debt

Updated on by Georank team

Cuba has a GDP of $107B compared to $120B for Kenya, ranking 69/197 and 64/197 by economy size, respectively.

Cuba vs Kenya GDP by year

Cuba
Kenya
1x
Year GDP, current $
Cuba Kenya
2024 - $120,339,557,906
2023 - $107,500,884,685
2022 - $114,448,978,153
2021 - $109,703,658,905
2020 $107,352,000,000 $100,657,505,751
2019 $103,427,600,000 $100,378,436,207
2018 $100,050,036,100 $92,202,979,985
2017 $96,850,649,700 $82,036,510,877
2016 $91,370,407,900 $74,815,144,164
2015 $87,132,800,000 $70,120,446,897
2014 $80,656,100,000 $68,285,796,514
2013 $77,148,000,000 $61,671,440,408
2012 $73,141,000,000 $56,396,704,672
2011 $68,990,000,000 $46,869,473,151
2010 $59,562,962,963 $45,405,615,064
2009 $57,481,481,481 $42,347,217,913
2008 $56,302,129,630 $35,895,153,328
2007 $54,262,870,370 $31,958,195,182
2006 $48,835,925,926 $25,825,512,284
2005 $42,643,836,100 $18,737,895,513
2004 $38,203,000,000 $16,095,337,094
2003 $35,901,200,000 $14,904,517,650
2002 $33,590,500,000 $13,147,736,899
2001 $31,682,400,000 $12,986,007,426
2000 $30,565,400,000 $12,705,350,098
1999 $28,364,615,200 $12,896,010,459
1998 $25,736,331,200 $14,093,998,844
1997 $25,365,908,100 $13,115,764,358
1996 $25,017,368,700 $12,045,865,396
1995 $30,429,803,651 $9,046,320,255
1994 $28,448,326,757 $7,148,148,564
1993 $22,367,254,865 $5,751,786,643
1992 $22,085,858,243 $8,209,120,763
1991 $24,316,556,026 $8,151,488,783
1990 $28,645,436,569 $8,572,359,038
1989 $27,023,468,666 $8,283,114,514
1988 $27,458,999,472 $8,355,380,879
1987 $25,213,935,012 $7,970,820,369
1986 $24,226,574,634 $7,239,126,568
1985 $22,920,490,774 $6,135,034,214
1984 $24,039,383,608 $6,191,437,070
1983 $22,204,940,512 $5,979,198,314
1982 $20,953,510,235 $6,431,579,357
1981 $20,150,254,096 $6,854,491,706
1980 $19,912,889,861 $7,265,315,820
1979 $19,584,443,288 $6,234,391,113
1978 $17,844,705,325 $5,303,735,111
1977 $14,206,158,675 $4,494,378,764
1976 $13,789,579,903 $3,474,542,392
1975 $13,027,415,244 $3,259,345,083
1974 $11,405,957,317 $2,969,958,812
1973 $9,987,709,650 $2,509,001,324
1972 $8,135,150,892 $2,107,279,157
1971 $6,914,658,400 $1,778,391,289
1970 $5,693,005,200 $1,603,447,359
1969 - $1,458,379,417
1968 - $1,353,295,459
1967 - $1,232,559,507
1966 - $1,164,519,674
1965 - $997,919,321
1964 - $998,759,334
1963 - $926,589,349
1962 - $868,111,401
1961 - $792,959,473
1960 - $791,265,459

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

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

GDP per capita in Cuba vs Kenya by year

Cuba
GDP per capita

GDP per capita, PPP
Kenya
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cuba Kenya
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $2,132 $6,644
2023 - - $1,943 $6,317
2022 - - $2,110 $5,883
2021 - - $2,061 $5,339
2020 $9,605 - $1,928 $4,793
2019 $9,232 - $1,960 $4,687
2018 $8,911 - $1,836 $4,412
2017 $8,611 - $1,667 $4,177
2016 $8,111 $12,300 $1,554 $3,917
2015 $7,728 - $1,489 $3,678
2014 $7,147 - $1,483 $3,359
2013 $6,828 - $1,371 $3,106
2012 $6,471 - $1,285 $2,847
2011 $6,104 - $1,096 $2,750
2010 $5,272 $10,200 $1,092 $2,635
2009 $5,089 $9,700 $1,048 $2,480
2008 $4,986 $9,500 $916 $2,459
2007 $4,807 $11,000 $840 $2,481
2006 $4,330 $4,000 $700 $2,330
2005 $3,786 $3,500 $523 $2,189
2004 $3,399 $3,000 $464 $2,066
2003 $3,203 $2,900 $443 $1,975
2002 $3,005 $2,300 $403 $1,940
2001 $2,843 - $411 $1,961
2000 $2,751 $1,700 $415 $1,907
1999 $2,562 $1,700 $434 $1,910
1998 $2,332 - $488 $1,895
1997 $2,306 - $467 $1,865
1996 $2,282 - $441 $1,875
1995 $2,785 - $340 $1,818
1994 $2,613 - $276.4 $1,754
1993 $2,063 - $229 $1,723
1992 $2,048 - $337 $1,728
1991 $2,269 - $345 $1,756
1990 $2,694 - $374 $1,729
1989 $2,566 - $374 -
1988 $2,632 - $391 -
1987 $2,440 - $387 -
1986 $2,365 - $364 -
1985 $2,257 - $320 -
1984 $2,386 - $334 -
1983 $2,222 - $335 -
1982 $2,114 - $374 -
1981 $2,046 - $413 -
1980 $2,031 - $454 -
1979 $2,006 - $403 -
1978 $1,837 - $355 -
1977 $1,472 - $311 -
1976 $1,441 - $248.9 -
1975 $1,374 - $241.2 -
1974 $1,217 - $227.2 -
1973 $1,079 - $198.6 -
1972 $892 - $172.6 -
1971 $770 - $150.9 -
1970 $645 - $141 -
1969 - - $133.3 -
1968 - - $128.7 -
1967 - - $121.9 -
1966 - - $119.8 -
1965 - - $106.9 -
1964 - - $111.3 -
1963 - - $107.4 -
1962 - - $104.6 -
1961 - - $99.3 -
1960 - - $102.8 -

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/kenya | CC BY

Cuba's GDP per capita is $9,605, ranking 86/197, compared to $2,132 in Kenya, ranking 154/197. Adjusted for purchasing power (GDP per capita PPP), Cuba ranks 124th at $12,300, while Kenya ranks 149th at $6,644.

Economic indicators

Cuba Kenya
Gross domestic product
$107B
2020
$120B
2024
GDP rank
69/197
2020
64/197
2024
GDP growth
-1.06%
2023-2024
4.72%
2023-2024
GDP per capita
$9,605
2020
$2,132
2024
GDP per capita rank
86/197
2020
154/197
2024
GDP per capita, PPP
$12,300
2016
$6,644
2024
GDP per capita PPP rank
124/197
2016
149/197
2024
Government debt n/a
$81B
2024
Debt-to-GDP ratio n/a
67.3%
2024
Government debt per person n/a
$1,436
2024
Government debt per person rank n/a
133/185
2024
Average annual personal income after taxes
$3,075
2026
$3,229
2026
Market capitalization of domestic companies n/a
$15B
2024
Income share by richest 10% n/a
30.1%
2022
Income share by poorest 10% n/a
2.9%
2022
Government expenditure, % of GDP
49%
2025
23.3%
2024
Consumer prices inflation
5.5%
2019-2020
4.49%
2023-2024
Central bank interest rate n/a
9.25%
2025
Unemployment rate
1.7%
2018
5.44%
2022
Population
10894785
58955623

Inflation comparison by year

Inflation
Cuba

Kenya
1x
Year Consumer prices inflation
Cuba Kenya
2024 - 4.49%
2023 - 7.67%
2022 - 7.66%
2021 - 6.11%
2020 5.5% 5.41%
2019 5.5% 5.24%
2018 5.5% 4.69%
2017 - 8.01%
2016 4.5% 6.3%
2015 4.4% 6.58%
2014 - 6.88%
2013 6% 5.72%
2012 5.5% 9.38%
2011 4.7% 14%
2010 0.7% 3.96%
2009 -0.5% 9.23%
2008 3.4% 26.2%
2007 3.1% 9.76%
2006 5% 14.5%
2005 7% 10.3%
2004 3.1% 11.6%
2003 4.1% 9.82%
2002 7.1% 1.96%
2001 - 5.74%
2000 - 9.98%
1999 0.3% 5.74%
1998 - 6.72%
1997 - 11.4%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-02-20).

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

Over the past 22 years, Cuba has recorded an average annual inflation rate of 4.16%, compared with 8.68% in Kenya. In 2020, inflation was 5.5% in Cuba and 4.49% in Kenya.

Top exports between countries

Cuba
Export category Export value
Kenya
Export category Export value
Machinery & equipment $243K
Processed food, beverages & tobacco $11K
Textiles & consumer goods $1K

Balance of trade

Cuba Kenya
Current account balance n/a
-$1.55B
2024
Current account balance ranking n/a
134/190
2024
Current account balance, % of GDP n/a
-1.29%
2024
Goods imports n/a
$22.2B
2024
Goods exports n/a
$12.5B
2024
Service imports n/a
$5.64B
2024
Service exports n/a
$8.04B
2024
Imports of goods and services, % of GDP
82.4%
2024
23.1%
2024
Exports of goods and services, % of GDP
42.5%
2024
17.1%
2024

Economic freedom indices

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

Cuba Kenya
Economic freedom 25.2 55.5
Economic freedom ranking 195/197 128/197
Property rights 27.7 40.2
Government integrity 33 32.7
Judicial effectiveness 16 47
Tax burden 51.9 76.3
Government spending 0 84.1
Fiscal health 0 36.2
Business freedom 41.4 61.5
Labor freedom 20 56.5
Monetary freedom 20 75.1
Trade freedom 72.8 52
Investment freedom 10 55
Financial freedom 10 50

Economic freedom comparison by year

Cuba
Kenya
1x
Year Economic freedom index
Cuba Kenya
2026 25.2 55.5
2025 25.4 54.8
2024 25.7 53.6
2023 24.3 52.5
2022 29.5 52.6
2021 28.1 54.9
2020 26.9 55.3
2019 27.8 55.1
2018 31.9 54.7
2017 33.9 53.5
2016 29.8 57.5
2015 29.6 55.6
2014 28.7 57.1
2013 28.5 55.9
2012 28.3 57.5
2011 27.7 57.4
2010 26.7 57.5
2009 27.9 58.7
2008 27.5 59.3
2007 28.6 59.6
2006 29.3 59.7
2005 35.5 57.9
2004 34.4 57.7
2003 35.1 58.6
2002 32.4 58.2
2001 31.6 57.6
2000 31.3 59.7
1999 29.7 58.2
1998 28.2 58.4
1997 27.8 60.1
1996 27.8 56.4
1995 27.8 54.5

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

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

The Economic Freedom Index for Cuba is 25.2, ranking 195/197, compared to 55.5 for Kenya, ranking 128/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cuba Kenya
Services, % of GDP
73.4%
2024
55.3%
2024
Industry, % of GDP
23.8%
2024
16.5%
2024
Agriculture, forestry, and fishing, % of GDP
1.24%
2024
22.5%
2024
GNI, Atlas method
$101B
2019
$118B
2024
GNI per capita, PPP n/a
$6,540
2024
Total reserves including gold
$144M
1960
$10.1B
2024
Total reserves ranking
173/177
1960
75/177
2024
Net foreign direct investment n/a
-$45.8M
2024
Net inflows of foreign direct investment n/a
$463M
2024
Net outflows of foreign direct investment
$0
2024
$418M
2024
Servicing debt to the IMF, % of GNI n/a
4.79%
2024
Poverty at national poverty lines n/a
39.8%
2022
Gross capital formation, % of GDP
9.87%
2020
16.8%
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/kenya | CC BY

Compare countries by 7 more topics

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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. 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.