Cuba has a GDP of $107B compared to $10B for Monaco, ranking 69/197 and 153/197 by economy size, respectively.
The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.
Cuba
GDP, current $
GDP, constant 2015 $
Monaco
GDP, current $
GDP, constant 2015 $
| Year | GDP | |||
|---|---|---|---|---|
Cuba
|
Monaco
|
|||
| Current $ | Constant $ | Current $ | Constant $ | |
| 1970 | $5,693,005,200 | $23,120,654,813 | $293,127,333 | $1,764,785,206 |
| 1971 | $6,914,658,400 | $25,105,299,225 | $327,706,210 | $1,857,049,235 |
| 1972 | $8,135,150,892 | $26,317,053,149 | $402,451,901 | $1,943,370,634 |
| 1973 | $9,987,709,650 | $27,220,909,322 | $523,554,039 | $2,070,734,432 |
| 1974 | $11,405,957,317 | $27,488,896,946 | $563,949,254 | $2,163,391,744 |
| 1975 | $13,027,415,244 | $30,093,861,943 | $711,978,962 | $2,142,349,785 |
| 1976 | $13,789,579,903 | $31,727,344,869 | $735,324,245 | $2,236,862,305 |
| 1977 | $14,206,158,675 | $34,490,638,879 | $811,191,392 | $2,316,343,303 |
| 1978 | $17,844,705,325 | $36,765,640,924 | $1,000,555,218 | $2,407,921,124 |
| 1979 | $19,584,443,288 | $37,165,718,489 | $1,209,870,147 | $2,493,021,991 |
| 1980 | $19,912,889,861 | $35,363,388,174 | $1,378,175,524 | $2,535,040,816 |
| 1981 | $20,150,254,096 | $42,325,850,269 | $1,205,188,648 | $2,558,423,484 |
| 1982 | $20,953,510,235 | $46,100,569,047 | $1,143,216,457 | $2,620,654,307 |
| 1983 | $22,204,940,512 | $48,595,287,844 | $1,092,560,365 | $2,651,970,428 |
| 1984 | $24,039,383,608 | $52,448,756,410 | $1,037,329,604 | $2,691,339,343 |
| 1985 | $22,920,490,774 | $53,286,192,381 | $1,082,867,507 | $2,737,326,250 |
| 1986 | $24,226,574,634 | $53,336,975,926 | $1,515,234,743 | $2,804,455,472 |
| 1987 | $25,213,935,012 | $52,055,729,738 | $1,839,081,463 | $2,874,134,249 |
| 1988 | $27,458,999,472 | $53,984,675,578 | $2,000,704,745 | $3,006,304,229 |
| 1989 | $27,023,468,666 | $54,351,816,305 | $2,010,083,833 | $3,131,476,494 |
| 1990 | $28,645,436,569 | $52,749,217,703 | $2,481,307,077 | $3,214,255,640 |
| 1991 | $24,316,556,026 | $47,108,903,627 | $2,480,540,845 | $3,246,884,485 |
| 1992 | $22,085,858,243 | $41,653,408,482 | $2,737,049,231 | $3,291,257,692 |
| 1993 | $22,367,254,865 | $35,456,139,102 | $2,574,494,356 | $3,261,178,239 |
| 1994 | $28,448,326,757 | $35,710,334,910 | $2,720,332,135 | $3,333,433,694 |
| 1995 | $30,429,803,651 | $36,587,809,679 | $3,130,309,995 | $3,404,007,586 |
| 1996 | $25,017,368,700 | $39,455,836,485 | $3,137,886,995 | $3,441,816,981 |
| 1997 | $25,365,908,100 | $40,554,060,118 | $2,840,195,190 | $3,518,819,006 |
| 1998 | $25,736,331,200 | $40,618,600,304 | $2,934,593,468 | $3,642,092,596 |
| 1999 | $28,364,615,200 | $43,132,386,084 | $2,907,118,641 | $3,762,301,282 |
| 2000 | $30,565,400,000 | $45,683,563,279 | $2,654,462,665 | $3,909,415,913 |
| 2001 | $31,682,400,000 | $47,138,598,430 | $2,673,723,034 | $3,994,943,522 |
| 2002 | $33,590,500,000 | $47,810,239,203 | $2,919,647,982 | $4,035,951,521 |
| 2003 | $35,901,200,000 | $49,623,557,376 | $3,597,089,751 | $4,079,843,968 |
| 2004 | $38,203,000,000 | $52,487,103,646 | $4,043,551,489 | $4,180,635,804 |
| 2005 | $42,643,836,100 | $58,366,528,663 | $4,204,652,899 | $4,259,876,165 |
| 2006 | $48,835,925,926 | $65,408,954,115 | $4,586,826,513 | $4,507,700,786 |
| 2007 | $54,262,870,370 | $70,159,041,951 | $5,875,790,766 | $5,158,500,738 |
| 2008 | $56,302,129,630 | $73,047,369,064 | $6,502,942,245 | $5,197,028,095 |
| 2009 | $57,481,481,481 | $74,107,509,498 | $5,474,379,252 | $4,607,841,718 |
| 2010 | $59,562,962,963 | $75,878,940,053 | $5,367,561,570 | $4,703,003,769 |
| 2011 | $68,990,000,000 | $78,005,296,225 | $6,088,689,808 | $5,033,265,481 |
| 2012 | $73,141,000,000 | $80,357,078,126 | $5,742,749,294 | $5,084,213,121 |
| 2013 | $77,148,000,000 | $82,564,971,264 | $6,555,591,710 | $5,571,133,211 |
| 2014 | $80,656,100,000 | $83,429,902,609 | $7,070,017,324 | $5,971,532,102 |
| 2015 | $87,132,800,000 | $87,132,800,000 | $6,264,756,528 | $6,264,756,528 |
| 2016 | $91,370,407,864 | $87,579,654,549 | $6,471,290,794 | $6,453,228,194 |
| 2017 | $96,850,649,692 | $89,164,663,931 | $6,430,254,653 | $6,246,325,874 |
| 2018 | $100,050,036,096 | $91,169,039,693 | $7,184,333,936 | $6,602,235,351 |
| 2019 | $103,427,600,000 | $91,020,354,637 | $7,383,496,254 | $7,072,373,237 |
| 2020 | $107,351,800,000 | $81,054,459,000 | $6,730,736,283 | $6,136,054,330 |
| 2021 | - | $82,070,633,423 | $8,623,242,743 | $7,500,235,157 |
| 2022 | - | $83,527,427,216 | $8,800,430,486 | $8,328,781,592 |
| 2023 | - | $81,915,873,064 | $9,995,350,547 | $8,748,833,913 |
Economic indicators
|
Cuba
|
Monaco
|
|
|---|---|---|
| Gross domestic product |
$107B
2020 |
$10B
2023 |
| GDP rank |
69/197
2020 |
153/197
2023 |
| GDP growth |
3.79%
2019-2020 |
13.6%
2022-2023 |
| GDP per capita |
$9,605
2020 |
$256,581
2023 |
| GDP per capita rank |
87/197
2020 |
1/197
2023 |
| GDP per capita, PPP |
$12,300
2016 |
$115,700
2015 |
| Average annual personal income after taxes |
$3,584
2025 |
$97,128
2025 |
| Number of billionaires | n/a |
2
2025 |
| Government expenditure, % of GDP |
49%
2025 |
20%
2025 |
| Consumer prices inflation |
5.5%
2019-2020 |
1.5%
2019-2020 |
| Unemployment rate |
1.7%
2018 |
6.33%
2016 |
| Population |
10937204
|
38341
|
GDP per capita in Cuba vs Monaco
Cuba's GDP per capita is $9,605, ranking 87/197, compared to $256,581 in Monaco, ranking 1/197. Adjusted for purchasing power (GDP per capita PPP), Cuba ranks 122nd at $12,300, while Monaco ranks 6th at $115,700.
Cuba
GDP per capita
GDP per capita, PPP
Monaco
GDP per capita
GDP per capita, PPP
| Year | Current $ | |||
|---|---|---|---|---|
|
Cuba
|
Monaco
|
|||
| GDP per capita | GDP per capita, PPP | GDP per capita | GDP per capita, PPP | |
| 1970 | $645 | - | $12,098 | - |
| 1971 | $770 | - | $13,334 | - |
| 1972 | $892 | - | $16,187 | - |
| 1973 | $1,079 | - | $20,882 | - |
| 1974 | $1,217 | - | $22,348 | - |
| 1975 | $1,374 | - | $27,921 | - |
| 1976 | $1,441 | - | $28,396 | - |
| 1977 | $1,472 | - | $30,875 | - |
| 1978 | $1,837 | - | $37,608 | - |
| 1979 | $2,006 | - | $44,990 | - |
| 1980 | $2,031 | - | $50,814 | - |
| 1981 | $2,046 | - | $44,157 | - |
| 1982 | $2,114 | - | $41,479 | - |
| 1983 | $2,222 | - | $39,076 | - |
| 1984 | $2,386 | - | $36,582 | - |
| 1985 | $2,257 | - | $37,690 | - |
| 1986 | $2,365 | - | $52,082 | - |
| 1987 | $2,440 | - | $62,456 | - |
| 1988 | $2,632 | - | $67,181 | - |
| 1989 | $2,566 | - | $66,816 | - |
| 1990 | $2,694 | - | $81,735 | - |
| 1991 | $2,269 | - | $80,997 | - |
| 1992 | $2,048 | - | $88,615 | - |
| 1993 | $2,063 | - | $82,685 | - |
| 1994 | $2,613 | - | $86,704 | - |
| 1995 | $2,785 | - | $99,032 | - |
| 1996 | $2,282 | - | $98,561 | - |
| 1997 | $2,306 | - | $88,582 | - |
| 1998 | $2,332 | - | $90,947 | - |
| 1999 | $2,562 | $1,700 | $89,698 | $27,000 |
| 2000 | $2,751 | $1,700 | $81,789 | $27,000 |
| 2001 | $2,843 | - | $82,403 | - |
| 2002 | $3,005 | $2,300 | $90,051 | - |
| 2003 | $3,203 | $2,900 | $111,110 | - |
| 2004 | $3,399 | $3,000 | $125,160 | - |
| 2005 | $3,786 | $3,500 | $130,539 | - |
| 2006 | $4,330 | $4,000 | $143,083 | $30,000 |
| 2007 | $4,807 | $11,000 | $184,559 | - |
| 2008 | $4,986 | $9,500 | $204,264 | - |
| 2009 | $5,089 | $9,700 | $169,150 | $63,400 |
| 2010 | $5,272 | $10,200 | $161,854 | - |
| 2011 | $6,104 | - | $179,364 | $85,500 |
| 2012 | $6,471 | - | $165,445 | - |
| 2013 | $6,828 | - | $184,941 | $78,700 |
| 2014 | $7,147 | - | $195,694 | - |
| 2015 | $7,728 | - | $170,437 | $115,700 |
| 2016 | $8,111 | $12,300 | $173,605 | - |
| 2017 | $8,611 | - | $170,663 | - |
| 2018 | $8,911 | - | $188,298 | - |
| 2019 | $9,232 | - | $193,747 | - |
| 2020 | $9,605 | - | $176,892 | - |
| 2021 | - | - | $223,823 | - |
| 2022 | - | - | $226,052 | - |
| 2023 | - | - | $256,581 | - |
Inflation comparison by year
Over the past 21 years, Cuba has recorded an average annual inflation rate of 4.39%, compared with 1.58% in Monaco. In 2020, inflation was 5.5% in Cuba and 1.5% in Monaco.
Inflation
Cuba
Monaco
| Year | Inflation | ||
|---|---|---|---|
|
Cuba
|
Monaco
|
Cuba
|
Monaco
|
| 1999 | 0.3% | - | |
| 2000 | - | 1.9% | |
| 2001 | - | - | |
| 2002 | 7.1% | - | |
| 2003 | 4.1% | - | |
| 2004 | 3.1% | - | |
| 2005 | 7% | - | |
| 2006 | 5% | - | |
| 2007 | 3.1% | - | |
| 2008 | 3.4% | - | |
| 2009 | -0.5% | - | |
| 2010 | 0.7% | 1.5% | |
| 2011 | 4.7% | - | |
| 2012 | 5.5% | - | |
| 2013 | 6% | - | |
| 2014 | - | - | |
| 2015 | 4.4% | - | |
| 2016 | 4.5% | - | |
| 2017 | - | - | |
| 2018 | 5.5% | 1.5% | |
| 2019 | 5.5% | 1.5% | |
| 2020 | 5.5% | 1.5% | |
Balance of trade
Economic freedom indices
The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.
|
Cuba
|
Monaco
|
|
|---|---|---|
| Economic freedom | 25.4 | 83 |
| Economic freedom ranking | 195/197 | 4/197 |
| Property rights | 29.9 | n/a |
| Government integrity | 33.4 | n/a |
| Judicial effectiveness | 14.3 | n/a |
| Tax burden | 51.9 | n/a |
| Government spending | 0 | n/a |
| Fiscal health | 0 | n/a |
| Business freedom | 42.3 | n/a |
| Labor freedom | 20 | n/a |
| Monetary freedom | 20 | n/a |
| Trade freedom | 72.8 | n/a |
| Investment freedom | 10 | n/a |
| Financial freedom | 10 | n/a |
More economic indicators
|
Cuba
|
Monaco
|
|
|---|---|---|
| Services, % of GDP |
70%
2023 |
88.5%
2023 |
| Industry, % of GDP |
27.5%
2023 |
11.5%
2023 |
| Agriculture, forestry, and fishing, % of GDP |
1.31%
2023 |
n/a |
GNI, Atlas method
|
$101B
2019 |
n/a |
| Total reserves including gold |
$144M
1960 |
n/a |
| Total reserves ranking |
173/177
1960 |
n/a |
|
Gross capital formation, % of GDP
|
9.88%
2020 |
n/a |
GDP per capita map
GDP per capita
Compare countries by 7 more topics
Relevant pages:
By topic
vs
comparisons:
Economy comparisons
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.
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.