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Economy of Cuba vs Morocco compared: GDP & Debt

Updated on by Georank

Cuba has a GDP of $107B compared to $182B for Morocco, ranking 72/197 and 58/197 by economy size, respectively.

Cuba vs Morocco GDP by year

Cuba
Morocco
1x
Year GDP, current $
Cuba Morocco
2025 - $182,374,250,612
2024 - $160,610,994,055
2023 - $146,036,093,667
2022 - $131,245,312,804
2021 - $142,022,058,447
2020 $107,352,000,000 $121,353,645,057
2019 $103,427,600,000 $128,920,266,409
2018 $100,050,036,100 $127,341,147,582
2017 $96,850,649,700 $118,540,573,368
2016 $91,370,407,900 $111,572,947,005
2015 $87,132,800,000 $110,413,823,842
2014 $80,656,100,000 $119,130,841,412
2013 $77,148,000,000 $115,739,287,305
2012 $73,141,000,000 $106,937,392,311
2011 $68,990,000,000 $110,080,631,332
2010 $59,562,962,963 $100,865,329,473
2009 $57,481,481,481 $101,154,952,241
2008 $56,302,129,630 $101,822,906,949
2007 $54,262,870,370 $86,947,913,287
2006 $48,835,925,926 $75,883,823,301
2005 $42,643,836,100 $68,852,658,069
2004 $38,203,000,000 $66,114,145,451
2003 $35,901,200,000 $58,029,363,354
2002 $33,590,500,000 $47,077,192,188
2001 $31,682,400,000 $43,831,480,208
2000 $30,565,400,000 $43,017,455,402
1999 $28,364,615,200 $46,266,428,648
1998 $25,736,331,200 $46,497,608,725
1997 $25,365,908,100 $39,147,844,526
1996 $25,017,368,700 $43,161,571,528
1995 $30,429,803,651 $39,030,285,468
1994 $28,448,326,757 $35,604,137,423
1993 $22,367,254,865 $31,655,473,664
1992 $22,085,858,243 $33,711,069,431
1991 $24,316,556,026 $32,285,573,574
1990 $28,645,436,569 $30,179,954,775
1989 $27,023,468,666 $26,314,313,191
1988 $27,458,999,472 $25,705,296,184
1987 $25,213,935,012 $21,765,195,948
1986 $24,226,574,634 $19,462,085,540
1985 $22,920,490,774 $14,991,283,216
1984 $24,039,383,608 $14,824,667,954
1983 $22,204,940,512 $16,251,408,128
1982 $20,953,510,235 $17,692,276,734
1981 $20,150,254,096 $17,788,185,479
1980 $19,912,889,861 $21,728,516,153
1979 $19,584,443,288 $15,911,994,817
1978 $17,844,705,325 $13,236,946,234
1977 $14,206,158,675 $11,049,783,872
1976 $13,789,579,903 $9,584,297,284
1975 $13,027,415,244 $8,984,853,005
1974 $11,405,957,317 $7,675,466,449
1973 $9,987,709,650 $6,242,145,880
1972 $8,135,150,892 $5,074,117,545
1971 $6,914,658,400 $4,356,669,034
1970 $5,693,005,200 $3,956,336,244
1969 - $3,651,622,669
1968 - $3,271,422,333
1967 - $3,046,345,314
1966 - $2,876,401,297
1965 - $2,948,331,090
1964 - $2,798,345,299
1963 - $2,657,252,578
1962 - $2,379,611,125
1961 - $2,025,693,540
1960 - $2,037,154,742

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Cuba vs Morocco by year

Cuba
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cuba Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $4,746 -
2024 - - $4,218 $10,415
2023 - - $3,872 $9,895
2022 - - $3,516 $9,310
2021 - - $3,843 $8,623
2020 $9,605 - $3,317 $7,705
2019 $9,232 - $3,560 $8,046
2018 $8,911 - $3,553 $7,801
2017 $8,611 - $3,344 $8,115
2016 $8,111 $12,300 $3,186 $7,853
2015 $7,728 - $3,190 $7,799
2014 $7,147 - $3,483 $7,237
2013 $6,828 - $3,425 $7,542
2012 $6,471 - $3,206 $7,308
2011 $6,104 - $3,345 $7,274
2010 $5,272 $10,200 $3,107 $6,849
2009 $5,089 $9,700 $3,158 $6,629
2008 $4,986 $9,500 $3,222 $6,437
2007 $4,807 $11,000 $2,788 $6,058
2006 $4,330 $4,000 $2,466 $5,781
2005 $3,786 $3,500 $2,268 $5,275
2004 $3,399 $3,000 $2,207 $5,025
2003 $3,203 $2,900 $1,962 $4,741
2002 $3,005 $2,300 $1,612 $4,436
2001 $2,843 - $1,521 $4,269
2000 $2,751 $1,700 $1,513 $3,930
1999 $2,562 $1,700 $1,651 $3,801
1998 $2,332 - $1,683 $3,740
1997 $2,306 - $1,439 $3,502
1996 $2,282 - $1,610 $3,551
1995 $2,785 - $1,478 $3,152
1994 $2,613 - $1,369 $3,315
1993 $2,063 - $1,236 $2,979
1992 $2,048 - $1,337 $2,979
1991 $2,269 - $1,302 $3,025
1990 $2,694 - $1,238 $2,777
1989 $2,566 - $1,099 -
1988 $2,632 - $1,094 -
1987 $2,440 - $944 -
1986 $2,365 - $861 -
1985 $2,257 - $678 -
1984 $2,386 - $687 -
1983 $2,222 - $772 -
1982 $2,114 - $862 -
1981 $2,046 - $890 -
1980 $2,031 - $1,117 -
1979 $2,006 - $839 -
1978 $1,837 - $716 -
1977 $1,472 - $613 -
1976 $1,441 - $545 -
1975 $1,374 - $524 -
1974 $1,217 - $459 -
1973 $1,079 - $382 -
1972 $892 - $319 -
1971 $770 - $280.6 -
1970 $645 - $261.5 -
1969 - - $247.8 -
1968 - - $228 -
1967 - - $218.1 -
1966 - - $211.5 -
1965 - - $222.7 -
1964 - - $216.9 -
1963 - - $211.3 -
1962 - - $194.2 -
1961 - - $169.8 -
1960 - - $175.2 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (1999–2016, retrieved 2026-07-08).

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

Cuba's GDP per capita is $9,605, ranking 91/197, compared to $4,746 in Morocco, ranking 126/197. Adjusted for purchasing power (GDP per capita PPP), Cuba ranks 124th at $12,300, while Morocco ranks 132nd at $10,415.

Economic indicators

Cuba Morocco
Gross domestic product
$107B
2020
$182B
2025
GDP rank
72/197
2020
58/197
2025
GDP growth
-1.06%
2023-2024
4.6%
2024-2025
GDP per capita
$9,605
2020
$4,746
2025
GDP per capita rank
91/197
2020
126/197
2025
GDP per capita, PPP
$12,300
2016
$10,415
2024
GDP per capita PPP rank
124/197
2016
132/197
2024
Government debt n/a
$122B
2025
Debt-to-GDP ratio n/a
67.1%
2025
Government debt per person n/a
$3,183
2025
Government debt per person rank n/a
102/185
2025
Average annual personal income after taxes
$6,472
2026
$4,045
2026
Market capitalization of domestic companies n/a
$114B
2025
Number of billionaires n/a
3
2026
Income share by richest 10% n/a
31.9%
2013
Income share by poorest 10% n/a
2.7%
2013
Government expenditure, % of GDP
49%
2026
31.3%
2025
Consumer prices inflation
5.5%
2019-2020
0.7%
2024-2025
Central bank interest rate n/a
2.25%
2025
Unemployment rate
1.7%
2018
11.8%
2022
Population
10893750
38938817

Inflation comparison by year

Inflation
Cuba

Morocco
1x
Year Consumer prices inflation
Cuba Morocco
2025 - 0.7%
2024 - 0.99%
2023 - 6.09%
2022 - 6.66%
2021 - 1.4%
2020 5.5% 0.71%
2019 5.5% 0.3%
2018 5.5% 1.8%
2017 - 0.75%
2016 4.5% 1.64%
2015 4.4% 1.56%
2014 - 0.44%
2013 6% 1.88%
2012 5.5% 1.29%
2011 4.7% 0.91%
2010 0.7% 0.99%
2009 -0.5% 0.97%
2008 3.4% 3.71%
2007 3.1% 2.04%
2006 5% 3.28%
2005 7% 0.98%
2004 3.1% 1.49%
2003 4.1% 1.17%
2002 7.1% 2.8%
2001 - 0.62%
2000 - 1.89%
1999 0.3% 0.68%
1998 - 2.75%
1997 - 1.04%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-07-08).

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

Over the past 22 years, Cuba has recorded an average annual inflation rate of 4.16%, compared with 1.45% in Morocco. In 2020, inflation was 5.5% in Cuba and 0.7% in Morocco.

Top exports between countries

Cuba
Export category Export value
Processed food, beverages & tobacco $573K
Chemicals & pharma $114K
Morocco
Export category Export value
Processed food, beverages & tobacco $1.49M
Raw materials & minerals $971K
Textiles & consumer goods $70K
Chemicals & pharma $29K
Machinery & equipment $27K
Wood & paper products $20K

Balance of trade

Cuba Morocco
Current account balance n/a
-$4.56B
2025
Current account balance ranking n/a
163/190
2025
Current account balance, % of GDP n/a
-2.5%
2025
Goods imports n/a
$77.2B
2025
Goods exports n/a
$43.7B
2025
Service imports n/a
$16.7B
2025
Service exports n/a
$33.6B
2025
Imports of goods and services, % of GDP
82.4%
2024
51.1%
2025
Exports of goods and services, % of GDP
42.5%
2024
42%
2025

Economic freedom indices

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

Cuba Morocco
Economic freedom 25.2 61.8
Economic freedom ranking 195/197 91/197
Property rights 27.7 55.2
Government integrity 33 35.6
Judicial effectiveness 16 32.5
Tax burden 51.9 65.5
Government spending 0 67.5
Fiscal health 0 57.5
Business freedom 41.4 72.1
Labor freedom 20 46.2
Monetary freedom 20 79.6
Trade freedom 72.8 69.8
Investment freedom 10 80
Financial freedom 10 80

Economic freedom comparison by year

Cuba
Morocco
1x
Year Economic freedom index
Cuba Morocco
2026 25.2 61.8
2025 25.4 60.3
2024 25.7 56.8
2023 24.3 58.4
2022 29.5 59.2
2021 28.1 63.3
2020 26.9 63.3
2019 27.8 62.9
2018 31.9 61.9
2017 33.9 61.5
2016 29.8 61.3
2015 29.6 60.1
2014 28.7 58.3
2013 28.5 59.6
2012 28.3 60.2
2011 27.7 59.6
2010 26.7 59.2
2009 27.9 57.7
2008 27.5 55.6
2007 28.6 56.4
2006 29.3 51.5
2005 35.5 52.2
2004 34.4 56.7
2003 35.1 57.8
2002 32.4 59
2001 31.6 63.9
2000 31.3 63.2
1999 29.7 63.8
1998 28.2 61.1
1997 27.8 64.7
1996 27.8 64.3
1995 27.8 62.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Cuba is 25.2, ranking 195/197, compared to 61.8 for Morocco, ranking 91/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cuba Morocco
Services, % of GDP
73.4%
2024
52.3%
2025
Industry, % of GDP
23.8%
2024
25.2%
2025
Agriculture, forestry, and fishing, % of GDP
1.24%
2024
10.5%
2025
GNI, Atlas method
$101B
2019
$170B
2025
GNI per capita, PPP n/a
$10,960
2025
Total reserves including gold
$144M
1960
$48.5B
2025
Total reserves ranking
173/177
1960
50/177
2025
Net foreign direct investment n/a
-$2.51B
2025
Net inflows of foreign direct investment n/a
$1.75B
2024
Net outflows of foreign direct investment
$0
2024
$679M
2024
Servicing debt to the IMF, % of GNI n/a
5.63%
2024
Poverty at national poverty lines n/a
3.9%
2022
Gross capital formation, % of GDP
9.87%
2020
31.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2026, retrieved 2026-07-08)
  2. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  3. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  4. Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-07-08)
  5. TradeMap (2021–2025, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Fiscal Monitor (2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.