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Economy of Cuba vs Myanmar compared: GDP & Debt

Updated on by Georank team

Cuba has a GDP of $107B compared to $74.1B for Myanmar, ranking 69/197 and 85/197 by economy size, respectively.

Cuba vs Myanmar GDP by year

Cuba
Myanmar
1x
Year GDP, current $
Cuba Myanmar
2024 - $74,068,349,524
2023 - $66,757,619,000
2022 - $62,253,049,903
2021 - $66,345,291,149
2020 $107,352,000,000 $79,006,113,670
2019 $103,427,600,000 $75,065,106,243
2018 $100,050,036,100 $67,860,515,993
2017 $96,850,649,700 $66,053,040,475
2016 $91,370,407,900 $63,298,361,984
2015 $87,132,800,000 $59,607,290,408
2014 $80,656,100,000 $65,531,374,210
2013 $77,148,000,000 $60,269,732,855
2012 $73,141,000,000 $59,937,796,648
2011 $68,990,000,000 $59,977,326,086
2010 $59,562,962,963 $49,540,813,342
2009 $57,481,481,481 $36,906,181,381
2008 $56,302,129,630 $31,862,554,102
2007 $54,262,870,370 $20,182,477,481
2006 $48,835,925,926 $14,502,553,710
2005 $42,643,836,100 $11,986,972,419
2004 $38,203,000,000 $10,567,354,056
2003 $35,901,200,000 $10,467,109,978
2002 $33,590,500,000 $6,777,632,512
2001 $31,682,400,000 $6,477,790,688
2000 $30,565,400,000 $8,905,066,164
1999 $28,364,615,200 $8,486,832,801
1998 $25,736,331,200 $6,459,461,639
1997 $25,365,908,100 $4,722,288,496
1996 $25,017,368,700 $6,123,556,717
1995 $30,429,803,651 $5,289,174,943
1994 $28,448,326,757 $4,432,257,174
1993 $22,367,254,865 $3,163,020,035
1992 $22,085,858,243 $2,411,552,289
1991 $24,316,556,026 $2,069,832,687
1990 $28,645,436,569 $2,115,193,513
1989 $27,023,468,666 $2,013,448,229
1988 $27,458,999,472 $1,541,088,312
1987 $25,213,935,012 $1,562,448,077
1986 $24,226,574,634 $1,582,873,750
1985 $22,920,490,774 $1,478,908,173
1984 $24,039,383,608 $1,304,063,253
1983 $22,204,940,512 $1,381,573,615
1982 $20,953,510,235 $1,481,165,468
1981 $20,150,254,096 $1,111,000,765
1980 $19,912,889,861 $1,038,225,167
1979 $19,584,443,288 $952,265,043
1978 $17,844,705,325 $935,408,775
1977 $14,206,158,675 $873,579,932
1976 $13,789,579,903 $1,204,699,849
1975 $13,027,415,244 $1,061,107,354
1974 $11,405,957,317 $1,225,589,878
1973 $9,987,709,650 $719,754,655
1972 $8,135,150,892 $662,213,083
1971 $6,914,658,400 $587,448,405
1970 $5,693,005,200 $563,555,631
1969 - $571,854,215
1968 - $559,956,130
1967 - $420,359,036
1966 - $293,103,479
1965 - $367,053,117
1964 - $411,419,906
1963 - $598,998,419
1962 - $634,528,872
1961 - $605,581,577
1960 - $545,098,448

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

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

GDP per capita in Cuba vs Myanmar by year

Cuba
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cuba Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $1,359 $5,997
2023 - - $1,233 $5,953
2022 - - $1,158 $5,732
2021 - - $1,243 $5,178
2020 $9,605 - $1,490 $5,741
2019 $9,232 - $1,426 $6,101
2018 $8,911 - $1,298 $5,581
2017 $8,611 - $1,273 $4,706
2016 $8,111 $12,300 $1,229 $4,460
2015 $7,728 - $1,167 $4,459
2014 $7,147 - $1,293 $4,376
2013 $6,828 - $1,199 $4,144
2012 $6,471 - $1,203 $3,845
2011 $6,104 - $1,214 $3,579
2010 $5,272 $10,200 $1,011 $3,348
2009 $5,089 $9,700 $758 $3,040
2008 $4,986 $9,500 $658 $2,748
2007 $4,807 $11,000 $419 $2,459
2006 $4,330 $4,000 $303 $2,153
2005 $3,786 $3,500 $252.7 $1,860
2004 $3,399 $3,000 $224.5 $1,601
2003 $3,203 $2,900 $224.3 $1,385
2002 $3,005 $2,300 $146.6 $1,204
2001 $2,843 - $141.5 $1,069
2000 $2,751 $1,700 $196.6 $949
1999 $2,562 $1,700 $189.5 $825
1998 $2,332 - $146 $742
1997 $2,306 - $108 $702
1996 $2,282 - $141.9 $661
1995 $2,785 - $124.1 $618
1994 $2,613 - $105.4 $573
1993 $2,063 - $76.2 $529
1992 $2,048 - $58.9 $494
1991 $2,269 - $51.2 $447
1990 $2,694 - $53.1 $441
1989 $2,566 - $51.3 -
1988 $2,632 - $39.9 -
1987 $2,440 - $41.1 -
1986 $2,365 - $42.4 -
1985 $2,257 - $40.4 -
1984 $2,386 - $36.3 -
1983 $2,222 - $39.3 -
1982 $2,114 - $43 -
1981 $2,046 - $32.8 -
1980 $2,031 - $31.2 -
1979 $2,006 - $29.2 -
1978 $1,837 - $29.3 -
1977 $1,472 - $27.9 -
1976 $1,441 - $39.2 -
1975 $1,374 - $35.2 -
1974 $1,217 - $41.4 -
1973 $1,079 - $24.8 -
1972 $892 - $23.3 -
1971 $770 - $21.1 -
1970 $645 - $20.7 -
1969 - - $21.5 -
1968 - - $21.5 -
1967 - - $16.5 -
1966 - - $11.8 -
1965 - - $15.1 -
1964 - - $17.3 -
1963 - - $25.8 -
1962 - - $27.9 -
1961 - - $27.3 -
1960 - - $25.1 -

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/myanmar | CC BY

Cuba's GDP per capita is $9,605, ranking 86/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Cuba ranks 124th at $12,300, while Myanmar ranks 153rd at $5,997.

Economic indicators

Cuba Myanmar
Gross domestic product
$107B
2020
$74.1B
2024
GDP rank
69/197
2020
85/197
2024
GDP growth
-1.06%
2023-2024
-0.97%
2023-2024
GDP per capita
$9,605
2020
$1,359
2024
GDP per capita rank
86/197
2020
165/197
2024
GDP per capita, PPP
$12,300
2016
$5,997
2024
GDP per capita PPP rank
124/197
2016
153/197
2024
Government debt n/a
$44B
2024
Debt-to-GDP ratio n/a
59.3%
2024
Government debt per person n/a
$806
2024
Government debt per person rank n/a
150/185
2024
Average annual personal income after taxes
$3,075
2026
$1,646
2026
Income share by richest 10% n/a
25.5%
2017
Income share by poorest 10% n/a
3.8%
2017
Government expenditure, % of GDP
49%
2025
20.7%
2024
Consumer prices inflation
5.5%
2019-2020
8.83%
2018-2019
Unemployment rate
1.7%
2018
1.48%
2020
Population
10894785
55292116

Inflation comparison by year

Inflation
Cuba

Myanmar
1x
Year Consumer prices inflation
Cuba Myanmar
2020 5.5% -
2019 5.5% 8.83%
2018 5.5% 6.87%
2017 - 4.57%
2016 4.5% 6.93%
2015 4.4% 9.45%
2014 - 4.95%
2013 6% 5.64%
2012 5.5% 1.47%
2011 4.7% 5.02%
2010 0.7% 7.72%
2009 -0.5% 1.47%
2008 3.4% 26.8%
2007 3.1% 35%
2006 5% 20%
2005 7% 9.37%
2004 3.1% 4.53%
2003 4.1% 36.6%
2002 7.1% 57.1%
2001 - 21.1%
2000 - -0.11%
1999 0.3% 18.4%
1998 - 51.5%
1997 - 29.7%

Data sources: World Bank | Economy & Growth (1997–2019, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-02-20).

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

Over the past 21 years, Cuba has recorded an average annual inflation rate of 4.08%, compared with 13.9% in Myanmar. In 2019, inflation was 5.5% in Cuba and 8.83% in Myanmar.

Top exports between countries

Cuba
Export category Export value
Myanmar
Export category Export value
Textiles & consumer goods $776K
Raw materials & minerals $39K
Raw agricultural goods $16K

Balance of trade

Cuba Myanmar
Current account balance n/a
$67.7M
2019
Current account balance ranking n/a
71/190
2019
Current account balance, % of GDP n/a
+0.09%
2019
Goods imports n/a
$13.7B
2019
Goods exports n/a
$10.8B
2019
Service imports n/a
$3.66B
2019
Service exports n/a
$6.68B
2019
Imports of goods and services, % of GDP
82.4%
2024
n/a
Exports of goods and services, % of GDP
42.5%
2024
24.3%
2025

Economic freedom indices

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

Cuba Myanmar
Economic freedom 25.2 44.5
Economic freedom ranking 195/197 180/197
Property rights 27.7 5.7
Government integrity 33 18.1
Judicial effectiveness 16 3.9
Tax burden 51.9 88.6
Government spending 0 86.6
Fiscal health 0 62.7
Business freedom 41.4 37.9
Labor freedom 20 53.2
Monetary freedom 20 57.5
Trade freedom 72.8 69.4
Investment freedom 10 30
Financial freedom 10 20

Economic freedom comparison by year

Cuba
Myanmar
1x
Year Economic freedom index
Cuba Myanmar
2026 25.2 44.5
2025 25.4 43.7
2024 25.7 42.2
2023 24.3 46.5
2022 29.5 49.6
2021 28.1 55.2
2020 26.9 54
2019 27.8 53.6
2018 31.9 53.9
2017 33.9 52.5
2016 29.8 48.7
2015 29.6 46.9
2014 28.7 46.5
2013 28.5 39.2
2012 28.3 38.7
2011 27.7 37.8
2010 26.7 36.7
2009 27.9 37.7
2008 27.5 39.5
2007 28.6 41
2006 29.3 40
2005 35.5 40.5
2004 34.4 43.6
2003 35.1 44.9
2002 32.4 45.5
2001 31.6 46.1
2000 31.3 47.9
1999 29.7 46.4
1998 28.2 45.7
1997 27.8 45.4
1996 27.8 45.1
1995 27.8 -

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

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

The Economic Freedom Index for Cuba is 25.2, ranking 195/197, compared to 44.5 for Myanmar, ranking 180/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cuba Myanmar
Services, % of GDP
73.4%
2024
41.4%
2024
Industry, % of GDP
23.8%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
1.24%
2024
20.8%
2024
GNI, Atlas method
$101B
2019
$65.9B
2024
GNI per capita, PPP n/a
$5,890
2024
Total reserves including gold
$144M
1960
$9.34B
2023
Total reserves ranking
173/177
1960
81/177
2023
Net foreign direct investment n/a
-$1.74B
2019
Net inflows of foreign direct investment n/a
$1.1B
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.31%
2024
Poverty at national poverty lines n/a
24.8%
2017
Gross capital formation, % of GDP
9.87%
2020
n/a

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/myanmar | 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) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. TradeMap (2020–2022, 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.