Cuba vs Nicaragua: Economic Indicators Comparison

Cuba with a GDP of $100B ranked the 64th largest economy in the world, while Nicaragua ranked 133rd with $13.1B. By GDP 5-years average growth and GDP per capita, Cuba and Nicaragua ranked 130th vs 91st and 82nd vs 148th, respectively.

Gross Domestic Product & Income

StatCubaNicaragua
GDP$100B$13.1B
GDP growth, 1 year2.3%-4%
GDP growth, 5-years average2%3%
Population11.5M6.2M
GDP per capita$8.8k$2k
GDP per capita growth2.26%-5.02%
Purchasing Power Parity conversion factor0.3211.57
Price level ratio of PPP conversion factor GDP to market exchange rateN/A0.37
GDP per capita, PPP adjusted$14k$5.7k
GNI, Atlas method$84.8B$13.1B
GNI per capita$7.5k$2k
GNI, PPP adjustedN/A$34.9B
GNI per capita, PPP adjustedN/A$5.4k

Financial system and Human development

StatCubaNicaragua
Income Tax Rate50%30%
Corporate Tax Rate30%30%
Inflation, consumer prices6.9%5%
Inflation, GDP deflator1%3.4%
Unemployment2.3%4.5%
Economic Freedom Index26.957.2
Personal Freedom Index5.47.41
Human Freedom Index5.27.22
Property Rights Index20.133.5
Judical Effectiveness Index1019.5
Business Freedom Index2055.1
Fiscal Health Index14.887.2
Labor Freedom Index2055.5
Investment Freedom Index1060
Financial Freedom Index1050
Trade Freedom Index65.675.4
Monetary Freedom Index64.171.5
Government Spending Index077.5
Tax Burden Index49.576.3
Government Integrity Index38.724.3
Corruption Perceptions Index4725
Life expectancy at birth, years78.774.1
Suicide mortality rate, per 100,000 people13.912.2
Mortality caused by road traffic injury, per 100,000 people8.515.3
Intentional homicides, per 100,000 people57.4
International tourism, number of arrivals4.7M1.3M

Government debt & reserves

StatCubaNicaragua
Central government debt, % of GDP51%37.2%
External debt stocks, % of GNIN/A90.7%
External debt stocksN/A$11.6B
Short-term debt, % of total reservesN/A60.3%
Total debt service, % of exports and primary incomeN/A19%
Adjusted net savings including particulate emission damage, % of GNIN/A14.4%
Gross savings, % of GDPN/A23.6%
Gross capital formation, % of GDP12%22.9%
Total reserves including gold$144M$2.3B
Foreign direct investment net inflowsN/A$359.2M

Exports, imports and economic structure

StatCubaNicaragua
Exports of goods and services, % of GDP14.5%42%
Imports of goods and services, % of GDP12.6%51.3%
Current account balance (balance of payments)N/A$83M
Revenue excluding grants, % of GDPN/A16.8%
Grants excluding technical cooperation, BoP$510.6M$162.6M
Personal remittances receivedN/A$1.5B
Industry including construction value added, % of GDP25.1%25.8%
Agriculture, forestry and fishing value added, % of GDP3.8%15.5%
Charges for the use of intellectual property, payments BoPN/A$1.9M
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDPN/A16.7%
Government Expenditure, % of GDP64.8%27.4%

Compare with countries close by GDP per capita

Cuba vs

CountryGDP
per capita
Population
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M

Nicaragua vs

CountryGDP
per capita
Population
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k