Cuba vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Cuba ranked 64th with $100B. By GDP 5-years average growth and GDP per capita, Norway and Cuba ranked 142nd vs 130th and 5th vs 82nd, respectively.

Gross Domestic Product & Income

StatCubaNorway
GDP$100B$434.2B
GDP growth, 1 year2.3%1.4%
GDP growth, 5-years average2%1.7%
Population11.5M5.4M
GDP per capita$8.8k$82k
GDP per capita growth2.26%0.58%
Purchasing Power Parity conversion factor0.3210.14
Price level ratio of PPP conversion factor GDP to market exchange rateN/A1.25
GDP per capita, PPP adjusted$14k$74k
GNI, Atlas method$84.8B$428.4B
GNI per capita$7.5k$81k
GNI, PPP adjustedN/A$363B
GNI per capita, PPP adjustedN/A$68k

Financial system and Human development

StatCubaNorway
Income Tax Rate50%47.8%
Corporate Tax Rate30%22%
Inflation, consumer prices6.9%2.8%
Inflation, GDP deflator1%5.8%
Unemployment2.3%3.9%
Economic Freedom Index26.973.4
Personal Freedom Index5.49.55
Human Freedom Index5.28.61
Property Rights Index20.184.3
Judical Effectiveness Index1082.8
Business Freedom Index2086.1
Fiscal Health Index14.897.3
Labor Freedom Index2057.4
Investment Freedom Index1075
Financial Freedom Index1060
Trade Freedom Index65.683.8
Monetary Freedom Index64.174.8
Government Spending Index025.6
Tax Burden Index49.557.7
Government Integrity Index38.795.6
Corruption Perceptions Index4784
Life expectancy at birth, years78.782.5
Suicide mortality rate, per 100,000 people13.912.2
Mortality caused by road traffic injury, per 100,000 people8.52.7
Intentional homicides, per 100,000 people50.5
International tourism, number of arrivals4.7M5.7M

Government debt & reserves

StatCubaNorway
Central government debt, % of GDP51%36.8%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNIN/A16.9%
Gross savings, % of GDPN/A35.9%
Gross capital formation, % of GDP12%27.3%
Total reserves including gold$144M$63.1B
Foreign direct investment net inflowsN/A-$17.4B

Exports, imports and economic structure

StatCubaNorway
Exports of goods and services, % of GDP14.5%38.4%
Imports of goods and services, % of GDP12.6%32.6%
Current account balance (balance of payments)N/A$31.4B
Revenue excluding grants, % of GDPN/A47.4%
Grants excluding technical cooperation, BoP$510.6MN/A
Personal remittances receivedN/A$644.3M
Industry including construction value added, % of GDP25.1%32%
Agriculture, forestry and fishing value added, % of GDP3.8%1.9%
Charges for the use of intellectual property, payments BoPN/A$768.9M
Charges for the use of intellectual property, receipts BoPN/A$515.2M
Expense, % of GDPN/A37.7%
Government Expenditure, % of GDP64.8%49.8%

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

Norway vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k