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Economy of Cuba vs Poland compared: GDP & Debt

Updated on by Georank team

Cuba has a GDP of $107B compared to $918B for Poland, ranking 69/197 and 21/197 by economy size, respectively.

Cuba vs Poland GDP by year

Cuba
Poland
1x
Year GDP, current $
Cuba Poland
2024 - $917,767,106,147
2023 - $812,451,193,396
2022 - $695,607,470,875
2021 - $689,170,230,665
2020 $107,352,000,000 $605,914,237,904
2019 $103,427,600,000 $602,683,770,145
2018 $100,050,036,100 $594,616,687,350
2017 $96,850,649,700 $528,356,676,667
2016 $91,370,407,900 $473,259,583,970
2015 $87,132,800,000 $480,054,118,583
2014 $80,656,100,000 $542,134,167,179
2013 $77,148,000,000 $518,179,836,405
2012 $73,141,000,000 $498,148,649,703
2011 $68,990,000,000 $527,848,543,023
2010 $59,562,962,963 $478,111,630,684
2009 $57,481,481,481 $440,891,472,247
2008 $56,302,129,630 $535,612,030,672
2007 $54,262,870,370 $429,715,132,138
2006 $48,835,925,926 $345,897,630,736
2005 $42,643,836,100 $306,999,913,151
2004 $38,203,000,000 $256,268,656,145
2003 $35,901,200,000 $218,561,225,998
2002 $33,590,500,000 $199,694,463,256
2001 $31,682,400,000 $191,823,200,371
2000 $30,565,400,000 $172,953,527,033
1999 $28,364,615,200 $170,704,452,715
1998 $25,736,331,200 $175,282,269,667
1997 $25,365,908,100 $159,893,964,917
1996 $25,017,368,700 $160,813,026,223
1995 $30,429,803,651 $142,838,527,115
1994 $28,448,326,757 $110,803,635,288
1993 $22,367,254,865 $96,043,157,273
1992 $22,085,858,243 $94,337,050,693
1991 $24,316,556,026 $85,500,935,935
1990 $28,645,436,569 $65,977,748,211
1989 $27,023,468,666 -
1988 $27,458,999,472 -
1987 $25,213,935,012 -
1986 $24,226,574,634 -
1985 $22,920,490,774 -
1984 $24,039,383,608 -
1983 $22,204,940,512 -
1982 $20,953,510,235 -
1981 $20,150,254,096 -
1980 $19,912,889,861 -
1979 $19,584,443,288 -
1978 $17,844,705,325 -
1977 $14,206,158,675 -
1976 $13,789,579,903 -
1975 $13,027,415,244 -
1974 $11,405,957,317 -
1973 $9,987,709,650 -
1972 $8,135,150,892 -
1971 $6,914,658,400 -
1970 $5,693,005,200 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

GDP per capita in Cuba vs Poland by year

Cuba
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cuba Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $25,104 $51,263
2023 - - $22,145 $48,473
2022 - - $18,891 $46,778
2021 - - $18,636 $41,060
2020 $9,605 - $16,151 $37,089
2019 $9,232 - $15,875 $35,882
2018 $8,911 - $15,658 $32,345
2017 $8,611 - $13,913 $30,170
2016 $8,111 $12,300 $12,464 $28,360
2015 $7,728 - $12,638 $26,988
2014 $7,147 - $14,262 $25,460
2013 $6,828 - $13,622 $24,434
2012 $6,471 - $13,087 $23,728
2011 $6,104 - $13,868 $22,809
2010 $5,272 $10,200 $12,568 $20,991
2009 $5,089 $9,700 $11,556 $19,300
2008 $4,986 $9,500 $14,049 $18,372
2007 $4,807 $11,000 $11,273 $16,833
2006 $4,330 $4,000 $9,069 $15,205
2005 $3,786 $3,500 $8,044 $13,936
2004 $3,399 $3,000 $6,712 $13,413
2003 $3,203 $2,900 $5,721 $12,329
2002 $3,005 $2,300 $5,223 $11,841
2001 $2,843 - $5,015 $11,175
2000 $2,751 $1,700 $4,521 $10,721
1999 $2,562 $1,700 $4,416 $10,081
1998 $2,332 - $4,534 $9,521
1997 $2,306 - $4,137 $8,967
1996 $2,282 - $4,164 $8,310
1995 $2,785 - $3,701 $7,715
1994 $2,613 - $2,875 $7,040
1993 $2,063 - $2,497 $6,560
1992 $2,048 - $2,459 $6,193
1991 $2,269 - $2,236 $5,925
1990 $2,694 - $1,731 $6,185
1989 $2,566 - - -
1988 $2,632 - - -
1987 $2,440 - - -
1986 $2,365 - - -
1985 $2,257 - - -
1984 $2,386 - - -
1983 $2,222 - - -
1982 $2,114 - - -
1981 $2,046 - - -
1980 $2,031 - - -
1979 $2,006 - - -
1978 $1,837 - - -
1977 $1,472 - - -
1976 $1,441 - - -
1975 $1,374 - - -
1974 $1,217 - - -
1973 $1,079 - - -
1972 $892 - - -
1971 $770 - - -
1970 $645 - - -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2016, retrieved 2026-02-20).

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

Cuba's GDP per capita is $9,605, ranking 86/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Cuba ranks 124th at $12,300, while Poland ranks 43rd at $51,263.

Economic indicators

Cuba Poland
Gross domestic product
$107B
2020
$918B
2024
GDP rank
69/197
2020
21/197
2024
GDP growth
-1.06%
2023-2024
3.03%
2023-2024
GDP per capita
$9,605
2020
$25,104
2024
GDP per capita rank
86/197
2020
48/197
2024
GDP per capita, PPP
$12,300
2016
$51,263
2024
GDP per capita PPP rank
124/197
2016
43/197
2024
Government debt n/a
$507B
2024
Debt-to-GDP ratio n/a
55.3%
2024
Government debt per person n/a
$13,874
2024
Government debt per person rank n/a
41/185
2024
Average annual personal income after taxes
$3,075
2026
$20,736
2026
Market capitalization of domestic companies n/a
$197B
2024
Number of billionaires n/a
10
2025
Income share by richest 10% n/a
22.9%
2023
Income share by poorest 10% n/a
3.3%
2023
Government expenditure, % of GDP
49%
2025
49.4%
2024
Consumer prices inflation
5.5%
2019-2020
3.78%
2023-2024
Central bank interest rate n/a
4%
2025
Unemployment rate
1.7%
2018
2.81%
2024
Population
10894785
35806942

Inflation comparison by year

Inflation
Cuba

Poland
1x
Year Consumer prices inflation
Cuba Poland
2024 - 3.78%
2023 - 11.5%
2022 - 14.4%
2021 - 5.06%
2020 5.5% 3.37%
2019 5.5% 2.23%
2018 5.5% 1.81%
2017 - 2.08%
2016 4.5% -0.66%
2015 4.4% -0.87%
2014 - 0.05%
2013 6% 0.99%
2012 5.5% 3.56%
2011 4.7% 4.24%
2010 0.7% 2.58%
2009 -0.5% 3.8%
2008 3.4% 4.16%
2007 3.1% 2.46%
2006 5% 1.28%
2005 7% 2.18%
2004 3.1% 3.38%
2003 4.1% 0.68%
2002 7.1% 1.91%
2001 - 5.41%
2000 - 9.9%
1999 0.3% 7.15%
1998 - 11.6%
1997 - 14.9%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-02-20).

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

Over the past 22 years, Cuba has recorded an average annual inflation rate of 4.16%, compared with 2.8% in Poland. In 2020, inflation was 5.5% in Cuba and 3.78% in Poland.

Top exports between countries

Cuba
Export category Export value
Machinery & equipment $493K
Animal & marine products $231K
Wood & paper products $67K
Poland
Export category Export value
Raw agricultural goods $39.4M
Animal & marine products $16.9M
Processed food, beverages & tobacco $15.4M
Machinery & equipment $685K
Chemicals & pharma $279K
Raw materials & minerals $152K
Wood & paper products $145K
Metals $111K
Textiles & consumer goods $32K
Miscellaneous $29K

Balance of trade

Cuba Poland
Current account balance n/a
$2.8B
2024
Current account balance ranking n/a
40/190
2024
Current account balance, % of GDP n/a
+0.3%
2024
Goods imports n/a
$367B
2024
Goods exports n/a
$361B
2024
Service imports n/a
$74.9B
2024
Service exports n/a
$118B
2024
Imports of goods and services, % of GDP
82.4%
2024
48.2%
2024
Exports of goods and services, % of GDP
42.5%
2024
52.2%
2024

Economic freedom indices

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

Cuba Poland
Economic freedom 25.2 68.5
Economic freedom ranking 195/197 46/197
Property rights 27.7 71.8
Government integrity 33 60.7
Judicial effectiveness 16 62.5
Tax burden 51.9 72.7
Government spending 0 35.1
Fiscal health 0 74.8
Business freedom 41.4 77.5
Labor freedom 20 53.7
Monetary freedom 20 73.8
Trade freedom 72.8 79.4
Investment freedom 10 80
Financial freedom 10 80

Economic freedom comparison by year

Cuba
Poland
1x
Year Economic freedom index
Cuba Poland
2026 25.2 68.5
2025 25.4 67.1
2024 25.7 66
2023 24.3 67.7
2022 29.5 68.7
2021 28.1 69.7
2020 26.9 69.1
2019 27.8 67.8
2018 31.9 68.5
2017 33.9 68.3
2016 29.8 69.3
2015 29.6 68.6
2014 28.7 67
2013 28.5 66
2012 28.3 64.2
2011 27.7 64.1
2010 26.7 63.2
2009 27.9 60.3
2008 27.5 60.3
2007 28.6 58.1
2006 29.3 59.3
2005 35.5 59.6
2004 34.4 58.7
2003 35.1 61.8
2002 32.4 65
2001 31.6 61.8
2000 31.3 60
1999 29.7 59.6
1998 28.2 59.2
1997 27.8 56.8
1996 27.8 57.8
1995 27.8 50.7

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

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

The Economic Freedom Index for Cuba is 25.2, ranking 195/197, compared to 68.5 for Poland, ranking 46/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cuba Poland
Services, % of GDP
73.4%
2024
59.1%
2024
Industry, % of GDP
23.8%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
1.24%
2024
2.54%
2024
GNI, Atlas method
$101B
2019
$789B
2024
GNI per capita, PPP n/a
$49,540
2024
Total reserves including gold
$144M
1960
$223B
2024
Total reserves ranking
173/177
1960
17/177
2024
Net foreign direct investment n/a
-$10.6B
2024
Net inflows of foreign direct investment n/a
$20.6B
2024
Net outflows of foreign direct investment
$0
2024
$10B
2024
Poverty at national poverty lines n/a
13.3%
2024
Gross capital formation, % of GDP
9.87%
2020
17.8%
2024

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/poland | 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. TradeMap (2022–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  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.

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.