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Economy of Cuba vs Togo compared: GDP & Debt

Updated on by Georank team

Cuba has a GDP of $107B compared to $10.7B for Togo, ranking 69/197 and 154/197 by economy size, respectively.

Cuba vs Togo GDP by year

Cuba
Togo
1x
Year GDP, current $
Cuba Togo
2024 - $10,651,180,147
2023 - $9,816,236,303
2022 - $8,646,453,099
2021 - $8,541,668,141
2020 $107,352,000,000 $7,486,031,562
2019 $103,427,600,000 $6,992,654,019
2018 $100,050,036,100 $7,029,215,766
2017 $96,850,649,700 $6,387,424,240
2016 $91,370,407,900 $6,071,167,584
2015 $87,132,800,000 $5,755,457,836
2014 $80,656,100,000 $6,393,314,708
2013 $77,148,000,000 $6,021,729,630
2012 $73,141,000,000 $5,413,541,649
2011 $68,990,000,000 $5,422,439,152
2010 $59,562,962,963 $4,746,386,893
2009 $57,481,481,481 $4,721,888,275
2008 $56,302,129,630 $4,578,847,113
2007 $54,262,870,370 $3,759,962,853
2006 $48,835,925,926 $3,320,907,722
2005 $42,643,836,100 $3,221,910,408
2004 $38,203,000,000 $3,191,561,509
2003 $35,901,200,000 $2,987,984,051
2002 $33,590,500,000 $2,410,199,032
2001 $31,682,400,000 $2,093,498,674
2000 $30,565,400,000 $2,106,848,752
1999 $28,364,615,200 $2,226,577,204
1998 $25,736,331,200 $2,241,650,112
1997 $25,365,908,100 $2,116,818,623
1996 $25,017,368,700 $2,069,506,014
1995 $30,429,803,651 $1,849,110,468
1994 $28,448,326,757 $1,387,662,121
1993 $22,367,254,865 $1,741,944,426
1992 $22,085,858,243 $2,390,796,916
1991 $24,316,556,026 $2,262,767,860
1990 $28,645,436,569 $2,299,665,506
1989 $27,023,468,666 $1,910,635,575
1988 $27,458,999,472 $1,947,208,354
1987 $25,213,935,012 $1,763,978,066
1986 $24,226,574,634 $1,498,219,579
1985 $22,920,490,774 $1,076,604,520
1984 $24,039,383,608 $1,014,170,069
1983 $22,204,940,512 $1,081,387,265
1982 $20,953,510,235 $1,160,337,039
1981 $20,150,254,096 $1,359,026,709
1980 $19,912,889,861 $1,604,836,916
1979 $19,584,443,288 $1,259,365,712
1978 $17,844,705,325 $1,164,025,637
1977 $14,206,158,675 $1,097,893,826
1976 $13,789,579,903 $874,681,612
1975 $13,027,415,244 $871,781,687
1974 $11,405,957,317 $791,450,308
1973 $9,987,709,650 $574,030,984
1972 $8,135,150,892 $474,043,922
1971 $6,914,658,400 $404,648,368
1970 $5,693,005,200 $358,665,754
1969 - $378,091,810
1968 - $341,691,567
1967 - $327,215,844
1966 - $305,227,595
1965 - $264,505,506
1964 - $234,572,186
1963 - $202,305,865
1962 - $186,745,758
1961 - $178,497,098
1960 - $171,057,069

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

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

GDP per capita in Cuba vs Togo by year

Cuba
GDP per capita

GDP per capita, PPP
Togo
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cuba Togo
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $1,119 $3,365
2023 - - $1,055 $3,154
2022 - - $951 $2,935
2021 - - $962 $2,639
2020 $9,605 - $863 $2,384
2019 $9,232 - $826 $2,215
2018 $8,911 - $851 $2,067
2017 $8,611 - $793 $1,986
2016 $8,111 $12,300 $773 $1,933
2015 $7,728 - $751 $1,880
2014 $7,147 - $856 $1,803
2013 $6,828 - $827 $1,715
2012 $6,471 - $762 $1,645
2011 $6,104 - $784 $1,616
2010 $5,272 $10,200 $705 $1,537
2009 $5,089 $9,700 $721 $1,474
2008 $4,986 $9,500 $719 $1,429
2007 $4,807 $11,000 $608 $1,387
2006 $4,330 $4,000 $553 $1,407
2005 $3,786 $3,500 $551 $1,368
2004 $3,399 $3,000 $560 $1,427
2003 $3,203 $2,900 $538 $1,440
2002 $3,005 $2,300 $445 $1,357
2001 $2,843 - $397 $1,320
2000 $2,751 $1,700 $410 $1,315
1999 $2,562 $1,700 $445 $1,332
1998 $2,332 - $461 $1,318
1997 $2,306 - $448 $1,373
1996 $2,282 - $452 $1,218
1995 $2,785 - $419 $1,140
1994 $2,613 - $329 $1,082
1993 $2,063 - $414 $925
1992 $2,048 - $565 $1,057
1991 $2,269 - $550 $1,107
1990 $2,694 - $575 $1,110
1989 $2,566 - $492 -
1988 $2,632 - $517 -
1987 $2,440 - $482 -
1986 $2,365 - $422 -
1985 $2,257 - $313 -
1984 $2,386 - $304 -
1983 $2,222 - $336 -
1982 $2,114 - $372 -
1981 $2,046 - $451 -
1980 $2,031 - $549 -
1979 $2,006 - $443 -
1978 $1,837 - $421 -
1977 $1,472 - $406 -
1976 $1,441 - $332 -
1975 $1,374 - $339 -
1974 $1,217 - $315 -
1973 $1,079 - $234.4 -
1972 $892 - $198.8 -
1971 $770 - $174.6 -
1970 $645 - $159.8 -
1969 - - $174.7 -
1968 - - $164.3 -
1967 - - $163.9 -
1966 - - $159.1 -
1965 - - $142.7 -
1964 - - $130.1 -
1963 - - $114.6 -
1962 - - $107.8 -
1961 - - $104.8 -
1960 - - $102.2 -

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/togo | CC BY

Cuba's GDP per capita is $9,605, ranking 86/197, compared to $1,119 in Togo, ranking 172/197. Adjusted for purchasing power (GDP per capita PPP), Cuba ranks 124th at $12,300, while Togo ranks 173rd at $3,365.

Economic indicators

Cuba Togo
Gross domestic product
$107B
2020
$10.7B
2024
GDP rank
69/197
2020
154/197
2024
GDP growth
-1.06%
2023-2024
6.53%
2023-2024
GDP per capita
$9,605
2020
$1,119
2024
GDP per capita rank
86/197
2020
172/197
2024
GDP per capita, PPP
$12,300
2016
$3,365
2024
GDP per capita PPP rank
124/197
2016
173/197
2024
Government debt n/a
$7.68B
2024
Debt-to-GDP ratio n/a
72.1%
2024
Government debt per person n/a
$807
2024
Government debt per person rank n/a
149/185
2024
Average annual personal income after taxes
$3,075
2026
$1,661
2026
Income share by richest 10% n/a
29.6%
2021
Income share by poorest 10% n/a
2.8%
2021
Government expenditure, % of GDP
49%
2025
26.4%
2024
Consumer prices inflation
5.5%
2019-2020
2.86%
2023-2024
Unemployment rate
1.7%
2018
1.97%
2022
Population
10894785
9990340

Inflation comparison by year

Inflation
Cuba

Togo
1x
Year Consumer prices inflation
Cuba Togo
2024 - 2.86%
2023 - 5.49%
2022 - 7.97%
2021 - 4.19%
2020 5.5% 1.7%
2019 5.5% 0.67%
2018 5.5% 0.93%
2017 - -0.98%
2016 4.5% 1.29%
2015 4.4% 2.59%
2014 - 0.19%
2013 6% 1.83%
2012 5.5% 2.58%
2011 4.7% 3.56%
2010 0.7% 1.45%
2009 -0.5% 3.71%
2008 3.4% 8.69%
2007 3.1% 0.95%
2006 5% 2.23%
2005 7% 6.78%
2004 3.1% 0.39%
2003 4.1% -0.93%
2002 7.1% 3.06%
2001 - 3.92%
2000 - 1.86%
1999 0.3% -0.05%
1998 - 0.98%
1997 - 8.25%

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/togo | CC BY

Over the past 22 years, Cuba has recorded an average annual inflation rate of 4.16%, compared with 2.11% in Togo. In 2020, inflation was 5.5% in Cuba and 2.86% in Togo.

Top exports between countries

Cuba
Export category Export value
Chemicals & pharma $1.95M
Animal & marine products $3K
Togo
Export category Export value
Machinery & equipment $2K

Balance of trade

Cuba Togo
Current account balance n/a
-$20.7M
2020
Current account balance ranking n/a
79/190
2020
Current account balance, % of GDP n/a
-0.28%
2020
Goods imports n/a
$1.95B
2020
Goods exports n/a
$1.21B
2020
Service imports n/a
$438M
2020
Service exports n/a
$514M
2020
Imports of goods and services, % of GDP
82.4%
2024
38.1%
2024
Exports of goods and services, % of GDP
42.5%
2024
24.4%
2024

Economic freedom indices

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

Cuba Togo
Economic freedom 25.2 51.6
Economic freedom ranking 195/197 153/197
Property rights 27.7 43.6
Government integrity 33 33.3
Judicial effectiveness 16 34
Tax burden 51.9 68.9
Government spending 0 79.2
Fiscal health 0 9.6
Business freedom 41.4 60.1
Labor freedom 20 51.9
Monetary freedom 20 72.5
Trade freedom 72.8 65.8
Investment freedom 10 60
Financial freedom 10 40

Economic freedom comparison by year

Cuba
Togo
1x
Year Economic freedom index
Cuba Togo
2026 25.2 51.6
2025 25.4 52.3
2024 25.7 50.9
2023 24.3 55.3
2022 29.5 57.2
2021 28.1 57.5
2020 26.9 54.1
2019 27.8 50.3
2018 31.9 47.8
2017 33.9 53.2
2016 29.8 53.6
2015 29.6 53
2014 28.7 49.9
2013 28.5 48.8
2012 28.3 48.3
2011 27.7 49.1
2010 26.7 47.1
2009 27.9 48.7
2008 27.5 48.9
2007 28.6 49.7
2006 29.3 47.3
2005 35.5 48.2
2004 34.4 47
2003 35.1 46.8
2002 32.4 45.2
2001 31.6 45.3
2000 31.3 46.4
1999 29.7 48.2
1998 28.2 -
1997 27.8 -
1996 27.8 -
1995 27.8 -

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

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

The Economic Freedom Index for Cuba is 25.2, ranking 195/197, compared to 51.6 for Togo, ranking 153/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cuba Togo
Services, % of GDP
73.4%
2024
49.2%
2024
Industry, % of GDP
23.8%
2024
20.4%
2024
Agriculture, forestry, and fishing, % of GDP
1.24%
2024
21.3%
2024
GNI, Atlas method
$101B
2019
$10.3B
2024
GNI per capita, PPP n/a
$3,380
2024
Total reserves including gold
$144M
1960
n/a
Total reserves ranking
173/177
1960
n/a
Net foreign direct investment n/a
-$53.1M
2020
Net inflows of foreign direct investment n/a
$83.8M
2024
Net outflows of foreign direct investment
$0
2024
-$73.4M
2024
Servicing debt to the IMF, % of GNI n/a
3.21%
2024
Poverty at national poverty lines n/a
43.8%
2021
Gross capital formation, % of GDP
9.87%
2020
20.8%
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/togo | 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 (2020–2024, 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.