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Economy of Cuba vs Yemen compared: GDP & Debt

Updated on by Georank team

Cuba has a GDP of $107B compared to $21.6B for Yemen, ranking 69/197 and 125/197 by economy size, respectively.

Cuba vs Yemen GDP by year

Cuba
Yemen
1x
Year GDP, current $
Cuba Yemen
2020 $107,352,000,000 -
2019 $103,427,600,000 -
2018 $100,050,036,100 $21,606,160,663
2017 $96,850,649,700 $26,842,229,045
2016 $91,370,407,900 $31,317,825,274
2015 $87,132,800,000 $42,444,490,074
2014 $80,656,100,000 $43,228,585,321
2013 $77,148,000,000 $40,415,233,436
2012 $73,141,000,000 $35,401,331,610
2011 $68,990,000,000 $32,726,417,878
2010 $59,562,962,963 $30,906,749,533
2009 $57,481,481,481 $25,130,278,213
2008 $56,302,129,630 $26,910,855,807
2007 $54,262,870,370 $21,650,528,674
2006 $48,835,925,926 $19,063,143,370
2005 $42,643,836,100 $16,731,566,717
2004 $38,203,000,000 $13,867,634,371
2003 $35,901,200,000 $11,777,532,662
2002 $33,590,500,000 $10,693,430,511
2001 $31,682,400,000 $9,852,990,693
2000 $30,565,400,000 $9,679,316,770
1999 $28,364,615,200 $7,639,325,296
1998 $25,736,331,200 $6,322,175,566
1997 $25,365,908,100 $6,838,298,531
1996 $25,017,368,700 $6,496,163,616
1995 $30,429,803,651 $12,796,345,679
1994 $28,448,326,757 $28,019,483,764
1993 $22,367,254,865 $21,736,802,664
1992 $22,085,858,243 $17,959,367,194
1991 $24,316,556,026 $14,665,445,462
1990 $28,645,436,569 $12,643,821,569
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 (1970–2020, retrieved 2026-04-06).

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

GDP per capita in Cuba vs Yemen by year

Cuba
GDP per capita

GDP per capita, PPP
Yemen
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cuba Yemen
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2020 $9,605 - - -
2019 $9,232 - - -
2018 $8,911 - $634 -
2017 $8,611 - $811 -
2016 $8,111 $12,300 $975 -
2015 $7,728 - $1,362 -
2014 $7,147 - $1,430 -
2013 $6,828 - $1,379 $3,164
2012 $6,471 - $1,245 $3,005
2011 $6,104 - $1,186 $3,113
2010 $5,272 $10,200 $1,155 $3,603
2009 $5,089 $9,700 $969 $3,411
2008 $4,986 $9,500 $1,072 $3,370
2007 $4,807 $11,000 $890 $3,294
2006 $4,330 $4,000 $810 $3,205
2005 $3,786 $3,500 $734 $3,113
2004 $3,399 $3,000 $628 $2,949
2003 $3,203 $2,900 $549 $2,844
2002 $3,005 $2,300 $513 $2,768
2001 $2,843 - $487 $2,702
2000 $2,751 $1,700 $493 $2,624
1999 $2,562 $1,700 $401 $2,492
1998 $2,332 - $343 $2,442
1997 $2,306 - $383 $2,351
1996 $2,282 - $375 $2,268
1995 $2,785 - $764 $2,201
1994 $2,613 - $1,735 $2,115
1993 $2,063 - $1,397 $2,013
1992 $2,048 - $1,198 $1,963
1991 $2,269 - $1,016 $1,843
1990 $2,694 - $910 $1,742
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 (1970–2020, retrieved 2026-04-06); Central Intelligence Agency (CIA) (1999–2016, retrieved 2026-02-20).

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

Cuba's GDP per capita is $9,605, ranking 86/197, compared to $634 in Yemen, ranking 191/197. Adjusted for purchasing power (GDP per capita PPP), Cuba ranks 124th at $12,300, while Yemen ranks 178th at $3,164.

Economic indicators

Cuba Yemen
Gross domestic product
$107B
2020
$21.6B
2018
GDP rank
69/197
2020
125/197
2018
GDP growth
-1.06%
2023-2024
0.75%
2017-2018
GDP per capita
$9,605
2020
$634
2018
GDP per capita rank
86/197
2020
191/197
2018
GDP per capita, PPP
$12,300
2016
$3,164
2013
GDP per capita PPP rank
124/197
2016
178/197
2013
Government debt n/a
$18.8B
2018
Debt-to-GDP ratio n/a
70.9%
2024
Government debt per person n/a
$551
2018
Government debt per person rank n/a
165/185
2018
Average annual personal income after taxes
$3,075
2026
$1,127
2026
Income share by richest 10% n/a
29.4%
2014
Income share by poorest 10% n/a
3%
2014
Government expenditure, % of GDP
49%
2025
8.91%
2024
Consumer prices inflation
5.5%
2019-2020
33.9%
2023-2024
Unemployment rate
1.7%
2018
13.5%
2014
Population
10894785
43325643

Inflation comparison by year

Inflation
Cuba

Yemen
1x
Year Consumer prices inflation
Cuba Yemen
2024 - 33.9%
2023 - 0.9%
2022 - 29.5%
2021 - 31.5%
2020 5.5% 21.7%
2019 5.5% 15.7%
2018 5.5% 33.6%
2017 - 30.4%
2016 4.5% 21.3%
2015 4.4% 22%
2014 - 8.2%
2013 6% 11%
2012 5.5% 9.9%
2011 4.7% 19.5%
2010 0.7% 11.2%
2009 -0.5% 3.7%
2008 3.4% 19%
2007 3.1% 7.9%
2006 5% 10.8%
2005 7% 9.9%
2004 3.1% 12.5%
2003 4.1% 10.8%
2002 7.1% 12.2%
2001 - 11.9%
2000 - 11%
1999 0.3% 7.9%
1998 - 11.5%
1997 - 4.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); Central Intelligence Agency (CIA) (1999–2020, retrieved 2026-02-20).

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

Over the past 22 years, Cuba has recorded an average annual inflation rate of 4.16%, compared with 14.6% in Yemen. In 2020, inflation was 5.5% in Cuba and 33.9% in Yemen.

Balance of trade

Cuba Yemen
Current account balance n/a
-$2.42B
2016
Current account balance ranking n/a
148/190
2016
Current account balance, % of GDP n/a
-7.72%
2016
Goods imports n/a
$6.8B
2016
Goods exports n/a
$473M
2016
Service imports n/a
$1.46B
2016
Service exports n/a
$466M
2016
Imports of goods and services, % of GDP
82.4%
2024
47.3%
2018
Exports of goods and services, % of GDP
42.5%
2024
8.76%
2018

Economic freedom indices

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

Cuba Yemen
Economic freedom 25.2 53.7
Economic freedom ranking 195/197 138/197
Property rights 27.7 3.5
Government integrity 33 6.2
Judicial effectiveness 16 9.9
Tax burden 51.9 93.7
Government spending 0 0
Fiscal health 0 71.2
Business freedom 41.4 31.3
Labor freedom 20 31.2
Monetary freedom 20 48.1
Trade freedom 72.8 67.4
Investment freedom 10 50
Financial freedom 10 30

Economic freedom comparison by year

Cuba
Yemen
1x
Year Economic freedom index
Cuba Yemen
2026 25.2 -
2025 25.4 -
2024 25.7 -
2023 24.3 -
2022 29.5 -
2021 28.1 -
2020 26.9 -
2019 27.8 -
2018 31.9 -
2017 33.9 -
2016 29.8 -
2015 29.6 53.7
2014 28.7 55.5
2013 28.5 55.9
2012 28.3 55.3
2011 27.7 54.2
2010 26.7 54.4
2009 27.9 56.9
2008 27.5 53.8
2007 28.6 54.1
2006 29.3 52.6
2005 35.5 53.8
2004 34.4 50.5
2003 35.1 50.3
2002 32.4 48.6
2001 31.6 44.3
2000 31.3 44.5
1999 29.7 43.3
1998 28.2 46.1
1997 27.8 48.4
1996 27.8 49.6
1995 27.8 49.8

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

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

The Economic Freedom Index for Cuba is 25.2, ranking 195/197, compared to 53.7 for Yemen, ranking 138/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Cuba Yemen
Services, % of GDP
73.4%
2024
41.8%
2018
Industry, % of GDP
23.8%
2024
25.4%
2018
Agriculture, forestry, and fishing, % of GDP
1.24%
2024
28.7%
2018
GNI, Atlas method
$101B
2019
$25.3B
2018
GNI per capita, PPP n/a
$3,020
2013
Total reserves including gold
$144M
1960
$1.25B
2022
Total reserves ranking
173/177
1960
139/177
2022
Net foreign direct investment n/a
$15.4M
2015
Net inflows of foreign direct investment n/a
-$371M
2019
Net outflows of foreign direct investment
$0
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
0.53%
2018
Poverty at national poverty lines n/a
48.6%
2014
Gross capital formation, % of GDP
9.87%
2020
6.18%
2018

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/yemen | 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) | World Economic Outlook (1997–2024, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.