Constant GDP per capita for Cuba
NYGDPPCAPKDCUB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,433.43
Year-over-Year Change
7.70%
Date Range
1/1/1970 - 1/1/2023
Summary
The Constant GDP per capita for Cuba measures the country's total economic output divided by its population, adjusted for inflation. This metric provides insight into the standard of living and economic progress of the Cuban population.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Constant GDP per capita is a widely used indicator of economic development and living standards. It reflects the average income level in a country, which is a key factor in assessing the overall prosperity and quality of life of its citizens.
Methodology
The data is calculated by the World Bank using Cuba's GDP and population figures.
Historical Context
Policymakers and analysts use this metric to evaluate Cuba's economic performance and make informed decisions.
Key Facts
- Cuba's constant GDP per capita was $7,316 in 2020.
- GDP per capita in Cuba has increased by over 30% since 2000.
- Cuba has one of the highest GDP per capita levels in Latin America.
FAQs
Q: What does this economic trend measure?
A: The Constant GDP per capita for Cuba measures the country's total economic output divided by its population, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the standard of living and economic progress of the Cuban population, which is a key factor in assessing the overall prosperity and quality of life.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using Cuba's GDP and population figures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Cuba's economic performance and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be some delay in the most recent figures.
Related Trends
Number of Identified Exporters to Cuba from Delaware
DECUBA475SCEN
Number of Identified Exporters to Cuba from Pennsylvania
PACUBA475SCEN
Value of Exports to Cuba from New York
NYCUBA052SCEN
Bank's Net Interest Margin for Cuba
DDEI01CUA156NWDB
Value of Exports to Cuba from Ohio
OHCUBA052SCEN
Number of Identified Exporters to Cuba from Montana
MTCUBA475SCEN
Citation
U.S. Federal Reserve, Constant GDP per capita for Cuba (NYGDPPCAPKDCUB), retrieved from FRED.