Oil rents as a share of GDP in Cuba
Cuba: Oil rents as a share of GDP was 0.2% in 2020. ◆ Volatile
Oil rents as a share of GDP in Cuba, 1970–2020
Source: The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
In 2020, oil rents as a share of gdp in Cuba stood at 0.2%.
That represents a change of down 59.1% on the previous year and down 83.4% over ten years.
Over the whole period, oil rents as a share of gdp in Cuba peaked at 2.0% in 2008 and was at its lowest, 0.0%, in 1970.
That places Cuba 73rd out of 199 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Oil rents as a share of GDP in Cuba, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | +193.5% |
| 1972 | 0.0% | +33.5% |
| 1973 | 0.0% | +80.7% |
| 1974 | 0.2% | +485.5% |
| 1975 | 0.2% | -2.3% |
| 1976 | 0.2% | +1.8% |
| 1977 | 0.2% | -18.4% |
| 1978 | 0.1% | -12.6% |
| 1979 | 0.3% | +139.4% |
| 1980 | 0.2% | -31.6% |
| 1981 | 0.3% | +31.2% |
| 1982 | 0.2% | -28.1% |
| 1983 | 0.3% | +54.5% |
| 1984 | 0.4% | +13.5% |
| 1985 | 0.4% | +12.6% |
| 1986 | 0.2% | -56.9% |
| 1987 | 0.3% | +55.6% |
| 1988 | 0.2% | -42.7% |
| 1989 | 0.3% | +53.9% |
| 1990 | 0.3% | +26.1% |
| 1991 | 0.2% | -36.9% |
| 1992 | 0.3% | +39.9% |
| 1993 | 0.3% | +11.3% |
| 1994 | 0.4% | +19.6% |
| 1995 | 0.4% | -1.3% |
| 1996 | 0.7% | +82.5% |
| 1997 | 0.6% | -7.2% |
| 1998 | 0.3% | -52.1% |
| 1999 | 0.5% | +81.1% |
| 2000 | 1.0% | +90.1% |
| 2001 | 0.8% | -24.6% |
| 2002 | 0.8% | +6.7% |
| 2003 | 1.0% | +19.5% |
| 2004 | 1.2% | +19.3% |
| 2005 | 1.4% | +15.9% |
| 2006 | 1.5% | +8.3% |
| 2007 | 1.6% | +5.5% |
| 2008 | 2.0% | +29.0% |
| 2009 | 1.0% | -51.3% |
| 2010 | 1.3% | +35.8% |
| 2011 | 1.8% | +37.2% |
| 2012 | 1.7% | -9.5% |
| 2013 | 1.4% | -13.4% |
| 2014 | 1.3% | -13.0% |
| 2015 | 0.4% | -65.0% |
| 2016 | 0.3% | -26.0% |
| 2017 | 0.5% | +40.7% |
| 2018 | 0.7% | +59.8% |
| 2019 | 0.5% | -25.7% |
| 2020 | 0.2% | -59.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.1% | 0.0% | 0.3% | 10 |
| 1980s | 0.3% | 0.2% | 0.4% | 10 |
| 1990s | 0.4% | 0.2% | 0.7% | 10 |
| 2000s | 1.2% | 0.8% | 2.0% | 10 |
| 2010s | 1.0% | 0.3% | 1.8% | 10 |
| 2020s | 0.2% | 0.2% | 0.2% | 1 |
Countries ranked near Cuba
More energy & mining data for Cuba
- Fuel imports 30.9% (2021)
- Ores and metals imports 2.2% (2022)
- Ores and metals exports 53.4% (2022)
- Gas production 9.96 terawatt-hours (2024)
- Fossil fuel production per person, by fuel 907.02 kilowatt-hours per person (2024)
- Fossil fuel production by fuel 9.96 terawatt-hours (2024)
- Gas production per person 907.02 kilowatt-hours per person (2024)
- Fossil fuel production by fuel, per capita 0 terawatt-hours per person (2024)
- Fossil fuel production by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2020)
- Gas production, per capita 0 terawatt-hours per person (2024)
Frequently asked questions
- What is oil rents as a share of gdp in Cuba?
- Oil rents as a share of gdp in Cuba was 0.2% in 2020, according to The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data.
- What is the highest oil rents as a share of gdp recorded in Cuba?
- The highest recorded value was 2.0% in 2008.
- What is the lowest oil rents as a share of gdp recorded in Cuba?
- The lowest recorded value was 0.0% in 1970.
- How does Cuba rank for oil rents as a share of gdp?
- Cuba ranks 73rd out of 199 countries with data for 2020.
- Is oil rents as a share of gdp rising or falling in Cuba?
- Over the last ten years it is down 83.4%. The long-run trend across the full record is volatile.
- Where does this Cuba data come from?
- The figures come from The Changing Wealth of Nations, World Bank staff estimates, via World Bank (2026) – processed by Our World in Data, published as part of Oil rents as a share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Economic profits generated from oil extraction, measured as the difference between production value and costs, expressed as a percentage of gross domestic product.