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Central America and the Caribbean > Cuba > Economy

CUBAN ECONOMY STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Agriculture > products
sugar, tobacco, citrus, coffee, rice, potatoes, beans; livestock
Budget > Revenues $41,840,000,000.00 Time series [48th of 166]
Current account balance $240,000,000.00 Time series [57th of 181]
Economic freedom 0.55 [156th of 156]
Economy > Overview
The government continues to balance the need for economic loosening against a desire for firm political control. It has rolled back limited reforms undertaken in the 1990s to increase enterprise efficiency and alleviate serious shortages of food, consumer goods, and services. The average Cuban's standard of living remains at a lower level than before the downturn of the 1990s, which was caused by the loss of Soviet aid and domestic inefficiencies. Since late 2000, Venezuela has been providing oil on preferential terms, and it currently supplies about 100,000 barrels per day of petroleum products. Cuba has been paying for the oil, in part, with the services of Cuban personnel in Venezuela, including some 20,000 medical professionals. In 2007, high metals prices continued to boost Cuban earnings from nickel and cobalt production. Havana continued to invest in the country's energy sector to mitigate electrical blackouts that had plagued the country since 2004.
Exchange rates
Convertible pesos per US dollar - 0.93
Exports $3,734,000,000.00 Time series [112nd of 189]
Exports > Goods and services 16% [136th of 156]
Exports to US $100,000.00 [203rd of 224]
GDP $32,130,000,000.00 Time series [62nd of 203]
GDP (purchasing power parity) $125,500,000,000.00 Time series [59th of 187]
GDP > Real growth rate 6.5% Time series [60th of 198]
GDP growth > annual % 5.4 annual % Time series [78th of 187]
Human Development Index 0.817 [52nd of 178]
Inflation rate (consumer prices) 3.1% Time series [125th of 192]
Public debt 36.8 % of GDP Time series [61st of 121]
Total reserves minus gold > current US$ 143,000,000 $ Time series [37th of 178]
Tourist arrivals 1,153,000 [47th of 152]
Tourist arrivals by region of origin > Europe 1,047,669 Time series [46th of 195]
Trade balance with US $45,200,000.00 [23rd of 224]

... View all Economy stats

SOURCES: CIA World Factbook, 28 July 2005; All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; US Census Bureau; World Development Indicators database and CIA World Factbook; World Development Indicators database; Human Development Report 2006, United Nations Development Programme; United Nations World Statistics Pocketbook and Statistical Yearbook; Source: World Tourism Organization Statistics Database and Yearbook | United Nations World Tourism Organization

ALTERNATIVE NAMES: Cuba, Republic of Cuba, Republica de Cuba

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More facts and figures on Cuba

 

COMMENTARY     

Dotty
9th October 2009
I'm so happy i found this web page it was such a big help.
Jamela Latimer
17th November 2004
This page was really a help,I needed to do my project on Cuban Revolution and Thanks to this web page I pass and got an A plus.Now I am going to use and go to this web site every time I need to do a project or homework that have someting to do with the computer.

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