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Economic Development

Economic development in Cuba. The economy of Cuba, GDP, Growth Domestic Product, economic performance, income, education, taxation, debt restructuring.

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The Import and Export Process Starts Up

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A few days before the release of Cuba’s new economic strategy to deal with the situation created by the COVID-19 pandemic, the first results of Resolution 315 to facilitate export and import services to the “non-state management” were in place. In total, nine ... More »

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Impact on Foreign Trade of the New Measures

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One of the most impactful measures announced by the Cuban government on July 16 was the authorization of non-state structures to carry out import/export operations through specialized state companies. To date, there are 36 companies that specialize in import a... More »

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Cuba – 2019 – the Year in Review

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2019 has been a year of challenges and victories for Cuba. On January 1, Cuba celebrates the 61st year of the anniversary of the Cuban Revolution. On January 1, 1958, Fidel Castro and the revolutionary army declared victory over the right-wing dictatorship of ... More »

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ECLAC Report 2019 – the Cuban Economy

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The Economic Commission for Latin America and the Caribbean (ECLAC) (Spanish acronym: CEPAL) was established in 1948. ECLAC is headquartered in Santiago, Chile, and is one of the five regional commissions of the United Nations. It was founded with the purpose ... More »

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Cuban GDP growth forecast for 2019

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In 2019, the Cuban economy is forecast to grow by one-and-a-half percent, following a growth rate of 1.2 percent in 2018. This figure is less than the two percent growth previously predicted by the government. Tighter sanctions from the United States, the effe... More »

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