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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.

61 posts
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Foreign Trade for Non-State Sector Expands

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Over 1,900 contracts have been signed by non-state sector and state-owned import/export companies since the regulations supporting these activities came into force last summer. In August 2020, these regulations were approved to expand foreign trade opportuniti... More »

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Cuba Defines Economic Priorities to 2026

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At the conclusion of the 8th Congress of the Cuban Communist Party (PPC) (April 16 – 19), Cuba’s government defined the economic priorities for the next five years. The Update of the Economic and Social Policy Guidelines for 2021-2026 document outlines the dir... More »

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Job-Seeking Cubans on the Rise

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Since Day Zero of the new economy of Cuba, January 1, more than 126,938 Cubans have applied for jobs as Cuba reorders its economy. Marta Marta Elena Feito Cabrera, Cuba’s Minister of the Ministry of Labor and Social Security published the new statistics of job... More »

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Imports and Exports Business on the Increase

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Imports and exports are on the increase in Cuba. By mid-January, 4,450 private entities had approached exporting and importing companies, almost 50% of these have shown the intent to establish some type of operation. Over the four months since the regulations ... More »

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Cuba’s GDP Contracts by 11%

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Cuba’s Gross Domestic Product (GDP) contracted by 11% in 2020 due to the COVID-19 pandemic and hardening of U.S. sanctions by the Trump administration but new growth is forecast in the upcoming year, Deputy Prime Minister Alejandro Gil told a session of Cuban ... More »

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Cuba Reaches Agreement with the Paris Club

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The Paris Club, a financial organization consisting of officials from 22 developed creditor countries, has reached an agreement for a moratorium on Cuban debt payment this year. The decision was questioned by the US administration which is attempting to cut of... More »

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The New Normal: Cuba’s COVID Strategy

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Cuban President Miguel Diaz-Canel and Prime Minister Manuel Marrero Cruz recently spoke to the audience on Mesa Redonda to explain the steps needed to alleviate the effects of the pandemic. The actions to be taken in the near future will be known as the “new n... More »

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