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Cuba’s GDP Contracts by 11%


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 »


Cuban GDP growth forecast for 2019


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 »


Cuba Reports Modest Growth in GDP for First Half of Year


Cuba’s President Miguel Diaz-Canel told the audience at the National Assembly of People’s Power that the Gross Domestic Product (GDP) had risen 1.1 per cent in the first half of 2018. He described the nation’s economic situation as “tense,” in terms of the ava... More »

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