Imports$13.26 billion (2011 est.)
Exports$6.347 billion (2011 est.)
Inflation rate (consumer prices)4.7% (2011 est.)
Unemployment rate1.4% (2011 est.)
GDP - per capita (PPP)$9,900 (2010 est.)
National product real growth rate1.5% (2010 est.)
Internet users1.606 million
Telephones - mobile cellular1.003 million (2009)
Population growth rate-0.115% (2012 est.)
Population11,075,244 (July 2012 est.)
The native Amerindian population of Cuba began to decline after the European discovery of the island by Christopher COLUMBUS in 1492 and following its development as a Spanish colony during the next several centuries.
Large numbers of African slaves were imported to work the coffee and sugar plantations, and Havana became the launching point for the annual treasure fleets bound for Spain from Mexico and Peru.
Spanish rule eventually provoked an independence movement and occasional rebellions that were harshly suppressed....
The government continues to balance the need for economic loosening against a desire for firm political control.
The government announced it would eliminate 500,000 state jobs by March 2011 and has expanded opportunities for self-employment.
President CASTRO said such changes were needed to update the economic model to ensure the survival of socialism....
The Economist Intelligence Unit
The 84-year-old president, Raúl Castro, is expected to retire in 2018 (the end of his current term). His priority will be to ensure a smooth transition to a younger generation of political leaders, ...
This report contains detailed forecasts and analysis for Cuba, including trade and investment analysis, economic forecasts, political risk assessments and demographic trend analysis. Each ISA Country ...
Cuba's GDP growth outlook has deteriorated severely as Venezuela's oil aid has declined and prospects for further rapprochement with the US have greatly diminished following Donald Trump's election. However, ...