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Cuba : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook


$13.26 billion (2011 est.)
$10.65 billion (2010 est.)


$6.347 billion (2011 est.)
$4.598 billion (2010 est.)

Inflation rate (consumer prices)

4.7% (2011 est.)
2.9% (2010 est.)

Unemployment rate

1.4% (2011 est.)
1.6% (2010 est.)

GDP - per capita (PPP)

$9,900 (2010 est.)
$9,800 (2009 est.)
$9,700 (2008 est.)
note: data are in 2011 US dollars

National product real growth rate

1.5% (2010 est.)
1.4% (2009 est.)
4.1% (2008 est.)

Internet users

1.606 million
note: private citizens are prohibited from buying computers or accessing the Internet without special authorization; foreigners may access the Internet in large hotels but are subject to firewalls; some Cubans buy illegal passwords on the black market or take advantage of public outlets to access limited email and the government-controlled "intranet" (2009)

Telephones - mobile cellular

1.003 million (2009)

Population growth rate

-0.115% (2012 est.)


11,075,244 (July 2012 est.)

Historical background

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.

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Economic overview

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.

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The Economist Intelligence Unit

Country Forecast Cuba August 2017

  • $ 559
  • Country report
  • August 2017
  • by The Economist Intelligence Unit

Policy towards private enterprise and competition 2017-18: Rising number of self-employed, small businesses and co-operatives, but expansion held back by difficult access to wholesale supplies and heavy ...

  • Countries : Cuba


Cuba - ISA Country Report

  • $ 99
  • Country report
  • August 2017
  • by ISA

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 Report ...

  • Countries : Cuba


Cuba: In-depth PEST insights

  • $ 350
  • Country report
  • May 2017
  • by MarketLine

Cuba: In-depth PEST insights Summary This PEST country analysis report on Cuba provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant ...

  • Countries : Cuba

Oxford Economics

Country Economic Forecasts > Cuba

  • $ 163
  • Country report
  • June 2017
  • by Oxford Economics

We expect the island economy to shrink by 2.9% this year, followed by only a shallow recovery in 2018. This reflects the fact that Venezuela's supply of subsidized oil - one of Cuba's main sources of foreign ...

  • Countries : Cuba

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