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The Economic Commission for Latin America and the Caribbean (ECLAC) estimates that Cuba's GDP will grow by 2.2% in 2021, with the expansion being driven by public spending and higher exports of goods and services. The economic reactivation will be dampened somewhat, however, by the new waves
Dec 22, 2020 · Achieving a 7% growth in 2021 will be happy news for all Cubans. Getting out of the red numbers is essential, but there are many obstacles that don’t allow advancing at a higher speed. And the situation is very tight.
Apr 27, 2022 · Multiple factors affect the Cuban economy, from the tightening of U.S. sanctions to internal problems such as non-compliance with investment plans, a drop in income from medical services, and a decrease in the production of Cuban goods for export such as sugar, among others.
Nov 15, 2022 · Given the characteristics of the Cuban economy, crawling bands could be adopted (a current model might be Singapore's exchange rate regime). Redesign the implementation of an economic plan and the state budget so that they can operate with an official exchange rate that adjusts periodically.
Feb 3, 2022 · The government economists in Cuba estimate that the Cuban economy grew by 2% in 2021. This represents a third of the average growth estimated for the region, according to the Economic Commission for Latin America and the Caribbean.
Cuba began a gradual process of economic recovery in the last two months of 2021, thanks to the opening of its borders and the arrival of international tourists, exports of domestically produced COVID-19 vaccines and a slight rebound in both the State and non-State sectors of the economy.
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It is important to note that nominal GDP in 2021 was 545.218 billion Cuban pesos (CUP), according to official data, which is slightly more than five times its value in 2020 (CUP 107.352 billion). The main reason for this increase was the implementation of monetary-foreign exchange restructuring, as
