21, Nov 2009, CST. Welcome to the Cuba economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: Cuba › Change country
National or Regional Currency: Cuban Peso, CUP
Year of data: 2008 › Change year
Number of Indicators Listed: 1
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 11,451,652 (July 2009 est.)
Area: total: 110,860 sq km land: 110,860 sq km water: 0 sq km
Natural Resources: cobalt, nickel, iron ore, chromium, copper, salt, timber, silica, petroleum, arable land
Government Type: Cuba government type
Government Ministers: Cuba ministers
Capital: Havana
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

The government perpetuates to balance the need for economic loosening against a desire for firm political control. It has rolled back put a ceiling on reform undertaken in the 1990s to increase enterprise efficiency and alleviate major shortages of food stuffs, consumer and manufactured favourables, and services. The average Cuban's standard of living remains at a reduced level than before the downturn of the 1990s, which was caused by the loss of Soviet aid and domestic inefficiencies. Since late 2000, Venezuela has been providing oil and gas on preferential terms, and it currently supplies approximately 100,000 barrels per day of oil and gas products. Cuba has been paying for the oil and gas, in part, with the services of Cuban personnel in Venezuela, including some 30,000 medical professionals.
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GDP (Current Prices, US Dollars) for Cuba in year 2008 is US$ n/a Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Growth (Constant Prices, National Currency) for Cuba in year 2008 is n/a %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.