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Country Report Cuba 2nd Quarter

  • ID: 5349700
  • Country Profile
  • June 2021
  • Region: Cuba
  • The Economist Intelligence Unit
Cuba's economy is heavily managed by the state. The state's foreign-currency earnings are dependent on a few exports (nickel, tourism and healthcare). Recent currency reform will cause short-term price instability but boost competitiveness over the medium term.

Raúl Castro resigned as chair of the Partido Comunista de Cuba (PCC) at its April congress and was succeeded by the president, Miguel Díaz-Canel. Risks to stability will rise amid a more decentralised power structure, but the PCC is likely to retain overall control.

Liberalising economic reforms have materialised only gradually over the past 30 years. The coronavirus (Covid-19) crisis led to a landmark currency reform, introduced in early 2021. The state will cautiously pursue further liberalisation in the 2021-25 forecast period.
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Country Report Cuba 2nd Quarter

Briefing sheet
Political and economic outlook
Key changes since March 1st
The month ahead
Major risks to our forecast

Outlook for 2021-25: Political stability

Outlook for 2021-25: Election watch

Outlook for 2021-25: International relations

Outlook for 2021-25: Policy trends

Outlook for 2021-25: Fiscal policy

Outlook for 2021-25: Monetary policy

Outlook for 2021-25: International assumptions

Outlook for 2021-25: Economic growth
Monetary realignment: adjustments to GDP estimates and forecasts
Inflation and nominal GDP
Real GDP

Outlook for 2021-25: Inflation

Outlook for 2021-25: Exchange rates

Outlook for 2021-25: External sector

Outlook for 2021-25: Forecast summary

Data and charts: Annual data and forecast

Data and charts: Annual trends charts

Data and charts: Monthly trends charts

Data and charts: Comparative economic indicators

Basic data
Land area
Population
Climate
Weather in Havana (altitude 24 metres)
Weights and measures
Currency
Time
Public holidays

Political structure
Official name
Form of government
Head of state
The executive
National legislature
Legal system
National elections
National government
Main political organisation
Key ministers
Central bank president
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