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In 2021, Cuba's "economic freedom" score from the free-market oriented Heritage Foundation was 28.1, ranking Cuba's economy 176th (among the "least free") on such measures as "trade freedom, fiscal freedom, monetary freedom, freedom, and business freedom". Cuba ranked 31st among the 32 South and Central America countries, with the Heritage ...
Cuba's agricultural economy centered primarily on the sugar industry, serving as the cornerstone of the nation's exports. U.S. influence, particularly from companies like the United Fruit Company , was pervasive, with significant investments in large-scale sugar plantations and the production and export of sugar and tropical fruits to the ...
After the collapse of the Soviet Union in 1991, Cuban exports declined from $5.5 billion to $1.7 billion pesos while imports fell from $7.8 billion to $2.5 billion pesos. Until this time, more than two-thirds of Cuba's sugar exports were to the Soviet Union and members of COMECON. The demand from Eastern European states fell to just 50,000 tons ...
Converting those Cuban pesos to other currencies poses yet another challenge, as there are several, highly fluctuating exchange rates in the island. Long lines form and frustration grows as Cuba ...
Different sources of trade data may provide more or less complete data coverage, and more or less detail: reported vs. mirrored: One key distinction in trade data is between the reporting country (the country that provides data) and the partner country (the country listed as an export partner or import partner in the data provided by a reporting country).
Colombia–Cuba relations have a long history, as the two countries have shared political, economic, social and cultural relations since the time of colonialism in Latin America. Having a great exchange of knowledge and people in these territories, for this reason, the two countries and others joined in the fight for independence against the ...
A huge power outage hit Cuba Oct. 19, and much of the island is still without electricity. Here’s why things may get worse.
Food production, the supply of phamaceuticals and transportation are down by at least 50% since 2018, the top officials said, and continued to decline this year in large part due to chronic fuel ...