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Cuba

Cuba · CUB · North America

55

Risk Score

Elevated Stable

Risk Factors

No recent events in pipeline

Overview

Cuba is a Caribbean island nation operating as a communist state, facing significant economic challenges due to the long-standing US embargo and internal inefficiencies. Its economy relies heavily on tourism, nickel mining, and agricultural products like sugar and tobacco. The country is undergoing gradual economic reforms.

Leadership

Miguel Díaz-Canel Bermúdez

President of the Republic (also First Secretary of the Communist Party of Cuba)

GOVERNMENT: Communist state

Economy

GDP

$125.0B

GDP per Capita

$10.5K

GDP Growth

+1.2%

Inflation

25.0%

Unemployment

2.5%

TourismNickel miningSugarTobaccoPharmaceuticals

Trade

Key Exports

NickelSugarTobaccoRumMedical products

Key Imports

FoodstuffsFuelsMachineryChemicals

Top Partners

VenezuelaChinaSpainCanadaRussia

Headlines (8)

LivemintAug 9

Cuba is low on oil. Now, it’s counting on solar, with China’s help.

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EUROPE SAYSAug 8

CIA secretly formed Cuba task force: Report

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EUROPE SAYSAug 8

RCG brigade arrives in Cuba - Revolutionary Communist Group

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EUROPE SAYSAug 8

Human rights experts denounces recent US actions against Cuba

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EUROPE SAYSAug 8

Ministry of Foreign Affairs strongly advises against travelling to Cuba

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EUROPE SAYSAug 8

CIA launches Cuba task force amid new sanctions and UN warnings of a “silent Gaza”

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EUROPE SAYSAug 8

Rubio Escalates Cuba Pressure. A Sanctions Campaign Is Set To Target Every 'Escape Valve'

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The New York TimesAug 7

Labor Market Shifts Into Reverse

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