Economic freedom. In 2014 Cuba's economic freedom score was 28.7, making its economy one of the world's least free. Its overall score was 0.2 point higher than last year, with deteriorations in trade freedom, fiscal freedom, monetary freedom and freedom from corruption counterbalanced by an improvement in business freedom.
Cuba’s economic freedom score is 31.9, making its economy the 178th freest in the 2018 Index. Its overall score has decreased by 2.0 points, reflecting a plunge in fiscal health and declines in ...
Since 2016, Cuba has attributed slowed economic growth in part to problems with petroleum product deliveries from Venezuela. Since late 2000, Venezuela provided petroleum products to Cuba on preferential terms, supplying at times nearly 100,000 barrels per day.
The Cuban economy is a planned economy that is dominated by state-run enterprises and state-employed labor force. Most of Cuba's industries are either owned or run by the government, and most of its labor force is employed by the state.
During the decade of Castro’s administration, Cuba’s macroeconomic performance has been deeply disappointing—but this malaise obscures the emergence of a more complex, diversified economy.
The Cuban government has begun encouraging privately owned businesses, but it’s unclear how much this will change the Cuban economy, or how long this change in policy will last. Cuba’s centrally planned economy is controlled by the government, but that hasn’t deterred all foreign investment.
Cuba’s new president has promised to modernize the country’s economy and make the government more responsive to its people, even as he pledged to uphold the values of the country’s socialist ...
Slim pickings: Clueless on Cuba’s economy. Sep 28th 2017, 11:18 from Print edition. The communist regime can no longer rely on the generosity of its allies. It has no idea what to do.
Cuba's Economy. President Raul Castro said Cuba is going through some adverse circumstances and but rejected any notion of an imminent economic collapse.
It is widely viewed that the embargo hurt the Cuban economy. In 2009, the Cuban Government estimated this loss at $685 million annually. Cuba's leadership has called for reforms in the country's agricultural system. In 2008, Raúl Castro began enacting agrarian reforms to boost food production, as at that time 80% of food was imported.