Cuba
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2001-2002 , pp 149-154
- Publication Date: October 2002
- DOI: https://doi.org/10.18356/9bacb573-en
- Language: English
The Cuban economy slowed down significantly, as GDP grew by 3% compared to 5.6% the year before, while per capita GDP increased by 2.6%. The faltering international economy put downward pressure on the value of merchandise exports, and the terrorist attacks of 11 September caused a slump in tourism. The scarcity of foreign exchange made it necessary to restrict imports to prevent the balance-of-payments current-account deficit from widening, and the commercial exchange rate depreciated by 24%. Domestic prices, however, remained largely stable.
© United Nations
ISBN (PDF):
9789211558388
Book DOI:
https://doi.org/10.18356/95124249-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Cuba
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