Cuba

According to data from Cuba’s National Statistical Office, the country’s economy grew by 11.8% (compared with 5.4% in 2004), thanks to improved availability of foreign exchange, the rising value of nickel exports, and growth in tourism services; the latter was particularly boosted by the sale of professional services to the Bolivarian Republic of Venezuela, generating income which helped to pay the oil bill. All this was despite adverse weather conditions, including the worst drought in a century and three hurricanes which created direct and indirect damage estimated by the government at US$ 3.661 billion (7.9% of GDP in 2005).

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions