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The Cuban Economy: Where It Stands Today

Department of Economics, 1645 Campus Center Drive, Rm. 308, University of Utah, Salt Lake City, UT 84112-9300, al{at}economics.utah.edu

There is widespread discussion both within and outside Cuba concerning what direction the Cuban economy will go under its new interim president, Raúl Castro. This very short paper is intended to contribute one piece of information that is needed to intelligently discuss that issue: where Cuba's economy stands today. Its intention is to compactly provide as much current statistical information on a number of longstanding contentious economic issues in Cuba, as is allowed by its short length. It concludes that the evidence supports that there indeed has been real and meaningful accelerated improvement in the Cuban economy in recent years, and at the same time, Cuba remains far from being able to meet many of its citizen's economic needs in accord with its own principals of human development.

Key Words: Cuba • current economic conditions • Socialism

This version was published on September 1, 2008

Review of Radical Political Economics, Vol. 40, No. 3, 276-284 (2008)
DOI: 10.1177/0486613408320014


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