Cuba Economic Indicators

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Money
Measure
Frequency
Latest value
Reference
Time coverage
Local Currency Units per USD
25.0000
Aug/2021
monthly
9/2009 - 8/2021
The amount of local currency units that can be exchanged for one USD. An increase (decrease) means USD appreciation (depreciation).
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Government
Measure
Frequency
Latest value
Reference
Time coverage
percent
-17.68
2020
annual
1996  -  2020
The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
Sovereign credit rating
Caa2
Sep/2019
annual
9/2019 - 9/2019
S&P includes long-term ratings from the highest AAA to the lowest D rating. Moody’s includes long-term ratings from the highest Aaa to the lowest C. Fitch includes long-term ratings from the highest AAA to the lowest D rating. Scope includes long-term foreign-currency ratings from the highest AAA to the lowest D rating.

For all four international credit rating agencies, ratings are divided into two main groups based on the level of credit risk: investment grade for lower levels of credit risk and speculative grade for higher levels of credit risk. For S&P, Fitch and Scope, investment grade issues/issuers are those rated from BBB- and above, while those from BB+ and below are categorized as speculative grade. Moody’s denotes as investment grade issues/issuers as those rated from Baa3 and above, while ratings from Ba1 and below fall into the category of speculative grade.

All four agencies include modifiers into their generic alphabet-based ratings for particular ranges. Ratings from S&P, Fitch and Scope are modified with “+” or “-” from the range AA to CCC. Moody’s appends numerical modifiers from 1 to 3 to the generic rating classifications from Aa to Caa. 1 indicates standing in the higher end of the generic category, while 3 indicates ranking in the lower end. All modifiers denote relative status within major ratings categories.

Rating Outlooks indicate the direction the rating is likely to move over a one- to two-year period. In determining an outlook, consideration is given to any changes in fundamental business conditions. Credit Watch focuses on identifiable events that cause ratings to be placed under special surveillance.

Rating Outlooks/Watches for the four agencies are the following:

- Positive means that a rating may be raised
- Negative means that a rating may be lowered
- Stable means a rating is not likely to change
- When the fundamental trend has strong, conflicting elements of both positive and negative, the Outlook/Watch can be denoted as Developing (for Scope, a Stable Outlook would be assigned in this case).

Credit Watches do not include a Stable Watch because they are only event driven and denote higher probability of change in the rating. Credit Outlooks and Watches are mutually exclusive.
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Governance and business environment
Measure
Frequency
Latest value
Reference
Time coverage
points
47
2020
annual
2003  -  2020
The Corruption Perceptions Index is an indicator of perceptions of public sector corruption, i.e. administrative and political corruption. The indicator values are determined by using information from surveys and assessments of corruption, collected by a variety of reputable institutions.
points
7
2020
annual
1972  -  2020
The Political Rights ratings from the Freedom House evaluate three categories: electoral process, political pluralism and participation, and the functioning of government. The index ranges from 1 (strong rights) to 7 (weak rights).
points
6
2020
annual
1972  -  2020
The Civil Liberties index from the Freedom House evaluate the following: freedom of expression and belief, associational and organizational rights, rule of law, and personal autonomy and individual rights. The rating ranges from 1 (strong liberties) to 7 (no liberties).
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Infrastructure and transport characteristics
Measure
Frequency
Latest value
Reference
Time coverage
passenger cars
2280
2019
annual
2005  -  2019
The indicator estimates the number of new passenger car registrations and sales that took place within a country in a year. Passenger cars are road motor vehicles, other than a motor cycle, intended for the carriage of passengers and designed to seat no more than nine persons (including the driver).
commercial vehicles
735
2019
annual
2005  -  2019
The indicator estimates the number of new commercial vehicle registrations and sales that took place within a country in a year. Commercial vehicles include light commercial vehicles, heavy trucks, coaches and buses (except for some countries in which the buses or heavy trucks data are not available).
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Industry: Oil, coal, and electricity
Measure
Frequency
Latest value
Reference
Time coverage
billion barrels
0.12
2021
annual
1991  -  2021
Proved reserves of crude oil are the estimated quantities of all liquids defined as crude oil, which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from reservoirs under existing economic and operating conditions.
thousand Barrels Per Day
41.08
2020
annual
1980  -  2020
Oil production, thousand barrels per day
thousand barrels per day
178.00
2014
annual
1980  -  2014
Oil consumption (Total petroleum consumption) includes internal consumption, refinery fuel and loss, and bunkering. Also included, where available, is direct combustion of crude oil.
thousand barrels per day
12.95
2014
annual
1986  -  2014
Gasoline production includes production of: conventional gasoline; all types of oxygenated gasoline, including gasohol; and reformulated gasoline; but excludes production of aviation gasoline. Volumetric data on blending components, such as oxygenates, are not counted in data on finished motor gasoline until the blending components are blended into the gasoline.
thousand barrels per day
6.89
2018
annual
1980  -  2018
Gasoline consumption includes the consumption of: conventional gasoline; all types of oxygenated gasoline, including gasohol; and reformulated gasoline; but excludes the consumption of aviation gasoline. Volumetric data on blending components, such as oxygenates, are not counted in the data on finished motor gasoline until the blending components are blended into the gasoline.
thousand barrels per day
0.90
2012
annual
1986  -  2012
Liquefied petroleum gases include ethane, ethylene, propane, propylene, normal butane, butylene, isobutane, and isobutylene. The Liquefied Petroleum Gases production also includes, where data are available, liquefied petroleum gases sold directly from natural gas processing plants for fuel or chemical uses and pentanes plus.
thousand barrels per day
3.70
2012
annual
1980  -  2012
Liquefied petroleum gases include ethane, ethylene, propane, propylene, normal butane, butylene, isobutane, and isobutylene. The Liquefied Petroleum Gases consumption also includes, where data are available, liquefied petroleum gases sold directly from natural gas processing plants for fuel or chemical uses and pentanes plus.
thousand barrels per day
6.08
2014
annual
1986  -  2014
The indicator estimates the volume of jet fuel produced within a country expressed in thousand barrels per day. Jet fuel is a refined petroleum product used in jet aircraft engines and it includes kerosene-type jet fuel and naphtha-type jet fuel.
thousand barrels per day
2.39
2018
annual
1980  -  2018
The indicator estimates the volume of jet fuel consumed within a country expressed in thousand barrels per day. Jet fuel is a refined petroleum product used in jet aircraft engines and it includes kerosene-type jet fuel and naphtha-type jet fuel.
million short tons
0.00
2017
annual
2008  -  2017
Proven reserves of coal in million short tons. A short ton equals exactly 2,000 pounds or 907.18 kilograms.
thousand short tons
0.00
2020
annual
1980  -  2020
Total primary coal production (Coal includes anthracite, subanthracite, bituminous, subbituminous, lignite, brown coal, and oil shale.)
thousand short tons
3.15
2019
annual
1980  -  2019
Coal consumption includes anthracite, subanthracite, bituminous, subbituminous, lignite, brown coal, and oil shale. It also includes net imports of metallurgical coke.
thousand short tons
3.15
2019
annual
1980  -  2019
Amount of foreign coal shipped to the country.
thousand short tons
0.00
2020
annual
1980  -  2020
Amount of coal shipped to foreign destinations.
million kilowatts
7.22
2018
annual
1980  -  2018
Total Electricity Installed Capacity (Million Kilowatts)
billion kilowatthours
19.63
2018
annual
1980  -  2018
Total electricity net generation (Net generation excludes the energy consumed by the generating units)
billion kilowatthours
16.34
2018
annual
1980  -  2018
Total Electricity Net Consumption = total net electricity generation + electricity imports - electricity exports – electricity transmission and distribution losses. Net consumption excludes the energy consumed by the generating units.
billion kilowatthours
0.00
2019
annual
1980  -  2019
Annual import of electricity in billion kWh.
billion kilowatthours
0.00
2019
annual
1980  -  2019
Annual export of electricity in billion kWh.
million kilowatts
0.79
2019
annual
1980  -  2019
Total capacity to produce electricity from renewable resources in million kilowatts.
billion kilowatthours
0.76
2018
annual
1980  -  2018
Total Renewables Electricity Net Generation (Net generation excludes the energy consumed by the generating units and also excludes generation from hydroelectric pumped storage)
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Energy mix
Measure
Frequency
Latest value
Reference
Time coverage
million kilowatts
6.46
2018
annual
1980  -  2018
Installed capacity to produce electricity from fossil fuels including oil, coal, and natural gas.
billion kilowatthours
18.87
2018
annual
1980  -  2018
Billion kilowatthours of electricity generated from fossil fuels including oil, coal, and natural gas.
million kilowatts
0.01
2019
annual
2000  -  2019
Installed capacity to produce electricity from wind in million kilowatts.
billion kilowatthours
0.02
2019
annual
1980  -  2019
Billion kilowatthours of electricity generated from wind.
million kilowatts
0.16
2019
annual
2000  -  2019
Installed capacity to produce electricity from sunlight in million kilowatts.
billion kilowatthours
0.15
2019
annual
1980  -  2019
Billion kilowatthours of electricity generated from sunlight.
million kilowatts
0.07
2019
annual
1980  -  2019
Installed capacity to produce hydroelectricity in million kilowatts.
billion kilowatthours
0.15
2018
annual
1980  -  2018
Hydroelectric generation excludes generation from hydroelectric pumped storage.
million kilowatts
0.00
2019
annual
1980  -  2019
Installed capacity to produce hydroelectricity in million kilowatts.
billion kilowatthours
0.00
2019
annual
1980  -  2019
Nuclear electricity net generation (Net generation excludes the energy consumed by the generating units)
million kilowatts
0.00
2019
annual
2000  -  2019
Installed capacity to produce geothermal electricity in million kilowatts.
billion kilowatthours
0.00
2019
annual
1980  -  2019
Billion kilowatthours of geothermal electricity generated.
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Economic freedom indexes
Measure
Frequency
Latest value
Reference
Time coverage
points
20
2020
annual
1995  -  2020
The property rights index measures the degree to which a country’s laws protect private property rights and the degree to which its government enforces those laws. It also assesses the likelihood that private property will be expropriated and analyzes the independence of the judiciary, the existence of corruption within the judiciary, and the ability of individuals and businesses to enforce contracts. Higher index values denote more certain legal protection of property.
points
49
2021
annual
1995  -  2021
The score for the Freedom of corruption index is derived primarily from Transparency International’s Corruption Perceptions Index. For countries that are not covered in the CPI the freedom from corruption score is determined by using information from internationally recognized and reliable sources. Higher index values denote lower level of corruption.
points
47
2021
annual
1995  -  2021
The Fiscal freedom index measures the tax burden imposed by government. It is composed of three quantitative factors: the top marginal tax rate on individual income, the top marginal tax rate on corporate income, and the total tax burden as a percentage of GDP.
points
20
2021
annual
1995  -  2021
The Business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study: Starting a business-procedures (number), time (days), cost (% of income per capita), and minimum capital (% of income per capita); Obtaining a license—procedures (number), time (days), and cost (% of income per capita); Closing a business—time (years), cost (% of estate), and recovery rate (cents on the dollar).
points
20
2021
annual
2005  -  2021
The Labor freedom index is composed of six quantitative factors: ratio of minimum wage to the average value added per worker, hindrance to hiring additional workers, rigidity of hours, difficulty of firing redundant employees, legally mandated notice period, and mandatory severance pay. The index is based on data collected in connection with the World Bank’s Doing Business study.
points
64.60
2021
annual
1995  -  2021
The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.
points
64
2021
annual
1995  -  2021
The Trade freedom index is based on two indicators: the trade-weighted average tariff rate and non-tariff barriers (including quantity, price, regulatory, customs and investment restrictions, and direct government intervention).
points
10
2021
annual
1995  -  2021
The Investment freedom index evaluates a variety of investment restrictions (burdensome bureaucracy, restrictions on land ownership, expropriation of investments without fair compensation, foreign exchange controls, capital control, security problems, a lack of basic investment infrastructure, etc.). Points are deducted from the ideal score of 100 for each of the restrictions found in a country’s investment regime.
points
10
2021
annual
1995  -  2021
The Financial freedom index evaluates: the extent of government regulation of financial services, the degree of state intervention in banks and other financial firms through direct and indirect ownership, the extent of financial and capital market development, government influence on the allocation of credit and openness to foreign competition. Higher index values denote banking efficiency and independence from government control and interference in the financial sector.
index points
28
2021
annual
1995  -  2021
The Overall index of economic freedom has ten components grouped into four broad categories: Rule of Law; Limited Government; Regulatory Efficiency and Open Markets. The overall economic freedom is scored on a scale of 0 to 100, where 100 represents the maximum freedom.
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Covid pandemic
Measure
Frequency
Latest value
Reference
Time coverage
new Covid cases
268259
Aug/2021
monthly
3/2020 - 8/2021
The number of new confirmed COVID cases per month.
new Covid cases per million people
23703
Aug/2021
monthly
3/2020 - 8/2021
New confirmed Covid cases per million people during a month.
total Covid cases
652855
Aug/2021
monthly
3/2020 - 8/2021
The total number of Covid cases at the end of month.
cases per million
57685
Aug/2021
monthly
3/2020 - 8/2021
Total Covid cases per million people at the end of month.
new Covid tests
1142939
Jul/2021
monthly
3/2020 - 7/2021
The number of new COVID tests made per month.
new Covid tests per thousand people
101
Jul/2021
monthly
3/2020 - 7/2021
New Covid tests per thousand people during a month.
total Covid tests
5296762
Jul/2021
monthly
3/2020 - 7/2021
Total tests for Covid at the end of month.
total tests per thousand people
468
Jul/2021
monthly
3/2020 - 7/2021
Total Covid tests per thousand people at the end of month.
new Covid vaccinations
4221545
Aug/2021
monthly
6/2021 - 8/2021
The number of new Covid vaccinations per month.
total Covid vaccinations
14100000
Aug/2021
monthly
5/2021 - 8/2021
Total vaccinations for Covid at the end of month.
Covid vaccinations per hundred people
124.72
Aug/2021
monthly
5/2021 - 8/2021
Total Covid vaccinations per hundred people.
total people vaccinated
5552931
Aug/2021
monthly
5/2021 - 8/2021
Total people vaccinated against Covid at the end of month.
Covid vaccinated people per hundred people
49.07
Aug/2021
monthly
5/2021 - 8/2021
Total people vaccinated against Covid per hundred people.
total fully-vaccinated people
3916641
Aug/2021
monthly
5/2021 - 8/2021
Total fully-vaccinated people against Covid.
Covid fully vaccinated people per hundred people
34.61
Aug/2021
monthly
5/2021 - 8/2021
Covid fully vaccinated people per hundred people.
new deaths from Covid
2545
Aug/2021
monthly
3/2020 - 8/2021
The number of confirmed new deaths from Covid during a month.
new Covid deaths per million people
225
Aug/2021
monthly
3/2020 - 8/2021
New confirmed deaths from Covid per million people during a month.
total Covid deaths
5303
Aug/2021
monthly
3/2020 - 8/2021
The total number of deaths from Covid at the end of month.
total Covid deaths
469
Aug/2021
monthly
3/2020 - 8/2021
rate
1.01
Aug/2021
monthly
3/2020 - 8/2021
The expected number of Covid cases directly generated by one Covid case in a population.
index
70
Aug/2021
monthly
3/2020 - 8/2021
The index varies between 0 and 100 that records the strictness of government policies regarding Covid-19 pandemic. (0 - lowest strictness, 100 - highest strictness).
rate
0.09
Jul/2021
monthly
3/2020 - 7/2021
Share of total COVID-19 tests that were positive.
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Globalization indexes
Measure
Frequency
Latest value
Reference
Time coverage
points
62.12
2018
annual
1970  -  2018
The overall index of globalization covers the economic, social, and political dimensions of globalization. Higher values denote greater globalization. More information and the original data can be obtained here.
points
78.49
2018
annual
1970  -  2018
The degree of political globalization is determined by the number of embassies and high commissions in a country, the number of international organizations to which the country is a member, the number of UN peace missions a country participated in, and the number of treaties signed between two or more states. More information and the original data can be obtained here.
points
48.93
2018
annual
1970  -  2018
Social globalization has three dimensions: personal contacts, information flows, and cultural proximity. The sub-index on personal contacts includes international telecom traffic, degree of tourism, transfers, foreign population, and number of international letters. The sub-index on information flows includes number of internet users, share of households with a television set, and trade in newspapers. The sub-index on cultural proximity includes trade in books and number of McDonald’s restaurants and Ikea located in a country. More information and the original data can be obtained here.
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Shares of world totals
Measure
Frequency
Latest value
Reference
Time coverage
percent
0.01
2018
annual
1991  -  2018
The share of world oil reserves is calculated as the proven oil reserves of a country as percent of the total proven oil reserves for the world.
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Minerals
Measure
Frequency
Latest value
Reference
Time coverage
kilograms
500
2005
annual
2001  -  2005
Gold production in kilograms.
metric tons
1000
2002
annual
2001  -  2002
Copper production in metric tons.
metric tons
60000
2019
annual
2017  -  2019
Zinc production in metric tons.
metric tons
3800
2019
annual
1998  -  2019
Cobalt production in metric tons.
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Crime statistics
Measure
Frequency
Latest value
Reference
Time coverage
prisoners per 100,000 people
506
2012
annual
2003  -  2012
Number of prisoners per 100,000 people.
homicides per 100,000 people
5.0
2016
annual
1992  -  2016
Number of homicides per 100,000 people per year.
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Religious composition of the population
Measure
Frequency
Latest value
Reference
Time coverage
percent
0.0
2013
annual
1960  -  2013
Muslims as percent of the total population.
percent
52.0
2013
annual
1960  -  2013
Christians as percent of the total population.
percent
46.8
2013
annual
1960  -  2013
Catholic Christians as percent of the total population.
percent
5.3
2013
annual
1960  -  2013
Protestant Christians as percent of the total population.
percent
5.9
2013
annual
1960  -  2013
Non religious people as percent of the population.
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Fragile state index
Measure
Frequency
Latest value
Reference
Time coverage
index points
59.50
2021
annual
2007  -  2021
The Fragile States Index measures the vulnerability in pre-conflict, active conflict and post-conflict situations. The index comprises twelve conflict risk indicators that are used to measure the condition of a state at any given moment: security apparatus, factionalized elites, group grievance, economic decline, uneven economic development, human flight and brain drain, state legitimacy, public services, human rights and rule of law, demographic pressures, refugees and IDPs, and external intervention. The higher the value of the index, the more "fragile" the country is.
index points
4.00
2021
annual
2007  -  2021
The Security apparatus indicator considers the security threats to a state, such as bombings, attacks and battle-related deaths, rebel movements, mutinies, coups, or terrorism. The Security аpparatus also takes into account serious criminal factors, such as organized crime and homicides, and perceived trust of citizens in domestic security. The higher the value of the indicator, the more the threats in the state.
index points
7.00
2021
annual
2007  -  2021
The Factionalized elites indicator considers the fragmentation of state institutions along ethnic, class, clan, racial or religious lines, as well as and brinksmanship and gridlock between ruling elites. The higher the value, the more fragmented are the institutions in the country.
index points
2.80
2021
annual
2007  -  2021
The Group Grievance Indicator focuses on divisions and schisms between different groups in society – particularly divisions based on social or political characteristics – and their role in access to services or resources, and inclusion in the political process. The higher the value of the indicator, the higher the division of the societal groups in the country.
index points
4.80
2021
annual
2007  -  2021
The Economic decline indicator considers factors related to economic decline within a country. For example, the indicator looks at patterns of progressive economic decline of the society as a whole as measured by per capita income, Gross National Product, unemployment rates, inflation, productivity, debt, poverty levels, or business failures. It also takes into account sudden drops in commodity prices, trade revenue, or foreign investment, and any collapse or devaluation of the national currency. The higher the value of the indicator, the greater the economic decline in the country.
index points
4.20
2021
annual
2007  -  2021
The Uneven economic development indicator considers inequality within the economy, irrespective of the actual performance of an economy. The higher the value of the index, the higher the inequality in the country's economy.
index points
5.50
2021
annual
2007  -  2021
The Human flight and brain drain indicator considers the economic impact of human displacement (for economic or political reasons) and the consequences this may have on a country’s development. The higher the index, the greater the human displacement.
index points
7.40
2021
annual
2007  -  2021
The State legitimacy indicator considers the representativeness and openness of government and its relationship with its citizenry. The indicator looks at the population’s level of confidence in state institutions and processes, and assesses the effects where that confidence is absent, manifested through mass public demonstrations, sustained civil disobedience, or the rise of armed insurgencies. The higher the value of the index, the lower the country's legitimacy.
index points
4.30
2021
annual
2007  -  2021
The Public services indicator refers to the presence of basic state functions that serve the people. This may include the provision of essential services, such as health, education, water and sanitation, transport infrastructure, electricity and power, and internet and connectivity. On the other hand, it may include the state’s ability to protect its citizens, such as from terrorism and violence, through perceived effective policing. The higher the value of the indicator, the worse the public services in the country.
index points
6.50
2021
annual
2007  -  2021
The Human rights and rule of law indicator considers the relationship between the state and its population insofar as fundamental human rights are protected and freedoms are observed and respected. The higher the indicator's value, the less protected are the human rights and the rule of law in the country.
index points
5.00
2021
annual
2007  -  2021
The Demographic pressures indicator considers pressures upon the state deriving from the population itself or the environment around it. For example, the indicator measures population pressures related to food supply, access to safe water, and other life-sustaining resources, or health, such as the prevalence of disease and epidemics. The higher the indicator's value, the higher the demographic pressures in the country.
index points
3.00
2021
annual
2007  -  2021
The Refugees and internally displaced persons indicator measures the pressure upon states caused by the forced displacement of large communities as a result of social, political, environmental or other causes, measuring displacement within countries, as well as refugee flows into others. The higher the value of the indicator, the higher the refugee flow in the country.
index points
5.00
2021
annual
2007  -  2021
The External Intervention Indicator considers the influence and impact of external actors in the functioning – particularly security and economic – of a state. The higher the indicator's value, the greater the external interventions in the country.
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Other indicators
Measure
Frequency
Latest value
Reference
Time coverage
points
0.887
2020
annual
1980  -  2020
The Human Development Index measures three basic dimensions of human development: long and healthy life, knowledge, and a decent standard of living. Four indicators are used to calculate the index: life expectancy at birth, mean years of schooling, expected years of schooling, and gross national income per capita.
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