A NEW WAY TO DISCOVER CUBA

French Spanish
geography
climate
history
population
government
economy
flora and Fauna
natural resources
gallery
more Cuba sites
credits
comments
home



Ads By CiberSpaces


 

The Cuban gross domestic product (GDP) decreased by 34,8% between 1989 and 1993. In 1994 the country managed to slow down this process. After the said crisis, the economic recovery reached its peak in 1996 with a growth of 7,8%. However, though the tendency to grow continues, in 1997 the economy grew by just 2,5%, much less than expected. The major component of the Cuban economy is sugar cane; the national production of Sugar Cane has decreased due to lack of materials, fertilizer and spare parts for the industry. More recently, tourism is becoming the main source of hard currency for the country. Between 1990 and 1997 an average annual increase of 19,3% of overall visitors and 11,4% new visitors for tourists. To this date, there are 65 joint venture firms operating at the island in the tourism sector, with a capital above 2.5 billion dollars involved.

For the year 2001, with an availability of 37,000 rooms, over 2,2 million tourists are expected to arrive. Foreign investments in different businesses have increased to more than 340 enterprises. According to official figures, capital involved in these associations rises to 2,5 billion dollars. The more attractive businesses for foreign investors are: tourism, nickel and other minerals, communications, construction, real estate and exploitation of oil fields. Last year production of crude oil was over 1 678 000 tons. Production arrangements have also been favoured by the Free Zones opened at Wajay, Havana, Berroa and Mariel, where more than 70% of the area is used for commercial activities. Tobacco, another important product of international good standing, yielded 150 000 quintals in 1998. Other important products with improved profits are; coffee, rum, citrus fruits, cocoa and agriculture as a whole. Pharmaceutical and biotechnological industries are also developing. Best commercial partners for the island are; Europe, Latin America, Canada, Russia and China. Over the year 2000 the losses incurred by the economic and commercial embargo imposed by the United States exceeded 2 billion dollars.

 

Ads By CiberSpaces

Ads By CiberSpaces

Available now!
Reside in Havana now!...

Book instantly the car you need
  • Casa Particular Havana with Cuba Travel Services
    Casa Particular Havana with Cuba Travel Services
    Cuba Travel Services offers bookable Casa Particulares in Havana Cuba. Below are 8 different casas we have personally visited over the past 12 months and can ensure quality of service [...]
  • Hotels Santa Lucia Cuba | Cuba Travel Services
    Hotels Santa Lucia Cuba | Cuba Travel Services
    Cuba Travel Services is proud to announce new deals on Hotels in Santa Lucia Cuba. Playa Santa Lucia is the perfect destination for those looking for all-inclusive hotels at a [...]
  • Book Cuba Hotels
    Book Cuba Hotels
    Whether you are looking for that romantic Cuban hotel, a City break in Havana or getting off the beaten track in Trinidad, Cienfuegos or Guantanamo Cuba Travel Services has the [...]
  • Visit Cayo Guillermo from Cayo Coco
    Visit Cayo Guillermo from Cayo Coco
    Many of the hotels in Cayo Coco offer day passes to visit hotels in Cayo Guillermo. These passes can range from being entirely free, where you simply use the all-inclusive [...]
  • El Baga National Park Cayo Coco
    El Baga National Park Cayo Coco
    El Baga National Park is located on Cayo Coco and is one of Cuba's 7 national parks. Named after the El Baga tree, known for its medicinal properties, the park [...]
  • Visit the City of Moron from Cayo Coco
    Visit the City of Moron from Cayo Coco
    See some of the real Authentic Cuba and visit Moron while staying in Cayo Coco. The city is just 62 KM from Cayo Coco and numerous tours are offered at [...]

email us...contact@cubacaribbean.com
Copyright © 2002 - 2017. Digital Panorama S.A. All rights reserved.
No part of this website may be copied or reproduced without the written consent of Travelucion S.L or its subsidiaries.

800 x 600