Cuba’s Economy Surged in 2015

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Cuba’s economic growth quickened significantly in 2015, according to the latest estimates from the United Nations Economic Commission for Latin America and the Caribbean.

The island’s gross domestic product grew by 4 percent in 2015, after expanding by just 1.3 percent in 2014, according to the ECLAC data.

That also represented Cuba’s highest year-over-year GDP improvement in the last six years.

Cuba’s economy is projected to grow by 4.2 percent in 2016, according to an ECLAC forecast.

To read the full ECLAC report, click here.

— By the Cuba Journal Staff

Cuba’s Economy Surged in 2015 was last modified: January 26th, 2016 by Cuba Journal