y
egalitarian society. The government released new economic data in
1995 which showed a 35% decline in GDP during 1989-1993, a drop
precipitated by the withdrawal of massive Soviet aid and prolonged
by Cuba's own economic inefficiencies. The decline in GDP apparently
was halted in 1994, and government officials claim that GDP
increased by 2.5% in 1995. Export earnings rose by 20% in 1995 to
$1.6 billion, largely on the strength of higher world prices for key
commodities and increased production of nickel through joint
ventures with a Canadian firm. Higher export revenues and new
credits from European firms and Mexico enabled Havana to increase
its imports for the first time in six years. Imports rose 21% to
almost $2.4 billion, or 30% of the 1989 level. Officials have
sharply criticized provisions of legislation under consideration in
the US Congress, which aims to curtail third-country investment in
expropriated US properties in Cuba and deny official assistance to
Havana.

GDP: purchasing power parity - $14.7 billion (1995 est.)

GDP real growth rate: 2.5% (1995 est.)

GDP per capita: $1,300 (1995 est.)

GDP composition by sector:
agriculture: 7%
industry: 30%
services: 63% (1994)

Inflation rate (consumer prices): NA%

Labor force: 4.71 million economically active population (1989);
3,527,000 employed in state civilian sector (1989)
by occupation: services and government 30%, industry 22%,
agriculture 20%, commerce 11%, construction 10%, transportation and
communications 7% (June 1990)

Unemployment rate: NA%

Budget:
revenues: $NA
expenditures: $NA, including capital expenditures of $NA

Industries: sugar, petroleum, food, tobacco, textiles, chemicals,
paper and wood products, metals (particularly nickel), cement,
fertilizers, consumer goods, agricultural machinery

Industrial production growth rate: 6% (1995 est.)

Electricity:
capacity: 3,990,000 kW
production: 12 billion kWh
consumption per capita: 1,022 kWh (1993)

Agriculture: sugarcane, tobacco, citrus, coffee, rice, potatoes
and other tubers, beans; livestock

Exports: $1.6 billion (f.o.b., 1995 est.)
commodities: sugar, nickel, shellfish, tobacco, medical products,
citrus, coffee
partners: Canada 15%, China 15%, Russia 15% (1995 est.)

Imports: $2.4 billion (c.i.f., 1995 est.)
commodities: petroleum, food, machinery, chemicals
partners: Spain 15%, Mexico 15%, R