Cuba's economic growth is less than 2% this year and remains 8 percentage points below pre-pandemic levels, while production in sectors such as agriculture, mining and manufacturing was further behind, Economy Minister Alejandro Gil said on Saturday.
Speaking before the country's parliament, Gil said the primary sector, which includes agriculture, mining and other basic production, was down 34.9% compared with 2019, while manufacturing was off 20%. A third sector that includes services such as tourism, communications and education was down 4.9%.
Gil said export earnings so far this year were $1.3 billion, 35.7% of what had been expected, while imports were $4.4 billion, also well below the Cuban government's forecast. Cuba has resorted to increased price controls to slow inflation, with little success to date, while conceding that other factors are driving up prices, such as low productivity and output.
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