Cuba’s economic crisis

Cubans are protesting over a worsening economic crisis and shortages of basic goods, amid skyrocketing prices and inflation, which President Miguel Díaz-Canel blames on ongoing U.S. sanctions


Havana
Pinar del Río
Santa Clara
Bay of Pigs
CARIBBEAN SEA
CUBA
Camaguey
Sierra Maestra
Santiago
Sierra Cristal
Guantanamo Bay
100km 62 miles

U.S.


Miguel Díaz-Canel:
Says U.S. seeks to weaken economy to “provoke a massive social implosion”


Economic decline (GDP, 2020)
-10.9%

Tourism (share of GDP) 
10.6%

Inflation (2021)
500%

1 Peso = $0.042

Fall in tourism due to pandemic
57%


U.S. sanctions imposed by Trump administration

2017: Sanctions on 231 entities controlled by Cuban military, intelligence and security service

2019: Sanctions on shipping companies that supply Venezuelan oil to Cuba

2019: Family remittances from U.S. capped at $1,000 per quarter

2019: U.S. bans cruise ships, private and corporate aircraft and boats from visiting Cubav

2020: Prohibits U.S. travellers from staying at over 400 hotels and privately owned residences owned or controlled by Cuban government or Communist Party

Jan 2021: Trump administration designates Cuban government as state sponsor of terrorism


Sources: Reuters, Congressional Research Service
Pictures: Associated Press 
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