Coronavirus: Cuba stops all international flights, bans foreign vessels

Source : Johannes Werner Fri Mar 20, 06:25 pm EST
The impact on Cuba's tourism is hard to estimate. UN agency ECLAC predicts Caribbean tourism to shrink between 8% and 25% in 2020, depending on the duration of travel suspensions. Previous Top Stories

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Companies

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Politics

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LIFESTYLES

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BLOG TICKER

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Data & Maps

Less dependency on goods exports — in part due to a collapse of production

Cuba is no longer a country whose economy depends solely on the export of goods. This is not necessarily good news, however, because this change happened not only due to a diversification of sources of income — which has indeed been implemented — but because it is also the result of a collapse in the production of exportable goods.

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A first for Havana: The Jan. 27 tornado and its destruction

According to the construction ministry, 3,780 dwellings were affected; of those, 372 are completely destroyed, 518 are partially destroyed. More than 500 roofs were lost and more than 1,800 damaged.

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Cuba’s crude oil and natural gas output has practically been stagnating since 2003. In fact, production of oil fields in the old Havana province (now Mayabeque province), including those of Guanabo, Boca de Jaruco, Santa Cruz and Puerto Escondido, decreased by one-third (-32.1%) over the past 10 years, from a record 1.87 million tons of oil, or 32,350 b/d*. Meanwhile, yields in Matanzas province helped offset the decline in Havana/Mayabeque. Oil output at the Seboruco, Varadero-Cárdenas, Cantel and Majaguillar fields grew by one-third (34.4%) in the same period, to a record 1.54 million tons or 26,670 b/d in 2015.

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