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62 new news items in the last 24 hours
Wednesday 09:51

In 2024, Cuba's private sector reached 55% of retail sales, surpassing the state sector, amid a crisis-hit economy.

Raluca Ioana Draghici
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International
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According to data from the National Statistics Office, Cuba's private sector overtook the state sector in retail sales for the first time, reaching 55% of the total in 2024. This historic shift comes after an 11% contraction in the state economy over the past five years, marked by shortages and inflation. While state-run shops offer a limited range of products, informal markets are thriving. Economic reforms begun after 1991 and a more pragmatic approach by Cuban leaders have facilitated the growth of the private sector, which now employs some 1.6 million people.

Sources

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News.ro
Pentru prima dată în decenii, sectorul privat din Cuba depăşeşte statul în vânzările cu amănuntul
sursa imagine
Mediafax
Pentru prima dată în ultimele decenii, sectorul privat din Cuba depăşeşte statul în retail
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