Cuba Tenders

Get access to latest Cuba tenders and bids. Find business opportunities and business intelligence from public and private procurement in Cuba. Find international bid invitations and information about tenders, bids, procurement, RFPs, RFQs, ICBs and detailed analysis across all sectors from Cuba.

The economy of Cuba is a market-socialist economy dominated by state-run enterprises. The government of Cuba owns and operates most industries and most of the labor force is employed by the state. Following the fall of the Soviet Union in 1991, the ruling Communist Party of Cuba encouraged the formation of worker co-operatives and self-employment. In the late 2010s, private property and free-market rights along with foreign direct investment were granted by the 2019 Cuban constitutional referendum. It has also been acknowledged that foreign direct investment in various Cuban economic sectors increased before 2019 as well. As of 2000, public-sector employment was 76% and private-sector employment (mainly composed of self-employment) was 23%, compared to the 1981 ratio of 91% to 8%. Investment is restricted and requires approval by the government. In 2019, Cuba ranked 70th out of 189 countries, with a Human Development Index of 0.783, placed in the high human development category. As of 2012, the country's public debt comprised 35.3% of GDP, inflation (CDP) was 5.5%, and GDP growth was 3%. Housing and transportation costs are low. Cubans receive government-subsidized education, healthcare, and food subsidies.