{"id":185715,"date":"2018-08-31T00:00:00","date_gmt":"2018-08-31T04:00:00","guid":{"rendered":"https:\/\/oncubanews.com\/en\/slight-increase-in-average-month-wage-in-cuba-2\/"},"modified":"2018-10-02T15:15:44","modified_gmt":"2018-10-02T19:15:44","slug":"slight-increase-in-average-month-wage-in-cuba","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/slight-increase-in-average-month-wage-in-cuba\/","title":{"rendered":"Slight increase in average month wage in Cuba"},"content":{"rendered":"

The average monthly wage experienced a slight increase in 2017 with respect to the previous year, according to the official statistics <\/span>published<\/span><\/a> by the National Bureau of Statistics and Information (ONEI).<\/span><\/p>\n

An increase of 27 Cuban pesos (CUP) not set the wage at 767 CUP, the highest figures registered to date. In 2017 it was 740, the first time it had surpassed the 700 pesos. In this way, the upward tendency of the last decade, in which <\/span>the increase surpassed<\/span><\/a> the 300 CUP, has continued.<\/span><\/p>\n

The statistic shows a less favorable look if it is counted in convertible pesos (CUC), the island\u2019s hard currency with an artificial value equivalent to the dollar and that according to the official exchange rate is equivalent to 25 CUP.<\/span><\/p>\n

Although it is not mainly used in the payment of wages in Cuba, the CUC is an important barometer in the Cubans\u2019 family economy, with which many products and services are paid for in state-run as well as private establishments and in the informal economy. The island\u2019s government has recognized the need to unify both currencies but until now the measure is still pending and has not date.<\/span><\/p>\n

Average monthly wage in Cuba (2010-2017) Source: ONEI<\/a><\/p>\n

 <\/p>\n

By economic activity, the best paid are the sugar industry (1,236 CUP\/49.4 CUC), the exploitation of mines and quarries ((1,218 CUP\/48.7 CUC), financial intermediation (1,048 CUP\/41.9 dollars) and agriculture, cattle raising and forestry (1,027 CUP\/ 41 CUC).<\/span><\/p>\n

On the opposite tip are sectors like culture and sports (531 CUP\/21.2 CUC), education (533 CUP\/21.3 CUC) and public administration, defense and social security (549 CUP\/21.9 CUC), traditional banners in the political discourse on the island.<\/span><\/p>\n

The data managed by ONEI prioritize the budgeted and business sectors of the State, which is why private work or the informal economy are not included.<\/span><\/p>\n

Average Monthly Wage by economic activity in Cuba. Source: ONEI<\/a><\/p>\n

Agriculture and cattle raising<\/span><\/p>\n

Sugar industry<\/span><\/p>\n

Mining<\/span><\/p>\n

Fishing<\/span><\/p>\n

Construction<\/span><\/p>\n

Hotels and gastronomy<\/span><\/p>\n

Transportation and communications<\/span><\/p>\n

Commerce and repairs<\/span><\/p>\n

Public administration, defense and social security<\/span><\/p>\n

 <\/p>\n

Science and technological innovation<\/span><\/p>\n

Education<\/span><\/p>\n

Healthcare and social assistance<\/span><\/p>\n

Culture and sports<\/span><\/p>\n

Financial intermediation <\/span><\/p>\n

Total<\/span><\/p>\n

 <\/p>\n

In terms of provinces, Havana is the leader for the first time in recent years with 848 CUP (33.9 CUC). Ciego de \u00c1vila, which had ranked first since 2013, is now in second place with 818 CUP (32.7 CUC), while Pinar del R\u00edo (813 CUP\/32.5 CUC) and Matanzas (808 CUP\/32.3 CUC) also surpass the 800 CUP.<\/span><\/p>\n

Meanwhile, the lowest wages are received in several provinces in eastern Cuba like Guant\u00e1namo (624 CUP\/24.9 CUC), Santiago de Cuba (659 CUP\/26.3 CUC), Granma (677 CUP\/27 CUC) and Camag\u00fcey (680 CUP\/27.2 CUC), as well as on the Isla de la Juventud (683 CUP\/27.3 CUC). The eastern Las Tunas (688 CUP\/27.5 CUC) is also below the 700 CUP.<\/span><\/p>\n

In general, western and central Cuba have a more favorable panorama, particularly those provinces with the greatest tourist activity.<\/span><\/p>\n

Average monthly wage in Cuba by province (2017). Source: ONEI<\/a><\/p>\n

Isla de la Juventud<\/span><\/p>\n

Pinar del R\u00edo<\/span><\/p>\n

Artemisa<\/span><\/p>\n

Mayabeque<\/span><\/p>\n

Havana<\/span><\/p>\n

Matanzas<\/span><\/p>\n

Villa Clara<\/span><\/p>\n

Cienfuegos<\/span><\/p>\n

Sancti Sp\u00edritus<\/span><\/p>\n

Ciego de \u00c1vila<\/span><\/p>\n

Camag\u00fcey<\/span><\/p>\n

Las Tunas<\/span><\/p>\n

Holgu\u00edn<\/span><\/p>\n

Granma<\/span><\/p>\n

Santiago de Cuba<\/span><\/p>\n

Guant\u00e1namo<\/span><\/p>\n

Although in Cuba the State subsidizes a group of rationed foodstuffs and offers free health care and education, the wages continue being low in the face of the high cost of basic products.<\/span><\/p>\n

Dr. Juan Triana <\/span>includes<\/span><\/a> among the macroeconomic distortions in Cuba \u201cthe gulf between wages and prices, the significant delay in the adjustment of wages to the price levels existing in the country, the persistence of markets segmented by types of currencies, the use of \u2018monetary instruments\u2019 like the converters \u2013 used to pay wages in joint ventures and in the Mariel Special Development Zone \u2013 which are applied to the wages of those workers and that actually comply with fiscal functions.\u201d\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The average monthly wage experienced a slight increase in 2017 with respect to the previous year, according to the official statistics published by the National Bureau of Statistics and Information (ONEI). An increase of 27 Cuban pesos (CUP) not set the wage at 767 CUP, the highest figures registered to date. In 2017 it was […]<\/p>\n","protected":false},"author":3134,"featured_media":185716,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13904],"tags":[14993,72,14816,8863],"ppma_author":[33546,8689],"class_list":["post-185715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cuban-economy","tag-average-wage-in-cuba","tag-cuba-en","tag-cuban-economy","tag-cuban-society"],"acf":[],"yoast_head":"\nSlight increase in average month wage in Cuba | OnCubaNews English<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/oncubanews.com\/en\/cuba\/economy\/cuban-economy\/slight-increase-in-average-month-wage-in-cuba\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Slight increase in average month wage in Cuba | OnCubaNews English\" \/>\n<meta property=\"og:description\" content=\"The average monthly wage experienced a slight increase in 2017 with respect to the previous year, according to the official statistics published by the National Bureau of Statistics and Information (ONEI). 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