Wages in Cuba
Because Cuba does not have a minimum wage, there is no mandatory minimum rate of pay for workers in Cuba. Pay rates must be agreed upon directly with the employer through collective bargaining or other means of negotiating a fair living wage.
What is the Cuba Minimum Wage?
Cuba's Minimum Wage is the lowest amount a worker can be legally paid for his work. Most countries have a nation-wide minimum wage that all workers must be paid.
Cuba's minimum wage rate varies by occupation. The average minimum wage rate is 225 Cuban pesos a month. This minimum wage is supplemented by the Cuban government with free education,subsidized medical care (daily pay is reduced by 40 percent after the third day of a hospital stay),housing,and some subsidized food. Cuba's minimum wage was last changed in 1-May-2005.
Purchasing power in Cuba
The Rose survey indicates that Cubans earn considerably more than the official average monthly salary, which was 687 pesos, or about $25, in 2015, according to Cuba’s National Office of Statistics. Wages in Cuba averaged just 494.4 pesos ($18.66) monthly.
A new survey suggested that Cubans’ income is higher than average state salaries would indicate.
The Rose survey indicates that Cubans earn considerably more than the official average monthly salary, which was 687 pesos, or about $25, in 2015, according to Cuba’s National Office of Statistics. Wages in Cuba averaged just 494.4 pesos ($18.66) monthly from 2008 to 2015.
Currently, it would take the earnings of an entire month for a Cuban worker to buy 10.3 chickens, OR 7.6 tanks of liquefied gas for their stoves.
Facts and statistics about Cuba
Cuba is a country located in the Caribbean region with a population of 11,201,000 and an average life span of 76.2 years.
Gross National Product | $17,843.00 |
Government Type | Socialistic Republic |
Current Leader | Miguel Díaz-Canel |
Independence Year | 1902 |
Continent & Region | North America, Caribbean |
Surface Area | 110,861 square kilometers |