Country · score from open sources
Cuba
Latin America & Caribbean
HRI 28 of 100: higher means riskier. Calm ≤33, risky ≥56. Both rays measure risk: the longer the ray, the worse.
conflict, political instability, inflation
news sentiment for the country
Horizons & uncertainty
Central line = today's level. On 4,428 country-years, assuming no change proved about twice as accurate as extrapolating a trend, so we don't invent one. The band is the calibrated 80% range of historical outcomes; * = horizon not covered by the backtest. How we tested this →
What this means for entering
2 areas needing a decision before you commitRight to operate
A comprehensive embargo. This is not a risk question but a legality one: sanctions counsel, payment rails and a correspondent bank come before anything else.
Why, and what to do about it →
The country is under a comprehensive OFAC program: what is restricted is dealing with the jurisdiction itself, not only listed persons (132 SDN entries). At this level, "is it profitable" is secondary to "is it legal".
- Sanctions counsel before any negotiations: check whether an OFAC general licence covers your deal
- Ask your own bank directly whether it will process payments for this country: correspondents decline more often than regulators prohibit
- Assess secondary-sanctions exposure for the whole group, not just the local entity
- Document the sanctions analysis in writing: it is your defence in an audit
Deal economics: Even permitted operations get expensive: per-payment screening, bank risk premiums and legal support hit the cost base before the first sale.
Contract enforcement
Courts are uneven: timing and outcome are hard to predict. Build in an arbitration clause and payment security.
Why, and what to do about it →
Rule of law -0.62 on the WGI scale (−2.5 to +2.5), weak-courts threshold −0.8; worse than 68% of countries. Courts function, but timing and outcomes are volatile.
- An arbitration clause in every contract
- Payment security for large amounts: bank guarantee or letter of credit
- Staged payments instead of long credit terms
Deal economics: Not prohibitive, but long receivables need a provision for late payment.
Regulation & licensing
Unpredictable regulation: licence timelines and rules shift. Budget multiples of the expected time and hire local regulatory counsel.
Why, and what to do about it →
Regulatory quality -1.44 on the WGI scale (−2.5 to +2.5), unpredictability threshold −0.8; worse than 93% of countries. Rules and licence timelines change mid-process.
- Local regulatory counsel before the first filing
- Multiples of the stated licensing time in the launch plan
- Do not sign leases or hires against a date the licence does not yet contain
- Monitor rule changes as an ongoing process, not a one-off check
Deal economics: Every month waiting for a licence is cost without revenue: put it in the cash plan, not in optimism.
Corruption exposure
Corruption is noticeable: route procurement and government dealings through transparent procedures.
Why, and what to do about it →
Control of corruption -0.23 on the WGI scale (−2.5 to +2.5), high-exposure threshold −0.8; worse than 50% of countries. Corruption shows up in procedures and intermediaries.
- Procurement and tenders only through transparent procedures
- Due diligence on intermediaries and agents before signing
- A second-signature rule on payments to state counterparties
Deal economics: The main hidden cost is not the bribe but the middleman: a fixer's commission always surfaces in the deal price.
Physical security
No significant armed violence recorded, so standard travel policies apply.
Why, and what to do about it →
Conflict intensity 0 of 100 on the UCDP log scale: no significant armed events recorded in the period. This counts confirmed casualties, not news tone.
- Standard travel policies apply, no premiums needed
Deal economics: Physical security adds no cost of entry.
Operational continuity
Low disaster exposure: redundancy can stay minimal.
Why, and what to do about it →
INFORM Risk 2.8 of 10 (low band under 3.5, EU JRC): both hazard exposure and infrastructure strain sit in the calm zone.
- Redundancy can stay minimal
Deal economics: Disaster risk needs no separate budget.
Derived mechanically from the live values on this page using published scales (World Bank WGI −2.5…+2.5, INFORM 0–10, UCDP intensity). Operational guidance, not legal advice.
Why this verdict
What drives the risk
data- Conflict (UCDP)0
- Political instability (WGI)44
- Inflation · no data, neutral 50 used50
- Travel advisories · soonn/a
Conflict data: UCDP/GED, Uppsala University (CC BY 4.0).
News background
data⛔ Comprehensive US embargo
OFACUS persons are broadly prohibited from doing business here. Whatever the risk score says, market entry is a legal question first: take specialist advice before anything else.
The data-only verdict would have read “Calm”, but we cap it, because a market you cannot legally enter is not calm.
Source: OFAC Specially Designated Nationals list (US Treasury, public domain). Informational, not legal advice.
Doing business: governance
WGI- Rule of law-0.62
- Regulatory quality-1.44
- Control of corruption-0.23
World Bank WGI, −2.5 to +2.5 (higher is better). Shown separately, not folded into HRI, because the weights aren't backtested.
Disasters & resilience
INFORM 2026- Hazard3.5
- Vulnerability1.7
- Lack of coping capacity3.8
INFORM Risk, European Commission JRC. A separate layer, deliberately not folded into HRI, which measures conflict, political instability and inflation.
Next steps
Once the data points to a market, the entry itself is a path, and we help with each step.
Scenario session (Custom Research)
A facilitated SWOT-style session with the School: your team's readiness and blind spots for this market.
How it works →Partners & leads on the ground
Once a market is chosen: vetted local partners and lead generation to enter without burning budget.
Talk to us →Market content & launch
Localized social and content for the new market, so the entry is visible from day one.
See how →🔒 Full access: 1 year, 3 years and 10 years
Long horizons, verdict-change alerts and briefs come with paid packages.
Arxterra is for information only and is not investment, legal, tax or any other advice, an offer or a recommendation. Scores are computed from the listed sources; we do not guarantee their accuracy or completeness. You make decisions yourself. Conflict data: UCDP/GED, Uppsala University (CC BY 4.0); governance & economy: World Bank; news: The GDELT Project.