Top: Regional: Caribbean: Cuba: Business and Economy


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Overview

The government continues to balance the need for economic loosening against a desire for firm political control. It has undertaken limited reforms to increase enterprise efficiency and alleviate serious shortages of food, consumer goods, and services. A major feature of the economy is the dichotomy between relatively efficient export enclaves and inefficient domestic sectors. The average Cuban's standard of living remains at a lower level than before the depression of the 1990s, which was caused by the loss of Soviet aid and domestic inefficiencies. The government reluctantly allows a large dollar market sector, fueled by tourism and remittances from Cubans abroad.


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Industries

Sugar, petroleum, tobacco, chemicals, construction, services, nickel, steel, cement, agricultural machinery, biotechnology.


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Agriculture - Products

Sugar, tobacco, citrus, coffee, rice, potatoes, beans; livestock.


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Business and Economy

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