The economy of Cuba is a planned 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.Country group: Upper-middle income economyCurrency: Cuban peso (CUP) = 100 cents and GDP per capita rank: 76th (nominal, 2017); 10Main industries: Petroleum, nickel, cobalt, phar
The skyline of Havana, the commercial center and major port city of Cuba. The Cuban economy is a planned economy that is dominated by state-run enterprises and state-employed labor force. Most of Cuba’s industries are either owned or run by the government, and most of its labor force is employed by the state.
Cuba has had a socialist political system since 1959 based on the “one state – one party” principle. Cuba is constitutionally defined as a Marxist–Leninist socialist state guided in part by the political ideas of Karl Marx, one of the fathers of historical materialism, Friedrich Engels and Vladimir Lenin.
Cuba’s government consists of a one part communist state. These economies are called command economies , where supply and price are regulated by the government rather than market forces. Most of the means of production are owned and run by the government, and most of the labor force is employed by the state.
Since 1965, the state has been governed by the Communist Party of Cuba. The country was a point of contention during the Cold War between the Soviet Union and the United States, and a nuclear war nearly broke out during the Cuban Missile Crisis of 1962.
Sugar -milling has long been the largest industry, and Cuba is also known for its tobacco products. There is a oil-refining industry as well. Some consumer goods are manufactured, as well as construction materials, steel, agricultural machinery, and pharmaceuticals .
The only way to become a Cuban resident is to marry a Cuban citizen. You can live in Cuba with a Snowbird Visa and just keep renewing it. It is important to know that as an American you cannot own property or a vehicle in Cuba , you can only rent.
President of Cuba
|President of the Republic of Cuba Presidente de la República de Cuba|
|Incumbent Miguel Díaz-Canel since 19 April 2018|
|Council of State|
|Style||Mr. President (Informal) His Excellency (In international correspondence)|
|Status||Head of state Head of government|
After Cuba lost Soviet subsidies in 1991, malnutrition resulted in an outbreak of diseases. Despite this, the poverty level reported by the government is one of the lowest in the developing world, ranking 6th out of 108 countries, 4th in Latin America and 48th among all countries.
|Total population||97% Ranked 48th.|
|Primary education , duration > Years||6 Ranked 57th. The same as United States|
|Primary education , teachers per 1000||7.87 Ranked 9th. 43% more than United States|
|Pupil-teacher ratio, primary||9.06 Ranked 72nd.|
US government-funded Freedom House classifies Cuba as being “Not Free”, and notes that “Cuba is the only country in the Americas that consistently makes Freedom House’s list of the Worst of the Worst: the World’s Most Repressive Societies for widespread abuses of political rights and civil liberties.” In the 2017
It was established in 1898, when the United States took control of Cuba from Spain following the Spanish–American War. The United States used Guantanamo Bay as a processing center for asylum-seekers and as a camp for HIV-positive refugees in the 1990s.
Cuba is a country of undeniable enchantment with its butter-soft balmy beaches, lush green countryside, and colorful colonial cities, which crawl with 1950s Cadillacs and overflow with the scent of rum and cigar smoke.
|Assumed office 10 October 2019|
|Prime Minister||Manuel Marrero|
|Vice President||Salvador Valdés Mesa|
|Leader||Raúl Castro (First Secretary of the Communist Party)|
Tropical fruits Plantains and bananas account for 47% and 24% of the local production respectively. Both are only produced for domestic consumption. Other tropical fruits produced in Cuba are mango , Papaya , Mamey Sapote , pineapple, avocado, guava , coconut, and annonaceae (custard apple family).
Mining and Natural Resources Cuba is one of the world’s largest producers of nickel. Among its other mining resources are large deposits of iron ore and copper. Gold, silver, chromium, and cobalt are also mined.
In the process, refined fuels vied with sugar to be Cuba’s top export . Nickel and other minerals, pharmaceutical products, tobacco (notably cigars), and beverages along with food and food products (including fish and citrus fruits) are also important exports.