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Cuba, Countries by TradeCuba, Countries by Trade


The usual images that many tourists have before going to this country is it may be a very dangerous place and one shoudno visit it.But only if one explores this country will ne know actually what the country has to offer.Once you get under the veneer of Havana, it is a truth that surprised me about Cuba: it's a country of paradoxes and ironies with conflicting political and economic policies; its people are very warm and friendly and its people are resilient, warm, open and genuine, despite the clear and obvious struggles they have in daily life; and their culture is homogeneous, despite its multiracial ethnicity.

Business and Economy

The government of Cuba is always on a continuous effort trying to balance the need for economic loosening against a desire for firm political control.The political control on this country has been quite a lot and the government has been trying its best to come over that and give the best to the citizens of this country. It has undertaken limited reforms to increase enterprise efficiency and alleviate serious shortages of food, consumer goods, and services. The resources that they have are mainly agriculture and that includes the manufacture of sugar and the sugar industries are very famous and this country is therefore known as “The Sugar Bowl of the world”

Major Cities

The major cities of Cuba are La Habana ,Santiago de Cuba ,Camagüey ,Holguín ,Guantánamo ,Santa Clara ,Bayamo ,Pinar del Rio,Cienfuegos ,Las Tunas ,Matanzas ,Sancti Spíritus ,Manzanillo,Ciego de Ávila ,Palma Soriano

Fact Sheet

GDP-purchasing power parity - $31.59 billion (2003 est.)
GDP - real growth rate: 1.3% (2003 est.)
GDP - per capita: purchasing power parity - $2,800 (2003 est.)
GDP - composition by sector: agriculture: 7.6%
industry: 34.5%
services: 57.9% (2001 est.)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 5% (2003 est.)
Labor force: 4.3 million
Labor force - by occupation: agriculture 24%, industry 25%, services 51% (1999)
Unemployment rate: 3.2% (2003 est.)
Budget: revenues: $14.9 billion
expenditures: $15.6 billion, including capital expenditures of $NA (2000 est.)
Industries: sugar, petroleum, tobacco, construction, nickel, steel, cement, agricultural machinery, pharmaceuticals
Agriculture - products: sugar, tobacco, citrus, coffee, rice, potatoes, beans; livestock
Exports: $1.467 billion f.o.b. (2003 est.)
Exports - commodities: sugar, nickel, tobacco, fish, medical products, citrus, coffee
Exports - partners: Netherlands 18.5%, Russia 17.5%, Canada 13.8%, Spain 9.2%, China 7% (2002)
Imports: $4.531 billion f.o.b. (2003 est.)
Imports - commodities: petroleum, food, machinery and equipment, chemicals
Imports - partners: Spain 16.3%, China 11.3%, Venezuela 11.1%, Italy 8.6%, France 7.2%, Canada 5.9%, US 5.3%, Mexico 4.7% (2002)
Debt - external: $13.2 billion (convertible currency); another $15 billion -$20 billion owed to Russia (2003 est.)
Economic aid - recipient: $68.2 million (1997 est.)
Currency: Cuban peso (CUP)
Currency code: CUP
Exchange rates: Cuban pesos per US dollar - 1.0000 (nonconvertible, official rate, for international transactions, pegged to the US dollar); convertible peso sold for domestic use at a rate of 27 pesos per US dollar by the Government of Cuba (2002)
Fiscal year: calendar year

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