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Economy Intro Profile for Cuba
Flag of Cuba Cuba
Population: 11,308,764 (July 2004 est.)
Capital: Havana
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Backgrounds: Cuba Economy Intro

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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Data Source: Central Intelligence Agency 2004 World Factbook