Cuba

The Economy of Cuba

Cuba

The Economy of Cuba

What kind of economy does Cuba have?

Cuba has a planned economy, that is overseen and controlled by the government. This is an example of a communistic economy. The USA and Cuba have very different economies. Cuba doesn't have the best economy, they are ranked 177 out of all countries in economic freedom.

What are Cuba's buying and selling habits?

Cuba's main imports are machines, foods, and fuel. Cuba's main exports are tobacco, refined fuels, sugar, nickel, and pharmaceuticals.

What makes Cuba different than the USA?

Cuba apparently has a vaccine for lung cancer, and Cuban cigars, and Cuban products that aren't imported to the USA