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- Economy_of_Cuba abstract "The economy of Cuba is a centrally planned economy dominated by state-run enterprises overseen by the Cuban government, though there remains significant foreign investment and personal enterprise in Cuba. Most of the means of production are owned and run by the government, and most of the labor force is employed by the state, although in recent years, the formation of cooperatives and self-employment has been encouraged by the Communist Party.In the year 2000, public sector employment was 76% and private sector, mainly composed by personal property, employment was 23% compared to the 1981 ratio of 91% to 8%. Capital investment is restricted and requires approval by the government. The Cuban government sets most prices and rations goods to citizens. In 2009, Cuba ranked 51st out of 182 with an HDI of 0.863; remarkably high considering its GDP per capita only places it 95th. Public services and transportation in Cuba, however, are second-rate compared to more developed counterparts on the mainland. In 2012, the country's public debt was measured at 35.3% of GDP. At the same time, inflation (CDP) was ranked at 5.5%. Furthermore, in the same year, the economy encountered a 3% growth in GDP.Before Fidel Castro's 1959 revolution, Cuba's capital, Havana, was a "glittering and dynamic city". The country's economy in the early part of the century, fueled by the sale of sugar to the United States, had grown dynamically. Cuba ranked 5th in per capita income in the hemisphere, 3rd in life expectancy, 2nd in per capita ownership of automobiles and telephones, and 1st in the number of television sets per inhabitant. Cuba's literacy rate, 76%, was the fourth highest in Latin America. Cuba also ranked 11th in the world in the number of doctors per capita. Several private clinics and hospitals provided services for the poor. Cuba's income distribution compared favorably with that of other Latin American societies. A thriving middle class, according to PBS, held the promise of prosperity and social mobility.Cuba had a vibrant but extremely unequal economy, with large capital outflows to foreign investors. The country compared favourably with Spain and Portugal on socioeconomic measures. Furthermore, its income in 1929 was reportedly 41% of the US, thus higher than in some Southern states of the US, such as Mississippi and South Carolina The country has made significant progress towards a more even distribution of income since the Revolution and being placed under economic embargo by the United States. Following the collapse of the Soviet Union, Cuba's GDP declined by 33% between 1990 and 1993, partially due to loss of Soviet subsidies and to a crash in sugar prices in the early 1990s. Yet Cuba has managed to retain high levels of healthcare and education.Housing and transportation costs are low and Cubans receive free education, health care, and food subsidies. Corruption is common, although allegedly lower than in most other countries in Latin America. In the book, Corruption in Cuba, Sergio Diaz-Briquets and Jorge F. Pérez-López Servando state that Cuba has "institutionalized" corruption and that state-run monopolies, cronyism, and lack of accountability have made Cuba one of the world's most corrupt states".".
- Economy_of_Cuba thumbnail Hotel_Nacional_y_Malecon_de_La_Habana.jpg?width=300.
- Economy_of_Cuba wikiPageExternalLink 0,8599,1223316,00.html.
- Economy_of_Cuba wikiPageExternalLink CUBA.pdf.
- Economy_of_Cuba wikiPageExternalLink 552494.
- Economy_of_Cuba wikiPageExternalLink 552531.
- Economy_of_Cuba wikiPageExternalLink historical-returns-investing-calculator.aspx..
- Economy_of_Cuba wikiPageExternalLink www.ceec.uh.cu.
- Economy_of_Cuba wikiPageExternalLink horizontal-file_02-2010.xls.
- Economy_of_Cuba wikiPageExternalLink Panorama2010.pdf.
- Economy_of_Cuba wikiPageID "5588".
- Economy_of_Cuba wikiPageRevisionID "645094165".
- Economy_of_Cuba aid "8.78E7".
- Economy_of_Cuba caption "Skyline of Havana".
- Economy_of_Cuba country "Cuba".
- Economy_of_Cuba currency "Cuban peso = 100 centavos and Cuban Convertible Peso = 24 CUP".
- Economy_of_Cuba date "May 2013".
- Economy_of_Cuba debt "$19.44 billion ; another $20.8 billion owed to Russia, $0.9 billion owed to Romania and $0.2 billion owed to Hungary".
- Economy_of_Cuba expenses "3.673E10".
- Economy_of_Cuba exportGoods "sugar, medical products, nickel, tobacco, shellfish, citrus, coffee".
- Economy_of_Cuba exportPartners "12.7".
- Economy_of_Cuba exportPartners "16.6".
- Economy_of_Cuba exportPartners "17.3".
- Economy_of_Cuba exportPartners "5.8".
- Economy_of_Cuba exportPartners "8.8".
- Economy_of_Cuba exports "$2.458 billion f.o.b.".
- Economy_of_Cuba gdp "$72.3 billion $121 billion".
- Economy_of_Cuba gdpRank "66".
- Economy_of_Cuba growth "2.7".
- Economy_of_Cuba hasPhotoCollection Economy_of_Cuba.
- Economy_of_Cuba importGoods "petroleum, food, machinery and equipment, chemicals".
- Economy_of_Cuba importPartners "10.5".
- Economy_of_Cuba importPartners "36.4".
- Economy_of_Cuba importPartners "4.2".
- Economy_of_Cuba importPartners "5.1".
- Economy_of_Cuba importPartners "8.7".
- Economy_of_Cuba imports "$8.963 billion f.o.b.".
- Economy_of_Cuba industries "Sugar, petroleum, tobacco, construction, nickel, steel, cement, agricultural machinery, pharmaceuticals".
- Economy_of_Cuba inflation "1.5".
- Economy_of_Cuba labor "5159000".
- Economy_of_Cuba occupations "Agriculture: 20%, industry: 19.4%, services: 60.6%".
- Economy_of_Cuba perCapita "10200.0".
- Economy_of_Cuba poverty "1.5".
- Economy_of_Cuba reason "until when?".
- Economy_of_Cuba revenue "3.501E10".
- Economy_of_Cuba sectors "Agriculture: 4.3%, industry: 21.6%, services: 74%".
- Economy_of_Cuba spelling "US".
- Economy_of_Cuba unemployment "3.8".
- Economy_of_Cuba width "270".
- Economy_of_Cuba year "yes".
- Economy_of_Cuba subject Category:Economy_of_Cuba.
- Economy_of_Cuba subject Category:World_Trade_Organization_member_economies.
- Economy_of_Cuba comment "The economy of Cuba is a centrally planned economy dominated by state-run enterprises overseen by the Cuban government, though there remains significant foreign investment and personal enterprise in Cuba.".
- Economy_of_Cuba label "Economia de Cuba".
- Economy_of_Cuba label "Economia de Cuba".
- Economy_of_Cuba label "Economy of Cuba".
- Economy_of_Cuba label "Economía de Cuba".
- Economy_of_Cuba label "Wirtschaft Kubas".
- Economy_of_Cuba label "Économie de Cuba".
- Economy_of_Cuba label "Экономика Кубы".
- Economy_of_Cuba sameAs Wirtschaft_Kubas.
- Economy_of_Cuba sameAs Economía_de_Cuba.
- Economy_of_Cuba sameAs Économie_de_Cuba.
- Economy_of_Cuba sameAs Economia_de_Cuba.
- Economy_of_Cuba sameAs m.01pnm.
- Economy_of_Cuba sameAs Q751025.
- Economy_of_Cuba sameAs Q751025.
- Economy_of_Cuba wasDerivedFrom Economy_of_Cuba?oldid=645094165.
- Economy_of_Cuba depiction Hotel_Nacional_y_Malecon_de_La_Habana.jpg.
- Economy_of_Cuba isPrimaryTopicOf Economy_of_Cuba.