Economy of Cuba
economy of the country
Cuba has a developing command economy dominated by state-run enterprises. The Communist Party of Cuba maintains high levels of public sector control and exerts significant influence over the Cuban economy. The island has a low cost of living, inexpensive public transport, as well as subsidized education, healthcare, and food. Cuba's economic growth has historically been weak due to high labour emigration, import dependency, an ongoing energy crisis, foreign trade sanctions, and limited tourism in Cuba. Cuba is one of the poorest countries in Latin America and the Caribbean with high inflation, food shortages, and extreme poverty. It is heavily indebted due to its large public sector and high deficit spending, with a global sovereign debt burden.
In the 19th century, Cuba was one of the most prosperous pre-industrial Latin American countries with the export of tobacco, sugar, and coffee. At the Cuban Revolution of 1953–1959, during the military dictatorship of Fulgencio Batista, Cuba was on a growth trajectory within Latin America. During the Cold War, the Cuban economy was heavily subsidized – 10% to 40% of Cuban GDP in various years – by the Eastern Bloc, due to their geopolitical alignment with the Soviet Union. Cuba endured severe economic downturn when the Soviet Union collapsed, with GDP declining 33% between 1990 and 1993.
The public source identifies “Economy of Cuba” as economy of the country. This brief keeps that definition visible, then builds a research path around Economy, Cuba and economy.
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Vocabulary and entity names are the principal evidence signals here, because they determine the precision of every later search. The source revision retrieved here is dated Sep 24, 2026. The linked authority identifier is Q751025. None of the 0 selected statements returned an explicit reference. The first chronological checks are 1953, 1959, 1990 and 1993.
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This entry incorporates text from “Economy of Cuba” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.