alance 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 in 2004 strengthened its
controls over dollars coming into the economy from tourism,
remittances, and trade.
GDP (purchasing power parity):
$33.92 billion (2004 est.)
GDP - real growth rate:
3% (2004 est.)
GDP - per capita:
purchasing power parity - $3,000 (2004 est.)
GDP - composition by sector:
agriculture: 6.6%
industry: 25.5%
services: 67.9% (2004 est.)
Labor force:
4.55 million
note: state sector 78%, non-state sector 22% (2004 est.)
Labor force - by occupation:
agriculture 24%, industry 25%, services 51% (1999)
Unemployment rate:
2.5% (2004 est.)
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
3.1% (2004 est.)
Investment (gross fixed):
11.2% of GDP (2004 est.)
Budget:
revenues: $18.01 billion
expenditures: $19.06 billion, including capital expenditures of NA
(2004 est.)
Agriculture - products:
sugar, tobacco, citrus, coffee, rice, potatoes, beans; livestock
Industries:
sugar, petroleum, tobacco, construction, nickel, steel, cement,
agricultural machinery, pharmaceuticals
Industrial production growth rate:
1.4% (2004 est.)
Electricity - production:
14.41 billion kWh (2002)
Electricity - production by source:
fossil fuel: 93.9%
hydro: 0.6%
nuclear: 0%
other: 5.4% (2001)
Electricity - consumption:
13.4 billion kWh (2002)
Electricity - exports:
0 kWh (2002)
Electricity - imports:
0 kWh (2002)
Oil - production:
77,900 bbl/day (2004 est.)
Oil - consumption:
163,000 bbl/day (2001 est.)
Oil - exports:
NA
Oil - imports:
NA
Oil - proved reserves:
532 million bbl (1 January 2002)
Natural gas - production:
600 million cu m (2001 est.)
Natural gas - consumption:
600 million cu m (2001 est.)
Natural gas - expo
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