Economy of Cuba
The economy of Cuba is primarily state-controlled, with the government owning most industries and businesses. Key sectors include tourism, healthcare, and agriculture, with sugar and tobacco being significant exports. The economy has faced challenges due to the U.S. embargo and limited access to international markets.
In recent years, Cuba has implemented some economic reforms to encourage private enterprise and foreign investment. Despite these changes, the country continues to struggle with issues like inflation, shortages of goods, and a dual currency system that complicates economic transactions.