Cuba Economic information

Cuba is an island country located in the Caribbean. Cuba, which adopted a socialist form of government as a result of the revolution in 1959, also follows these policies economically. Therefore, the role of the state in the economy is quite large. The Cuban economy focuses on sectors such as agriculture, tourism, healthcare and biotechnology. The agricultural sector plays an important role in meeting the basic food needs of the country. Cuba has an important position in the production of products such as sugar cane, tobacco, coffee, bananas, citrus fruits and fruits. Tourism is an important source of income for the Cuban economy. Features such as the country's beautiful beaches, historical and cultural heritage, salsa music and dance make it attractive for tourists. Cuba hosts millions of tourists annually. Healthcare is one of Cuba's largest export sectors. Cuba generates income by sending doctors, nurses and medical personnel abroad. Cuba's healthcare system is globally recognized and offers free healthcare. Biotechnology has become an important sector in Cuba in recent years. The country carries out various research and development studies in the field of drugs, vaccines, biological products, genetic engineering and biotechnology. This sector contributes to Cuba's export revenues. The Cuban economy is facing difficulties due to the economic embargo imposed by the United States. The embargo causes restrictions on Cuba's foreign trade and negatively affects the country's economic growth. However, Cuba aims to diversify its economy by trying to improve its trade relations with other countries.