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How Cuba makes and spends its money

Colorful Cuba
Cuba's GDP
One country, two currencies
One country, two currencies
Small salaries, secretive statistics
Small salaries, secretive statistics
Top-notch healthcare
Education for all
Unemployment in paradise
Public vs private
Tourism
Oil and sugar
Working the land
Food security
Cuba's top imports
Cuba's top exports
Cuba's top exports
US sanctions
Smoke and mirrors
Relationship with Venezuela
State budget breakdown
Baseball and ballet
Heavy weapons
Bills for Guantánamo Bay
Settling its debts
Death of a General
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Hang Dinh/ Shutterstock

Colorful Cuba

In a 2017 presidential memorandum, the Trump administration claimed that Cuba played "a destabilizing role in the Western Hemisphere". According to US Treasury Secretary Steven Mnuchin, the country provides "a communist foothold in the region and [props] up US adversaries in places like Venezuela and Nicaragua".

Admittedly, the Caribbean nation has a past as colorful as its iconic architecture. But how much do you know about its economy?

As the sudden death of one of its most powerful figures plunges the country into uncertainty, read on to discover the surprising ways Cuba makes and spends its money. All dollar figures in US dollars, unless otherwise stated.

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Alice Cattley

31 July 2022

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