verage Cuban's standard of living remains at a
lower level than before the downturn of the 1990s, which was caused
by the loss of Soviet aid and domestic inefficiencies. Since late
2000, Venezuela has been providing oil on preferential terms, and it
currently supplies about 100,000 barrels per day of petroleum
products. Cuba has been paying for the oil, in part, with the
services of Cuban personnel in Venezuela, including some 20,000
medical professionals. In 2007, high metals prices continued to
boost Cuban earnings from nickel and cobalt production. Havana
continued to invest in the country's energy sector to mitigate
electrical blackouts that had plagued the country since 2004.

GDP (purchasing power parity):

$125.5 billion (2007 est.)

GDP (official exchange rate):

$45.58 billion (2007 est.)

GDP - real growth rate:

6.5% (2007 est.)

GDP - per capita (PPP):

$11,000 (2007 est.)

GDP - composition by sector:

agriculture: 5.2%
industry: 25%
services: 69.8% (2007 est.)

Labor force:

4.956 million
note: state sector 78%, non-state sector 22% (2007 est.)

Labor force - by occupation:

agriculture: 20%
industry: 19.4%
services: 60.6% (2005)

Unemployment rate:

1.8% (2007 est.)

Population below poverty line:

NA%

Household income or consumption by percentage share:

lowest 10%: NA%
highest 10%: NA%

Investment (gross fixed):

13.1% of GDP (2007 est.)

Budget:

revenues: $41.84 billion
expenditures: $43.9 billion (2007 est.)

Fiscal year:

calendar year

Public debt:

36.8% of GDP (2007 est.)

Inflation rate (consumer prices):

3.1% (2007 est.)

Central bank discount rate:

NA

Commercial bank prime lending rate:

NA

Stock of money:

NA

Stock of quasi money:

NA

Stock of domestic credit:

NA

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:

2.5% (2007 est.)

Electricity - production:

16.97 billion kWh (2007 est.)

Electricity - consumption:

14.02 billion kWh (2007 est.)

Electricity - exports:

0 kWh (2007 est.)

Electricity - imports:

0 kWh (2007 est.)

Electricity - production by source:

fossil fuel: 93.9%
hydro: 0.6%
nuclear: 0%
other: 5.4% (2001)

Oil - produc