tion:

61,300 bbl/day (2008 est.)

Oil - consumption:

203,500 bbl/day (2006 est.)

Oil - exports:

0 bbl/day (2006)

Oil - imports:

123,200 bbl/day (2005)

Oil - proved reserves:

124 million bbl (1 January 2008 est.)

Natural gas - production:

1.058 billion cu m (2006)

Natural gas - consumption:

1.058 billion cu m (2006)

Natural gas - exports:

0 cu m (2007 est.)

Natural gas - imports:

0 cu m (2007 est.)

Natural gas - proved reserves:

70.79 billion cu m (1 January 2008 est.)

Current account balance:

$240 million (2007 est.)

Exports:

$3.734 billion f.o.b. (2007 est.)

Exports - commodities:

sugar, nickel, tobacco, fish, medical products, citrus, coffee

Exports - partners:

China 27.5%, Canada 26.9%, Netherlands 11.1%, Spain 4.7% (2007)

Imports:

$10.08 billion f.o.b. (2007 est.)

Imports - commodities:

petroleum, food, machinery and equipment, chemicals

Imports - partners:

Venezuela 29.6%, China 13.4%, Spain 10.4%, Canada 6%, US 5.1% (2007)

Economic aid - recipient:

$87.8 million (2005 est.)

Reserves of foreign exchange and gold:

$4.247 billion (31 December 2007 est.)

Debt - external:

$16.79 billion (convertible currency); another $15-20 billion owed
to Russia (31 December 2007 est.)

Stock of direct foreign investment - at home:

$11.24 billion (2006 est.)

Stock of direct foreign investment - abroad:

$4.138 billion (2006 est.)

Currency (code):

Cuban peso (CUP) and Convertible peso (CUC)

Currency code:

CUP (nonconvertible Cuban peso) and CUC (convertible Cuban peso)

Exchange rates:

Cuban pesos (CUP) per US dollar - 0.9259 (2007), 0.9231 (2006)
note: Cuba has two currencies in circulation: the Cuban peso (CUP)
and the convertible peso (CUC); in April 2005 the official exchange
rate changed from $1 per CUC to $1.08 per CUC (0.93 CUC per $1),
both for individuals and enterprises; individuals can buy 24 Cuban
pesos (CUP) for each CUC sold, or sell 25 Cuban pesos for each CUC
bought; enterprises, however, must exchange CUP and CUC at a 1:1
ratio.

Communications
Cuba

Telephones - main lines in use:

1.043 million (2007)

Telephones - mobile cellular:

198,300 (2007)

Telephone system:

general assessment: greater investment beginning in 1994 and the
establishment of a new Ministry of Information Technology and
Communications in 2000 has resulted in