+ 11 million
consumers live in Cuba. The Cuban state claims to
adhere to socialist principles in organizing its largely state-controlled planned economy.
Cuba is ranked 11th in the world in the number of doctors per capita. According to PBS, a thriving middle
class held the promise of prosperity and social mobility.
Cuba's
natural resources include sugar, tobacco, fish, citrus
fruits, coffee, beans, rice, potatoes, and
livestock. The output of Cuba's nickel mines that year was 71,000 tons,
approaching 4% of world production. As
of 2013 its reserves were estimated at 5.5 million tons, over 7% of the
world total.
Sherritt International of Canada
operates a large nickel mining facility in Moa. Cuba is also a major producer
of refined cobalt, a by-product of nickel mining.
Oil
exploration in 2005 by the US Geological Survey revealed
that the North Cuba Basin could produce about 4.6 billion barrels
(730,000,000 m3) to 9.3 billion barrels (1.48×109 m3)
of oil. In 2006, Cuba started to
test-drill these locations for possible exploitation.
Cuba has
tripled its market share of Caribbean tourism in the
last decade; as a result of significant investment in tourism infrastructure,
this growth rate is predicted to continue. 1.9
million tourists visited Cuba in 2003, predominantly from Canada and the
European Union, generating revenue of US$2.1 billion. Cuba recorded 2,688,000 international tourists in 2011, the
third-highest figure in the Caribbean (behind the Dominican Republic and Puerto
Rico).
The medical
tourism sector caters to thousands of European, Latin American, Canadian, and
American consumers every year.

Comments
Post a Comment