Economy

Cuba Cuba’s Economy The Basics -Cuba produces sugarcane, tobacco, coffee, rice, grain, vegetables, and citrus fruits. Their largest source of revenue is from sugarcane production.

-Cuba uses Pesos as their main currency rate

-Cuba’s main trading partners are Canada and Mexico

The Advanced Cuba’s economy crashed after the Soviet Union collapsed because they depended heavily on trade with them. Cuba’s economy is now falling. They have housing shortages and are allowed to build their own houses. This is supposed to help the economy. Sugar was one of Cuba’s main exports but in 2002 more than half of Cuba’s sugar mills were shut down due to different causes. Their economy is weak and they are trying to let people have more private lives in an attempt to save the government.