Cuba is an island country located in the Caribbean Sea. It is east of the Yucatán Peninsula (Mexico), south of both the U.S. state of Florida and the Bahamas, west of Haiti, and north of both Jamaica and the Cayman Islands. Havana is the capital of Cuba and its largest city. The official language of Cuba is Spanish.
The Cuban economy is primarily a mixed economy with state-run enterprises and private businesses. The country's socialist economic system is based on the Soviet model, with heavy reliance on centrally planned state enterprises. In recent years, however, Cuba has been gradually reforming its economy, with more emphasis on private enterprise and foreign investment.
Since the collapse of the Soviet Union in 1991, Cuba has been facing economic hardships. The country's socialist economic system is no longer able to provide the same level of subsidies and support that it once did. In addition, the U.S. trade embargo has further hurt the Cuban economy.
Despite the economic difficulties, Cuba remains a popular tourist destination. The country's beaches, colonial architecture, and vibrant culture attract visitors from all over the world.
137.00 billion US dollars