Cuba is in Trouble

Cuba’s population is 11 million. Poverty is 60%. Government pay is $20 per month. Average salary is $30 per month, Utilities cost $12 per month. Rent is $68 per month. Eggs are 54 cents per dozen and Bread is 48 cents a loaf.

Exports were $1.41 billion in 2017.

Sugar $514 million

Tobacco $264 million

Nickel $140 million

Liquor $109 million

Crustaceans $78.1 million

Exports in 2017 sold to

China $379 million

Spain $184 million

Germany $82.3 million

Indonesia $55.4 million

Singapore $52.4 million

Exports in 2015 sold to

Venezuela 33.5%

Canada 15.9%

China 9.5%

Imports were $6.21 billion in 2017

Poultry $246 million

Refined Petrol $243 million

Crude Oil $208 million

Wheat $176 million

Milk $164 million

Imports in 2017 purchased from

China $1.35 billion

Spain $1.01 billion

Mexico $356 million

Algeria $353 million

Brazil $345 million

In 2017, Cuban government revenue was $54.52 billion and spending was $64.64 billion.

Cuba needs to grow its own wheat, milk and poultry to save $586 million on its trade balance. Cuba will lose revenue as tourism dries up. Cuba was promising that farmers would be able to buy their own land, but that hasn’t happened. Cuba’s trade balance is negative. They import $6.2 billion and export $1.41 billion.

https://en.wikipedia.org/wiki/Economy_of_Cuba

https://borgenproject.org/what-is-the-poverty-rate-in-cuba/

Norb Leahy, Dunwoody GA Tea Party Leader