07.+Economy

Economy

**Cuban economy**

-In Cuba they use the peso as their main form of currency -Labor force by occupation: 20% agriculture, 19.4% industry, 60.6%services -Unemployment rate: 1.6% -Cuba’s main export is sugar. They use sugar cane to make molasses which is crystallized into pure white sugar -Agricultural products include sugarcane, tobacco, citrus fruits, coffee, rice, potatoes, beans, and livestock -Manufactured products include petroleum (the most important), cigars and cigarettes, chemicals, cement, mahogany lumber, agricultural machinery, textiles, and shoes -Maintaining a healthy economy has been the primary challenge for post revolutionary Cuba




 * Haitian economy **

-Poorest country in the western hemisphere -Labor force by occupation: 66% agriculture, 9% industry, 25% services -80% of the population is in poverty -Agriculture products: coffee, mangoes, sugarcane, rice, corn, sorghum, and wood -Industries: sugar refining, flour milling, textiles, and cement -Current account balance is -$566 million