>>1842765>Failed to industrialise on their own like dprk In 2022, agriculture contributed around 0.8 percent to the GDP of Cuba, 23.77 percent came from the industry and 74.61 percent from the services sector.
https://www.statista.com/statistics/388566/cuba-gdp-distribution-across-economic-sectors/#:~:text=In%202022%2C%20agriculture%20contributed%20around,percent%20from%20the%20services%20sector.
In comparison, the US in 2016 had GDP by sector, the following data:Agriculture: 0.9%, Industry:18.9%, Services: 80.2%
China, in 2023, had: Agriculture: 7.1%, Industry: 38.3%, Services: 54.6%
Cuba has an "Upper Middle Income", and is considered a "developing economy", with near 0 unemployment and still has a growing GDP and GDP per capita.
If you go to
https://www.populationpyramid.net/cuba/2020/ , you will see that the population is increasingly aging, just like in any other developed nation, and this inevitably will lead to slower economic growth. You can see today that the population of cuba is not increasing since 2017, and is growing smaller and smaller by the year.
There is no way a nation that is sanctioned by the US, has still to deal with the aftermath of covid, is dealing with extreme CIA pressure and protests to disrupt the nation government, to have a "good time". Still, GDP per capita is increasing.
The Gross Domestic Product per capita in Cuba was last recorded at 21046.65 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Cuba, when adjusted by Purchasing Power Parity is equivalent to 118 percent of the world's average.
source: World BankPost too long. Click here to view the full text.