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The economy of Cuba is a largely state-controlled, centrally planned economy overseen by the Cuban government, though there remains significant foreign investment and private enterprise in Cuba. Most of the means of production are owned and run by the government, and most of the labor force is employed by the state. In the year 2000, public sector employment was 76% and private sector employment was 23% compared to the 1981 ratio of 91% to 8%. Capital investment is restricted and requires approval by the government. The Cuban government sets most prices and rations goods to citizens. In 2009, Cuba ranked 51st out of 182 countries on the Human Development Index with an HDI of 0.863; remarkably high considering its GDP per capita only places it 95th. Cuba also significantly outperforms the rest of Latin America in terms of infant and child mortality, morbidity, educational attainment and an array of other social and health indicators.
Economy_of_cuba Photo List