Cuba vs Panama: Final consumption expenditure
Final consumption expenditure over time
- Cuba
- Panama
How they compare
Panama currently reports 50.60 billion constant LCU against 42.75 billion constant LCU in Cuba, a difference of 7.85 billion constant LCU.
That makes Panama's figure about 1.2 times Cuba's.
The two have swapped places 1 time across 29 shared years of data; in 1996 it was Cuba ahead.
Cuba ranks 137th and Panama ranks 136th of 176 countries.
Across the 4 decades both report, Cuba averaged higher in 3 and Panama in 1.
Head to head by decade
| Decade | Cuba | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 22.62 billion constant LCU | 14.19 billion constant LCU | 8.43 billion constant LCU | Cuba |
| 2000s | 30.25 billion constant LCU | 21.31 billion constant LCU | 8.94 billion constant LCU | Cuba |
| 2010s | 42.53 billion constant LCU | 35.00 billion constant LCU | 7.52 billion constant LCU | Cuba |
| 2020s | 43.44 billion constant LCU | 45.80 billion constant LCU | 2.37 billion constant LCU | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, Cuba or Panama?
- Panama, at 50.60 billion constant LCU against 42.75 billion constant LCU in Cuba as of 2024.
- What is the difference in final consumption expenditure between Cuba and Panama?
- 7.85 billion constant LCU, with Panama ahead.
- How many years of comparable data are there for Cuba and Panama?
- 29 years are reported by both, from 1996 to 2024.
- How do Cuba and Panama rank globally for final consumption expenditure?
- Cuba ranks 137th and Panama ranks 136th of 176 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Final consumption expenditure (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.