Cuba vs Venezuela: Final consumption expenditure
Final consumption expenditure over time
- Cuba
- Venezuela
How they compare
Cuba currently reports 96.05 billion current US$ against 88.98 billion current US$ in Venezuela, a difference of 7.07 billion current US$.
That makes Cuba's figure about 1.1 times Venezuela's.
The two have swapped places 3 times across 51 shared years of data; in 1970 it was Venezuela ahead.
Cuba ranks 67th and Venezuela ranks 68th of 188 countries.
Across the 6 decades both report, Cuba averaged higher in 3 and Venezuela in 3.
Head to head by decade
| Decade | Cuba | Venezuela | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 10.41 billion current US$ | 19.06 billion current US$ | 8.65 billion current US$ | Venezuela |
| 1980s | 20.32 billion current US$ | 46.14 billion current US$ | 25.82 billion current US$ | Venezuela |
| 1990s | 23.88 billion current US$ | 3.32 billion current US$ | 20.56 billion current US$ | Cuba |
| 2000s | 38.26 billion current US$ | 0 current US$ | 38.26 billion current US$ | Cuba |
| 2010s | 72.90 billion current US$ | 90.17 billion current US$ | 17.27 billion current US$ | Venezuela |
| 2020s | 96.05 billion current US$ | 38.93 billion current US$ | 57.12 billion current US$ | Cuba |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher final consumption expenditure, Cuba or Venezuela?
- Cuba, at 96.05 billion current US$ against 88.98 billion current US$ in Venezuela as of 2020.
- What is the difference in final consumption expenditure between Cuba and Venezuela?
- 7.07 billion current US$, with Cuba ahead.
- How many years of comparable data are there for Cuba and Venezuela?
- 51 years are reported by both, from 1970 to 2020.
- How do Cuba and Venezuela rank globally for final consumption expenditure?
- Cuba ranks 67th and Venezuela ranks 68th of 188 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Final consumption expenditure (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.