Final consumption expenditure in Cuba
Cuba: Final consumption expenditure was -2.0% in 2024. ◆ Volatile
Final consumption expenditure in Cuba, 1971–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2024, final consumption expenditure in Cuba stood at -2.0%.
The figure is down 6.6% on the previous year and down 172.5% over ten years.
Over the whole period, final consumption expenditure in Cuba peaked at 19.5% in 1981 and was at its lowest, -13.9%, in 1992.
That places Cuba 167th out of 176 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Cuba, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 8.6% | — |
| 1972 | 4.8% | -43.7% |
| 1973 | 3.4% | -28.7% |
| 1974 | 1.0% | -70.8% |
| 1975 | 9.5% | +841.9% |
| 1976 | 5.4% | -43.1% |
| 1977 | 8.7% | +62.3% |
| 1978 | 6.6% | -23.9% |
| 1979 | 1.2% | -82.4% |
| 1980 | -5.0% | -531.7% |
| 1981 | 19.5% | -486.3% |
| 1982 | 9.3% | -52.2% |
| 1983 | 5.6% | -40.1% |
| 1984 | 8.2% | +46.4% |
| 1985 | -0.1% | -100.8% |
| 1986 | 0.2% | -365.6% |
| 1987 | 0.6% | +254.2% |
| 1988 | 2.8% | +375.4% |
| 1989 | 1.2% | -56.9% |
| 1990 | -4.8% | -490.3% |
| 1991 | -10.3% | +116.6% |
| 1992 | -13.9% | +35.0% |
| 1993 | -7.8% | -43.9% |
| 1994 | 2.9% | -136.8% |
| 1995 | 0.7% | -74.2% |
| 1996 | 4.0% | +438.0% |
| 1997 | 2.4% | -39.2% |
| 1998 | 1.3% | -44.6% |
| 1999 | 5.1% | +280.8% |
| 2000 | 2.4% | -53.5% |
| 2001 | 3.7% | +53.8% |
| 2002 | 2.7% | -25.2% |
| 2003 | 6.5% | +138.8% |
| 2004 | 3.7% | -43.3% |
| 2005 | 3.6% | -2.5% |
| 2006 | 15.0% | +314.6% |
| 2007 | 4.4% | -70.6% |
| 2008 | -0.3% | -106.6% |
| 2009 | 1.2% | -509.3% |
| 2010 | 5.9% | +394.8% |
| 2011 | 0.5% | -91.1% |
| 2012 | 1.9% | +270.6% |
| 2013 | 3.7% | +91.0% |
| 2014 | 2.8% | -24.3% |
| 2015 | 5.1% | +81.7% |
| 2016 | 2.9% | -43.8% |
| 2017 | 1.8% | -36.8% |
| 2018 | 2.0% | +8.8% |
| 2019 | 0.5% | -75.3% |
| 2020 | -9.1% | -1963.0% |
| 2021 | 2.4% | -126.5% |
| 2022 | 1.9% | -22.2% |
| 2023 | -1.9% | -202.0% |
| 2024 | -2.0% | +6.6% |
Cuba compared with similar countries
- Cuba's -2.0% is below the median for upper middle income countries, which is 4.0%. (48 countries reporting)
- Cuba's -2.0% is below the median for Latin America & Caribbean, which is 2.8%. (24 countries reporting)
Biggest year-on-year movements
Years where Final consumption expenditure in Cuba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -1963.0% | 0.5% | -9.1% |
| 1975 | +841.9% | 1.0% | 9.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.5% | 1.0% | 9.5% | 9 |
| 1980s | 4.2% | -5.0% | 19.5% | 10 |
| 1990s | -2.0% | -13.9% | 5.1% | 10 |
| 2000s | 4.3% | -0.3% | 15.0% | 10 |
| 2010s | 2.7% | 0.5% | 5.9% | 10 |
| 2020s | -1.8% | -9.1% | 2.4% | 5 |
Countries ranked near Cuba
- 164 Haiti -1.0% compare
- 165 Botswana -1.1% compare
- 166 Brunei -1.3% compare
- 168 Mozambique -2.1% compare
- 169 United States Virgin Islands -2.2% compare
- 170 Marshall Islands -2.7% compare
More economy & growth data for Cuba
- General government final consumption expenditure (current US$) 25.1 % change on previous year (2020)
- General government final consumption expenditure (current US$), per 0.3885 current US$ per US$ of GDP (2020)
- General government final consumption expenditure (current US$), per 3,731 current US$ per person (2020)
- General government final consumption expenditure (current LCU) 21.52 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 0.3885 current LCU per US$ of GDP (2020)
- General government final consumption expenditure (current LCU), per 24,524 current LCU per person (2024)
- General government final consumption expenditure (constant 2015 US$) -7.43 % change on previous year (2024)
- General government final consumption expenditure (constant 2015 US$) 0.2523 constant 2015 US$ per US$ of GDP (2020)
- General government final consumption expenditure (constant 2015 US$) 2,335 constant 2015 US$ per person (2024)
- Households and NPISHs Final consumption expenditure (current US$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is final consumption expenditure in Cuba?
- Final consumption expenditure in Cuba was -2.0% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Cuba?
- The highest recorded value was 19.5% in 1981.
- What is the lowest final consumption expenditure recorded in Cuba?
- The lowest recorded value was -13.9% in 1992.
- How does Cuba rank for final consumption expenditure?
- Cuba ranks 167th out of 176 countries with data for 2024.
- Is final consumption expenditure rising or falling in Cuba?
- Over the last ten years it is down 172.5%. The long-run trend across the full record is volatile.
- Where does this Cuba data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.