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 165th out of 174 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.
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
- 162 Haiti -1.0% compare
- 163 Botswana -1.1% compare
- 164 Brunei -1.3% compare
- 166 Mozambique -2.1% compare
- 167 United States Virgin Islands -2.2% compare
- 168 Marshall Islands -2.7% compare
More economy & growth data for Cuba
- External balance on goods and services as a percent of GDP -39.9% (2024)
- GDP per capita 7,381 constant 2015 US$ (2024)
- Share of manufacturing in gross domestic product (GDP) 10.7% (2024)
- Gross domestic product (GDP) 81.05 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 7,381 constant 2015 US$ (2024)
- DEC alternative conversion factor 1 LCU per US$ (2020)
- Net secondary income (Net current transfers from abroad) 1.89 billion current LCU (2019)
- Net secondary income (Net current transfers from abroad) 1.89 billion current US$ (2019)
- Taxes less subsidies on products 16.49 billion current LCU (2024)
- Taxes less subsidies on products 762.00 million current US$ (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 165th out of 174 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.