Final consumption expenditure in Cuba
Cuba: Final consumption expenditure was 74.95 billion constant 2015 US$ in 2024. ▲ Rising
Final consumption expenditure in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Cuba recorded 74.95 billion constant 2015 US$ for final consumption expenditure in 2024.
Compared with earlier readings it is down 2.0% on the previous year and up 2.8% over ten years.
Over the whole period, final consumption expenditure in Cuba peaked at 82.24 billion constant 2015 US$ in 2019 and was at its lowest, 21.87 billion constant 2015 US$, in 1970.
Cuba ranks 67th of 170 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.33 billion constant 2015 US$ | 21.87 billion constant 2015 US$ | 35.20 billion constant 2015 US$ | 10 |
| 1980s | 46.68 billion constant 2015 US$ | 33.42 billion constant 2015 US$ | 52.26 billion constant 2015 US$ | 10 |
| 1990s | 40.01 billion constant 2015 US$ | 35.44 billion constant 2015 US$ | 49.78 billion constant 2015 US$ | 10 |
| 2000s | 53.03 billion constant 2015 US$ | 42.66 billion constant 2015 US$ | 62.99 billion constant 2015 US$ | 10 |
| 2010s | 74.56 billion constant 2015 US$ | 66.69 billion constant 2015 US$ | 82.24 billion constant 2015 US$ | 10 |
| 2020s | 76.16 billion constant 2015 US$ | 74.76 billion constant 2015 US$ | 78.00 billion constant 2015 US$ | 5 |
Countries ranked near Cuba
- 64 Ecuador 87.38 billion constant 2015 US$ compare
- 65 Dominican Republic 84.78 billion constant 2015 US$ compare
- 66 Slovakia 79.64 billion constant 2015 US$ compare
- 68 Sri Lanka 74.55 billion constant 2015 US$ compare
- 69 Qatar 68.85 billion constant 2015 US$ compare
- 70 Ghana 64.36 billion constant 2015 US$ 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 74.95 billion constant 2015 US$ 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 82.24 billion constant 2015 US$ in 2019.
- What is the lowest final consumption expenditure recorded in Cuba?
- The lowest recorded value was 21.87 billion constant 2015 US$ in 1970.
- How does Cuba rank for final consumption expenditure?
- Cuba ranks 67th out of 170 countries with data for 2024.
- Is final consumption expenditure rising or falling in Cuba?
- Over the last ten years it is up 2.8%. The long-run trend across the full record is rising.
- 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 (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.