Final consumption expenditure in Cuba
Cuba: Final consumption expenditure was 42.75 billion constant LCU in 2024. ▲ Rising
Final consumption expenditure in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Cuba recorded 42.75 billion constant LCU for final consumption expenditure in 2024.
That represents a change of 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 46.91 billion constant LCU in 2019 and was at its lowest, 12.47 billion constant LCU, in 1970.
That places Cuba 137th out of 177 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Final consumption expenditure in Cuba, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 12.47 billion constant LCU | — |
| 1971 | 13.54 billion constant LCU | +8.6% |
| 1972 | 14.20 billion constant LCU | +4.8% |
| 1973 | 14.69 billion constant LCU | +3.4% |
| 1974 | 14.83 billion constant LCU | +1.0% |
| 1975 | 16.24 billion constant LCU | +9.5% |
| 1976 | 17.11 billion constant LCU | +5.4% |
| 1977 | 18.61 billion constant LCU | +8.7% |
| 1978 | 19.84 billion constant LCU | +6.6% |
| 1979 | 20.07 billion constant LCU | +1.2% |
| 1980 | 19.06 billion constant LCU | -5.0% |
| 1981 | 22.78 billion constant LCU | +19.5% |
| 1982 | 24.90 billion constant LCU | +9.3% |
| 1983 | 26.29 billion constant LCU | +5.6% |
| 1984 | 28.44 billion constant LCU | +8.2% |
| 1985 | 28.42 billion constant LCU | -0.1% |
| 1986 | 28.47 billion constant LCU | +0.2% |
| 1987 | 28.64 billion constant LCU | +0.6% |
| 1988 | 29.45 billion constant LCU | +2.8% |
| 1989 | 29.81 billion constant LCU | +1.2% |
| 1990 | 28.39 billion constant LCU | -4.8% |
| 1991 | 25.47 billion constant LCU | -10.3% |
| 1992 | 21.92 billion constant LCU | -13.9% |
| 1993 | 20.21 billion constant LCU | -7.8% |
| 1994 | 20.79 billion constant LCU | +2.9% |
| 1995 | 20.95 billion constant LCU | +0.7% |
| 1996 | 21.78 billion constant LCU | +4.0% |
| 1997 | 22.31 billion constant LCU | +2.4% |
| 1998 | 22.61 billion constant LCU | +1.3% |
| 1999 | 23.76 billion constant LCU | +5.1% |
| 2000 | 24.33 billion constant LCU | +2.4% |
| 2001 | 25.22 billion constant LCU | +3.7% |
| 2002 | 25.91 billion constant LCU | +2.7% |
| 2003 | 27.60 billion constant LCU | +6.5% |
| 2004 | 28.62 billion constant LCU | +3.7% |
| 2005 | 29.66 billion constant LCU | +3.6% |
| 2006 | 34.10 billion constant LCU | +15.0% |
| 2007 | 35.61 billion constant LCU | +4.4% |
| 2008 | 35.50 billion constant LCU | -0.3% |
| 2009 | 35.93 billion constant LCU | +1.2% |
| 2010 | 38.04 billion constant LCU | +5.9% |
| 2011 | 38.24 billion constant LCU | +0.5% |
| 2012 | 38.98 billion constant LCU | +1.9% |
| 2013 | 40.43 billion constant LCU | +3.7% |
| 2014 | 41.57 billion constant LCU | +2.8% |
| 2015 | 43.70 billion constant LCU | +5.1% |
| 2016 | 44.96 billion constant LCU | +2.9% |
| 2017 | 45.77 billion constant LCU | +1.8% |
| 2018 | 46.68 billion constant LCU | +2.0% |
| 2019 | 46.91 billion constant LCU | +0.5% |
| 2020 | 42.64 billion constant LCU | -9.1% |
| 2021 | 43.67 billion constant LCU | +2.4% |
| 2022 | 44.49 billion constant LCU | +1.9% |
| 2023 | 43.64 billion constant LCU | -1.9% |
| 2024 | 42.75 billion constant LCU | -2.0% |
Cuba compared with similar countries
- Cuba's 42.75 billion constant LCU is below the median for upper middle income countries, which is 1.54 trillion constant LCU, 3% of the median. (48 countries reporting)
- Cuba's 42.75 billion constant LCU is below the median for Latin America & Caribbean, which is 386.10 billion constant LCU, 11% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.16 billion constant LCU | 12.47 billion constant LCU | 20.07 billion constant LCU | 10 |
| 1980s | 26.63 billion constant LCU | 19.06 billion constant LCU | 29.81 billion constant LCU | 10 |
| 1990s | 22.82 billion constant LCU | 20.21 billion constant LCU | 28.39 billion constant LCU | 10 |
| 2000s | 30.25 billion constant LCU | 24.33 billion constant LCU | 35.93 billion constant LCU | 10 |
| 2010s | 42.53 billion constant LCU | 38.04 billion constant LCU | 46.91 billion constant LCU | 10 |
| 2020s | 43.44 billion constant LCU | 42.64 billion constant LCU | 44.49 billion constant LCU | 5 |
Countries ranked near Cuba
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 42.75 billion constant LCU 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 46.91 billion constant LCU in 2019.
- What is the lowest final consumption expenditure recorded in Cuba?
- The lowest recorded value was 12.47 billion constant LCU in 1970.
- How does Cuba rank for final consumption expenditure?
- Cuba ranks 137th out of 177 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 LCU). 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 varies by country. This series is expressed in local currency units.