Final consumption expenditure (current LCU), annual growth rate in Cuba
Cuba: Final consumption expenditure (current LCU), annual growth rate was 40.33 % change on previous year in 2024. ◆ Volatile
Final consumption expenditure (current LCU), annual growth rate in Cuba, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for final consumption expenditure (current lcu), annual growth rate in Cuba is 40.33 % change on previous year, measured in 2024.
Compared with earlier readings it is down 18.3% on the previous year and up 637.3% over ten years.
Over the whole period, final consumption expenditure (current lcu), annual growth rate in Cuba peaked at 390.59 % change on previous year in 2021 and was at its lowest, -9.69 % change on previous year, in 1991.
That places Cuba 9th out of 187 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure (current LCU), annual growth rate in Cuba, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 21.45 % change on previous year | — |
| 1972 | 12.13 % change on previous year | -43.5% |
| 1973 | 6.82 % change on previous year | -43.8% |
| 1974 | 13 % change on previous year | +90.7% |
| 1975 | 14.11 % change on previous year | +8.5% |
| 1976 | 5.96 % change on previous year | -57.8% |
| 1977 | 4.23 % change on previous year | -29.1% |
| 1978 | 16.64 % change on previous year | +293.3% |
| 1979 | 4.17 % change on previous year | -74.9% |
| 1980 | -0.4425 % change on previous year | -110.6% |
| 1981 | 17.07 % change on previous year | -3957.3% |
| 1982 | 7.07 % change on previous year | -58.6% |
| 1983 | 7.26 % change on previous year | +2.7% |
| 1984 | 11.02 % change on previous year | +51.8% |
| 1985 | -5.48 % change on previous year | -149.7% |
| 1986 | 1.97 % change on previous year | -135.9% |
| 1987 | -0.3932 % change on previous year | -120.0% |
| 1988 | 3.17 % change on previous year | -907.1% |
| 1989 | 2.16 % change on previous year | -32.0% |
| 1990 | -1.59 % change on previous year | -173.7% |
| 1991 | -9.69 % change on previous year | +509.8% |
| 1992 | -5.15 % change on previous year | -46.8% |
| 1993 | 2.83 % change on previous year | -154.9% |
| 1994 | 24.44 % change on previous year | +764.2% |
| 1995 | 12.84 % change on previous year | -47.5% |
| 1996 | -4.78 % change on previous year | -137.2% |
| 1997 | 3.57 % change on previous year | -174.8% |
| 1998 | 4.74 % change on previous year | +32.6% |
| 1999 | 10.38 % change on previous year | +119.0% |
| 2000 | 7.02 % change on previous year | -32.4% |
| 2001 | 4.93 % change on previous year | -29.7% |
| 2002 | 7.24 % change on previous year | +46.8% |
| 2003 | 6.53 % change on previous year | -9.8% |
| 2004 | 4.44 % change on previous year | -32.1% |
| 2005 | 6.79 % change on previous year | +53.1% |
| 2006 | 25.8 % change on previous year | +279.9% |
| 2007 | 9.95 % change on previous year | -61.4% |
| 2008 | 5.93 % change on previous year | -40.4% |
| 2009 | -0.0638 % change on previous year | -101.1% |
| 2010 | 1.27 % change on previous year | -2083.9% |
| 2011 | 11.29 % change on previous year | +791.8% |
| 2012 | 3.6 % change on previous year | -68.1% |
| 2013 | 6.04 % change on previous year | +67.9% |
| 2014 | 5.47 % change on previous year | -9.5% |
| 2015 | 8.57 % change on previous year | +56.6% |
| 2016 | 4.64 % change on previous year | -45.8% |
| 2017 | 4.88 % change on previous year | +5.3% |
| 2018 | 2.33 % change on previous year | -52.3% |
| 2019 | 4.45 % change on previous year | +91.1% |
| 2020 | 6.87 % change on previous year | +54.3% |
| 2021 | 390.59 % change on previous year | +5587.6% |
| 2022 | 27.08 % change on previous year | -93.1% |
| 2023 | 49.36 % change on previous year | +82.3% |
| 2024 | 40.33 % change on previous year | -18.3% |
Cuba compared with similar countries
- Cuba's 40.33 % change on previous year is above the median for upper middle income countries, which is 7.29 % change on previous year, 5.5× the median. (51 countries reporting)
- Cuba's 40.33 % change on previous year is above the median for Latin America & Caribbean, which is 6.89 % change on previous year, 5.9× the median. (27 countries reporting)
Biggest year-on-year movements
Years where Final consumption expenditure (current LCU), annual growth rate 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 |
|---|---|---|---|
| 2021 | +5587.6% | 6.87 % change on previous year | 390.59 % change on previous year |
| 1981 | +3957.3% | -0.4425 % change on previous year | 17.07 % change on previous year |
| 2010 | +2083.9% | -0.0638 % change on previous year | 1.27 % change on previous year |
| 1988 | +907.1% | -0.3932 % change on previous year | 3.17 % change on previous year |
| 2011 | +791.8% | 1.27 % change on previous year | 11.29 % change on previous year |
| 1994 | +764.2% | 2.83 % change on previous year | 24.44 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.94 % change on previous year | 4.17 % change on previous year | 21.45 % change on previous year | 9 |
| 1980s | 4.34 % change on previous year | -5.48 % change on previous year | 17.07 % change on previous year | 10 |
| 1990s | 3.76 % change on previous year | -9.69 % change on previous year | 24.44 % change on previous year | 10 |
| 2000s | 7.86 % change on previous year | -0.0638 % change on previous year | 25.8 % change on previous year | 10 |
| 2010s | 5.25 % change on previous year | 1.27 % change on previous year | 11.29 % change on previous year | 10 |
| 2020s | 102.85 % change on previous year | 6.87 % change on previous year | 390.59 % change on previous year | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, US dollar, per capita 0 units per person (2016)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, SDR, per capita 0 units per person (2016)
- IMF holdings of currency, US dollar, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, US dollar, per capita 0 units per person (2016)
- IMF holdings of currency, SDR, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, SDR, per capita 0 units per person (2016)
Frequently asked questions
- What is final consumption expenditure (current lcu), annual growth rate in Cuba?
- Final consumption expenditure (current lcu), annual growth rate in Cuba was 40.33 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest final consumption expenditure (current lcu), annual growth rate recorded in Cuba?
- The highest recorded value was 390.59 % change on previous year in 2021.
- What is the lowest final consumption expenditure (current lcu), annual growth rate recorded in Cuba?
- The lowest recorded value was -9.69 % change on previous year in 1991.
- How does Cuba rank for final consumption expenditure (current lcu), annual growth rate?
- Cuba ranks 9th out of 187 countries with data for 2024.
- Is final consumption expenditure (current lcu), annual growth rate rising or falling in Cuba?
- Over the last ten years it is up 637.3%. The long-run trend across the full record is volatile.
- Where does this Cuba data come from?
- The figures come from Statizoid (derived), published as part of Final consumption expenditure (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Final consumption expenditure (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Final consumption expenditure (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.