Final consumption expenditure in Cuba
Cuba: Final consumption expenditure was 1.26 trillion current LCU in 2024. ◆ Volatile
Final consumption expenditure in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for final consumption expenditure in Cuba is 1.26 trillion current LCU, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 40.3% on the previous year and up 1,678.6% over ten years.
Over the whole period, final consumption expenditure in Cuba peaked at 1.26 trillion current LCU in 2024 and was at its lowest, 4.91 billion current LCU, in 1970.
Cuba ranks 94th of 187 countries on this measure, in the middle of the range.
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 | 8.61 billion current LCU | 4.91 billion current LCU | 12.36 billion current LCU | 10 |
| 1980s | 16.65 billion current LCU | 12.31 billion current LCU | 18.58 billion current LCU | 10 |
| 1990s | 20.23 billion current LCU | 15.67 billion current LCU | 25.79 billion current LCU | 10 |
| 2000s | 39.78 billion current LCU | 27.60 billion current LCU | 54.08 billion current LCU | 10 |
| 2010s | 73.30 billion current LCU | 54.73 billion current LCU | 89.88 billion current LCU | 10 |
| 2020s | 663.12 billion current LCU | 96.05 billion current LCU | 1.26 trillion current LCU | 5 |
Countries ranked near Cuba
- 91 Mozambique 1.29 trillion current LCU compare
- 92 Guinea-Bissau 1.28 trillion current LCU compare
- 93 Spain 1.26 trillion current LCU compare
- 95 United Arab Emirates 1.10 trillion current LCU compare
- 96 Ghana 1.04 trillion current LCU compare
- 97 Honduras 1.00 trillion current LCU 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 1.26 trillion current 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 1.26 trillion current LCU in 2024.
- What is the lowest final consumption expenditure recorded in Cuba?
- The lowest recorded value was 4.91 billion current LCU in 1970.
- How does Cuba rank for final consumption expenditure?
- Cuba ranks 94th out of 187 countries with data for 2024.
- Is final consumption expenditure rising or falling in Cuba?
- Over the last ten years it is up 1,678.6%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.