Final consumption expenditure in Cuba
Cuba: Final consumption expenditure was 96.05 billion current US$ in 2020. ◆ Volatile
Final consumption expenditure in Cuba, 1970–2020
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for final consumption expenditure in Cuba is 96.05 billion current US$, measured in 2020. That is the highest value across all 51 years on record.
Compared with earlier readings it is up 6.9% on the previous year and up 89.5% over ten years.
Over the whole period, final consumption expenditure in Cuba peaked at 96.05 billion current US$ in 2020 and was at its lowest, 4.91 billion current US$, in 1970.
Cuba ranks 67th of 188 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Cuba, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 4.91 billion current US$ | — |
| 1971 | 5.96 billion current US$ | +21.4% |
| 1972 | 7.02 billion current US$ | +17.7% |
| 1973 | 8.62 billion current US$ | +22.8% |
| 1974 | 9.84 billion current US$ | +14.2% |
| 1975 | 11.23 billion current US$ | +14.1% |
| 1976 | 11.89 billion current US$ | +5.8% |
| 1977 | 12.26 billion current US$ | +3.1% |
| 1978 | 15.41 billion current US$ | +25.7% |
| 1979 | 16.93 billion current US$ | +9.9% |
| 1980 | 17.09 billion current US$ | +0.9% |
| 1981 | 17.36 billion current US$ | +1.6% |
| 1982 | 18.15 billion current US$ | +4.5% |
| 1983 | 19.26 billion current US$ | +6.1% |
| 1984 | 20.91 billion current US$ | +8.6% |
| 1985 | 18.95 billion current US$ | -9.3% |
| 1986 | 21.24 billion current US$ | +12.1% |
| 1987 | 22.42 billion current US$ | +5.6% |
| 1988 | 24.00 billion current US$ | +7.0% |
| 1989 | 23.82 billion current US$ | -0.8% |
| 1990 | 24.32 billion current US$ | +2.1% |
| 1991 | 22.54 billion current US$ | -7.3% |
| 1992 | 21.17 billion current US$ | -6.1% |
| 1993 | 21.77 billion current US$ | +2.8% |
| 1994 | 27.09 billion current US$ | +24.4% |
| 1995 | 28.88 billion current US$ | +6.6% |
| 1996 | 21.54 billion current US$ | -25.4% |
| 1997 | 22.31 billion current US$ | +3.6% |
| 1998 | 23.37 billion current US$ | +4.7% |
| 1999 | 25.79 billion current US$ | +10.4% |
| 2000 | 27.60 billion current US$ | +7.0% |
| 2001 | 28.97 billion current US$ | +4.9% |
| 2002 | 31.06 billion current US$ | +7.2% |
| 2003 | 33.09 billion current US$ | +6.5% |
| 2004 | 34.56 billion current US$ | +4.4% |
| 2005 | 36.91 billion current US$ | +6.8% |
| 2006 | 42.99 billion current US$ | +16.5% |
| 2007 | 47.27 billion current US$ | +10.0% |
| 2008 | 50.07 billion current US$ | +5.9% |
| 2009 | 50.04 billion current US$ | -0.1% |
| 2010 | 50.67 billion current US$ | +1.3% |
| 2011 | 60.91 billion current US$ | +20.2% |
| 2012 | 63.10 billion current US$ | +3.6% |
| 2013 | 66.91 billion current US$ | +6.0% |
| 2014 | 70.57 billion current US$ | +5.5% |
| 2015 | 76.62 billion current US$ | +8.6% |
| 2016 | 80.17 billion current US$ | +4.6% |
| 2017 | 84.09 billion current US$ | +4.9% |
| 2018 | 86.05 billion current US$ | +2.3% |
| 2019 | 89.88 billion current US$ | +4.5% |
| 2020 | 96.05 billion current US$ | +6.9% |
Cuba compared with similar countries
- Cuba's 96.05 billion current US$ is above the median for upper middle income countries, which is 47.37 billion current US$, 2.0× the median. (52 countries reporting)
- Cuba's 96.05 billion current US$ is above the median for Latin America & Caribbean, which is 60.45 billion current US$, 1.6× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Final consumption expenditure in Cuba changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | -25.4% | 28.88 billion current US$ | 21.54 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.41 billion current US$ | 4.91 billion current US$ | 16.93 billion current US$ | 10 |
| 1980s | 20.32 billion current US$ | 17.09 billion current US$ | 24.00 billion current US$ | 10 |
| 1990s | 23.88 billion current US$ | 21.17 billion current US$ | 28.88 billion current US$ | 10 |
| 2000s | 38.26 billion current US$ | 27.60 billion current US$ | 50.07 billion current US$ | 10 |
| 2010s | 72.90 billion current US$ | 50.67 billion current US$ | 89.88 billion current US$ | 10 |
| 2020s | 96.05 billion current US$ | 96.05 billion current US$ | 96.05 billion current US$ | 1 |
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$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is final consumption expenditure in Cuba?
- Final consumption expenditure in Cuba was 96.05 billion current US$ in 2020, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in Cuba?
- The highest recorded value was 96.05 billion current US$ in 2020.
- What is the lowest final consumption expenditure recorded in Cuba?
- The lowest recorded value was 4.91 billion current US$ in 1970.
- How does Cuba rank for final consumption expenditure?
- Cuba ranks 67th out of 188 countries with data for 2020.
- Is final consumption expenditure rising or falling in Cuba?
- Over the last ten years it is up 89.5%. 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 Offices (NSOs), published as part of Final consumption expenditure (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.