Final consumption expenditure in Cuba
Cuba: Final consumption expenditure was 115.7% in 2024. ▲ Rising
Final consumption expenditure in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for final consumption expenditure in Cuba is 115.7%, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 7.3% on the previous year and up 32.2% over ten years.
Over the whole period, final consumption expenditure in Cuba peaked at 115.7% in 2024 and was at its lowest, 82.7%, in 1985.
Cuba ranks 12th of 187 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Final consumption expenditure in Cuba, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 86.3% | — |
| 1971 | 86.3% | -0.0% |
| 1972 | 86.3% | +0.0% |
| 1973 | 86.3% | +0.0% |
| 1974 | 86.3% | +0.0% |
| 1975 | 86.2% | -0.1% |
| 1976 | 86.2% | -0.0% |
| 1977 | 86.3% | +0.1% |
| 1978 | 86.4% | +0.1% |
| 1979 | 86.5% | +0.1% |
| 1980 | 85.8% | -0.7% |
| 1981 | 86.1% | +0.4% |
| 1982 | 86.6% | +0.5% |
| 1983 | 86.7% | +0.2% |
| 1984 | 87.0% | +0.3% |
| 1985 | 82.7% | -4.9% |
| 1986 | 87.7% | +6.0% |
| 1987 | 88.9% | +1.4% |
| 1988 | 87.4% | -1.7% |
| 1989 | 88.1% | +0.8% |
| 1990 | 84.9% | -3.7% |
| 1991 | 92.7% | +9.2% |
| 1992 | 95.9% | +3.4% |
| 1993 | 97.3% | +1.5% |
| 1994 | 95.2% | -2.2% |
| 1995 | 94.9% | -0.3% |
| 1996 | 86.1% | -9.3% |
| 1997 | 88.0% | +2.2% |
| 1998 | 90.8% | +3.2% |
| 1999 | 90.9% | +0.2% |
| 2000 | 90.3% | -0.7% |
| 2001 | 91.4% | +1.2% |
| 2002 | 92.5% | +1.2% |
| 2003 | 92.2% | -0.3% |
| 2004 | 90.5% | -1.9% |
| 2005 | 86.6% | -4.3% |
| 2006 | 88.0% | +1.7% |
| 2007 | 87.1% | -1.0% |
| 2008 | 88.9% | +2.1% |
| 2009 | 87.1% | -2.1% |
| 2010 | 85.1% | -2.3% |
| 2011 | 88.3% | +3.8% |
| 2012 | 86.3% | -2.3% |
| 2013 | 86.7% | +0.5% |
| 2014 | 87.5% | +0.9% |
| 2015 | 87.9% | +0.5% |
| 2016 | 87.7% | -0.2% |
| 2017 | 86.8% | -1.0% |
| 2018 | 86.0% | -0.9% |
| 2019 | 86.9% | +1.0% |
| 2020 | 89.5% | +3.0% |
| 2021 | 86.4% | -3.4% |
| 2022 | 94.6% | +9.4% |
| 2023 | 107.9% | +14.0% |
| 2024 | 115.7% | +7.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 86.3% | 86.2% | 86.5% | 10 |
| 1980s | 86.7% | 82.7% | 88.9% | 10 |
| 1990s | 91.7% | 84.9% | 97.3% | 10 |
| 2000s | 89.5% | 86.6% | 92.5% | 10 |
| 2010s | 86.9% | 85.1% | 88.3% | 10 |
| 2020s | 98.8% | 86.4% | 115.7% | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Gross value added at basic prices (GVA) (current LCU), annual growth 29.99 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9929 current LCU per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (current LCU), per capita 97,292 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual -1.01 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7499 constant 2015 US$ per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 7,350 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth -1.01 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.4684 constant LCU per US$ of GDP (2020)
- Gross value added at basic prices (GVA) (constant LCU), per capita 4,591 constant LCU per person (2024)
- GDP (current US$), annual growth rate 3.79 % change on previous year (2020)
Frequently asked questions
- What is final consumption expenditure in Cuba?
- Final consumption expenditure in Cuba was 115.7% 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 115.7% in 2024.
- What is the lowest final consumption expenditure recorded in Cuba?
- The lowest recorded value was 82.7% in 1985.
- How does Cuba rank for final consumption expenditure?
- Cuba ranks 12th 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 32.2%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.