General government final consumption expenditure in Cuba
Cuba: General government final consumption expenditure was -7.4% in 2024. ◆ Volatile
General government final consumption expenditure in Cuba, 1971–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2024, general government final consumption expenditure in Cuba stood at -7.4%.
Compared with earlier readings it is up 39.8% on the previous year and down 657.3% over ten years.
Over the whole period, general government final consumption expenditure in Cuba peaked at 19.5% in 1981 and was at its lowest, -12.3%, in 2023.
That places Cuba 168th out of 173 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure in Cuba, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 8.6% | — |
| 1972 | 4.8% | -43.8% |
| 1973 | 3.4% | -28.9% |
| 1974 | 1.0% | -71.6% |
| 1975 | 9.5% | +874.0% |
| 1976 | 5.4% | -42.9% |
| 1977 | 8.7% | +60.1% |
| 1978 | 6.6% | -24.3% |
| 1979 | 1.1% | -83.9% |
| 1980 | -4.7% | -540.9% |
| 1981 | 19.5% | -518.8% |
| 1982 | 8.8% | -55.0% |
| 1983 | 5.4% | -38.9% |
| 1984 | 7.8% | +45.9% |
| 1985 | 2.9% | -62.7% |
| 1986 | -1.6% | -154.5% |
| 1987 | -2.5% | +53.6% |
| 1988 | 4.1% | -267.0% |
| 1989 | 0.4% | -90.6% |
| 1990 | -0.5% | -222.9% |
| 1991 | -10.4% | +2116.9% |
| 1992 | -5.2% | -49.9% |
| 1993 | -1.1% | -79.6% |
| 1994 | -1.9% | +79.9% |
| 1995 | -0.6% | -68.3% |
| 1996 | 4.0% | -758.1% |
| 1997 | 2.7% | -33.0% |
| 1998 | 0.1% | -95.5% |
| 1999 | 5.1% | +4140.1% |
| 2000 | 3.0% | -40.4% |
| 2001 | 3.3% | +7.7% |
| 2002 | 4.1% | +26.1% |
| 2003 | 7.3% | +76.3% |
| 2004 | 8.6% | +17.5% |
| 2005 | 10.4% | +21.5% |
| 2006 | 7.9% | -24.1% |
| 2007 | 10.5% | +32.7% |
| 2008 | 2.6% | -75.6% |
| 2009 | 1.7% | -32.5% |
| 2010 | 2.3% | +30.7% |
| 2011 | -1.2% | -151.6% |
| 2012 | -0.6% | -45.1% |
| 2013 | 0.8% | -219.1% |
| 2014 | -1.0% | -228.9% |
| 2015 | 0.0% | -104.6% |
| 2016 | -0.2% | -568.8% |
| 2017 | 2.2% | -1118.0% |
| 2018 | 1.3% | -40.3% |
| 2019 | 3.9% | +201.8% |
| 2020 | -10.1% | -356.9% |
| 2021 | 15.0% | -248.5% |
| 2022 | 1.5% | -90.1% |
| 2023 | -12.3% | -933.6% |
| 2024 | -7.4% | -39.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.5% | 1.0% | 9.5% | 9 |
| 1980s | 4.0% | -4.7% | 19.5% | 10 |
| 1990s | -0.8% | -10.4% | 5.1% | 10 |
| 2000s | 5.9% | 1.7% | 10.5% | 10 |
| 2010s | 0.7% | -1.2% | 3.9% | 10 |
| 2020s | -2.7% | -12.3% | 15.0% | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Services, value added (current US$), annual growth rate 8.37 % change on previous year (2020)
- Services, value added (current US$), per unit of GDP 0.7351 current US$ per US$ of GDP (2020)
- Services, value added (current US$), per capita 7,061 current US$ per person (2020)
- Services, value added (current LCU), annual growth rate 31.15 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 0.7351 current LCU per US$ of GDP (2020)
- Services, value added (current LCU), per capita 72,507 current LCU per person (2024)
- Services, value added (constant 2015 US$), annual growth rate -0.0514 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.5615 constant 2015 US$ per US$ of GDP (2020)
- Services, value added (constant 2015 US$), per capita 5,863 constant 2015 US$ per person (2024)
- Services, value added (constant LCU), per capita 3,714 constant LCU per person (2024)
Frequently asked questions
- What is general government final consumption expenditure in Cuba?
- General government final consumption expenditure in Cuba was -7.4% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in Cuba?
- The highest recorded value was 19.5% in 1981.
- What is the lowest general government final consumption expenditure recorded in Cuba?
- The lowest recorded value was -12.3% in 2023.
- How does Cuba rank for general government final consumption expenditure?
- Cuba ranks 168th out of 173 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in Cuba?
- Over the last ten years it is down 657.3%. 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 General government final consumption expenditure (annual % growth). 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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.