General government final consumption expenditure in Cuba
Cuba: General government final consumption expenditure was 25.64 billion constant 2015 US$ in 2024. ▲ Rising
Latest (2024)
25.64 billion constant 2015 US$
Change on year
down 7.4%
World rank
56th
of 168 countries
All-time high
31.60 billion constant 2015 US$
in 2022
All-time low
7.39 billion constant 2015 US$
in 1970
Years of data
55
1970–2024
General government final consumption expenditure in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Cuba recorded 25.64 billion constant 2015 US$ for general government final consumption expenditure in 2024.
That represents a change of down 7.4% on the previous year and down 8.6% over ten years.
Over the whole period, general government final consumption expenditure in Cuba peaked at 31.60 billion constant 2015 US$ in 2022 and was at its lowest, 7.39 billion constant 2015 US$, in 1970.
That places Cuba 56th out of 168 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
General government final consumption expenditure in Cuba, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1970 | 7.39 billion constant 2015 US$ | — |
| 1971 | 8.02 billion constant 2015 US$ | +8.6% |
| 1972 | 8.41 billion constant 2015 US$ | +4.8% |
| 1973 | 8.69 billion constant 2015 US$ | +3.4% |
| 1974 | 8.78 billion constant 2015 US$ | +1.0% |
| 1975 | 9.61 billion constant 2015 US$ | +9.5% |
| 1976 | 10.14 billion constant 2015 US$ | +5.4% |
| 1977 | 11.02 billion constant 2015 US$ | +8.7% |
| 1978 | 11.74 billion constant 2015 US$ | +6.6% |
| 1979 | 11.87 billion constant 2015 US$ | +1.1% |
| 1980 | 11.31 billion constant 2015 US$ | -4.7% |
| 1981 | 13.52 billion constant 2015 US$ | +19.5% |
| 1982 | 14.71 billion constant 2015 US$ | +8.8% |
| 1983 | 15.50 billion constant 2015 US$ | +5.4% |
| 1984 | 16.72 billion constant 2015 US$ | +7.8% |
| 1985 | 17.21 billion constant 2015 US$ | +2.9% |
| 1986 | 16.93 billion constant 2015 US$ | -1.6% |
| 1987 | 16.52 billion constant 2015 US$ | -2.5% |
| 1988 | 17.20 billion constant 2015 US$ | +4.1% |
| 1989 | 17.26 billion constant 2015 US$ | +0.4% |
| 1990 | 17.18 billion constant 2015 US$ | -0.5% |
| 1991 | 15.39 billion constant 2015 US$ | -10.4% |
| 1992 | 14.58 billion constant 2015 US$ | -5.2% |
| 1993 | 14.43 billion constant 2015 US$ | -1.1% |
| 1994 | 14.15 billion constant 2015 US$ | -1.9% |
| 1995 | 14.06 billion constant 2015 US$ | -0.6% |
| 1996 | 14.63 billion constant 2015 US$ | +4.0% |
| 1997 | 15.02 billion constant 2015 US$ | +2.7% |
| 1998 | 15.04 billion constant 2015 US$ | +0.1% |
| 1999 | 15.80 billion constant 2015 US$ | +5.1% |
| 2000 | 16.28 billion constant 2015 US$ | +3.0% |
| 2001 | 16.82 billion constant 2015 US$ | +3.3% |
| 2002 | 17.51 billion constant 2015 US$ | +4.1% |
| 2003 | 18.79 billion constant 2015 US$ | +7.3% |
| 2004 | 20.40 billion constant 2015 US$ | +8.6% |
| 2005 | 22.52 billion constant 2015 US$ | +10.4% |
| 2006 | 24.29 billion constant 2015 US$ | +7.9% |
| 2007 | 26.84 billion constant 2015 US$ | +10.5% |
| 2008 | 27.52 billion constant 2015 US$ | +2.6% |
| 2009 | 28.00 billion constant 2015 US$ | +1.7% |
| 2010 | 28.63 billion constant 2015 US$ | +2.3% |
| 2011 | 28.29 billion constant 2015 US$ | -1.2% |
| 2012 | 28.11 billion constant 2015 US$ | -0.6% |
| 2013 | 28.33 billion constant 2015 US$ | +0.8% |
| 2014 | 28.05 billion constant 2015 US$ | -1.0% |
| 2015 | 28.06 billion constant 2015 US$ | +0.0% |
| 2016 | 28.00 billion constant 2015 US$ | -0.2% |
| 2017 | 28.61 billion constant 2015 US$ | +2.2% |
| 2018 | 28.98 billion constant 2015 US$ | +1.3% |
| 2019 | 30.12 billion constant 2015 US$ | +3.9% |
| 2020 | 27.09 billion constant 2015 US$ | -10.1% |
| 2021 | 31.14 billion constant 2015 US$ | +15.0% |
| 2022 | 31.60 billion constant 2015 US$ | +1.5% |
| 2023 | 27.70 billion constant 2015 US$ | -12.3% |
| 2024 | 25.64 billion constant 2015 US$ | -7.4% |
Cuba compared with similar countries
- Cuba's 25.64 billion constant 2015 US$ is above the median for upper middle income countries, which is 9.28 billion constant 2015 US$, 2.8× the median. (46 countries reporting)
- Cuba's 25.64 billion constant 2015 US$ is above the median for Latin America & Caribbean, which is 9.59 billion constant 2015 US$, 2.7× the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.57 billion constant 2015 US$ | 7.39 billion constant 2015 US$ | 11.87 billion constant 2015 US$ | 10 |
| 1980s | 15.69 billion constant 2015 US$ | 11.31 billion constant 2015 US$ | 17.26 billion constant 2015 US$ | 10 |
| 1990s | 15.03 billion constant 2015 US$ | 14.06 billion constant 2015 US$ | 17.18 billion constant 2015 US$ | 10 |
| 2000s | 21.90 billion constant 2015 US$ | 16.28 billion constant 2015 US$ | 28.00 billion constant 2015 US$ | 10 |
| 2010s | 28.52 billion constant 2015 US$ | 28.00 billion constant 2015 US$ | 30.12 billion constant 2015 US$ | 10 |
| 2020s | 28.63 billion constant 2015 US$ | 25.64 billion constant 2015 US$ | 31.60 billion constant 2015 US$ | 5 |
Countries ranked near Cuba
- 53 Romania 29.81 billion constant 2015 US$ compare
- 54 Hungary 29.79 billion constant 2015 US$ compare
- 55 Kazakhstan 27.69 billion constant 2015 US$ compare
- 57 Libya 23.45 billion constant 2015 US$ compare
- 58 Ukraine 22.64 billion constant 2015 US$ compare
- 59 Bangladesh 20.64 billion constant 2015 US$ compare
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$) -3.88 % change on previous year (2020)
Frequently asked questions
- What is general government final consumption expenditure in Cuba?
- General government final consumption expenditure in Cuba was 25.64 billion constant 2015 US$ 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 31.60 billion constant 2015 US$ in 2022.
- What is the lowest general government final consumption expenditure recorded in Cuba?
- The lowest recorded value was 7.39 billion constant 2015 US$ in 1970.
- How does Cuba rank for general government final consumption expenditure?
- Cuba ranks 56th out of 168 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in Cuba?
- Over the last ten years it is down 8.6%. 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 General government final consumption expenditure (constant 2015 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. 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.