General government final consumption expenditure (constant LCU) in Cuba
Cuba: General government final consumption expenditure (constant LCU) was 11.62 billion constant LCU in 2024. ▲ Rising
General government final consumption expenditure in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Cuba recorded 11.62 billion constant LCU 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 14.32 billion constant LCU in 2022 and was at its lowest, 3.35 billion constant LCU, in 1970.
Cuba ranks 132nd of 176 countries on this measure, 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 (constant LCU) in Cuba, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 3.35 billion constant LCU | — |
| 1971 | 3.64 billion constant LCU | +8.6% |
| 1972 | 3.81 billion constant LCU | +4.8% |
| 1973 | 3.94 billion constant LCU | +3.4% |
| 1974 | 3.98 billion constant LCU | +1.0% |
| 1975 | 4.36 billion constant LCU | +9.5% |
| 1976 | 4.59 billion constant LCU | +5.4% |
| 1977 | 4.99 billion constant LCU | +8.7% |
| 1978 | 5.32 billion constant LCU | +6.6% |
| 1979 | 5.38 billion constant LCU | +1.1% |
| 1980 | 5.13 billion constant LCU | -4.7% |
| 1981 | 6.13 billion constant LCU | +19.5% |
| 1982 | 6.67 billion constant LCU | +8.8% |
| 1983 | 7.03 billion constant LCU | +5.4% |
| 1984 | 7.58 billion constant LCU | +7.8% |
| 1985 | 7.80 billion constant LCU | +2.9% |
| 1986 | 7.68 billion constant LCU | -1.6% |
| 1987 | 7.49 billion constant LCU | -2.5% |
| 1988 | 7.79 billion constant LCU | +4.1% |
| 1989 | 7.82 billion constant LCU | +0.4% |
| 1990 | 7.79 billion constant LCU | -0.5% |
| 1991 | 6.97 billion constant LCU | -10.4% |
| 1992 | 6.61 billion constant LCU | -5.2% |
| 1993 | 6.54 billion constant LCU | -1.1% |
| 1994 | 6.41 billion constant LCU | -1.9% |
| 1995 | 6.37 billion constant LCU | -0.6% |
| 1996 | 6.63 billion constant LCU | +4.0% |
| 1997 | 6.81 billion constant LCU | +2.7% |
| 1998 | 6.82 billion constant LCU | +0.1% |
| 1999 | 7.16 billion constant LCU | +5.1% |
| 2000 | 7.38 billion constant LCU | +3.0% |
| 2001 | 7.62 billion constant LCU | +3.3% |
| 2002 | 7.94 billion constant LCU | +4.1% |
| 2003 | 8.52 billion constant LCU | +7.3% |
| 2004 | 9.24 billion constant LCU | +8.6% |
| 2005 | 10.21 billion constant LCU | +10.4% |
| 2006 | 11.01 billion constant LCU | +7.9% |
| 2007 | 12.16 billion constant LCU | +10.5% |
| 2008 | 12.47 billion constant LCU | +2.6% |
| 2009 | 12.69 billion constant LCU | +1.7% |
| 2010 | 12.98 billion constant LCU | +2.3% |
| 2011 | 12.82 billion constant LCU | -1.2% |
| 2012 | 12.74 billion constant LCU | -0.6% |
| 2013 | 12.84 billion constant LCU | +0.8% |
| 2014 | 12.71 billion constant LCU | -1.0% |
| 2015 | 12.72 billion constant LCU | +0.0% |
| 2016 | 12.69 billion constant LCU | -0.2% |
| 2017 | 12.97 billion constant LCU | +2.2% |
| 2018 | 13.14 billion constant LCU | +1.3% |
| 2019 | 13.65 billion constant LCU | +3.9% |
| 2020 | 12.28 billion constant LCU | -10.1% |
| 2021 | 14.11 billion constant LCU | +15.0% |
| 2022 | 14.32 billion constant LCU | +1.5% |
| 2023 | 12.55 billion constant LCU | -12.3% |
| 2024 | 11.62 billion constant LCU | -7.4% |
Cuba compared with similar countries
- Cuba's 11.62 billion constant LCU is below the median for upper middle income countries, which is 164.07 billion constant LCU, 7% of the median. (48 countries reporting)
- Cuba's 11.62 billion constant LCU is below the median for Latin America & Caribbean, which is 61.80 billion constant LCU, 19% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.34 billion constant LCU | 3.35 billion constant LCU | 5.38 billion constant LCU | 10 |
| 1980s | 7.11 billion constant LCU | 5.13 billion constant LCU | 7.82 billion constant LCU | 10 |
| 1990s | 6.81 billion constant LCU | 6.37 billion constant LCU | 7.79 billion constant LCU | 10 |
| 2000s | 9.92 billion constant LCU | 7.38 billion constant LCU | 12.69 billion constant LCU | 10 |
| 2010s | 12.93 billion constant LCU | 12.69 billion constant LCU | 13.65 billion constant LCU | 10 |
| 2020s | 12.98 billion constant LCU | 11.62 billion constant LCU | 14.32 billion constant LCU | 5 |
Countries ranked near Cuba
More economy & growth data for Cuba
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, US dollar, per capita 0 units per person (2016)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- SDRs holdings, SDR, per capita 0 units per person (2016)
- IMF holdings of currency, US dollar, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, US dollar, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, US dollar, per capita 0 units per person (2016)
- IMF holdings of currency, SDR, annual growth rate -100 % change on previous year (1969)
- IMF holdings of currency, SDR, per unit of GDP 0 units per US$ of GDP (2016)
- IMF holdings of currency, SDR, per capita 0 units per person (2016)
Frequently asked questions
- What is general government final consumption expenditure in Cuba?
- General government final consumption expenditure in Cuba was 11.62 billion constant LCU 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 14.32 billion constant LCU in 2022.
- What is the lowest general government final consumption expenditure recorded in Cuba?
- The lowest recorded value was 3.35 billion constant LCU in 1970.
- How does Cuba rank for general government final consumption expenditure?
- Cuba ranks 132nd out of 176 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 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. 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 varies by country. This series is expressed in local currency units.