General government final consumption expenditure in Cuba
Cuba: General government final consumption expenditure was 269.27 billion current LCU in 2024. ◆ Volatile
General government final consumption expenditure in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for general government final consumption expenditure in Cuba is 269.27 billion current LCU, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 21.5% on the previous year and up 930.2% over ten years.
Over the whole period, general government final consumption expenditure in Cuba peaked at 269.27 billion current LCU in 2024 and was at its lowest, 1.80 billion current LCU, in 1970.
Cuba ranks 89th of 186 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.16 billion current LCU | 1.80 billion current LCU | 4.53 billion current LCU | 10 |
| 1980s | 6.09 billion current LCU | 4.53 billion current LCU | 6.70 billion current LCU | 10 |
| 1990s | 6.45 billion current LCU | 5.69 billion current LCU | 8.20 billion current LCU | 10 |
| 2000s | 15.65 billion current LCU | 9.05 billion current LCU | 24.25 billion current LCU | 10 |
| 2010s | 27.18 billion current LCU | 22.36 billion current LCU | 33.34 billion current LCU | 10 |
| 2020s | 184.79 billion current LCU | 41.70 billion current LCU | 269.27 billion current LCU | 5 |
Countries ranked near Cuba
- 86 Netherlands 305.13 billion current LCU compare
- 87 Afghanistan 298.14 billion current LCU compare
- 88 Mozambique 274.87 billion current LCU compare
- 90 Malaysia 250.26 billion current LCU compare
- 91 Kyrgyzstan 241.37 billion current LCU compare
- 92 United Arab Emirates 234.49 billion current LCU compare
More economy & growth data for Cuba
- External balance on goods and services as a percent of GDP -39.9% (2024)
- GDP per capita 7,381 constant 2015 US$ (2024)
- Share of manufacturing in gross domestic product (GDP) 10.7% (2024)
- Gross domestic product (GDP) 81.05 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 7,381 constant 2015 US$ (2024)
- DEC alternative conversion factor 1 LCU per US$ (2020)
- Net secondary income (Net current transfers from abroad) 1.89 billion current LCU (2019)
- Net secondary income (Net current transfers from abroad) 1.89 billion current US$ (2019)
- Taxes less subsidies on products 16.49 billion current LCU (2024)
- Taxes less subsidies on products 762.00 million current US$ (2020)
Frequently asked questions
- What is general government final consumption expenditure in Cuba?
- General government final consumption expenditure in Cuba was 269.27 billion current 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 269.27 billion current LCU in 2024.
- What is the lowest general government final consumption expenditure recorded in Cuba?
- The lowest recorded value was 1.80 billion current LCU in 1970.
- How does Cuba rank for general government final consumption expenditure?
- Cuba ranks 89th out of 186 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in Cuba?
- Over the last ten years it is up 930.2%. 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 (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.