General government final consumption expenditure in Cuba
Cuba: General government final consumption expenditure was 41.70 billion current US$ in 2020. ◆ Volatile
General government final consumption expenditure in Cuba, 1970–2020
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2020, general government final consumption expenditure in Cuba stood at 41.70 billion current US$. That is the highest value across all 51 years on record.
Compared with earlier readings it is up 25.1% on the previous year and up 101.4% over ten years.
Over the whole period, general government final consumption expenditure in Cuba peaked at 41.70 billion current US$ in 2020 and was at its lowest, 1.80 billion current US$, in 1970.
That places Cuba 52nd out of 185 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.82 billion current US$ | 1.80 billion current US$ | 6.21 billion current US$ | 10 |
| 1980s | 7.43 billion current US$ | 6.29 billion current US$ | 8.73 billion current US$ | 10 |
| 1990s | 7.65 billion current US$ | 6.64 billion current US$ | 8.88 billion current US$ | 10 |
| 2000s | 15.01 billion current US$ | 9.05 billion current US$ | 22.45 billion current US$ | 10 |
| 2010s | 27.01 billion current US$ | 20.70 billion current US$ | 33.34 billion current US$ | 10 |
| 2020s | 41.70 billion current US$ | 41.70 billion current US$ | 41.70 billion current US$ | 1 |
Countries ranked near Cuba
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 41.70 billion current US$ in 2020, 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 41.70 billion current US$ in 2020.
- What is the lowest general government final consumption expenditure recorded in Cuba?
- The lowest recorded value was 1.80 billion current US$ in 1970.
- How does Cuba rank for general government final consumption expenditure?
- Cuba ranks 52nd out of 185 countries with data for 2020.
- Is general government final consumption expenditure rising or falling in Cuba?
- Over the last ten years it is up 101.4%. 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 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.