Final consumption expenditure in Cuba
Cuba: Final consumption expenditure was 96.05 billion current US$ in 2020. ◆ Volatile
Final consumption expenditure in Cuba, 1970–2020
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for final consumption expenditure in Cuba is 96.05 billion current US$, measured in 2020. That is the highest value across all 51 years on record.
Compared with earlier readings it is up 6.9% on the previous year and up 89.5% over ten years.
Over the whole period, final consumption expenditure in Cuba peaked at 96.05 billion current US$ in 2020 and was at its lowest, 4.91 billion current US$, in 1970.
Cuba ranks 67th of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.41 billion current US$ | 4.91 billion current US$ | 16.93 billion current US$ | 10 |
| 1980s | 20.32 billion current US$ | 17.09 billion current US$ | 24.00 billion current US$ | 10 |
| 1990s | 23.88 billion current US$ | 21.17 billion current US$ | 28.88 billion current US$ | 10 |
| 2000s | 38.26 billion current US$ | 27.60 billion current US$ | 50.07 billion current US$ | 10 |
| 2010s | 72.90 billion current US$ | 50.67 billion current US$ | 89.88 billion current US$ | 10 |
| 2020s | 96.05 billion current US$ | 96.05 billion current US$ | 96.05 billion current US$ | 1 |
Countries ranked near Cuba
More economy & growth data for Cuba
- Taxes less subsidies on products 762.00 million current US$ (2020)
- Industry (including construction), value added 24.71 billion current US$ (2020)
- Industry (including construction), value added 258.69 billion current LCU (2024)
- Industry (including construction), value added 14.71 billion constant 2015 US$ (2024)
- Industry (including construction), value added -3.0% (2024)
- Industry (including construction), value added 8.79 billion constant LCU (2024)
- Industry (including construction), value added 23.8% (2024)
- Services, value added 78.91 billion current US$ (2020)
- GNI per capita, Atlas method 9,010 current US$ (2019)
- GNI per capita 9,094 current LCU (2019)
Frequently asked questions
- What is final consumption expenditure in Cuba?
- Final consumption expenditure in Cuba was 96.05 billion current US$ in 2020, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in Cuba?
- The highest recorded value was 96.05 billion current US$ in 2020.
- What is the lowest final consumption expenditure recorded in Cuba?
- The lowest recorded value was 4.91 billion current US$ in 1970.
- How does Cuba rank for final consumption expenditure?
- Cuba ranks 67th out of 187 countries with data for 2020.
- Is final consumption expenditure rising or falling in Cuba?
- Over the last ten years it is up 89.5%. 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 Offices (NSOs), published as part of 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. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. 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.