Final consumption expenditure in Cuba
Cuba: Final consumption expenditure was 115.7% in 2024. ▲ Rising
Final consumption expenditure in Cuba, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for final consumption expenditure in Cuba is 115.7%, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 7.3% on the previous year and up 32.2% over ten years.
Over the whole period, final consumption expenditure in Cuba peaked at 115.7% in 2024 and was at its lowest, 82.7%, in 1985.
Cuba ranks 12th of 187 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 86.3% | 86.2% | 86.5% | 10 |
| 1980s | 86.7% | 82.7% | 88.9% | 10 |
| 1990s | 91.7% | 84.9% | 97.3% | 10 |
| 2000s | 89.5% | 86.6% | 92.5% | 10 |
| 2010s | 86.9% | 85.1% | 88.3% | 10 |
| 2020s | 98.8% | 86.4% | 115.7% | 5 |
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 115.7% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Cuba?
- The highest recorded value was 115.7% in 2024.
- What is the lowest final consumption expenditure recorded in Cuba?
- The lowest recorded value was 82.7% in 1985.
- How does Cuba rank for final consumption expenditure?
- Cuba ranks 12th out of 187 countries with data for 2024.
- Is final consumption expenditure rising or falling in Cuba?
- Over the last ten years it is up 32.2%. 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 Final consumption expenditure (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.