General government final consumption expenditure in Cuba

Cuba: General government final consumption expenditure was 11.62 billion constant LCU in 2024. ▲ Rising

Latest (2024)
11.62 billion constant LCU
Change on year
down 7.4%
World rank
132nd
of 175 countries
All-time high
14.32 billion constant LCU
in 2022
All-time low
3.35 billion constant LCU
in 1970
Years of data
55
1970–2024

General government final consumption expenditure in Cuba, 1970–2024

2.5B5.0B7.5B10.0B12.5B15.0B197019972024

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 175 countries on this measure, in the bottom quarter.

The long-run direction has been consistently rising across the 55 years of available data.

Averages by decade

DecadeAverage LowestHighest 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

  1. 129 Ghana 14.13 billion constant LCU compare
  2. 130 Maldives 13.77 billion constant LCU compare
  3. 131 Georgia 11.69 billion constant LCU compare
  4. 133 Slovenia 11.37 billion constant LCU compare
  5. 134 Venezuela 10.28 billion constant LCU compare
  6. 135 Panama 10.14 billion constant LCU compare

See the full ranking of 175 places →

More economy & growth data for Cuba

All data for Cuba →

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 175 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

Indicator
General government final consumption expenditure (constant LCU)
Unit
constant LCU
Source
Country official statistics, National Statistical Organizations and/or Central Banks
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
175 places, 7,363 data points, 1960–2025
Last refreshed

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.