Private Consumption in Cuba
The Cuban economy recorded an average growth rate of 1.6% in private consumption in the decade to 2023, same level as the % average for . In 2023, the growth of private consumption was3.0%. For more information on private consumption, visit our dedicated page.
Cuba Private consumption Chart
Note: This chart displays Private Consumption (annual variation in %) for Cuba from 2023 to 2024.
Source: Macrobond.
Cuba Private consumption Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Private Consumption (ann. var. %) | -8.7 | -2.7 | 2.1 | 3.0 | -2.7 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Cuban private consumption projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable private consumption forecast available for Cuban private consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Cuban private consumption projections.
Want to get access to the full dataset of Cuban private consumption forecasts? Send an email to info@focus-economics.com.