Charges for the use of intellectual property, payments (BoP, current) in Cayman Islands
Cayman Islands: Charges for the use of intellectual property, payments (BoP, current) was 1,357 BoP, current US$ per person in 2024. ▲ Rising
Charges for the use of intellectual property, payments (BoP, current) in Cayman Islands, 2016–2024
Source: Statizoid (derived). Measured in BoP, current US$ per person.
Analysis
In 2024, charges for the use of intellectual property, payments (bop, current) in Cayman Islands stood at 1,357 BoP, current US$ per person.
The figure is down 3.5% on the previous year and up 5.6% over ten years.
Over the whole period, charges for the use of intellectual property, payments (bop, current) in Cayman Islands peaked at 1,464 BoP, current US$ per person in 2022 and was at its lowest, 1,054 BoP, current US$ per person, in 2017.
Cayman Islands ranks 8th of 171 countries on this measure, in the top 10%.
Charges for the use of intellectual property, payments (BoP, current) in Cayman Islands, year by year
| Year | BoP, current US$ per person | Change |
|---|---|---|
| 2016 | 1,286 BoP, current US$ per person | — |
| 2017 | 1,054 BoP, current US$ per person | -18.0% |
| 2018 | 1,127 BoP, current US$ per person | +7.0% |
| 2019 | 1,113 BoP, current US$ per person | -1.3% |
| 2020 | 1,322 BoP, current US$ per person | +18.8% |
| 2021 | 1,319 BoP, current US$ per person | -0.2% |
| 2022 | 1,464 BoP, current US$ per person | +11.0% |
| 2023 | 1,406 BoP, current US$ per person | -4.0% |
| 2024 | 1,357 BoP, current US$ per person | -3.5% |
Cayman Islands compared with similar countries
- Cayman Islands's 1,357 BoP, current US$ per person is above the median for high income countries, which is 164.1 BoP, current US$ per person, 8.3× the median. (65 countries reporting)
- Cayman Islands's 1,357 BoP, current US$ per person is above the median for Latin America & Caribbean, which is 40.79 BoP, current US$ per person, 33.3× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1,145 BoP, current US$ per person | 1,054 BoP, current US$ per person | 1,286 BoP, current US$ per person | 4 |
| 2020s | 1,374 BoP, current US$ per person | 1,319 BoP, current US$ per person | 1,464 BoP, current US$ per person | 5 |
Countries ranked near Cayman Islands
- 5 Netherlands 2,355 BoP, current US$ per person compare
- 6 Sweden 2,157 BoP, current US$ per person compare
- 7 Malta 1,931 BoP, current US$ per person compare
- 9 Cyprus 853.35 BoP, current US$ per person compare
- 10 Canada 484.86 BoP, current US$ per person compare
- 11 Australia 448.03 BoP, current US$ per person compare
More economy & growth data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$), per capita 42,674 BoP, current US$ per person (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps -1.74 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.2243 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -23,390 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.18 billion BoP, current US$ (2024)
- Total reserves (includes gold, current US$), annual growth rate 7.73 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.4092 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -73.72 % change on previous year (2024)
- Gross value added at basic prices (GVA) 5.96 billion constant 2015 US$ (2024)
- Agriculture, forestry, and fishing, value added 23.72 million constant 2015 US$ (2024)
Frequently asked questions
- What is charges for the use of intellectual property, payments (bop, current) in Cayman Islands?
- Charges for the use of intellectual property, payments (bop, current) in Cayman Islands was 1,357 BoP, current US$ per person in 2024, according to Statizoid (derived).
- What is the highest charges for the use of intellectual property, payments (bop, current) recorded in Cayman Islands?
- The highest recorded value was 1,464 BoP, current US$ per person in 2022.
- What is the lowest charges for the use of intellectual property, payments (bop, current) recorded in Cayman Islands?
- The lowest recorded value was 1,054 BoP, current US$ per person in 2017.
- How does Cayman Islands rank for charges for the use of intellectual property, payments (bop, current)?
- Cayman Islands ranks 8th out of 171 countries with data for 2024.
- Is charges for the use of intellectual property, payments (bop, current) rising or falling in Cayman Islands?
- Over the last ten years it is up 5.6%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from Statizoid (derived), published as part of Charges for the use of intellectual property, payments (BoP, current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Charges for the use of intellectual property, payments (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Charges for the use of intellectual property, payments (BoP, current US$) ÷ Population, total
Computed from
- Charges for the use of intellectual property, payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Charges for the use of intellectual property, payments (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.