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 427,854 BoP, current US$ per square kilometre in 2023. ▲ Rising
Charges for the use of intellectual property, payments (BoP, current) in Cayman Islands, 2016–2023
Source: Statizoid (derived). Measured in BoP, current US$ per square kilometre.
Analysis
In 2023, charges for the use of intellectual property, payments (bop, current) in Cayman Islands stood at 427,854 BoP, current US$ per square kilometre.
That represents a change of down 2.0% on the previous year and up 26.6% over ten years.
That places Cayman Islands 9th out of 168 countries with data for 2023, putting it 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 square kilometre | Change |
|---|---|---|
| 2016 | 338,081 BoP, current US$ per square kilometre | — |
| 2017 | 283,365 BoP, current US$ per square kilometre | -16.2% |
| 2018 | 309,701 BoP, current US$ per square kilometre | +9.3% |
| 2019 | 312,245 BoP, current US$ per square kilometre | +0.8% |
| 2020 | 378,399 BoP, current US$ per square kilometre | +21.2% |
| 2021 | 385,386 BoP, current US$ per square kilometre | +1.8% |
| 2022 | 436,783 BoP, current US$ per square kilometre | +13.3% |
| 2023 | 427,854 BoP, current US$ per square kilometre | -2.0% |
Cayman Islands compared with similar countries
- Cayman Islands's 427,854 BoP, current US$ per square kilometre is above the median for high income countries, which is 14,713 BoP, current US$ per square kilometre, 29.1× the median. (65 countries reporting)
- Cayman Islands's 427,854 BoP, current US$ per square kilometre is above the median for Latin America & Caribbean, which is 1,855 BoP, current US$ per square kilometre, 230.7× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 310,848 BoP, current US$ per square kilometre | 283,365 BoP, current US$ per square kilometre | 338,081 BoP, current US$ per square kilometre | 4 |
| 2020s | 407,106 BoP, current US$ per square kilometre | 378,399 BoP, current US$ per square kilometre | 436,783 BoP, current US$ per square kilometre | 4 |
Countries ranked near Cayman Islands
- 6 Hong Kong 1.75 million BoP, current US$ per square kilometre compare
- 7 Netherlands 1.18 million BoP, current US$ per square kilometre compare
- 8 Switzerland 819,295 BoP, current US$ per square kilometre compare
- 10 Maldives 310,950 BoP, current US$ per square kilometre compare
- 11 Belgium 155,275 BoP, current US$ per square kilometre compare
- 12 Israel 129,621 BoP, current US$ per square kilometre 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 427,854 BoP, current US$ per square kilometre in 2023, 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 436,783 BoP, current US$ per square kilometre 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 283,365 BoP, current US$ per square kilometre in 2017.
- How does Cayman Islands rank for charges for the use of intellectual property, payments (bop, current)?
- Cayman Islands ranks 9th out of 168 countries with data for 2023.
- 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 26.6%. 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$), per square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
Charges for the use of intellectual property, payments (BoP, current US$) divided by Land area (sq. km), 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$) ÷ Land area (sq. km)
Computed from
- Charges for the use of intellectual property, payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Charges for the use of intellectual property, payments (BoP, current US$) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.