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 0.013 BoP, current US$ per US$ of GDP in 2024. ▬ Flat
Charges for the use of intellectual property, payments (BoP, current) in Cayman Islands, 2016–2024
Source: Statizoid (derived). Measured in BoP, current US$ per US$ of GDP.
Analysis
In 2024, charges for the use of intellectual property, payments (bop, current) in Cayman Islands stood at 0.013 BoP, current US$ per US$ of GDP.
That represents a change of down 7.4% on the previous year and down 21.3% over ten years.
Over the whole period, charges for the use of intellectual property, payments (bop, current) in Cayman Islands peaked at 0.0165 BoP, current US$ per US$ of GDP in 2016 and was at its lowest, 0.0126 BoP, current US$ per US$ of GDP, in 2019.
Cayman Islands ranks 10th of 170 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 US$ of GDP | Change |
|---|---|---|
| 2016 | 0.0165 BoP, current US$ per US$ of GDP | — |
| 2017 | 0.0132 BoP, current US$ per US$ of GDP | -20.4% |
| 2018 | 0.0134 BoP, current US$ per US$ of GDP | +2.1% |
| 2019 | 0.0126 BoP, current US$ per US$ of GDP | -6.2% |
| 2020 | 0.0161 BoP, current US$ per US$ of GDP | +27.3% |
| 2021 | 0.0153 BoP, current US$ per US$ of GDP | -5.0% |
| 2022 | 0.0158 BoP, current US$ per US$ of GDP | +3.2% |
| 2023 | 0.014 BoP, current US$ per US$ of GDP | -10.8% |
| 2024 | 0.013 BoP, current US$ per US$ of GDP | -7.4% |
Cayman Islands compared with similar countries
- Cayman Islands's 0.013 BoP, current US$ per US$ of GDP is above the median for high income countries, which is 0.0045 BoP, current US$ per US$ of GDP, 2.9× the median. (65 countries reporting)
- Cayman Islands's 0.013 BoP, current US$ per US$ of GDP is above the median for Latin America & Caribbean, which is 0.003 BoP, current US$ per US$ of GDP, 4.4× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.0139 BoP, current US$ per US$ of GDP | 0.0126 BoP, current US$ per US$ of GDP | 0.0165 BoP, current US$ per US$ of GDP | 4 |
| 2020s | 0.0148 BoP, current US$ per US$ of GDP | 0.013 BoP, current US$ per US$ of GDP | 0.0161 BoP, current US$ per US$ of GDP | 5 |
Countries ranked near Cayman Islands
- 7 Sweden 0.0342 BoP, current US$ per US$ of GDP compare
- 8 Cyprus 0.0284 BoP, current US$ per US$ of GDP compare
- 9 Maldives 0.0139 BoP, current US$ per US$ of GDP compare
- 11 Thailand 0.0121 BoP, current US$ per US$ of GDP compare
- 12 Dominica 0.0114 BoP, current US$ per US$ of GDP compare
- 13 Costa Rica 0.0114 BoP, current US$ per US$ of GDP compare
More economy & growth data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$), annual -73.72 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.18 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -23,390 BoP, current US$ per person (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$), gaps -1.74 billion BoP, current US$ (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)
- Agriculture, forestry, and fishing, value added 29.29 million current LCU (2024)
- Inflation, consumer prices -0.6% (2016)
- Total reserves minus gold 252.10 million current 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 0.013 BoP, current US$ per US$ of GDP 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 0.0165 BoP, current US$ per US$ of GDP in 2016.
- What is the lowest charges for the use of intellectual property, payments (bop, current) recorded in Cayman Islands?
- The lowest recorded value was 0.0126 BoP, current US$ per US$ of GDP in 2019.
- How does Cayman Islands rank for charges for the use of intellectual property, payments (bop, current)?
- Cayman Islands ranks 10th out of 170 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 down 21.3%. The long-run trend across the full record is flat.
- 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$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Charges for the use of intellectual property, payments (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Charges for the use of intellectual property, payments (BoP, current US$) ÷ GDP (current US$)
Computed from
- Charges for the use of intellectual property, payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Charges for the use of intellectual property, payments (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.