Current account balance as a proportion of GDP (%) in Cayman Islands
Cayman Islands: Current account balance as a proportion of GDP (%) was -9.8% in 2023. ▲ Rising
Latest (2023)
-9.8%
Change on year
up 12.5%
World rank
175th
of 205 countries
All-time high
-9.8%
in 2023
All-time low
-16.9%
in 2017
Years of data
8
2016–2023
Current account balance as a proportion of GDP in Cayman Islands, 2016–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2023, current account balance as a proportion of gdp in Cayman Islands stood at -9.8%. That is the highest value across all 8 years on record.
Compared with earlier readings it is up 12.5% on the previous year and up 31.6% over ten years.
Cayman Islands ranks 175th of 205 countries on this measure, in the bottom quarter.
Current account balance as a proportion of GDP (%) in Cayman Islands, year by year
| Year | % | Change |
|---|---|---|
| 2016 | -14.4% | — |
| 2017 | -16.9% | +17.2% |
| 2018 | -16.8% | -0.6% |
| 2019 | -10.9% | -35.1% |
| 2020 | -16.3% | +50.2% |
| 2021 | -13.1% | -19.8% |
| 2022 | -11.3% | -14.1% |
| 2023 | -9.8% | -12.5% |
Cayman Islands compared with similar countries
- Cayman Islands's -9.8% is below the median for high income countries, which is 1.6%. (69 countries reporting)
- Cayman Islands's -9.8% is below the median for Latin America & Caribbean, which is -1.6%, 6.1× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -14.7% | -16.9% | -10.9% | 4 |
| 2020s | -12.6% | -16.3% | -9.8% | 4 |
Countries ranked near Cayman Islands
- 172 Sudan -8.6% compare
- 173 Sierra Leone -9.5% compare
- 174 Mauritania -9.5% compare
- 176 Mongolia -10.4% compare
- 177 Mozambique -11.0% compare
- 178 Côte d'Ivoire -11.4% compare
- 178 Cote d'Ivoire -11.4% compare
More economy & growth data for Cayman Islands
- 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)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.18 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows 40.9% (2024)
- Inflation, consumer prices -0.6% (2016)
- Total reserves minus gold 270.42 million current US$ (2025)
- Total reserves 270.42 million includes gold, current US$ (2025)
- GDP deflator 123.6 base year varies by country (2024)
- Personal remittances, received 11.50 million current US$ (2024)
Frequently asked questions
- What is current account balance as a proportion of gdp in Cayman Islands?
- Current account balance as a proportion of gdp in Cayman Islands was -9.8% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Cayman Islands?
- The highest recorded value was -9.8% in 2023.
- What is the lowest current account balance as a proportion of gdp recorded in Cayman Islands?
- The lowest recorded value was -16.9% in 2017.
- How does Cayman Islands rank for current account balance as a proportion of gdp?
- Cayman Islands ranks 175th out of 205 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Cayman Islands?
- Over the last ten years it is up 31.6%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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