Current account balance (BoP, current US$) in Cayman Islands
Cayman Islands: Current account balance (BoP, current US$) was -686.07 million BoP, current US$ in 2024. ▲ Rising
Current account balance in Cayman Islands, 2016–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for current account balance in Cayman Islands is -686.07 million BoP, current US$, measured in 2024.
The figure is up 3.5% on the previous year and up 2.9% over ten years.
Over the whole period, current account balance in Cayman Islands peaked at -646.84 million BoP, current US$ in 2019 and was at its lowest, -927.54 million BoP, current US$, in 2018.
That places Cayman Islands 119th out of 200 countries with data for 2024, putting it in the middle of the range.
Current account balance (BoP, current US$) in Cayman Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2016 | -706.58 million BoP, current US$ | — |
| 2017 | -871.50 million BoP, current US$ | +23.3% |
| 2018 | -927.54 million BoP, current US$ | +6.4% |
| 2019 | -646.84 million BoP, current US$ | -30.3% |
| 2020 | -924.45 million BoP, current US$ | +42.9% |
| 2021 | -794.21 million BoP, current US$ | -14.1% |
| 2022 | -749.48 million BoP, current US$ | -5.6% |
| 2023 | -710.74 million BoP, current US$ | -5.2% |
| 2024 | -686.07 million BoP, current US$ | -3.5% |
Cayman Islands compared with similar countries
- Cayman Islands's -686.07 million BoP, current US$ is below the median for high income countries, which is 194.40 million BoP, current US$. (72 countries reporting)
- Cayman Islands's -686.07 million BoP, current US$ is below the median for Latin America & Caribbean, which is -274.97 million BoP, current US$, 2.5× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -788.12 million BoP, current US$ | -927.54 million BoP, current US$ | -646.84 million BoP, current US$ | 4 |
| 2020s | -772.99 million BoP, current US$ | -924.45 million BoP, current US$ | -686.07 million BoP, current US$ | 5 |
Countries ranked near Cayman Islands
- 116 Bhutan -649.30 million BoP, current US$ compare
- 117 New Caledonia -654.24 million BoP, current US$
- 118 Curacao -654.69 million BoP, current US$ compare
- 120 East Timor -701.36 million BoP, current US$ compare
- 121 North Macedonia -814.98 million BoP, current US$ compare
- 122 Burkina Faso -918.24 million BoP, current US$ 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 29.29 million current LCU (2024)
Frequently asked questions
- What is current account balance in Cayman Islands?
- Current account balance in Cayman Islands was -686.07 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Cayman Islands?
- The highest recorded value was -646.84 million BoP, current US$ in 2019.
- What is the lowest current account balance recorded in Cayman Islands?
- The lowest recorded value was -927.54 million BoP, current US$ in 2018.
- How does Cayman Islands rank for current account balance?
- Cayman Islands ranks 119th out of 200 countries with data for 2024.
- Is current account balance rising or falling in Cayman Islands?
- Over the last ten years it is up 2.9%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.