Current account balance in Cayman Islands
Cayman Islands: Current account balance was -8.8% 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 % of GDP.
Analysis
Cayman Islands recorded -8.8% for current account balance in 2024. That is the highest value across all 9 years on record.
Compared with earlier readings it is up 9.1% on the previous year and up 38.6% over ten years.
Over the whole period, current account balance in Cayman Islands peaked at -8.8% in 2024 and was at its lowest, -16.9%, in 2017.
Cayman Islands ranks 170th of 200 countries on this measure, in the bottom quarter.
Current account balance in Cayman Islands, year by year
| Year | % of GDP | 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% | -14.0% |
| 2023 | -9.7% | -13.7% |
| 2024 | -8.8% | -9.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -14.7% | -16.9% | -10.9% | 4 |
| 2020s | -11.9% | -16.3% | -8.8% | 5 |
Countries ranked near Cayman Islands
- 168 Benin -8.2% compare
- 169 Sudan -8.6% compare
- 171 Mauritania -9.6% compare
- 172 Mongolia -10.4% compare
- 173 Mozambique -11.0% compare
More economy & growth data for Cayman Islands
- GDP (current US$), per capita 104,293 current US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.82 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.6391 constant LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 66,652 constant LCU per person (2024)
- GDP (current US$), annual growth rate 6.25 % change on previous year (2024)
- GDP (current LCU), per unit of GDP 0.8333 current LCU per US$ of GDP (2024)
- GDP (constant 2015 US$), annual growth rate 3.76 % change on previous year (2024)
- GDP (current LCU), per capita 86,910 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 79,983 constant 2015 US$ per person (2024)
- GDP (current LCU), annual growth rate 6.25 % change on previous year (2024)
Frequently asked questions
- What is current account balance in Cayman Islands?
- Current account balance in Cayman Islands was -8.8% 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 -8.8% in 2024.
- What is the lowest current account balance recorded in Cayman Islands?
- The lowest recorded value was -16.9% in 2017.
- How does Cayman Islands rank for current account balance?
- Cayman Islands ranks 170th 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 38.6%. 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.