Gross value added at basic prices (GVA) in Cayman Islands
Cayman Islands: Gross value added at basic prices (GVA) was 5.96 billion constant 2015 US$ in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, gross value added at basic prices (gva) in Cayman Islands stood at 5.96 billion constant 2015 US$. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 3.8% on the previous year and up 37.4% over ten years.
Over the whole period, gross value added at basic prices (gva) in Cayman Islands peaked at 5.96 billion constant 2015 US$ in 2024 and was at its lowest, 4.08 billion constant 2015 US$, in 2010.
That places Cayman Islands 155th out of 194 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Gross value added at basic prices (GVA) in Cayman Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2006 | 4.30 billion constant 2015 US$ | — |
| 2007 | 4.48 billion constant 2015 US$ | +4.3% |
| 2008 | 4.47 billion constant 2015 US$ | -0.2% |
| 2009 | 4.19 billion constant 2015 US$ | -6.3% |
| 2010 | 4.08 billion constant 2015 US$ | -2.7% |
| 2011 | 4.12 billion constant 2015 US$ | +1.2% |
| 2012 | 4.18 billion constant 2015 US$ | +1.3% |
| 2013 | 4.24 billion constant 2015 US$ | +1.5% |
| 2014 | 4.33 billion constant 2015 US$ | +2.3% |
| 2015 | 4.46 billion constant 2015 US$ | +3.0% |
| 2016 | 4.59 billion constant 2015 US$ | +2.8% |
| 2017 | 4.74 billion constant 2015 US$ | +3.3% |
| 2018 | 4.91 billion constant 2015 US$ | +3.6% |
| 2019 | 5.12 billion constant 2015 US$ | +4.3% |
| 2020 | 4.91 billion constant 2015 US$ | -4.1% |
| 2021 | 5.10 billion constant 2015 US$ | +3.8% |
| 2022 | 5.41 billion constant 2015 US$ | +6.0% |
| 2023 | 5.74 billion constant 2015 US$ | +6.1% |
| 2024 | 5.96 billion constant 2015 US$ | +3.8% |
Cayman Islands compared with similar countries
- Cayman Islands's 5.96 billion constant 2015 US$ is below the median for high income countries, which is 96.66 billion constant 2015 US$, 6% of the median. (69 countries reporting)
- Cayman Islands's 5.96 billion constant 2015 US$ is below the median for Latin America & Caribbean, which is 23.67 billion constant 2015 US$, 25% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.36 billion constant 2015 US$ | 4.19 billion constant 2015 US$ | 4.48 billion constant 2015 US$ | 4 |
| 2010s | 4.48 billion constant 2015 US$ | 4.08 billion constant 2015 US$ | 5.12 billion constant 2015 US$ | 10 |
| 2020s | 5.42 billion constant 2015 US$ | 4.91 billion constant 2015 US$ | 5.96 billion constant 2015 US$ | 5 |
Countries ranked near Cayman Islands
- 152 Bermuda 7.27 billion constant 2015 US$ compare
- 153 Isle of Man 7.06 billion constant 2015 US$ compare
- 154 Maldives 5.98 billion constant 2015 US$ compare
- 156 Barbados 5.89 billion constant 2015 US$ compare
- 157 Eswatini 4.69 billion constant 2015 US$ compare
- 158 Montenegro 4.43 billion constant 2015 US$ 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) 4.96 billion constant LCU (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)
- Total reserves 252.10 million includes gold, current US$ (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in Cayman Islands?
- Gross value added at basic prices (gva) in Cayman Islands was 5.96 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Cayman Islands?
- The highest recorded value was 5.96 billion constant 2015 US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Cayman Islands?
- The lowest recorded value was 4.08 billion constant 2015 US$ in 2010.
- How does Cayman Islands rank for gross value added at basic prices (gva)?
- Cayman Islands ranks 155th out of 194 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Cayman Islands?
- Over the last ten years it is up 37.4%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.