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$, in 2010.
That places Cayman Islands 153rd out of 192 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.36 billion constant 2015 US$ | 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
- 150 Bermuda 7.27 billion constant 2015 US$ compare
- 151 Isle of Man 7.06 billion constant 2015 US$ compare
- 152 Maldives 5.98 billion constant 2015 US$ compare
- 154 Barbados 5.89 billion constant 2015 US$ compare
- 155 Eswatini 4.69 billion constant 2015 US$ compare
- 156 Montenegro 4.43 billion constant 2015 US$ compare
More economy & growth data for Cayman Islands
- Inflation of consumer prices -0.6% (2016)
- GDP per capita 84,382 constant 2015 US$ (2024)
- Share of manufacturing in gross domestic product (GDP) 0.9% (2024)
- Gross domestic product (GDP) 6.28 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 84,382 constant 2015 US$ (2024)
- DEC alternative conversion factor 0.8333 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -379.90 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -455.88 million current US$ (2024)
- Taxes less subsidies on products 347.01 million current LCU (2024)
- Taxes less subsidies on products 416.41 million 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 153rd out of 192 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.
Download this data
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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.