Gross value added at basic prices (GVA) (constant LCU), annual growth in Cayman Islands
Cayman Islands: Gross value added at basic prices (GVA) (constant LCU), annual growth was 3.82 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (constant LCU), annual growth in Cayman Islands, 2007–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross value added at basic prices (gva) (constant lcu), annual growth in Cayman Islands stood at 3.82 % change on previous year.
The figure is down 37.0% on the previous year and up 68.6% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant lcu), annual growth in Cayman Islands peaked at 6.07 % change on previous year in 2023 and was at its lowest, -6.3 % change on previous year, in 2009.
That places Cayman Islands 80th out of 195 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (constant LCU), annual growth in Cayman Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | 4.31 % change on previous year | — |
| 2008 | -0.2486 % change on previous year | -105.8% |
| 2009 | -6.3 % change on previous year | +2433.9% |
| 2010 | -2.67 % change on previous year | -57.6% |
| 2011 | 1.2 % change on previous year | -144.9% |
| 2012 | 1.25 % change on previous year | +4.6% |
| 2013 | 1.48 % change on previous year | +18.1% |
| 2014 | 2.27 % change on previous year | +53.1% |
| 2015 | 3 % change on previous year | +32.4% |
| 2016 | 2.83 % change on previous year | -5.6% |
| 2017 | 3.27 % change on previous year | +15.3% |
| 2018 | 3.63 % change on previous year | +10.9% |
| 2019 | 4.29 % change on previous year | +18.4% |
| 2020 | -4.13 % change on previous year | -196.2% |
| 2021 | 3.81 % change on previous year | -192.2% |
| 2022 | 6.05 % change on previous year | +58.9% |
| 2023 | 6.07 % change on previous year | +0.4% |
| 2024 | 3.82 % change on previous year | -37.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.7473 % change on previous year | -6.3 % change on previous year | 4.31 % change on previous year | 3 |
| 2010s | 2.06 % change on previous year | -2.67 % change on previous year | 4.29 % change on previous year | 10 |
| 2020s | 3.12 % change on previous year | -4.13 % change on previous year | 6.07 % change on previous year | 5 |
Countries ranked near Cayman Islands
- 77 Mauritania 3.9 % change on previous year compare
- 78 Bangladesh 3.89 % change on previous year compare
- 79 Nigeria 3.87 % change on previous year compare
- 81 Algeria 3.82 % change on previous year compare
- 82 Nepal 3.8 % change on previous year compare
- 83 Vanuatu 3.78 % change on previous year compare
More economy & growth data for Cayman Islands
- GNI (current LCU), annual growth rate 14.45 % change on previous year (2024)
- GNI (current LCU), per capita 70,198 current LCU per person (2024)
- Gdp worldbank constant usd, per unit of GDP 0.8091 units per US$ of GDP (2024)
- Gdp worldbank constant usd, per capita 84,382 units per person (2024)
- GNI (current LCU), per unit of GDP 0.6731 current LCU per US$ of GDP (2024)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Manufacturing value added to gdp, per capita 0 units per person (2024)
- GNI, Atlas method (current US$), per capita 81,916 current US$ per person (2024)
- GNI, Atlas method (current US$), annual growth rate 12.89 % change on previous year (2024)
- GNI, Atlas method (current US$), per unit of GDP 0.7854 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant lcu), annual growth in Cayman Islands?
- Gross value added at basic prices (gva) (constant lcu), annual growth in Cayman Islands was 3.82 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Cayman Islands?
- The highest recorded value was 6.07 % change on previous year in 2023.
- What is the lowest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Cayman Islands?
- The lowest recorded value was -6.3 % change on previous year in 2009.
- How does Cayman Islands rank for gross value added at basic prices (gva) (constant lcu), annual growth?
- Cayman Islands ranks 80th out of 195 countries with data for 2024.
- Is gross value added at basic prices (gva) (constant lcu), annual growth rising or falling in Cayman Islands?
- Over the last ten years it is up 68.6%. The long-run trend across the full record is volatile.
- Where does this Cayman Islands data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.