Gross value added at basic prices (GVA) in Cayman Islands
Cayman Islands: Gross value added at basic prices (GVA) was 4.96 billion constant LCU in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for gross value added at basic prices (gva) in Cayman Islands is 4.96 billion constant LCU, measured in 2024. That is the highest value across all 19 years on record.
The figure 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 4.96 billion constant LCU in 2024 and was at its lowest, 3.40 billion constant LCU, in 2010.
Cayman Islands ranks 176th of 198 countries on this measure, 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 LCU | Change |
|---|---|---|
| 2006 | 3.58 billion constant LCU | — |
| 2007 | 3.73 billion constant LCU | +4.3% |
| 2008 | 3.72 billion constant LCU | -0.2% |
| 2009 | 3.49 billion constant LCU | -6.3% |
| 2010 | 3.40 billion constant LCU | -2.7% |
| 2011 | 3.44 billion constant LCU | +1.2% |
| 2012 | 3.48 billion constant LCU | +1.3% |
| 2013 | 3.53 billion constant LCU | +1.5% |
| 2014 | 3.61 billion constant LCU | +2.3% |
| 2015 | 3.72 billion constant LCU | +3.0% |
| 2016 | 3.83 billion constant LCU | +2.8% |
| 2017 | 3.95 billion constant LCU | +3.3% |
| 2018 | 4.09 billion constant LCU | +3.6% |
| 2019 | 4.27 billion constant LCU | +4.3% |
| 2020 | 4.09 billion constant LCU | -4.1% |
| 2021 | 4.25 billion constant LCU | +3.8% |
| 2022 | 4.51 billion constant LCU | +6.0% |
| 2023 | 4.78 billion constant LCU | +6.1% |
| 2024 | 4.96 billion constant LCU | +3.8% |
Cayman Islands compared with similar countries
- Cayman Islands's 4.96 billion constant LCU is below the median for high income countries, which is 270.55 billion constant LCU, 2% of the median. (70 countries reporting)
- Cayman Islands's 4.96 billion constant LCU is below the median for Latin America & Caribbean, which is 111.15 billion constant LCU, 4% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.63 billion constant LCU | 3.49 billion constant LCU | 3.73 billion constant LCU | 4 |
| 2010s | 3.73 billion constant LCU | 3.40 billion constant LCU | 4.27 billion constant LCU | 10 |
| 2020s | 4.52 billion constant LCU | 4.09 billion constant LCU | 4.96 billion constant LCU | 5 |
Countries ranked near Cayman Islands
- 174 Monaco 5.73 billion constant LCU compare
- 175 Saint Lucia 5.26 billion constant LCU compare
- 177 Aruba 4.92 billion constant LCU compare
- 178 Belize 4.71 billion constant LCU compare
- 179 Isle of Man 4.62 billion constant LCU 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) 5.96 billion constant 2015 US$ (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 4.96 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Cayman Islands?
- The highest recorded value was 4.96 billion constant LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Cayman Islands?
- The lowest recorded value was 3.40 billion constant LCU in 2010.
- How does Cayman Islands rank for gross value added at basic prices (gva)?
- Cayman Islands ranks 176th out of 198 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 varies by country. This series is expressed in local currency units.