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 175th of 197 countries on this measure, 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 | 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
- 173 Monaco 5.73 billion constant LCU compare
- 174 Saint Lucia 5.26 billion constant LCU compare
- 176 Aruba 4.92 billion constant LCU compare
- 177 Belize 4.71 billion constant LCU compare
- 178 Isle of Man 4.62 billion constant LCU 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 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 175th out of 197 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.
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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 varies by country. This series is expressed in local currency units.