Gross value added at basic prices (GVA) in Cayman Islands
Cayman Islands: Gross value added at basic prices (GVA) was 6.12 billion current LCU 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 current LCU.
Analysis
The most recent figure for gross value added at basic prices (gva) in Cayman Islands is 6.12 billion current LCU, measured in 2024. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 6.5% on the previous year and up 70.3% over ten years.
Over the whole period, gross value added at basic prices (gva) in Cayman Islands peaked at 6.12 billion current LCU in 2024 and was at its lowest, 3.28 billion current LCU, in 2006.
Cayman Islands ranks 184th of 207 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 | current LCU | Change |
|---|---|---|
| 2006 | 3.28 billion current LCU | — |
| 2007 | 3.51 billion current LCU | +7.2% |
| 2008 | 3.61 billion current LCU | +2.7% |
| 2009 | 3.39 billion current LCU | -5.9% |
| 2010 | 3.29 billion current LCU | -3.0% |
| 2011 | 3.29 billion current LCU | +0.1% |
| 2012 | 3.37 billion current LCU | +2.4% |
| 2013 | 3.47 billion current LCU | +2.8% |
| 2014 | 3.60 billion current LCU | +3.7% |
| 2015 | 3.72 billion current LCU | +3.5% |
| 2016 | 3.87 billion current LCU | +4.0% |
| 2017 | 4.08 billion current LCU | +5.4% |
| 2018 | 4.33 billion current LCU | +6.2% |
| 2019 | 4.67 billion current LCU | +7.8% |
| 2020 | 4.49 billion current LCU | -3.7% |
| 2021 | 4.75 billion current LCU | +5.7% |
| 2022 | 5.23 billion current LCU | +10.0% |
| 2023 | 5.75 billion current LCU | +10.0% |
| 2024 | 6.12 billion current LCU | +6.5% |
Cayman Islands compared with similar countries
- Cayman Islands's 6.12 billion current LCU is below the median for high income countries, which is 266.17 billion current LCU, 2% of the median. (77 countries reporting)
- Cayman Islands's 6.12 billion current LCU is below the median for Latin America & Caribbean, which is 135.81 billion current LCU, 5% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.45 billion current LCU | 3.28 billion current LCU | 3.61 billion current LCU | 4 |
| 2010s | 3.77 billion current LCU | 3.29 billion current LCU | 4.67 billion current LCU | 10 |
| 2020s | 5.27 billion current LCU | 4.49 billion current LCU | 6.12 billion current LCU | 5 |
Countries ranked near Cayman Islands
- 181 Liechtenstein 7.16 billion current LCU compare
- 182 Montenegro 6.37 billion current LCU compare
- 183 Saint Lucia 6.18 billion current LCU compare
- 185 Isle of Man 6.08 billion current LCU compare
- 186 Aruba 5.85 billion current LCU compare
- 187 Antigua and Barbuda 5.58 billion current 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) 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 6.12 billion current LCU 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 6.12 billion current LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Cayman Islands?
- The lowest recorded value was 3.28 billion current LCU in 2006.
- How does Cayman Islands rank for gross value added at basic prices (gva)?
- Cayman Islands ranks 184th out of 207 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 70.3%. 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) (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.