Gross value added at basic prices (GVA) in Cayman Islands
Cayman Islands: Gross value added at basic prices (GVA) was 7.35 billion current US$ 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 current US$.
Analysis
Cayman Islands recorded 7.35 billion current US$ for gross value added at basic prices (gva) in 2024. That is the highest value across all 19 years on record.
That represents a change of 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 7.35 billion current US$ in 2024 and was at its lowest, 3.93 billion current US$, in 2006.
Cayman Islands ranks 159th of 207 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Gross value added at basic prices (GVA) in Cayman Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 2006 | 3.93 billion current US$ | — |
| 2007 | 4.21 billion current US$ | +7.2% |
| 2008 | 4.33 billion current US$ | +2.7% |
| 2009 | 4.07 billion current US$ | -5.9% |
| 2010 | 3.95 billion current US$ | -3.0% |
| 2011 | 3.95 billion current US$ | +0.1% |
| 2012 | 4.05 billion current US$ | +2.4% |
| 2013 | 4.16 billion current US$ | +2.8% |
| 2014 | 4.32 billion current US$ | +3.7% |
| 2015 | 4.46 billion current US$ | +3.5% |
| 2016 | 4.64 billion current US$ | +4.0% |
| 2017 | 4.89 billion current US$ | +5.4% |
| 2018 | 5.20 billion current US$ | +6.2% |
| 2019 | 5.60 billion current US$ | +7.8% |
| 2020 | 5.39 billion current US$ | -3.7% |
| 2021 | 5.70 billion current US$ | +5.7% |
| 2022 | 6.27 billion current US$ | +10.0% |
| 2023 | 6.90 billion current US$ | +10.0% |
| 2024 | 7.35 billion current US$ | +6.5% |
Cayman Islands compared with similar countries
- Cayman Islands's 7.35 billion current US$ is below the median for high income countries, which is 110.20 billion current US$, 7% of the median. (77 countries reporting)
- Cayman Islands's 7.35 billion current US$ is below the median for Latin America & Caribbean, which is 26.28 billion current US$, 28% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.14 billion current US$ | 3.93 billion current US$ | 4.33 billion current US$ | 4 |
| 2010s | 4.52 billion current US$ | 3.95 billion current US$ | 5.60 billion current US$ | 10 |
| 2020s | 6.32 billion current US$ | 5.39 billion current US$ | 7.35 billion current US$ | 5 |
Countries ranked near Cayman Islands
- 156 New Caledonia 8.46 billion current US$ compare
- 157 Liechtenstein 7.97 billion current US$ compare
- 158 Isle of Man 7.55 billion current US$ compare
- 160 Sierra Leone 7.23 billion current US$ compare
- 161 Montenegro 7.20 billion current US$ compare
- 162 Barbados 7.18 billion current US$ 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 7.35 billion current US$ 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 7.35 billion current US$ in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Cayman Islands?
- The lowest recorded value was 3.93 billion current US$ in 2006.
- How does Cayman Islands rank for gross value added at basic prices (gva)?
- Cayman Islands ranks 159th 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). 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 indicator is expressed in United States dollars.