ICT service exports in Cayman Islands
Cayman Islands: ICT service exports was 0.4% in 2024. ▲ Rising
ICT service exports in Cayman Islands, 2016–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Cayman Islands recorded 0.4% for ict service exports in 2024.
Compared with earlier readings it is down 12.0% on the previous year and up 25.7% over ten years.
Over the whole period, ict service exports in Cayman Islands peaked at 0.7% in 2021 and was at its lowest, 0.3%, in 2016.
Cayman Islands ranks 180th of 189 countries on this measure, in the bottom quarter.
ICT service exports in Cayman Islands, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 2016 | 0.3% | — |
| 2017 | 0.5% | +73.2% |
| 2018 | 0.5% | -13.1% |
| 2019 | 0.4% | -6.0% |
| 2020 | 0.5% | +19.9% |
| 2021 | 0.7% | +42.2% |
| 2022 | 0.5% | -27.7% |
| 2023 | 0.4% | -18.1% |
| 2024 | 0.4% | -12.0% |
Cayman Islands compared with similar countries
- Cayman Islands's 0.4% is below the median for high income countries, which is 7.6%, 5% of the median. (68 countries reporting)
- Cayman Islands's 0.4% is below the median for Latin America & Caribbean, which is 3.1%, 12% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.4% | 0.3% | 0.5% | 4 |
| 2020s | 0.5% | 0.4% | 0.7% | 5 |
Countries ranked near Cayman Islands
- 177 Congo, Democratic Republic of the 0.5% compare
- 178 Bhutan 0.4% compare
- 179 Sint Maarten (Dutch part) 0.4% compare
- 181 Saint Kitts and Nevis 0.4% compare
- 182 Gambia 0.3% compare
- 183 Palau 0.3% 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)
- Services, value added 86.5% (2024)
- Industry (including construction), value added 7.6% (2024)
- Services, value added 6.72 billion current US$ (2024)
- Services, value added 5.60 billion current LCU (2024)
- Foreign direct investment, net inflows 40.9% (2024)
Frequently asked questions
- What is ict service exports in Cayman Islands?
- Ict service exports in Cayman Islands was 0.4% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest ict service exports recorded in Cayman Islands?
- The highest recorded value was 0.7% in 2021.
- What is the lowest ict service exports recorded in Cayman Islands?
- The lowest recorded value was 0.3% in 2016.
- How does Cayman Islands rank for ict service exports?
- Cayman Islands ranks 180th out of 189 countries with data for 2024.
- Is ict service exports rising or falling in Cayman Islands?
- Over the last ten years it is up 25.7%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of ICT service exports (% of service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Information and communication technology service exports include computer and communications services (telecommunications and postal and courier services) and information services (computer data and news-related service transactions).