Imports of goods and services in Cayman Islands
Cayman Islands: Imports of goods and services was 3.77 billion BoP, current US$ in 2024. ▲ Rising
Imports of goods and services in Cayman Islands, 2016–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for imports of goods and services in Cayman Islands is 3.77 billion BoP, current US$, measured in 2024. That is the highest value across all 9 years on record.
The figure is up 8.8% on the previous year and up 87.1% over ten years.
Over the whole period, imports of goods and services in Cayman Islands peaked at 3.77 billion BoP, current US$ in 2024 and was at its lowest, 2.02 billion BoP, current US$, in 2016.
Cayman Islands ranks 153rd of 200 countries on this measure, in the bottom quarter.
Imports of goods and services in Cayman Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2016 | 2.02 billion BoP, current US$ | — |
| 2017 | 2.24 billion BoP, current US$ | +11.2% |
| 2018 | 2.52 billion BoP, current US$ | +12.3% |
| 2019 | 2.74 billion BoP, current US$ | +8.9% |
| 2020 | 2.51 billion BoP, current US$ | -8.5% |
| 2021 | 2.81 billion BoP, current US$ | +11.8% |
| 2022 | 3.29 billion BoP, current US$ | +17.1% |
| 2023 | 3.47 billion BoP, current US$ | +5.5% |
| 2024 | 3.77 billion BoP, current US$ | +8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.38 billion BoP, current US$ | 2.02 billion BoP, current US$ | 2.74 billion BoP, current US$ | 4 |
| 2020s | 3.17 billion BoP, current US$ | 2.51 billion BoP, current US$ | 3.77 billion BoP, current US$ | 5 |
Countries ranked near Cayman Islands
- 150 South Sudan 4.44 billion BoP, current US$ compare
- 151 Malawi 3.92 billion BoP, current US$ compare
- 152 Fiji 3.85 billion BoP, current US$ compare
- 154 New Caledonia 3.38 billion BoP, current US$
- 155 San Marino 3.14 billion BoP, current US$ compare
- 156 Niger 3.04 billion BoP, current US$ compare
More economy & growth data for Cayman Islands
- GDP (current US$), per capita 104,293 current US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.82 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.6391 constant LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 66,652 constant LCU per person (2024)
- GDP (current US$), annual growth rate 6.25 % change on previous year (2024)
- GDP (current LCU), per unit of GDP 0.8333 current LCU per US$ of GDP (2024)
- GDP (constant 2015 US$), annual growth rate 3.76 % change on previous year (2024)
- GDP (current LCU), per capita 86,910 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 79,983 constant 2015 US$ per person (2024)
- GDP (current LCU), annual growth rate 6.25 % change on previous year (2024)
Frequently asked questions
- What is imports of goods and services in Cayman Islands?
- Imports of goods and services in Cayman Islands was 3.77 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest imports of goods and services recorded in Cayman Islands?
- The highest recorded value was 3.77 billion BoP, current US$ in 2024.
- What is the lowest imports of goods and services recorded in Cayman Islands?
- The lowest recorded value was 2.02 billion BoP, current US$ in 2016.
- How does Cayman Islands rank for imports of goods and services?
- Cayman Islands ranks 153rd out of 200 countries with data for 2024.
- Is imports of goods and services rising or falling in Cayman Islands?
- Over the last ten years it is up 87.1%. 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 Imports of goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. 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.