Imports of goods and services (BoP, current US$) in Cayman Islands
Cayman Islands: Imports of goods and services (BoP, current US$) 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$, in 2016.
Cayman Islands ranks 153rd of 200 countries on this measure, in the bottom quarter.
Imports of goods and services (BoP, current US$) 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% |
Cayman Islands compared with similar countries
- Cayman Islands's 3.77 billion BoP, current US$ is below the median for high income countries, which is 66.46 billion BoP, current US$, 6% of the median. (72 countries reporting)
- Cayman Islands's 3.77 billion BoP, current US$ is below the median for Latin America & Caribbean, which is 10.96 billion BoP, current US$, 34% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.38 billion BoP, current US$ | 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 Congo 4.49 billion BoP, current US$ compare
- 151 South Sudan 4.44 billion BoP, current US$ compare
- 152 Fiji 3.85 billion BoP, current US$ compare
- 154 New Caledonia 3.38 billion BoP, current US$
- 155 Andorra 3.21 billion BoP, current US$ compare
- 156 San Marino 3.14 billion BoP, current US$ compare
More economy & growth data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$), annual -73.72 % change on previous year (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps -1.74 billion BoP, current US$ (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 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)
- Gross value added at basic prices (GVA) 5.96 billion constant 2015 US$ (2024)
- Agriculture, forestry, and fishing, value added 29.29 million current LCU (2024)
- Inflation, consumer prices -0.6% (2016)
- Total reserves minus gold 270.42 million current US$ (2025)
- Total reserves 270.42 million includes gold, current US$ (2025)
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.