Imports of goods, services and primary income in Cayman Islands
Cayman Islands: Imports of goods, services and primary income was 11.43 billion BoP, current US$ in 2024. ▲ Rising
Imports of goods, services and primary income in Cayman Islands, 2016–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for imports of goods, services and primary income in Cayman Islands is 11.43 billion BoP, current US$, measured in 2024.
The figure is down 4.4% on the previous year and up 86.7% over ten years.
Over the whole period, imports of goods, services and primary income in Cayman Islands peaked at 11.95 billion BoP, current US$ in 2023 and was at its lowest, 6.12 billion BoP, current US$, in 2016.
Cayman Islands ranks 123rd of 200 countries on this measure, in the middle of the range.
Imports of goods, services and primary income in Cayman Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2016 | 6.12 billion BoP, current US$ | — |
| 2017 | 6.53 billion BoP, current US$ | +6.7% |
| 2018 | 8.45 billion BoP, current US$ | +29.3% |
| 2019 | 8.59 billion BoP, current US$ | +1.7% |
| 2020 | 6.59 billion BoP, current US$ | -23.4% |
| 2021 | 6.84 billion BoP, current US$ | +3.8% |
| 2022 | 9.65 billion BoP, current US$ | +41.1% |
| 2023 | 11.95 billion BoP, current US$ | +23.8% |
| 2024 | 11.43 billion BoP, current US$ | -4.4% |
Cayman Islands compared with similar countries
- Cayman Islands's 11.43 billion BoP, current US$ is below the median for high income countries, which is 76.45 billion BoP, current US$, 15% of the median. (72 countries reporting)
- Cayman Islands's 11.43 billion BoP, current US$ is below the median for Latin America & Caribbean, which is 12.64 billion BoP, current US$, 90% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 7.42 billion BoP, current US$ | 6.12 billion BoP, current US$ | 8.59 billion BoP, current US$ | 4 |
| 2020s | 9.29 billion BoP, current US$ | 6.59 billion BoP, current US$ | 11.95 billion BoP, current US$ | 5 |
Countries ranked near Cayman Islands
- 120 Guyana 12.64 billion BoP, current US$ compare
- 121 Trinidad and Tobago 11.77 billion BoP, current US$ compare
- 122 Cameroon 11.51 billion BoP, current US$ compare
- 124 Zimbabwe 11.21 billion BoP, current US$ compare
- 125 Lao People's Democratic Republic 11.09 billion BoP, current US$ compare
- 126 Jamaica 10.44 billion BoP, current US$ compare
More economy & growth data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$), annual -73.72 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), 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)
- Inflation, GDP deflator 2.4% (2024)
- Total reserves 252.10 million includes gold, current US$ (2024)
- Services, value added 6.72 billion current US$ (2024)
- Services, value added 5.60 billion current LCU (2024)
- Services, value added 5.48 billion constant 2015 US$ (2024)
Frequently asked questions
- What is imports of goods, services and primary income in Cayman Islands?
- Imports of goods, services and primary income in Cayman Islands was 11.43 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, services and primary income recorded in Cayman Islands?
- The highest recorded value was 11.95 billion BoP, current US$ in 2023.
- What is the lowest imports of goods, services and primary income recorded in Cayman Islands?
- The lowest recorded value was 6.12 billion BoP, current US$ in 2016.
- How does Cayman Islands rank for imports of goods, services and primary income?
- Cayman Islands ranks 123rd out of 200 countries with data for 2024.
- Is imports of goods, services and primary income rising or falling in Cayman Islands?
- Over the last ten years it is up 86.7%. 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 Imports of goods, services and primary income (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. Primary income represents the return that accrues to institutional units for their contribution to the production process or for the provision of financial assets and renting natural resources to other institutional units. 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.