Industry (including construction), value added in Cayman Islands
Cayman Islands: Industry (including construction), value added was 450.52 million constant 2015 US$ in 2024. ▲ Rising
Industry (including construction), value added in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
Cayman Islands recorded 450.52 million constant 2015 US$ for industry (including construction), value added in 2024. That is the highest value across all 19 years on record.
The figure is up 2.0% on the previous year and up 40.7% over ten years.
Over the whole period, industry (including construction), value added in Cayman Islands peaked at 450.52 million constant 2015 US$ in 2024 and was at its lowest, 304.43 million constant 2015 US$, in 2011.
Cayman Islands ranks 169th of 196 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Industry (including construction), value added in Cayman Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2006 | 448.03 million constant 2015 US$ | — |
| 2007 | 438.71 million constant 2015 US$ | -2.1% |
| 2008 | 445.34 million constant 2015 US$ | +1.5% |
| 2009 | 362.88 million constant 2015 US$ | -18.5% |
| 2010 | 310.17 million constant 2015 US$ | -14.5% |
| 2011 | 304.43 million constant 2015 US$ | -1.9% |
| 2012 | 308.40 million constant 2015 US$ | +1.3% |
| 2013 | 313.57 million constant 2015 US$ | +1.7% |
| 2014 | 320.30 million constant 2015 US$ | +2.1% |
| 2015 | 329.86 million constant 2015 US$ | +3.0% |
| 2016 | 344.83 million constant 2015 US$ | +4.5% |
| 2017 | 353.77 million constant 2015 US$ | +2.6% |
| 2018 | 371.82 million constant 2015 US$ | +5.1% |
| 2019 | 400.84 million constant 2015 US$ | +7.8% |
| 2020 | 395.36 million constant 2015 US$ | -1.4% |
| 2021 | 420.45 million constant 2015 US$ | +6.3% |
| 2022 | 426.49 million constant 2015 US$ | +1.4% |
| 2023 | 441.57 million constant 2015 US$ | +3.5% |
| 2024 | 450.52 million constant 2015 US$ | +2.0% |
Cayman Islands compared with similar countries
- Cayman Islands's 450.52 million constant 2015 US$ is below the median for high income countries, which is 27.07 billion constant 2015 US$, 2% of the median. (69 countries reporting)
- Cayman Islands's 450.52 million constant 2015 US$ is below the median for Latin America & Caribbean, which is 6.95 billion constant 2015 US$, 6% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 423.74 million constant 2015 US$ | 362.88 million constant 2015 US$ | 448.03 million constant 2015 US$ | 4 |
| 2010s | 335.80 million constant 2015 US$ | 304.43 million constant 2015 US$ | 400.84 million constant 2015 US$ | 10 |
| 2020s | 426.88 million constant 2015 US$ | 395.36 million constant 2015 US$ | 450.52 million constant 2015 US$ | 5 |
Countries ranked near Cayman Islands
- 166 Central African Republic 557.12 million constant 2015 US$ compare
- 167 Isle of Man 528.64 million constant 2015 US$ compare
- 168 Greenland 495.03 million constant 2015 US$ compare
- 170 Gambia 448.58 million constant 2015 US$ compare
- 171 Andorra 448.53 million constant 2015 US$ compare
- 172 Bermuda 397.09 million constant 2015 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 industry (including construction), value added in Cayman Islands?
- Industry (including construction), value added in Cayman Islands was 450.52 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Cayman Islands?
- The highest recorded value was 450.52 million constant 2015 US$ in 2024.
- What is the lowest industry (including construction), value added recorded in Cayman Islands?
- The lowest recorded value was 304.43 million constant 2015 US$ in 2011.
- How does Cayman Islands rank for industry (including construction), value added?
- Cayman Islands ranks 169th out of 196 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Cayman Islands?
- Over the last ten years it is up 40.7%. 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 Industry (including construction), value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.