Industry (including construction), value added in Cayman Islands
Cayman Islands: Industry (including construction), value added was 375.43 million constant LCU in 2024. ▲ Rising
Industry (including construction), value added in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, industry (including construction), value added in Cayman Islands stood at 375.43 million constant LCU. That is the highest value across all 19 years on record.
Compared with earlier readings it 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 375.43 million constant LCU in 2024 and was at its lowest, 253.69 million constant LCU, in 2011.
That places Cayman Islands 189th out of 200 countries with data for 2024, putting it 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 LCU | Change |
|---|---|---|
| 2006 | 373.36 million constant LCU | — |
| 2007 | 365.59 million constant LCU | -2.1% |
| 2008 | 371.11 million constant LCU | +1.5% |
| 2009 | 302.40 million constant LCU | -18.5% |
| 2010 | 258.48 million constant LCU | -14.5% |
| 2011 | 253.69 million constant LCU | -1.9% |
| 2012 | 257.00 million constant LCU | +1.3% |
| 2013 | 261.31 million constant LCU | +1.7% |
| 2014 | 266.91 million constant LCU | +2.1% |
| 2015 | 274.88 million constant LCU | +3.0% |
| 2016 | 287.36 million constant LCU | +4.5% |
| 2017 | 294.81 million constant LCU | +2.6% |
| 2018 | 309.85 million constant LCU | +5.1% |
| 2019 | 334.03 million constant LCU | +7.8% |
| 2020 | 329.46 million constant LCU | -1.4% |
| 2021 | 350.37 million constant LCU | +6.3% |
| 2022 | 355.40 million constant LCU | +1.4% |
| 2023 | 367.97 million constant LCU | +3.5% |
| 2024 | 375.43 million constant LCU | +2.0% |
Cayman Islands compared with similar countries
- Cayman Islands's 375.43 million constant LCU is below the median for high income countries, which is 57.24 billion constant LCU, 1% of the median. (70 countries reporting)
- Cayman Islands's 375.43 million constant LCU is below the median for Latin America & Caribbean, which is 29.90 billion constant LCU, 1% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 353.11 million constant LCU | 302.40 million constant LCU | 373.36 million constant LCU | 4 |
| 2010s | 279.83 million constant LCU | 253.69 million constant LCU | 334.03 million constant LCU | 10 |
| 2020s | 355.73 million constant LCU | 329.46 million constant LCU | 375.43 million constant LCU | 5 |
Countries ranked near Cayman Islands
- 186 Saint Vincent and the Grenadines 403.14 million constant LCU compare
- 187 Andorra 398.67 million constant LCU compare
- 188 Bermuda 380.83 million constant LCU compare
- 190 Isle of Man 346.02 million constant LCU compare
- 191 Samoa 256.95 million constant LCU compare
- 192 Dominica 233.30 million constant LCU 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 375.43 million constant LCU 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 375.43 million constant LCU in 2024.
- What is the lowest industry (including construction), value added recorded in Cayman Islands?
- The lowest recorded value was 253.69 million constant LCU in 2011.
- How does Cayman Islands rank for industry (including construction), value added?
- Cayman Islands ranks 189th out of 200 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 LCU). 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 varies by country. This series is expressed in local currency units.