Industry (including construction), value added in Cayman Islands
Cayman Islands: Industry (including construction), value added was 494.47 million current LCU in 2024. ▲ Rising
Industry (including construction), value added in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Cayman Islands recorded 494.47 million current LCU for industry (including construction), value added in 2024. That is the highest value across all 19 years on record.
That represents a change of up 6.6% on the previous year and up 88.6% over ten years.
Over the whole period, industry (including construction), value added in Cayman Islands peaked at 494.47 million current LCU in 2024 and was at its lowest, 237.68 million current LCU, in 2011.
That places Cayman Islands 194th out of 209 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 | current LCU | Change |
|---|---|---|
| 2006 | 344.02 million current LCU | — |
| 2007 | 359.19 million current LCU | +4.4% |
| 2008 | 347.18 million current LCU | -3.3% |
| 2009 | 282.00 million current LCU | -18.8% |
| 2010 | 244.74 million current LCU | -13.2% |
| 2011 | 237.68 million current LCU | -2.9% |
| 2012 | 245.23 million current LCU | +3.2% |
| 2013 | 254.21 million current LCU | +3.7% |
| 2014 | 262.22 million current LCU | +3.1% |
| 2015 | 274.88 million current LCU | +4.8% |
| 2016 | 297.99 million current LCU | +8.4% |
| 2017 | 309.71 million current LCU | +3.9% |
| 2018 | 341.69 million current LCU | +10.3% |
| 2019 | 381.66 million current LCU | +11.7% |
| 2020 | 383.38 million current LCU | +0.4% |
| 2021 | 422.62 million current LCU | +10.2% |
| 2022 | 442.98 million current LCU | +4.8% |
| 2023 | 463.83 million current LCU | +4.7% |
| 2024 | 494.47 million current LCU | +6.6% |
Cayman Islands compared with similar countries
- Cayman Islands's 494.47 million current LCU is below the median for high income countries, which is 60.84 billion current LCU, 1% of the median. (77 countries reporting)
- Cayman Islands's 494.47 million current LCU is below the median for Latin America & Caribbean, which is 59.94 billion current LCU, 1% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 333.10 million current LCU | 282.00 million current LCU | 359.19 million current LCU | 4 |
| 2010s | 285.00 million current LCU | 237.68 million current LCU | 381.66 million current LCU | 10 |
| 2020s | 441.46 million current LCU | 383.38 million current LCU | 494.47 million current LCU | 5 |
Countries ranked near Cayman Islands
- 191 Grenada 593.80 million current LCU compare
- 192 Saint Vincent and the Grenadines 511.93 million current LCU compare
- 193 Andorra 509.31 million current LCU compare
- 195 Sao Tome and Principe 474.24 million current LCU compare
- 196 Isle of Man 454.88 million current LCU compare
- 197 Bermuda 450.16 million current 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 494.47 million current 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 494.47 million current LCU in 2024.
- What is the lowest industry (including construction), value added recorded in Cayman Islands?
- The lowest recorded value was 237.68 million current LCU in 2011.
- How does Cayman Islands rank for industry (including construction), value added?
- Cayman Islands ranks 194th out of 209 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 88.6%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.