Industry (including construction), value added in Cayman Islands
Cayman Islands: Industry (including construction), value added was 593.36 million current US$ in 2024. ▲ Rising
Industry (including construction), value added in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Cayman Islands recorded 593.36 million current US$ 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 593.36 million current US$ in 2024 and was at its lowest, 285.21 million current US$, in 2011.
Cayman Islands ranks 176th of 209 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Industry (including construction), value added in Cayman Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 2006 | 412.83 million current US$ | — |
| 2007 | 431.03 million current US$ | +4.4% |
| 2008 | 416.61 million current US$ | -3.3% |
| 2009 | 338.41 million current US$ | -18.8% |
| 2010 | 293.69 million current US$ | -13.2% |
| 2011 | 285.21 million current US$ | -2.9% |
| 2012 | 294.27 million current US$ | +3.2% |
| 2013 | 305.06 million current US$ | +3.7% |
| 2014 | 314.66 million current US$ | +3.1% |
| 2015 | 329.86 million current US$ | +4.8% |
| 2016 | 357.59 million current US$ | +8.4% |
| 2017 | 371.65 million current US$ | +3.9% |
| 2018 | 410.03 million current US$ | +10.3% |
| 2019 | 458.00 million current US$ | +11.7% |
| 2020 | 460.06 million current US$ | +0.4% |
| 2021 | 507.15 million current US$ | +10.2% |
| 2022 | 531.58 million current US$ | +4.8% |
| 2023 | 556.60 million current US$ | +4.7% |
| 2024 | 593.36 million current US$ | +6.6% |
Cayman Islands compared with similar countries
- Cayman Islands's 593.36 million current US$ is below the median for high income countries, which is 25.19 billion current US$, 2% of the median. (77 countries reporting)
- Cayman Islands's 593.36 million current US$ is below the median for Latin America & Caribbean, which is 8.88 billion current US$, 7% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 399.72 million current US$ | 338.41 million current US$ | 431.03 million current US$ | 4 |
| 2010s | 342.00 million current US$ | 285.21 million current US$ | 458.00 million current US$ | 10 |
| 2020s | 529.75 million current US$ | 460.06 million current US$ | 593.36 million current US$ | 5 |
Countries ranked near Cayman Islands
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 593.36 million current 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 593.36 million current US$ in 2024.
- What is the lowest industry (including construction), value added recorded in Cayman Islands?
- The lowest recorded value was 285.21 million current US$ in 2011.
- How does Cayman Islands rank for industry (including construction), value added?
- Cayman Islands ranks 176th 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 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.