Industry (including construction), value added in Cayman Islands
Cayman Islands: Industry (including construction), value added was 7.6% in 2024. ▼ Falling
Industry (including construction), value added in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for industry (including construction), value added in Cayman Islands is 7.6%, measured in 2024.
The figure is up 0.3% on the previous year and up 10.8% over ten years.
Over the whole period, industry (including construction), value added in Cayman Islands peaked at 9.8% in 2006 and was at its lowest, 6.8%, in 2011.
That places Cayman Islands 199th out of 209 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Industry (including construction), value added in Cayman Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2006 | 9.8% | — |
| 2007 | 9.7% | -1.8% |
| 2008 | 9.1% | -5.9% |
| 2009 | 7.9% | -13.0% |
| 2010 | 7.1% | -10.6% |
| 2011 | 6.8% | -3.6% |
| 2012 | 6.9% | +0.7% |
| 2013 | 6.9% | +1.0% |
| 2014 | 6.9% | -0.4% |
| 2015 | 7.0% | +1.6% |
| 2016 | 7.3% | +4.0% |
| 2017 | 7.2% | -1.2% |
| 2018 | 7.4% | +3.1% |
| 2019 | 7.7% | +4.0% |
| 2020 | 8.1% | +5.5% |
| 2021 | 8.4% | +2.9% |
| 2022 | 8.0% | -4.5% |
| 2023 | 7.6% | -4.7% |
| 2024 | 7.6% | +0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.1% | 7.9% | 9.8% | 4 |
| 2010s | 7.1% | 6.8% | 7.7% | 10 |
| 2020s | 7.9% | 7.6% | 8.4% | 5 |
Countries ranked near Cayman Islands
- 196 Maldives 9.3% compare
- 197 Luxembourg 8.9% compare
- 198 Channel Islands 8.2% compare
- 200 Isle of Man 7.5% compare
- 201 Tuvalu 7.0% compare
- 202 Hong Kong, China 6.2% compare
More economy & growth data for Cayman Islands
- GDP (current LCU), annual growth rate 6.25 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.82 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.6391 constant LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 66,652 constant LCU per person (2024)
- GDP (current US$), annual growth rate 6.25 % change on previous year (2024)
- GDP (current US$), per capita 104,293 current US$ per person (2024)
- GDP (current LCU), per capita 86,910 current LCU per person (2024)
- GDP (constant 2015 US$), per unit of GDP 0.8091 constant 2015 US$ per US$ of GDP (2024)
- GDP (constant 2015 US$), annual growth rate 3.76 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 79,983 constant 2015 US$ per person (2024)
Frequently asked questions
- What is industry (including construction), value added in Cayman Islands?
- Industry (including construction), value added in Cayman Islands was 7.6% 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 9.8% in 2006.
- What is the lowest industry (including construction), value added recorded in Cayman Islands?
- The lowest recorded value was 6.8% in 2011.
- How does Cayman Islands rank for industry (including construction), value added?
- Cayman Islands ranks 199th 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 10.8%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.