Manufacturing, value added in Cayman Islands
Cayman Islands: Manufacturing, value added was -3.4% in 2024. ◆ Volatile
Manufacturing, value added in Cayman Islands, 2007–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, manufacturing, value added in Cayman Islands stood at -3.4%.
That represents a change of down 102.7% on the previous year and down 263.5% over ten years.
Over the whole period, manufacturing, value added in Cayman Islands peaked at 10.5% in 2008 and was at its lowest, -9.0%, in 2010.
That places Cayman Islands 170th out of 190 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Manufacturing, value added in Cayman Islands, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2007 | 5.2% | — |
| 2008 | 10.5% | +101.1% |
| 2009 | -8.1% | -177.5% |
| 2010 | -9.0% | +10.8% |
| 2011 | -0.7% | -92.0% |
| 2012 | 4.0% | -648.9% |
| 2013 | 2.5% | -36.2% |
| 2014 | 2.1% | -17.5% |
| 2015 | 2.0% | -1.5% |
| 2016 | 8.1% | +294.2% |
| 2017 | 2.5% | -69.2% |
| 2018 | 7.5% | +203.2% |
| 2019 | 5.0% | -33.6% |
| 2020 | -6.7% | -234.7% |
| 2021 | 10.4% | -254.2% |
| 2022 | -6.7% | -164.5% |
| 2023 | -1.7% | -75.0% |
| 2024 | -3.4% | +102.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.5% | -8.1% | 10.5% | 3 |
| 2010s | 2.4% | -9.0% | 8.1% | 10 |
| 2020s | -1.6% | -6.7% | 10.4% | 5 |
Countries ranked near Cayman Islands
- 167 Belize -3.0% compare
- 168 Luxembourg -3.2% compare
- 169 Romania -3.4% compare
- 171 Iceland -3.5% compare
- 172 Mozambique -3.8% compare
- 173 Marshall Islands -4.3% compare
More economy & growth data for Cayman Islands
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1.14 (2025)
- Taxes less subsidies on products (current US$), annual growth rate 1.4 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0536 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), per capita 5,593 current US$ per person (2024)
- Taxes less subsidies on products (current LCU), annual growth rate 1.4 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0447 current LCU per US$ of GDP (2024)
- Taxes less subsidies on products (current LCU), per capita 4,661 current LCU per person (2024)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.8762 (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Gdp worldbank constant usd, per capita 84,382 units per person (2024)
Frequently asked questions
- What is manufacturing, value added in Cayman Islands?
- Manufacturing, value added in Cayman Islands was -3.4% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Cayman Islands?
- The highest recorded value was 10.5% in 2008.
- What is the lowest manufacturing, value added recorded in Cayman Islands?
- The lowest recorded value was -9.0% in 2010.
- How does Cayman Islands rank for manufacturing, value added?
- Cayman Islands ranks 170th out of 190 countries with data for 2024.
- Is manufacturing, value added rising or falling in Cayman Islands?
- Over the last ten years it is down 263.5%. The long-run trend across the full record is volatile.
- Where does this Cayman Islands data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Manufacturing, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.