Manufacturing, value added in Cayman Islands
Cayman Islands: Manufacturing, value added was 0.9% in 2024. ▲ Rising
Manufacturing, 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 manufacturing, value added in Cayman Islands is 0.9%, measured in 2024.
Compared with earlier readings it is down 3.1% on the previous year and up 4.7% over ten years.
Over the whole period, manufacturing, value added in Cayman Islands peaked at 1.0% in 2021 and was at its lowest, 0.8%, in 2011.
Cayman Islands ranks 197th of 205 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Manufacturing, value added in Cayman Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2006 | 0.8% | — |
| 2007 | 0.8% | +5.4% |
| 2008 | 0.8% | +0.5% |
| 2009 | 0.8% | -0.7% |
| 2010 | 0.8% | -7.8% |
| 2011 | 0.8% | -0.5% |
| 2012 | 0.8% | +3.7% |
| 2013 | 0.8% | +1.5% |
| 2014 | 0.8% | +4.1% |
| 2015 | 0.8% | +0.6% |
| 2016 | 0.9% | +3.4% |
| 2017 | 0.8% | -1.2% |
| 2018 | 0.9% | +4.9% |
| 2019 | 0.9% | +1.4% |
| 2020 | 0.9% | +1.5% |
| 2021 | 1.0% | +8.5% |
| 2022 | 0.9% | -8.6% |
| 2023 | 0.9% | -1.8% |
| 2024 | 0.9% | -3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.8% | 0.8% | 0.8% | 4 |
| 2010s | 0.8% | 0.8% | 0.9% | 10 |
| 2020s | 0.9% | 0.9% | 1.0% | 5 |
Countries ranked near Cayman Islands
- 194 Sint Maarten (Dutch part) 1.2% compare
- 195 Tuvalu 1.0% compare
- 196 Hong Kong, China 0.9% compare
- 198 Channel Islands 0.8% compare
- 199 Macau, China 0.6% compare
- 200 Bahamas 0.6% compare
More economy & growth data for Cayman Islands
- GDP (current US$), per capita 104,293 current US$ per person (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$), annual growth rate 6.25 % change on previous year (2024)
- GDP (current LCU), per unit of GDP 0.8333 current LCU per US$ of GDP (2024)
- GDP (constant 2015 US$), annual growth rate 3.76 % change on previous year (2024)
- GDP (current LCU), per capita 86,910 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 79,983 constant 2015 US$ per person (2024)
- GDP (current LCU), annual growth rate 6.25 % change on previous year (2024)
Frequently asked questions
- What is manufacturing, value added in Cayman Islands?
- Manufacturing, value added in Cayman Islands was 0.9% 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 1.0% in 2021.
- What is the lowest manufacturing, value added recorded in Cayman Islands?
- The lowest recorded value was 0.8% in 2011.
- How does Cayman Islands rank for manufacturing, value added?
- Cayman Islands ranks 197th out of 205 countries with data for 2024.
- Is manufacturing, value added rising or falling in Cayman Islands?
- Over the last ten years it is up 4.7%. 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 Manufacturing, value added (% of GDP). 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 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.