Merchandise trade as a proportion of GDP (%) in Cayman Islands
Cayman Islands: Merchandise trade as a proportion of GDP (%) was 26.1% in 2023. ▲ Rising
Merchandise trade as a proportion of GDP in Cayman Islands, 2006–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for merchandise trade as a proportion of gdp in Cayman Islands is 26.1%, measured in 2023.
That represents a change of down 5.4% on the previous year and up 11.4% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Cayman Islands peaked at 27.5% in 2022 and was at its lowest, 21.6%, in 2010.
Cayman Islands ranks 202nd of 220 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Merchandise trade as a proportion of GDP (%) in Cayman Islands, year by year
| Year | % | Change |
|---|---|---|
| 2006 | 25.4% | — |
| 2007 | 24.1% | -5.0% |
| 2008 | 25.4% | +5.3% |
| 2009 | 22.5% | -11.2% |
| 2010 | 21.6% | -4.3% |
| 2011 | 23.9% | +10.7% |
| 2012 | 23.3% | -2.4% |
| 2013 | 23.4% | +0.5% |
| 2014 | 23.5% | +0.3% |
| 2015 | 22.3% | -4.9% |
| 2016 | 22.0% | -1.4% |
| 2017 | 22.0% | -0.1% |
| 2018 | 23.4% | +6.2% |
| 2019 | 24.9% | +6.5% |
| 2020 | 24.0% | -3.4% |
| 2021 | 25.6% | +6.6% |
| 2022 | 27.5% | +7.5% |
| 2023 | 26.1% | -5.4% |
Cayman Islands compared with similar countries
- Cayman Islands's 26.1% is below the median for high income countries, which is 56.9%, 46% of the median. (73 countries reporting)
- Cayman Islands's 26.1% is below the median for Latin America & Caribbean, which is 43.3%, 60% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 24.3% | 22.5% | 25.4% | 4 |
| 2010s | 23.0% | 21.6% | 24.9% | 10 |
| 2020s | 25.8% | 24.0% | 27.5% | 4 |
Countries ranked near Cayman Islands
- 199 Comoros 26.9% compare
- 200 Cameroon 26.5% compare
- 201 Turks and Caicos Islands 26.1% compare
- 203 Bangladesh 25.6% compare
- 204 Caribbean 25.4% compare
- 205 Venezuela (Bolivarian Republic of) 24.4% compare
More economy & growth data for Cayman Islands
- 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)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.18 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows 40.9% (2024)
- Inflation, consumer prices -0.6% (2016)
- Total reserves minus gold 270.42 million current US$ (2025)
- Total reserves 270.42 million includes gold, current US$ (2025)
- GDP deflator 123.6 base year varies by country (2024)
- Personal remittances, received 11.50 million current US$ (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Cayman Islands?
- Merchandise trade as a proportion of gdp in Cayman Islands was 26.1% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Cayman Islands?
- The highest recorded value was 27.5% in 2022.
- What is the lowest merchandise trade as a proportion of gdp recorded in Cayman Islands?
- The lowest recorded value was 21.6% in 2010.
- How does Cayman Islands rank for merchandise trade as a proportion of gdp?
- Cayman Islands ranks 202nd out of 220 countries with data for 2023.
- Is merchandise trade as a proportion of gdp rising or falling in Cayman Islands?
- Over the last ten years it is up 11.4%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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