Personal remittances, paid (current US$), per unit of GDP in Cayman Islands
Cayman Islands: Personal remittances, paid (current US$), per unit of GDP was 0.0779 current US$ per US$ of GDP in 2024. ▬ Flat
Personal remittances, paid (current US$), per unit of GDP in Cayman Islands, 2016–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
In 2024, personal remittances, paid (current us$), per unit of gdp in Cayman Islands stood at 0.0779 current US$ per US$ of GDP.
The figure is down 5.7% on the previous year and up 3.0% over ten years.
Over the whole period, personal remittances, paid (current us$), per unit of gdp in Cayman Islands peaked at 0.087 current US$ per US$ of GDP in 2020 and was at its lowest, 0.0756 current US$ per US$ of GDP, in 2016.
Cayman Islands ranks 10th of 195 countries on this measure, in the top 10%.
Personal remittances, paid (current US$), per unit of GDP in Cayman Islands, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 2016 | 0.0756 current US$ per US$ of GDP | — |
| 2017 | 0.0765 current US$ per US$ of GDP | +1.1% |
| 2018 | 0.0812 current US$ per US$ of GDP | +6.2% |
| 2019 | 0.0843 current US$ per US$ of GDP | +3.8% |
| 2020 | 0.087 current US$ per US$ of GDP | +3.2% |
| 2021 | 0.0812 current US$ per US$ of GDP | -6.7% |
| 2022 | 0.081 current US$ per US$ of GDP | -0.3% |
| 2023 | 0.0826 current US$ per US$ of GDP | +2.0% |
| 2024 | 0.0779 current US$ per US$ of GDP | -5.7% |
Cayman Islands compared with similar countries
- Cayman Islands's 0.0779 current US$ per US$ of GDP is above the median for high income countries, which is 0.0111 current US$ per US$ of GDP, 7.0× the median. (71 countries reporting)
- Cayman Islands's 0.0779 current US$ per US$ of GDP is above the median for Latin America & Caribbean, which is 0.0083 current US$ per US$ of GDP, 9.4× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.0794 current US$ per US$ of GDP | 0.0756 current US$ per US$ of GDP | 0.0843 current US$ per US$ of GDP | 4 |
| 2020s | 0.0819 current US$ per US$ of GDP | 0.0779 current US$ per US$ of GDP | 0.087 current US$ per US$ of GDP | 5 |
Countries ranked near Cayman Islands
- 7 Lebanon 0.0884 current US$ per US$ of GDP compare
- 8 Maldives 0.0882 current US$ per US$ of GDP compare
- 9 Oman 0.0857 current US$ per US$ of GDP compare
- 11 Mauritius 0.0751 current US$ per US$ of GDP compare
- 12 East Timor 0.0651 current US$ per US$ of GDP compare
- 13 Palau 0.0636 current US$ per US$ of GDP compare
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) 5.96 billion constant 2015 US$ (2024)
- Agriculture, forestry, and fishing, value added 23.72 million constant 2015 US$ (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)
Frequently asked questions
- What is personal remittances, paid (current us$), per unit of gdp in Cayman Islands?
- Personal remittances, paid (current us$), per unit of gdp in Cayman Islands was 0.0779 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest personal remittances, paid (current us$), per unit of gdp recorded in Cayman Islands?
- The highest recorded value was 0.087 current US$ per US$ of GDP in 2020.
- What is the lowest personal remittances, paid (current us$), per unit of gdp recorded in Cayman Islands?
- The lowest recorded value was 0.0756 current US$ per US$ of GDP in 2016.
- How does Cayman Islands rank for personal remittances, paid (current us$), per unit of gdp?
- Cayman Islands ranks 10th out of 195 countries with data for 2024.
- Is personal remittances, paid (current us$), per unit of gdp rising or falling in Cayman Islands?
- Over the last ten years it is up 3.0%. The long-run trend across the full record is flat.
- Where does this Cayman Islands data come from?
- The figures come from Statizoid (derived), published as part of Personal remittances, paid (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Personal remittances, paid (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Personal remittances, paid (current US$) ÷ GDP (current US$)
Computed from
- Personal remittances, paid IMF balance of payments data, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Personal remittances, paid (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.