Personal remittances, received (current US$), per unit of GDP in Cayman Islands
Cayman Islands: Personal remittances, received (current US$), per unit of GDP was 0.0015 current US$ per US$ of GDP in 2024. ▼ Falling
Personal remittances, received (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, received (current us$), per unit of gdp in Cayman Islands stood at 0.0015 current US$ per US$ of GDP. That is the lowest value across all 9 years on record.
That represents a change of down 0.2% on the previous year and down 46.2% over ten years.
Over the whole period, personal remittances, received (current us$), per unit of gdp in Cayman Islands peaked at 0.003 current US$ per US$ of GDP in 2017 and was at its lowest, 0.0015 current US$ per US$ of GDP, in 2024.
Cayman Islands ranks 172nd of 196 countries on this measure, in the bottom quarter.
Personal remittances, received (current US$), per unit of GDP in Cayman Islands, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 2016 | 0.0028 current US$ per US$ of GDP | — |
| 2017 | 0.003 current US$ per US$ of GDP | +9.6% |
| 2018 | 0.0026 current US$ per US$ of GDP | -14.5% |
| 2019 | 0.0024 current US$ per US$ of GDP | -7.6% |
| 2020 | 0.0016 current US$ per US$ of GDP | -33.1% |
| 2021 | 0.0017 current US$ per US$ of GDP | +5.8% |
| 2022 | 0.0019 current US$ per US$ of GDP | +13.7% |
| 2023 | 0.0015 current US$ per US$ of GDP | -22.6% |
| 2024 | 0.0015 current US$ per US$ of GDP | -0.2% |
Cayman Islands compared with similar countries
- Cayman Islands's 0.0015 current US$ per US$ of GDP is below the median for high income countries, which is 0.007 current US$ per US$ of GDP, 21% of the median. (69 countries reporting)
- Cayman Islands's 0.0015 current US$ per US$ of GDP is below the median for Latin America & Caribbean, which is 0.0287 current US$ per US$ of GDP, 5% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.0027 current US$ per US$ of GDP | 0.0024 current US$ per US$ of GDP | 0.003 current US$ per US$ of GDP | 4 |
| 2020s | 0.0016 current US$ per US$ of GDP | 0.0015 current US$ per US$ of GDP | 0.0019 current US$ per US$ of GDP | 5 |
Countries ranked near Cayman Islands
- 169 Uruguay 0.0018 current US$ per US$ of GDP compare
- 170 New Zealand 0.0016 current US$ per US$ of GDP compare
- 171 China 0.0015 current US$ per US$ of GDP compare
- 173 Argentina 0.0013 current US$ per US$ of GDP compare
- 174 United Kingdom of Great Britain and Northern Ireland 0.0013 current US$ per US$ of GDP compare
- 175 Gabon 0.0013 current US$ per US$ of GDP
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) 4.96 billion constant LCU (2024)
- Agriculture, forestry, and fishing, value added 16.2% (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)
Frequently asked questions
- What is personal remittances, received (current us$), per unit of gdp in Cayman Islands?
- Personal remittances, received (current us$), per unit of gdp in Cayman Islands was 0.0015 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest personal remittances, received (current us$), per unit of gdp recorded in Cayman Islands?
- The highest recorded value was 0.003 current US$ per US$ of GDP in 2017.
- What is the lowest personal remittances, received (current us$), per unit of gdp recorded in Cayman Islands?
- The lowest recorded value was 0.0015 current US$ per US$ of GDP in 2024.
- How does Cayman Islands rank for personal remittances, received (current us$), per unit of gdp?
- Cayman Islands ranks 172nd out of 196 countries with data for 2024.
- Is personal remittances, received (current us$), per unit of gdp rising or falling in Cayman Islands?
- Over the last ten years it is down 46.2%. The long-run trend across the full record is falling.
- Where does this Cayman Islands data come from?
- The figures come from Statizoid (derived), published as part of Personal remittances, received (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Personal remittances, received (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Personal remittances, received (current US$) ÷ GDP (current US$)
Computed from
- Personal remittances, received IMF balance of payments data, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Personal remittances, received (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.