Share of products from least-developed countries that have no tariff in Cayman Islands
Cayman Islands: Share of products from least-developed countries that have no tariff was 41.0% in 2024. ▼ Falling
Share of products from least-developed countries that have no tariff in Cayman Islands, 2005–2024
Source: UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data. Measured in %.
Analysis
Cayman Islands recorded 41.0% for share of products from least-developed countries that have no tariff in 2024.
That represents a change of up 1.3% on the previous year and down 29.1% over ten years.
Over the whole period, share of products from least-developed countries that have no tariff in Cayman Islands peaked at 60.6% in 2016 and was at its lowest, 39.1%, in 2022.
Cayman Islands ranks 208th of 230 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Share of products from least-developed countries that have no tariff in Cayman Islands, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 50.5% | — |
| 2010 | 40.6% | -19.7% |
| 2015 | 57.9% | +42.7% |
| 2016 | 60.6% | +4.7% |
| 2017 | 52.2% | -13.9% |
| 2018 | 52.9% | +1.3% |
| 2019 | 46.7% | -11.7% |
| 2020 | 46.7% | +0.0% |
| 2021 | 41.6% | -10.9% |
| 2022 | 39.1% | -5.9% |
| 2023 | 40.5% | +3.5% |
| 2024 | 41.0% | +1.3% |
Cayman Islands compared with similar countries
- Cayman Islands's 41.0% is below the median for high income countries, which is 64.9%, 63% of the median. (80 countries reporting)
- Cayman Islands's 41.0% is below the median for Latin America & Caribbean, which is 68.3%, 60% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 50.5% | 50.5% | 50.5% | 1 |
| 2010s | 51.8% | 40.6% | 60.6% | 6 |
| 2020s | 41.8% | 39.1% | 46.7% | 5 |
Countries ranked near Cayman Islands
- 205 India 42.0% compare
- 206 Micronesia (country) 41.4% compare
- 207 Norfolk Island 41.3% compare
- 209 Puerto Rico 39.7% compare
- 210 Christmas Island 39.7% compare
- 211 Bermuda 39.6% compare
More economy & growth data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$), annual -73.72 % change on previous year (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps -1.74 billion BoP, current US$ (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 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)
- Gross value added at basic prices (GVA) 5.96 billion 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)
- Total reserves 252.10 million includes gold, current US$ (2024)
Frequently asked questions
- What is share of products from least-developed countries that have no tariff in Cayman Islands?
- Share of products from least-developed countries that have no tariff in Cayman Islands was 41.0% in 2024, according to UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data.
- What is the highest share of products from least-developed countries that have no tariff recorded in Cayman Islands?
- The highest recorded value was 60.6% in 2016.
- What is the lowest share of products from least-developed countries that have no tariff recorded in Cayman Islands?
- The lowest recorded value was 39.1% in 2022.
- How does Cayman Islands rank for share of products from least-developed countries that have no tariff?
- Cayman Islands ranks 208th out of 230 countries with data for 2024.
- Is share of products from least-developed countries that have no tariff rising or falling in Cayman Islands?
- Over the last ten years it is down 29.1%. The long-run trend across the full record is falling.
- Where does this Cayman Islands data come from?
- The figures come from UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data, published as part of Share of products from least-developed countries that have no tariff. Statizoid updates them automatically from the source API.
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About this data
Proportion of tariff lines applied to imports with zero-tariff (%).