Secondary income, other sectors, payments (BoP, current US$), per in Cayman Islands
Cayman Islands: Secondary income, other sectors, payments (BoP, current US$), per was 0.8053 BoP, current US$ per US$ of GDP in 2024. ▲ Rising
Secondary income, other sectors, payments (BoP, current US$), per in Cayman Islands, 2016–2024
Source: Statizoid (derived). Measured in BoP, current US$ per US$ of GDP.
Analysis
In 2024, secondary income, other sectors, payments (bop, current us$), per in Cayman Islands stood at 0.8053 BoP, current US$ per US$ of GDP.
The figure is down 8.0% on the previous year and up 351.9% over ten years.
Over the whole period, secondary income, other sectors, payments (bop, current us$), per in Cayman Islands peaked at 0.8755 BoP, current US$ per US$ of GDP in 2023 and was at its lowest, 0.1782 BoP, current US$ per US$ of GDP, in 2016.
That places Cayman Islands 1st out of 197 countries with data for 2024, putting it in the top 10%.
Secondary income, other sectors, payments (BoP, current US$), per in Cayman Islands, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 2016 | 0.1782 BoP, current US$ per US$ of GDP | — |
| 2017 | 0.5651 BoP, current US$ per US$ of GDP | +217.1% |
| 2018 | 0.413 BoP, current US$ per US$ of GDP | -26.9% |
| 2019 | 0.3735 BoP, current US$ per US$ of GDP | -9.6% |
| 2020 | 0.364 BoP, current US$ per US$ of GDP | -2.5% |
| 2021 | 0.7424 BoP, current US$ per US$ of GDP | +103.9% |
| 2022 | 0.7144 BoP, current US$ per US$ of GDP | -3.8% |
| 2023 | 0.8755 BoP, current US$ per US$ of GDP | +22.5% |
| 2024 | 0.8053 BoP, current US$ per US$ of GDP | -8.0% |
Cayman Islands compared with similar countries
- Cayman Islands's 0.8053 BoP, current US$ per US$ of GDP is above the median for high income countries, which is 0.0169 BoP, current US$ per US$ of GDP, 47.7× the median. (72 countries reporting)
- Cayman Islands's 0.8053 BoP, current US$ per US$ of GDP is above the median for Latin America & Caribbean, which is 0.0133 BoP, current US$ per US$ of GDP, 60.7× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.3824 BoP, current US$ per US$ of GDP | 0.1782 BoP, current US$ per US$ of GDP | 0.5651 BoP, current US$ per US$ of GDP | 4 |
| 2020s | 0.7003 BoP, current US$ per US$ of GDP | 0.364 BoP, current US$ per US$ of GDP | 0.8755 BoP, current US$ per US$ of GDP | 5 |
Countries ranked near Cayman Islands
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 secondary income, other sectors, payments (bop, current us$), per in Cayman Islands?
- Secondary income, other sectors, payments (bop, current us$), per in Cayman Islands was 0.8053 BoP, current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest secondary income, other sectors, payments (bop, current us$), per recorded in Cayman Islands?
- The highest recorded value was 0.8755 BoP, current US$ per US$ of GDP in 2023.
- What is the lowest secondary income, other sectors, payments (bop, current us$), per recorded in Cayman Islands?
- The lowest recorded value was 0.1782 BoP, current US$ per US$ of GDP in 2016.
- How does Cayman Islands rank for secondary income, other sectors, payments (bop, current us$), per?
- Cayman Islands ranks 1st out of 197 countries with data for 2024.
- Is secondary income, other sectors, payments (bop, current us$), per rising or falling in Cayman Islands?
- Over the last ten years it is up 351.9%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from Statizoid (derived), published as part of Secondary income, other sectors, payments (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Secondary income, other sectors, payments (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Secondary income, other sectors, payments (BoP, current US$) ÷ GDP (current US$)
Computed from
- Secondary income, other sectors, payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Secondary income, other sectors, payments (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.