Secondary income, other sectors, payments in Cayman Islands
Cayman Islands: Secondary income, other sectors, payments was 6.25 billion BoP, current US$ in 2024. ◆ Volatile
Secondary income, other sectors, payments in Cayman Islands, 2016–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, secondary income, other sectors, payments in Cayman Islands stood at 6.25 billion BoP, current US$.
Compared with earlier readings it is down 2.3% on the previous year and up 614.7% over ten years.
Over the whole period, secondary income, other sectors, payments in Cayman Islands peaked at 6.40 billion BoP, current US$ in 2023 and was at its lowest, 874.94 million BoP, current US$, in 2016.
Cayman Islands ranks 33rd of 197 countries on this measure, in the top quarter.
Secondary income, other sectors, payments in Cayman Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2016 | 874.94 million BoP, current US$ | — |
| 2017 | 2.92 billion BoP, current US$ | +233.7% |
| 2018 | 2.28 billion BoP, current US$ | -21.8% |
| 2019 | 2.22 billion BoP, current US$ | -2.8% |
| 2020 | 2.06 billion BoP, current US$ | -7.2% |
| 2021 | 4.50 billion BoP, current US$ | +118.6% |
| 2022 | 4.75 billion BoP, current US$ | +5.6% |
| 2023 | 6.40 billion BoP, current US$ | +34.6% |
| 2024 | 6.25 billion BoP, current US$ | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.07 billion BoP, current US$ | 874.94 million BoP, current US$ | 2.92 billion BoP, current US$ | 4 |
| 2020s | 4.79 billion BoP, current US$ | 2.06 billion BoP, current US$ | 6.40 billion BoP, current US$ | 5 |
Countries ranked near Cayman Islands
More economy & growth data for Cayman Islands
- GNI (current LCU), annual growth rate 14.45 % change on previous year (2024)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Manufacturing value added to gdp, per capita 0 units per person (2024)
- Net primary income (Net income from abroad) (current LCU), annual 18.32 % change on previous year (2024)
- Net primary income (Net income from abroad) (current US$), annual 18.32 % change on previous year (2024)
- GNI (current LCU), per capita 70,198 current LCU per person (2024)
- GNI (current LCU), per unit of GDP 0.6731 current LCU per US$ of GDP (2024)
- GNI, Atlas method (current US$), per unit of GDP 0.7854 current US$ per US$ of GDP (2024)
- GNI, Atlas method (current US$), per capita 81,916 current US$ per person (2024)
- GNI (current US$), annual growth rate 14.45 % change on previous year (2024)
Frequently asked questions
- What is secondary income, other sectors, payments in Cayman Islands?
- Secondary income, other sectors, payments in Cayman Islands was 6.25 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest secondary income, other sectors, payments recorded in Cayman Islands?
- The highest recorded value was 6.40 billion BoP, current US$ in 2023.
- What is the lowest secondary income, other sectors, payments recorded in Cayman Islands?
- The lowest recorded value was 874.94 million BoP, current US$ in 2016.
- How does Cayman Islands rank for secondary income, other sectors, payments?
- Cayman Islands ranks 33rd out of 197 countries with data for 2024.
- Is secondary income, other sectors, payments rising or falling in Cayman Islands?
- Over the last ten years it is up 614.7%. The long-run trend across the full record is volatile.
- Where does this Cayman Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Secondary income, other sectors, payments (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 9 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.