Service exports (BoP, current US$), annual growth rate in Cayman Islands
Cayman Islands: Service exports (BoP, current US$), annual growth rate was 5.46 % change on previous year in 2024. ◆ Volatile
Service exports (BoP, current US$), annual growth rate in Cayman Islands, 2017–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Cayman Islands recorded 5.46 % change on previous year for service exports (bop, current us$), annual growth rate in 2024.
Compared with earlier readings it is down 47.9% on the previous year and down 55.5% over ten years.
Cayman Islands ranks 136th of 199 countries on this measure, in the middle of the range.
Service exports (BoP, current US$), annual growth rate in Cayman Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2017 | 12.27 % change on previous year | — |
| 2018 | 5.67 % change on previous year | -53.8% |
| 2019 | 3.32 % change on previous year | -41.4% |
| 2020 | -11.44 % change on previous year | -444.3% |
| 2021 | 3.02 % change on previous year | -126.4% |
| 2022 | 18.92 % change on previous year | +526.7% |
| 2023 | 10.48 % change on previous year | -44.6% |
| 2024 | 5.46 % change on previous year | -47.9% |
Cayman Islands compared with similar countries
- Cayman Islands's 5.46 % change on previous year is below the median for high income countries, which is 8.45 % change on previous year, 65% of the median. (71 countries reporting)
- Cayman Islands's 5.46 % change on previous year is above the median for Latin America & Caribbean, which is 4.73 % change on previous year, 1.2× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 7.09 % change on previous year | 3.32 % change on previous year | 12.27 % change on previous year | 3 |
| 2020s | 5.29 % change on previous year | -11.44 % change on previous year | 18.92 % change on previous year | 5 |
Countries ranked near Cayman Islands
- 133 Singapore 5.74 % change on previous year compare
- 134 South Korea 5.71 % change on previous year compare
- 135 Slovakia 5.69 % change on previous year compare
- 137 Montenegro 5.38 % change on previous year compare
- 138 Comoros 5.3 % change on previous year compare
- 139 Bolivia 5.28 % change on previous year compare
More economy & growth data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$), 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 service exports (bop, current us$), annual growth rate in Cayman Islands?
- Service exports (bop, current us$), annual growth rate in Cayman Islands was 5.46 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest service exports (bop, current us$), annual growth rate recorded in Cayman Islands?
- The highest recorded value was 18.92 % change on previous year in 2022.
- What is the lowest service exports (bop, current us$), annual growth rate recorded in Cayman Islands?
- The lowest recorded value was -11.44 % change on previous year in 2020.
- How does Cayman Islands rank for service exports (bop, current us$), annual growth rate?
- Cayman Islands ranks 136th out of 199 countries with data for 2024.
- Is service exports (bop, current us$), annual growth rate rising or falling in Cayman Islands?
- Over the last ten years it is down 55.5%. The long-run trend across the full record is volatile.
- Where does this Cayman Islands data come from?
- The figures come from Statizoid (derived), published as part of Service exports (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 8 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
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
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.