Service exports (BoP, current US$), per unit of GDP in Cayman Islands
Cayman Islands: Service exports (BoP, current US$), per unit of GDP was 0.6138 BoP, current US$ per US$ of GDP in 2024. ▼ Falling
Service exports (BoP, current US$), per unit of GDP in Cayman Islands, 2016–2024
Source: Statizoid (derived). Measured in BoP, current US$ per US$ of GDP.
Analysis
In 2024, service exports (bop, current us$), per unit of gdp in Cayman Islands stood at 0.6138 BoP, current US$ per US$ of GDP.
The figure is down 0.7% on the previous year and down 2.0% over ten years.
Over the whole period, service exports (bop, current us$), per unit of gdp in Cayman Islands peaked at 0.6685 BoP, current US$ per US$ of GDP in 2017 and was at its lowest, 0.5676 BoP, current US$ per US$ of GDP, in 2021.
That places Cayman Islands 14th out of 199 countries with data for 2024, putting it in the top 10%.
Service exports (BoP, current US$), per unit of GDP in Cayman Islands, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 2016 | 0.6266 BoP, current US$ per US$ of GDP | — |
| 2017 | 0.6685 BoP, current US$ per US$ of GDP | +6.7% |
| 2018 | 0.6599 BoP, current US$ per US$ of GDP | -1.3% |
| 2019 | 0.6346 BoP, current US$ per US$ of GDP | -3.8% |
| 2020 | 0.5905 BoP, current US$ per US$ of GDP | -7.0% |
| 2021 | 0.5676 BoP, current US$ per US$ of GDP | -3.9% |
| 2022 | 0.6149 BoP, current US$ per US$ of GDP | +8.3% |
| 2023 | 0.6184 BoP, current US$ per US$ of GDP | +0.6% |
| 2024 | 0.6138 BoP, current US$ per US$ of GDP | -0.7% |
Cayman Islands compared with similar countries
- Cayman Islands's 0.6138 BoP, current US$ per US$ of GDP is above the median for high income countries, which is 0.1868 BoP, current US$ per US$ of GDP, 3.3× the median. (72 countries reporting)
- Cayman Islands's 0.6138 BoP, current US$ per US$ of GDP is above the median for Latin America & Caribbean, which is 0.1133 BoP, current US$ per US$ of GDP, 5.4× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.6474 BoP, current US$ per US$ of GDP | 0.6266 BoP, current US$ per US$ of GDP | 0.6685 BoP, current US$ per US$ of GDP | 4 |
| 2020s | 0.6011 BoP, current US$ per US$ of GDP | 0.5676 BoP, current US$ per US$ of GDP | 0.6184 BoP, current US$ per US$ of GDP | 5 |
Countries ranked near Cayman Islands
- 11 Singapore 0.6994 BoP, current US$ per US$ of GDP compare
- 12 Turks and Caicos Islands 0.6247 BoP, current US$ per US$ of GDP
- 13 San Marino 0.6144 BoP, current US$ per US$ of GDP compare
- 15 Grenada 0.5322 BoP, current US$ per US$ of GDP compare
- 16 Saint Lucia 0.5287 BoP, current US$ per US$ of GDP compare
- 17 Antigua and Barbuda 0.5181 BoP, current US$ per US$ of GDP 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$), per unit of gdp in Cayman Islands?
- Service exports (bop, current us$), per unit of gdp in Cayman Islands was 0.6138 BoP, current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest service exports (bop, current us$), per unit of gdp recorded in Cayman Islands?
- The highest recorded value was 0.6685 BoP, current US$ per US$ of GDP in 2017.
- What is the lowest service exports (bop, current us$), per unit of gdp recorded in Cayman Islands?
- The lowest recorded value was 0.5676 BoP, current US$ per US$ of GDP in 2021.
- How does Cayman Islands rank for service exports (bop, current us$), per unit of gdp?
- Cayman Islands ranks 14th out of 199 countries with data for 2024.
- Is service exports (bop, current us$), per unit of gdp rising or falling in Cayman Islands?
- Over the last ten years it is down 2.0%. 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 Service exports (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Service exports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Service exports (BoP, current US$) ÷ GDP (current US$)
Computed from
- Service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Service exports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.