Service imports (BoP, current US$), per unit of GDP in Cayman Islands
Cayman Islands: Service imports (BoP, current US$), per unit of GDP was 0.2571 BoP, current US$ per US$ of GDP in 2024. ▲ Rising
Service imports (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
Cayman Islands recorded 0.2571 BoP, current US$ per US$ of GDP for service imports (bop, current us$), per unit of gdp in 2024. That is the highest value across all 9 years on record.
Compared with earlier readings it is up 2.8% on the previous year and up 14.9% over ten years.
Over the whole period, service imports (bop, current us$), per unit of gdp in Cayman Islands peaked at 0.2571 BoP, current US$ per US$ of GDP in 2024 and was at its lowest, 0.2237 BoP, current US$ per US$ of GDP, in 2016.
That places Cayman Islands 23rd out of 199 countries with data for 2024, putting it in the top quarter.
Service imports (BoP, current US$), per unit of GDP in Cayman Islands, year by year
| Year | BoP, current US$ per US$ of GDP | Change |
|---|---|---|
| 2016 | 0.2237 BoP, current US$ per US$ of GDP | — |
| 2017 | 0.242 BoP, current US$ per US$ of GDP | +8.2% |
| 2018 | 0.2513 BoP, current US$ per US$ of GDP | +3.8% |
| 2019 | 0.2375 BoP, current US$ per US$ of GDP | -5.5% |
| 2020 | 0.2256 BoP, current US$ per US$ of GDP | -5.0% |
| 2021 | 0.2353 BoP, current US$ per US$ of GDP | +4.3% |
| 2022 | 0.2523 BoP, current US$ per US$ of GDP | +7.2% |
| 2023 | 0.2501 BoP, current US$ per US$ of GDP | -0.9% |
| 2024 | 0.2571 BoP, current US$ per US$ of GDP | +2.8% |
Cayman Islands compared with similar countries
- Cayman Islands's 0.2571 BoP, current US$ per US$ of GDP is above the median for high income countries, which is 0.1373 BoP, current US$ per US$ of GDP, 1.9× the median. (72 countries reporting)
- Cayman Islands's 0.2571 BoP, current US$ per US$ of GDP is above the median for Latin America & Caribbean, which is 0.1035 BoP, current US$ per US$ of GDP, 2.5× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.2386 BoP, current US$ per US$ of GDP | 0.2237 BoP, current US$ per US$ of GDP | 0.2513 BoP, current US$ per US$ of GDP | 4 |
| 2020s | 0.2441 BoP, current US$ per US$ of GDP | 0.2256 BoP, current US$ per US$ of GDP | 0.2571 BoP, current US$ per US$ of GDP | 5 |
Countries ranked near Cayman Islands
- 20 Maldives 0.2679 BoP, current US$ per US$ of GDP compare
- 21 Antigua and Barbuda 0.2628 BoP, current US$ per US$ of GDP compare
- 22 Bahrain 0.2621 BoP, current US$ per US$ of GDP compare
- 24 Andorra 0.2562 BoP, current US$ per US$ of GDP compare
- 25 Estonia 0.256 BoP, current US$ per US$ of GDP compare
- 26 Saint Lucia 0.2529 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 imports (bop, current us$), per unit of gdp in Cayman Islands?
- Service imports (bop, current us$), per unit of gdp in Cayman Islands was 0.2571 BoP, current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest service imports (bop, current us$), per unit of gdp recorded in Cayman Islands?
- The highest recorded value was 0.2571 BoP, current US$ per US$ of GDP in 2024.
- What is the lowest service imports (bop, current us$), per unit of gdp recorded in Cayman Islands?
- The lowest recorded value was 0.2237 BoP, current US$ per US$ of GDP in 2016.
- How does Cayman Islands rank for service imports (bop, current us$), per unit of gdp?
- Cayman Islands ranks 23rd out of 199 countries with data for 2024.
- Is service imports (bop, current us$), per unit of gdp rising or falling in Cayman Islands?
- Over the last ten years it is up 14.9%. 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 Service imports (BoP, current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Service imports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Service imports (BoP, current US$) ÷ GDP (current US$)
Computed from
- Service imports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Service imports (BoP, current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.