Services, value added in Cayman Islands
Cayman Islands: Services, value added was 3.9% in 2024. ◆ Volatile
Services, value added in Cayman Islands, 2007–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
Cayman Islands recorded 3.9% for services, value added in 2024.
That represents a change of down 38.2% on the previous year and up 96.3% over ten years.
Over the whole period, services, value added in Cayman Islands peaked at 6.5% in 2022 and was at its lowest, -7.7%, in 2009.
That places Cayman Islands 82nd out of 195 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.0% | -7.7% | 5.3% | 3 |
| 2010s | 2.0% | -2.1% | 4.0% | 10 |
| 2020s | 3.2% | -4.4% | 6.5% | 5 |
Countries ranked near Cayman Islands
More economy & growth data for Cayman Islands
- Inflation of consumer prices -0.6% (2016)
- GDP per capita 84,382 constant 2015 US$ (2024)
- Share of manufacturing in gross domestic product (GDP) 0.9% (2024)
- Gross domestic product (GDP) 6.28 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 84,382 constant 2015 US$ (2024)
- DEC alternative conversion factor 0.8333 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -379.90 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -455.88 million current US$ (2024)
- Taxes less subsidies on products 347.01 million current LCU (2024)
- Taxes less subsidies on products 416.41 million current US$ (2024)
Frequently asked questions
- What is services, value added in Cayman Islands?
- Services, value added in Cayman Islands was 3.9% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Cayman Islands?
- The highest recorded value was 6.5% in 2022.
- What is the lowest services, value added recorded in Cayman Islands?
- The lowest recorded value was -7.7% in 2009.
- How does Cayman Islands rank for services, value added?
- Cayman Islands ranks 82nd out of 195 countries with data for 2024.
- Is services, value added rising or falling in Cayman Islands?
- Over the last ten years it is up 96.3%. The long-run trend across the full record is volatile.
- Where does this Cayman Islands data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.