Services, value added (constant 2015 US$), annual growth rate in Cayman Islands
Cayman Islands: Services, value added (constant 2015 US$), annual growth rate was 3.93 % change on previous year in 2024. ◆ Volatile
Services, value added (constant 2015 US$), annual growth rate in Cayman Islands, 2007–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, services, value added (constant 2015 us$), annual growth rate in Cayman Islands stood at 3.93 % change on previous year.
The figure is down 38.2% on the previous year and up 96.3% over ten years.
Over the whole period, services, value added (constant 2015 us$), annual growth rate in Cayman Islands peaked at 6.49 % change on previous year in 2022 and was at its lowest, -7.7 % change on previous year, in 2009.
Cayman Islands ranks 82nd of 195 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant 2015 US$), annual growth rate in Cayman Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | 5.29 % change on previous year | — |
| 2008 | -0.4751 % change on previous year | -109.0% |
| 2009 | -7.7 % change on previous year | +1520.8% |
| 2010 | -2.09 % change on previous year | -72.8% |
| 2011 | 1.05 % change on previous year | -150.4% |
| 2012 | 1.83 % change on previous year | +73.8% |
| 2013 | 1.27 % change on previous year | -30.9% |
| 2014 | 2 % change on previous year | +57.9% |
| 2015 | 2.59 % change on previous year | +29.7% |
| 2016 | 2.7 % change on previous year | +4.1% |
| 2017 | 3.31 % change on previous year | +22.5% |
| 2018 | 3.52 % change on previous year | +6.4% |
| 2019 | 4 % change on previous year | +13.8% |
| 2020 | -4.37 % change on previous year | -209.3% |
| 2021 | 3.56 % change on previous year | -181.3% |
| 2022 | 6.49 % change on previous year | +82.6% |
| 2023 | 6.36 % change on previous year | -2.1% |
| 2024 | 3.93 % change on previous year | -38.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.9622 % change on previous year | -7.7 % change on previous year | 5.29 % change on previous year | 3 |
| 2010s | 2.02 % change on previous year | -2.09 % change on previous year | 4 % change on previous year | 10 |
| 2020s | 3.19 % change on previous year | -4.37 % change on previous year | 6.49 % change on previous year | 5 |
Countries ranked near Cayman Islands
More economy & growth data for Cayman Islands
- Manufacturing value added to gdp, per capita 0 units per person (2024)
- GNI (current US$), per capita 84,238 current US$ per person (2024)
- Gdp worldbank constant usd, annual growth rate 3.76 % change on previous year (2024)
- GNI (current US$), per unit of GDP 0.8077 current US$ per US$ of GDP (2024)
- Gdp worldbank constant usd, per unit of GDP 0.8091 units per US$ of GDP (2024)
- Gdp worldbank constant usd, per capita 84,382 units per person (2024)
- GNI (current US$), annual growth rate 14.45 % change on previous year (2024)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- GDP (constant LCU), annual growth rate 3.76 % change on previous year (2024)
- GDP (constant LCU), per unit of GDP 0.6742 constant LCU per US$ of GDP (2024)
Frequently asked questions
- What is services, value added (constant 2015 us$), annual growth rate in Cayman Islands?
- Services, value added (constant 2015 us$), annual growth rate in Cayman Islands was 3.93 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), annual growth rate recorded in Cayman Islands?
- The highest recorded value was 6.49 % change on previous year in 2022.
- What is the lowest services, value added (constant 2015 us$), annual growth rate recorded in Cayman Islands?
- The lowest recorded value was -7.7 % change on previous year in 2009.
- How does Cayman Islands rank for services, value added (constant 2015 us$), annual growth rate?
- Cayman Islands ranks 82nd out of 195 countries with data for 2024.
- Is services, value added (constant 2015 us$), annual growth rate 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 Statizoid (derived), published as part of Services, value added (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
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 Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.