Services, value added (constant 2015 US$), per unit of GDP (unit GDP) in Cayman Islands
Cayman Islands: Services, value added (constant 2015 US$), per unit of GDP (unit GDP) was 0.7058 constant 2015 US$ per US$ of GDP in 2024. ▼ Falling
Services, value added (constant 2015 US$), per unit of GDP in Cayman Islands, 2006–2024
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
The most recent figure for services, value added (constant 2015 us$), per unit of gdp in Cayman Islands is 0.7058 constant 2015 US$ per US$ of GDP, measured in 2024. That is the lowest value across all 19 years on record.
The figure is down 2.2% on the previous year and down 19.7% over ten years.
Over the whole period, services, value added (constant 2015 us$), per unit of gdp in Cayman Islands peaked at 0.9491 constant 2015 US$ per US$ of GDP in 2006 and was at its lowest, 0.7058 constant 2015 US$ per US$ of GDP, in 2024.
Cayman Islands ranks 13th of 195 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 19 years of available data.
Services, value added (constant 2015 US$), per unit of GDP (unit GDP) in Cayman Islands, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 2006 | 0.9491 constant 2015 US$ per US$ of GDP | — |
| 2007 | 0.9398 constant 2015 US$ per US$ of GDP | -1.0% |
| 2008 | 0.9109 constant 2015 US$ per US$ of GDP | -3.1% |
| 2009 | 0.9005 constant 2015 US$ per US$ of GDP | -1.1% |
| 2010 | 0.9082 constant 2015 US$ per US$ of GDP | +0.8% |
| 2011 | 0.9113 constant 2015 US$ per US$ of GDP | +0.3% |
| 2012 | 0.9053 constant 2015 US$ per US$ of GDP | -0.7% |
| 2013 | 0.8929 constant 2015 US$ per US$ of GDP | -1.4% |
| 2014 | 0.8794 constant 2015 US$ per US$ of GDP | -1.5% |
| 2015 | 0.8744 constant 2015 US$ per US$ of GDP | -0.6% |
| 2016 | 0.8612 constant 2015 US$ per US$ of GDP | -1.5% |
| 2017 | 0.8454 constant 2015 US$ per US$ of GDP | -1.8% |
| 2018 | 0.8176 constant 2015 US$ per US$ of GDP | -3.3% |
| 2019 | 0.7914 constant 2015 US$ per US$ of GDP | -3.2% |
| 2020 | 0.7951 constant 2015 US$ per US$ of GDP | +0.5% |
| 2021 | 0.7683 constant 2015 US$ per US$ of GDP | -3.4% |
| 2022 | 0.7453 constant 2015 US$ per US$ of GDP | -3.0% |
| 2023 | 0.7216 constant 2015 US$ per US$ of GDP | -3.2% |
| 2024 | 0.7058 constant 2015 US$ per US$ of GDP | -2.2% |
Cayman Islands compared with similar countries
- Cayman Islands's 0.7058 constant 2015 US$ per US$ of GDP is above the median for high income countries, which is 0.529 constant 2015 US$ per US$ of GDP, 1.3× the median. (69 countries reporting)
- Cayman Islands's 0.7058 constant 2015 US$ per US$ of GDP is above the median for Latin America & Caribbean, which is 0.5212 constant 2015 US$ per US$ of GDP, 1.4× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.9251 constant 2015 US$ per US$ of GDP | 0.9005 constant 2015 US$ per US$ of GDP | 0.9491 constant 2015 US$ per US$ of GDP | 4 |
| 2010s | 0.8687 constant 2015 US$ per US$ of GDP | 0.7914 constant 2015 US$ per US$ of GDP | 0.9113 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.7472 constant 2015 US$ per US$ of GDP | 0.7058 constant 2015 US$ per US$ of GDP | 0.7951 constant 2015 US$ per US$ of GDP | 5 |
Countries ranked near Cayman Islands
- 10 Iran 0.7451 constant 2015 US$ per US$ of GDP compare
- 11 Hong Kong 0.7355 constant 2015 US$ per US$ of GDP compare
- 12 Yemen 0.7119 constant 2015 US$ per US$ of GDP compare
- 14 Maldives 0.6675 constant 2015 US$ per US$ of GDP compare
- 15 Australia 0.663 constant 2015 US$ per US$ of GDP compare
- 16 Bahamas 0.6616 constant 2015 US$ per US$ of GDP compare
More economy & growth data for Cayman Islands
- 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)
- Foreign direct investment, net inflows (BoP, current US$), annual -73.72 % change on previous year (2024)
- Foreign direct investment, net inflows 40.9% (2024)
- Inflation, consumer prices -0.6% (2016)
- Total reserves minus gold 270.42 million current US$ (2025)
- Total reserves 270.42 million includes gold, current US$ (2025)
- GDP deflator 123.6 base year varies by country (2024)
Frequently asked questions
- What is services, value added (constant 2015 us$), per unit of gdp in Cayman Islands?
- Services, value added (constant 2015 us$), per unit of gdp in Cayman Islands was 0.7058 constant 2015 US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), per unit of gdp recorded in Cayman Islands?
- The highest recorded value was 0.9491 constant 2015 US$ per US$ of GDP in 2006.
- What is the lowest services, value added (constant 2015 us$), per unit of gdp recorded in Cayman Islands?
- The lowest recorded value was 0.7058 constant 2015 US$ per US$ of GDP in 2024.
- How does Cayman Islands rank for services, value added (constant 2015 us$), per unit of gdp?
- Cayman Islands ranks 13th out of 195 countries with data for 2024.
- Is services, value added (constant 2015 us$), per unit of gdp rising or falling in Cayman Islands?
- Over the last ten years it is down 19.7%. 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 Services, value added (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Services, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Services, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.