Services, value added (constant LCU), per unit of GDP in Cayman Islands
Cayman Islands: Services, value added (constant LCU), per unit of GDP was 0.5882 constant LCU per US$ of GDP in 2024. ▼ Falling
Services, value added (constant LCU), per unit of GDP in Cayman Islands, 2006–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
Cayman Islands recorded 0.5882 constant LCU per US$ of GDP for services, value added (constant lcu), per unit of gdp in 2024. That is the lowest value across all 19 years on record.
That represents a change of down 2.2% on the previous year and down 19.7% over ten years.
Over the whole period, services, value added (constant lcu), per unit of gdp in Cayman Islands peaked at 0.7909 constant LCU per US$ of GDP in 2006 and was at its lowest, 0.5882 constant LCU per US$ of GDP, in 2024.
Cayman Islands ranks 152nd of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Services, value added (constant LCU), per unit of GDP in Cayman Islands, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 2006 | 0.7909 constant LCU per US$ of GDP | — |
| 2007 | 0.7831 constant LCU per US$ of GDP | -1.0% |
| 2008 | 0.7591 constant LCU per US$ of GDP | -3.1% |
| 2009 | 0.7504 constant LCU per US$ of GDP | -1.1% |
| 2010 | 0.7568 constant LCU per US$ of GDP | +0.8% |
| 2011 | 0.7594 constant LCU per US$ of GDP | +0.3% |
| 2012 | 0.7544 constant LCU per US$ of GDP | -0.7% |
| 2013 | 0.7441 constant LCU per US$ of GDP | -1.4% |
| 2014 | 0.7328 constant LCU per US$ of GDP | -1.5% |
| 2015 | 0.7286 constant LCU per US$ of GDP | -0.6% |
| 2016 | 0.7176 constant LCU per US$ of GDP | -1.5% |
| 2017 | 0.7045 constant LCU per US$ of GDP | -1.8% |
| 2018 | 0.6813 constant LCU per US$ of GDP | -3.3% |
| 2019 | 0.6595 constant LCU per US$ of GDP | -3.2% |
| 2020 | 0.6626 constant LCU per US$ of GDP | +0.5% |
| 2021 | 0.6402 constant LCU per US$ of GDP | -3.4% |
| 2022 | 0.6211 constant LCU per US$ of GDP | -3.0% |
| 2023 | 0.6014 constant LCU per US$ of GDP | -3.2% |
| 2024 | 0.5882 constant LCU per US$ of GDP | -2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.7709 constant LCU per US$ of GDP | 0.7504 constant LCU per US$ of GDP | 0.7909 constant LCU per US$ of GDP | 4 |
| 2010s | 0.7239 constant LCU per US$ of GDP | 0.6595 constant LCU per US$ of GDP | 0.7594 constant LCU per US$ of GDP | 10 |
| 2020s | 0.6227 constant LCU per US$ of GDP | 0.5882 constant LCU per US$ of GDP | 0.6626 constant LCU per US$ of GDP | 5 |
Countries ranked near Cayman Islands
- 149 Panama 0.6619 constant LCU per US$ of GDP compare
- 150 Palau 0.6334 constant LCU per US$ of GDP compare
- 151 Timor-Leste 0.6289 constant LCU per US$ of GDP compare
- 153 Malta 0.5845 constant LCU per US$ of GDP compare
- 154 Isle of Man 0.5824 constant LCU per US$ of GDP compare
- 155 France 0.5703 constant LCU per US$ of GDP compare
More economy & growth data for Cayman Islands
- GDP (current US$), per capita 104,293 current US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.82 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.6391 constant LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 66,652 constant LCU per person (2024)
- GDP (current US$), annual growth rate 6.25 % change on previous year (2024)
- GDP (current LCU), per unit of GDP 0.8333 current LCU per US$ of GDP (2024)
- GDP (constant 2015 US$), annual growth rate 3.76 % change on previous year (2024)
- GDP (current LCU), per capita 86,910 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 79,983 constant 2015 US$ per person (2024)
- GDP (current LCU), annual growth rate 6.25 % change on previous year (2024)
Frequently asked questions
- What is services, value added (constant lcu), per unit of gdp in Cayman Islands?
- Services, value added (constant lcu), per unit of gdp in Cayman Islands was 0.5882 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant lcu), per unit of gdp recorded in Cayman Islands?
- The highest recorded value was 0.7909 constant LCU per US$ of GDP in 2006.
- What is the lowest services, value added (constant lcu), per unit of gdp recorded in Cayman Islands?
- The lowest recorded value was 0.5882 constant LCU per US$ of GDP in 2024.
- How does Cayman Islands rank for services, value added (constant lcu), per unit of gdp?
- Cayman Islands ranks 152nd out of 197 countries with data for 2024.
- Is services, value added (constant lcu), 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 LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Services, value added (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (constant LCU) ÷ GDP (current US$)
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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.