Services, value added (current LCU), annual growth rate in Cayman Islands
Cayman Islands: Services, value added (current LCU), annual growth rate was 6.48 % change on previous year in 2024. ◆ Volatile
Services, value added (current LCU), annual growth rate in Cayman Islands, 2007–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Cayman Islands recorded 6.48 % change on previous year for services, value added (current lcu), annual growth rate in 2024.
The figure is down 38.7% on the previous year and up 74.9% over ten years.
Over the whole period, services, value added (current lcu), annual growth rate in Cayman Islands peaked at 10.56 % change on previous year in 2023 and was at its lowest, -4.56 % change on previous year, in 2009.
Cayman Islands ranks 118th of 204 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 (current LCU), annual growth rate in Cayman Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | 7.46 % change on previous year | — |
| 2008 | 3.38 % change on previous year | -54.7% |
| 2009 | -4.56 % change on previous year | -234.8% |
| 2010 | -2.12 % change on previous year | -53.4% |
| 2011 | 0.3621 % change on previous year | -117.1% |
| 2012 | 2.36 % change on previous year | +552.3% |
| 2013 | 2.68 % change on previous year | +13.6% |
| 2014 | 3.7 % change on previous year | +38.0% |
| 2015 | 3.33 % change on previous year | -10.1% |
| 2016 | 3.59 % change on previous year | +7.7% |
| 2017 | 5.53 % change on previous year | +54.1% |
| 2018 | 5.83 % change on previous year | +5.5% |
| 2019 | 7.51 % change on previous year | +28.8% |
| 2020 | -4.14 % change on previous year | -155.1% |
| 2021 | 5.26 % change on previous year | -227.2% |
| 2022 | 10.49 % change on previous year | +99.5% |
| 2023 | 10.56 % change on previous year | +0.6% |
| 2024 | 6.48 % change on previous year | -38.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.09 % change on previous year | -4.56 % change on previous year | 7.46 % change on previous year | 3 |
| 2010s | 3.28 % change on previous year | -2.12 % change on previous year | 7.51 % change on previous year | 10 |
| 2020s | 5.73 % change on previous year | -4.14 % change on previous year | 10.56 % change on previous year | 5 |
Countries ranked near Cayman Islands
- 115 Cape Verde 6.72 % change on previous year compare
- 116 Bermuda 6.68 % change on previous year compare
- 117 Nepal 6.61 % change on previous year compare
- 119 Maldives 6.4 % change on previous year compare
- 120 Uruguay 6.37 % change on previous year compare
- 121 Mauritius 6.36 % change on previous year compare
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 (current lcu), annual growth rate in Cayman Islands?
- Services, value added (current lcu), annual growth rate in Cayman Islands was 6.48 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (current lcu), annual growth rate recorded in Cayman Islands?
- The highest recorded value was 10.56 % change on previous year in 2023.
- What is the lowest services, value added (current lcu), annual growth rate recorded in Cayman Islands?
- The lowest recorded value was -4.56 % change on previous year in 2009.
- How does Cayman Islands rank for services, value added (current lcu), annual growth rate?
- Cayman Islands ranks 118th out of 204 countries with data for 2024.
- Is services, value added (current lcu), annual growth rate rising or falling in Cayman Islands?
- Over the last ten years it is up 74.9%. 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 (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 18 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current LCU). 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.