Services, value added (current LCU) in Cayman Islands
Cayman Islands: Services, value added (current LCU) was 5.60 billion current LCU in 2024. ▲ Rising
Services, value added in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for services, value added in Cayman Islands is 5.60 billion current LCU, measured in 2024. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 6.5% on the previous year and up 68.7% over ten years.
Over the whole period, services, value added in Cayman Islands peaked at 5.60 billion current LCU in 2024 and was at its lowest, 2.92 billion current LCU, in 2006.
Cayman Islands ranks 180th of 206 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Services, value added (current LCU) in Cayman Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2006 | 2.92 billion current LCU | — |
| 2007 | 3.14 billion current LCU | +7.5% |
| 2008 | 3.25 billion current LCU | +3.4% |
| 2009 | 3.10 billion current LCU | -4.6% |
| 2010 | 3.03 billion current LCU | -2.1% |
| 2011 | 3.05 billion current LCU | +0.4% |
| 2012 | 3.12 billion current LCU | +2.4% |
| 2013 | 3.20 billion current LCU | +2.7% |
| 2014 | 3.32 billion current LCU | +3.7% |
| 2015 | 3.43 billion current LCU | +3.3% |
| 2016 | 3.55 billion current LCU | +3.6% |
| 2017 | 3.75 billion current LCU | +5.5% |
| 2018 | 3.97 billion current LCU | +5.8% |
| 2019 | 4.27 billion current LCU | +7.5% |
| 2020 | 4.09 billion current LCU | -4.1% |
| 2021 | 4.31 billion current LCU | +5.3% |
| 2022 | 4.76 billion current LCU | +10.5% |
| 2023 | 5.26 billion current LCU | +10.6% |
| 2024 | 5.60 billion current LCU | +6.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.10 billion current LCU | 2.92 billion current LCU | 3.25 billion current LCU | 4 |
| 2010s | 3.47 billion current LCU | 3.03 billion current LCU | 4.27 billion current LCU | 10 |
| 2020s | 4.80 billion current LCU | 4.09 billion current LCU | 5.60 billion current LCU | 5 |
Countries ranked near Cayman Islands
- 177 Brunei 7.91 billion current LCU compare
- 178 Solomon Islands 6.28 billion current LCU compare
- 179 Isle of Man 5.80 billion current LCU compare
- 181 Saint Lucia 5.29 billion current LCU compare
- 182 Montenegro 5.18 billion current LCU compare
- 183 Aruba 5.12 billion current LCU compare
More economy & growth data for Cayman Islands
- GDP (current LCU), annual growth rate 6.25 % change on previous year (2024)
- GDP (constant 2015 US$), per capita 84,382 constant 2015 US$ per person (2024)
- GDP (constant 2015 US$), per unit of GDP 0.8091 constant 2015 US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 16.19 % change on previous year (2024)
- GDP (constant 2015 US$), annual growth rate 3.76 % change on previous year (2024)
- GDP (current LCU), per capita 86,910 current LCU per person (2024)
- GDP (current LCU), per unit of GDP 0.8333 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0031 constant 2015 US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant LCU) 16.19 % 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)
Frequently asked questions
- What is services, value added in Cayman Islands?
- Services, value added in Cayman Islands was 5.60 billion current LCU 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 5.60 billion current LCU in 2024.
- What is the lowest services, value added recorded in Cayman Islands?
- The lowest recorded value was 2.92 billion current LCU in 2006.
- How does Cayman Islands rank for services, value added?
- Cayman Islands ranks 180th out of 206 countries with data for 2024.
- Is services, value added rising or falling in Cayman Islands?
- Over the last ten years it is up 68.7%. The long-run trend across the full record is rising.
- 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.