Services, value added (current US$), annual growth rate in Cayman Islands
Cayman Islands: Services, value added (current US$), annual growth rate was 6.48 % change on previous year in 2024. ◆ Volatile
Services, value added (current US$), annual growth rate in Cayman Islands, 2007–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for services, value added (current us$), annual growth rate in Cayman Islands is 6.48 % change on previous year, measured in 2024.
Compared with earlier readings it is down 38.7% on the previous year and up 74.9% over ten years.
Over the whole period, services, value added (current us$), annual growth rate in Cayman Islands peaked at 10.56 % change on previous year in 2023 and was at its lowest, -4.56 % change on previous year, in 2009.
That places Cayman Islands 132nd out of 204 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$), 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 | 0.3622 % change on previous year | -117.1% |
| 2012 | 2.36 % change on previous year | +552.2% |
| 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% |
Cayman Islands compared with similar countries
- Cayman Islands's 6.48 % change on previous year is below the median for high income countries, which is 8.04 % change on previous year, 81% of the median. (77 countries reporting)
- Cayman Islands's 6.48 % change on previous year is above the median for Latin America & Caribbean, which is 5.66 % change on previous year, 1.1× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Services, value added (current US$), annual growth rate in Cayman Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2012 | +552.2% | 0.3622 % change on previous year | 2.36 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.09 % change on previous year | -4.56 % change on previous year | 7.46 % change on previous year | 3 |
| 2010s | 3.28 % change on previous year | -2.12 % change on previous year | 7.51 % change on previous year | 10 |
| 2020s | 5.73 % change on previous year | -4.14 % change on previous year | 10.56 % change on previous year | 5 |
Countries ranked near Cayman Islands
- 129 Bermuda 6.68 % change on previous year compare
- 130 Mongolia 6.62 % change on previous year compare
- 131 South Africa 6.62 % change on previous year compare
- 133 France 6.42 % change on previous year compare
- 134 South Sudan 6.32 % change on previous year compare
- 135 Greenland 6.31 % change on previous year compare
More economy & growth data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$), 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 (current us$), annual growth rate in Cayman Islands?
- Services, value added (current us$), 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 us$), annual growth rate recorded in Cayman Islands?
- The highest recorded value was 10.56 % change on previous year in 2023.
- What is the lowest services, value added (current us$), 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 us$), annual growth rate?
- Cayman Islands ranks 132nd out of 204 countries with data for 2024.
- Is services, value added (current us$), 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 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current US$). 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 (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.