Services, value added in Cayman Islands
Cayman Islands: Services, value added was 6.72 billion current US$ in 2024. ▲ Rising
Services, value added in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, services, value added in Cayman Islands stood at 6.72 billion current US$. That is the highest value across all 19 years on record.
That represents a change of 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 6.72 billion current US$ in 2024 and was at its lowest, 3.51 billion current US$, in 2006.
Cayman Islands ranks 152nd of 203 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.72 billion current US$ | 3.51 billion current US$ | 3.90 billion current US$ | 4 |
| 2010s | 4.16 billion current US$ | 3.64 billion current US$ | 5.12 billion current US$ | 10 |
| 2020s | 5.76 billion current US$ | 4.91 billion current US$ | 6.72 billion current US$ | 5 |
Countries ranked near Cayman Islands
- 149 Equatorial Guinea 7.12 billion current US$ compare
- 150 South Sudan 6.78 billion current US$ compare
- 151 Niger 6.73 billion current US$ compare
- 153 New Caledonia 6.18 billion current US$ compare
- 154 Brunei 6.05 billion current US$ compare
- 155 Montenegro 5.85 billion current US$ compare
More economy & growth data for Cayman Islands
- Inflation of consumer prices -0.6% (2016)
- GDP per capita 84,382 constant 2015 US$ (2024)
- Share of manufacturing in gross domestic product (GDP) 0.9% (2024)
- Gross domestic product (GDP) 6.28 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 84,382 constant 2015 US$ (2024)
- DEC alternative conversion factor 0.8333 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -379.90 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -455.88 million current US$ (2024)
- Taxes less subsidies on products 347.01 million current LCU (2024)
- Taxes less subsidies on products 416.41 million current US$ (2024)
Frequently asked questions
- What is services, value added in Cayman Islands?
- Services, value added in Cayman Islands was 6.72 billion current US$ 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 6.72 billion current US$ in 2024.
- What is the lowest services, value added recorded in Cayman Islands?
- The lowest recorded value was 3.51 billion current US$ in 2006.
- How does Cayman Islands rank for services, value added?
- Cayman Islands ranks 152nd out of 203 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 US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.