Services, value added in Cayman Islands
Cayman Islands: Services, value added was 86.5% in 2024. ▬ Flat
Services, value added in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Cayman Islands recorded 86.5% for services, value added in 2024.
Compared with earlier readings it is up 0.2% on the previous year and down 0.9% over ten years.
Over the whole period, services, value added in Cayman Islands peaked at 87.6% in 2010 and was at its lowest, 83.5%, in 2006.
That places Cayman Islands 7th out of 204 countries with data for 2024, putting it in the top 10%.
Services, value added in Cayman Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2006 | 83.5% | — |
| 2007 | 84.4% | +1.1% |
| 2008 | 85.0% | +0.7% |
| 2009 | 86.9% | +2.2% |
| 2010 | 87.6% | +0.8% |
| 2011 | 87.3% | -0.3% |
| 2012 | 87.2% | -0.1% |
| 2013 | 87.2% | +0.0% |
| 2014 | 87.3% | +0.1% |
| 2015 | 87.4% | +0.1% |
| 2016 | 86.9% | -0.7% |
| 2017 | 87.1% | +0.3% |
| 2018 | 86.1% | -1.1% |
| 2019 | 86.2% | +0.1% |
| 2020 | 86.8% | +0.7% |
| 2021 | 85.2% | -1.8% |
| 2022 | 85.8% | +0.7% |
| 2023 | 86.4% | +0.7% |
| 2024 | 86.5% | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 85.0% | 83.5% | 86.9% | 4 |
| 2010s | 87.0% | 86.1% | 87.6% | 10 |
| 2020s | 86.1% | 85.2% | 86.8% | 5 |
Countries ranked near Cayman Islands
- 4 Bermuda 91.3% compare
- 5 Sint Maarten (Dutch part) 89.3% compare
- 6 Monaco 87.2% compare
- 8 Luxembourg 81.4% compare
- 9 Sao Tome and Principe 81.4% compare
- 10 Malta 81.3% compare
More economy & growth data for Cayman Islands
- GNI (current LCU), 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)
- Manufacturing value added to gdp, per capita 0 units per person (2024)
- Net primary income (Net income from abroad) (current LCU), annual 18.32 % change on previous year (2024)
- Net primary income (Net income from abroad) (current US$), annual 18.32 % change on previous year (2024)
- GNI (current LCU), per capita 70,198 current LCU per person (2024)
- GNI (current LCU), per unit of GDP 0.6731 current LCU per US$ of GDP (2024)
- GNI, Atlas method (current US$), per unit of GDP 0.7854 current US$ per US$ of GDP (2024)
- GNI, Atlas method (current US$), per capita 81,916 current US$ per person (2024)
- GNI (current US$), annual growth rate 14.45 % change on previous year (2024)
Frequently asked questions
- What is services, value added in Cayman Islands?
- Services, value added in Cayman Islands was 86.5% 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 87.6% in 2010.
- What is the lowest services, value added recorded in Cayman Islands?
- The lowest recorded value was 83.5% in 2006.
- How does Cayman Islands rank for services, value added?
- Cayman Islands ranks 7th out of 204 countries with data for 2024.
- Is services, value added rising or falling in Cayman Islands?
- Over the last ten years it is down 0.9%. The long-run trend across the full record is flat.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.