Taxes less subsidies on products (constant LCU), per unit of GDP in Cayman Islands
Cayman Islands: Taxes less subsidies on products (constant LCU), per unit of GDP was 0.0351 constant LCU per US$ of GDP in 2024. ▼ Falling
Taxes less subsidies on products (constant LCU), per unit of GDP in Cayman Islands, 2006–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
Cayman Islands recorded 0.0351 constant LCU per US$ of GDP for taxes less subsidies on products (constant lcu), per unit of gdp in 2024. That is the lowest value across all 19 years on record.
Compared with earlier readings it is down 3.5% on the previous year and down 20.8% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), per unit of gdp in Cayman Islands peaked at 0.0634 constant LCU per US$ of GDP in 2006 and was at its lowest, 0.0351 constant LCU per US$ of GDP, in 2024.
Cayman Islands ranks 171st of 189 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Taxes less subsidies on products (constant LCU), per unit of GDP in Cayman Islands, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 2006 | 0.0634 constant LCU per US$ of GDP | — |
| 2007 | 0.0541 constant LCU per US$ of GDP | -14.7% |
| 2008 | 0.0518 constant LCU per US$ of GDP | -4.3% |
| 2009 | 0.0451 constant LCU per US$ of GDP | -12.9% |
| 2010 | 0.0449 constant LCU per US$ of GDP | -0.5% |
| 2011 | 0.0449 constant LCU per US$ of GDP | +0.0% |
| 2012 | 0.0442 constant LCU per US$ of GDP | -1.6% |
| 2013 | 0.0423 constant LCU per US$ of GDP | -4.3% |
| 2014 | 0.0444 constant LCU per US$ of GDP | +4.9% |
| 2015 | 0.0431 constant LCU per US$ of GDP | -2.7% |
| 2016 | 0.0458 constant LCU per US$ of GDP | +6.1% |
| 2017 | 0.0443 constant LCU per US$ of GDP | -3.3% |
| 2018 | 0.0477 constant LCU per US$ of GDP | +7.8% |
| 2019 | 0.0435 constant LCU per US$ of GDP | -8.7% |
| 2020 | 0.0373 constant LCU per US$ of GDP | -14.4% |
| 2021 | 0.0436 constant LCU per US$ of GDP | +17.1% |
| 2022 | 0.0395 constant LCU per US$ of GDP | -9.4% |
| 2023 | 0.0364 constant LCU per US$ of GDP | -7.8% |
| 2024 | 0.0351 constant LCU per US$ of GDP | -3.5% |
Cayman Islands compared with similar countries
- Cayman Islands's 0.0351 constant LCU per US$ of GDP is below the median for high income countries, which is 0.0891 constant LCU per US$ of GDP, 39% of the median. (66 countries reporting)
- Cayman Islands's 0.0351 constant LCU per US$ of GDP is below the median for Latin America & Caribbean, which is 0.3169 constant LCU per US$ of GDP, 11% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0536 constant LCU per US$ of GDP | 0.0451 constant LCU per US$ of GDP | 0.0634 constant LCU per US$ of GDP | 4 |
| 2010s | 0.0445 constant LCU per US$ of GDP | 0.0423 constant LCU per US$ of GDP | 0.0477 constant LCU per US$ of GDP | 10 |
| 2020s | 0.0384 constant LCU per US$ of GDP | 0.0351 constant LCU per US$ of GDP | 0.0436 constant LCU per US$ of GDP | 5 |
Countries ranked near Cayman Islands
- 168 Azerbaijan 0.0362 constant LCU per US$ of GDP compare
- 169 Tajikistan 0.0358 constant LCU per US$ of GDP compare
- 170 Ireland 0.0354 constant LCU per US$ of GDP compare
- 172 Bermuda 0.031 constant LCU per US$ of GDP compare
- 173 Venezuela 0.026 constant LCU per US$ of GDP compare
- 174 Panama 0.0258 constant LCU per US$ of GDP compare
More economy & growth data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$), annual -73.72 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), 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)
- Gross value added at basic prices (GVA) 5.96 billion constant 2015 US$ (2024)
- Agriculture, forestry, and fishing, value added 23.72 million constant 2015 US$ (2024)
- Agriculture, forestry, and fishing, value added 29.29 million current LCU (2024)
- Inflation, consumer prices -0.6% (2016)
- Total reserves minus gold 252.10 million current US$ (2024)
Frequently asked questions
- What is taxes less subsidies on products (constant lcu), per unit of gdp in Cayman Islands?
- Taxes less subsidies on products (constant lcu), per unit of gdp in Cayman Islands was 0.0351 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Cayman Islands?
- The highest recorded value was 0.0634 constant LCU per US$ of GDP in 2006.
- What is the lowest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Cayman Islands?
- The lowest recorded value was 0.0351 constant LCU per US$ of GDP in 2024.
- How does Cayman Islands rank for taxes less subsidies on products (constant lcu), per unit of gdp?
- Cayman Islands ranks 171st out of 189 countries with data for 2024.
- Is taxes less subsidies on products (constant lcu), per unit of gdp rising or falling in Cayman Islands?
- Over the last ten years it is down 20.8%. The long-run trend across the full record is falling.
- Where does this Cayman Islands data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (constant LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.