Taxes less subsidies on products (current LCU), annual growth rate in Cayman Islands
Cayman Islands: Taxes less subsidies on products (current LCU), annual growth rate was 1.4 % change on previous year in 2024. ◆ Volatile
Taxes less subsidies on products (current LCU), annual growth rate in Cayman Islands, 2007–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, taxes less subsidies on products (current lcu), annual growth rate in Cayman Islands stood at 1.4 % change on previous year.
The figure is down 81.2% on the previous year and down 10.7% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), annual growth rate in Cayman Islands peaked at 37.05 % change on previous year in 2021 and was at its lowest, -22.66 % change on previous year, in 2020.
That places Cayman Islands 169th out of 197 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current LCU), annual growth rate in Cayman Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | -5.68 % change on previous year | — |
| 2008 | 2.28 % change on previous year | -140.1% |
| 2009 | -19.26 % change on previous year | -943.9% |
| 2010 | -0.333 % change on previous year | -98.3% |
| 2011 | 11.4 % change on previous year | -3524.2% |
| 2012 | 3.93 % change on previous year | -65.5% |
| 2013 | 1.14 % change on previous year | -71.0% |
| 2014 | 1.57 % change on previous year | +38.0% |
| 2015 | -1.61 % change on previous year | -202.7% |
| 2016 | 9.84 % change on previous year | -710.2% |
| 2017 | 1.94 % change on previous year | -80.3% |
| 2018 | 22.77 % change on previous year | +1072.6% |
| 2019 | 1.25 % change on previous year | -94.5% |
| 2020 | -22.66 % change on previous year | -1906.2% |
| 2021 | 37.05 % change on previous year | -263.6% |
| 2022 | 6.23 % change on previous year | -83.2% |
| 2023 | 7.47 % change on previous year | +19.7% |
| 2024 | 1.4 % change on previous year | -81.2% |
Cayman Islands compared with similar countries
- Cayman Islands's 1.4 % change on previous year is below the median for high income countries, which is 5.32 % change on previous year, 26% of the median. (74 countries reporting)
- Cayman Islands's 1.4 % change on previous year is below the median for Latin America & Caribbean, which is 7.79 % change on previous year, 18% of the median. (38 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current LCU), 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 |
|---|---|---|---|
| 2011 | +3524.2% | -0.333 % change on previous year | 11.4 % change on previous year |
| 2020 | -1906.2% | 1.25 % change on previous year | -22.66 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -7.55 % change on previous year | -19.26 % change on previous year | 2.28 % change on previous year | 3 |
| 2010s | 5.19 % change on previous year | -1.61 % change on previous year | 22.77 % change on previous year | 10 |
| 2020s | 5.9 % change on previous year | -22.66 % change on previous year | 37.05 % change on previous year | 5 |
Countries ranked near Cayman Islands
- 166 Papua New Guinea 1.78 % change on previous year compare
- 167 Jamaica 1.76 % change on previous year compare
- 168 Cyprus 1.74 % change on previous year compare
- 170 Fiji 0.8544 % change on previous year compare
- 171 Bahamas 0.159 % change on previous year compare
- 172 Azerbaijan -0.0508 % 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 taxes less subsidies on products (current lcu), annual growth rate in Cayman Islands?
- Taxes less subsidies on products (current lcu), annual growth rate in Cayman Islands was 1.4 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), annual growth rate recorded in Cayman Islands?
- The highest recorded value was 37.05 % change on previous year in 2021.
- What is the lowest taxes less subsidies on products (current lcu), annual growth rate recorded in Cayman Islands?
- The lowest recorded value was -22.66 % change on previous year in 2020.
- How does Cayman Islands rank for taxes less subsidies on products (current lcu), annual growth rate?
- Cayman Islands ranks 169th out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current lcu), annual growth rate rising or falling in Cayman Islands?
- Over the last ten years it is down 10.7%. 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 Taxes less subsidies on products (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products 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
The year-on-year percentage change in Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.