Taxes less subsidies on products (current LCU), per unit of GDP (unit) in Cayman Islands
Cayman Islands: Taxes less subsidies on products (current LCU), per unit of GDP (unit) was 0.0447 current LCU per US$ of GDP in 2024. ▬ Flat
Taxes less subsidies on products (current LCU), per unit of GDP in Cayman Islands, 2006–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Cayman Islands recorded 0.0447 current LCU per US$ of GDP for taxes less subsidies on products (current lcu), per unit of gdp in 2024.
The figure is down 4.6% on the previous year and down 1.3% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), per unit of gdp in Cayman Islands peaked at 0.0532 current LCU per US$ of GDP in 2006 and was at its lowest, 0.0387 current LCU per US$ of GDP, in 2020.
That places Cayman Islands 177th out of 197 countries with data for 2024, putting it in the bottom quarter.
Taxes less subsidies on products (current LCU), per unit of GDP (unit) in Cayman Islands, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2006 | 0.0532 current LCU per US$ of GDP | — |
| 2007 | 0.0472 current LCU per US$ of GDP | -11.3% |
| 2008 | 0.047 current LCU per US$ of GDP | -0.4% |
| 2009 | 0.0407 current LCU per US$ of GDP | -13.5% |
| 2010 | 0.0418 current LCU per US$ of GDP | +2.7% |
| 2011 | 0.0462 current LCU per US$ of GDP | +10.6% |
| 2012 | 0.0468 current LCU per US$ of GDP | +1.4% |
| 2013 | 0.0461 current LCU per US$ of GDP | -1.5% |
| 2014 | 0.0453 current LCU per US$ of GDP | -1.9% |
| 2015 | 0.0431 current LCU per US$ of GDP | -4.6% |
| 2016 | 0.0455 current LCU per US$ of GDP | +5.3% |
| 2017 | 0.044 current LCU per US$ of GDP | -3.1% |
| 2018 | 0.0505 current LCU per US$ of GDP | +14.7% |
| 2019 | 0.0476 current LCU per US$ of GDP | -5.8% |
| 2020 | 0.0387 current LCU per US$ of GDP | -18.7% |
| 2021 | 0.0495 current LCU per US$ of GDP | +27.9% |
| 2022 | 0.0479 current LCU per US$ of GDP | -3.2% |
| 2023 | 0.0468 current LCU per US$ of GDP | -2.2% |
| 2024 | 0.0447 current LCU per US$ of GDP | -4.6% |
Cayman Islands compared with similar countries
- Cayman Islands's 0.0447 current LCU per US$ of GDP is below the median for high income countries, which is 0.1155 current LCU per US$ of GDP, 39% of the median. (74 countries reporting)
- Cayman Islands's 0.0447 current LCU per US$ of GDP is below the median for Latin America & Caribbean, which is 0.4274 current LCU per US$ of GDP, 10% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.047 current LCU per US$ of GDP | 0.0407 current LCU per US$ of GDP | 0.0532 current LCU per US$ of GDP | 4 |
| 2010s | 0.0457 current LCU per US$ of GDP | 0.0418 current LCU per US$ of GDP | 0.0505 current LCU per US$ of GDP | 10 |
| 2020s | 0.0455 current LCU per US$ of GDP | 0.0387 current LCU per US$ of GDP | 0.0495 current LCU per US$ of GDP | 5 |
Countries ranked near Cayman Islands
- 174 Malta 0.0719 current LCU per US$ of GDP compare
- 175 San Marino, Republic of 0.0677 current LCU per US$ of GDP compare
- 176 Malaysia 0.0552 current LCU per US$ of GDP compare
- 178 Ireland 0.0432 current LCU per US$ of GDP compare
- 179 Marshall Islands, Republic of the 0.0423 current LCU per US$ of GDP compare
- 180 Bermuda 0.0362 current LCU per US$ of GDP compare
More economy & growth data for Cayman Islands
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7886 current LCU per US$ of GDP (2024)
- GDP deflator (base year varies by country), annual growth rate 2.4 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 6.54 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9464 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 98,700 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 6.54 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.82 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 79,983 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7669 constant 2015 US$ per US$ of GDP (2024)
- Services, value added (constant LCU), per capita 61,345 constant LCU per person (2024)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), per unit of gdp in Cayman Islands?
- Taxes less subsidies on products (current lcu), per unit of gdp in Cayman Islands was 0.0447 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), per unit of gdp recorded in Cayman Islands?
- The highest recorded value was 0.0532 current LCU per US$ of GDP in 2006.
- What is the lowest taxes less subsidies on products (current lcu), per unit of gdp recorded in Cayman Islands?
- The lowest recorded value was 0.0387 current LCU per US$ of GDP in 2020.
- How does Cayman Islands rank for taxes less subsidies on products (current lcu), per unit of gdp?
- Cayman Islands ranks 177th out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current lcu), per unit of gdp rising or falling in Cayman Islands?
- Over the last ten years it is down 1.3%. The long-run trend across the full record is flat.
- 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), 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 (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current LCU) ÷ GDP (current US$)
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 (current 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.