Taxes less subsidies on products (current LCU) in Cayman Islands
Cayman Islands: Taxes less subsidies on products (current LCU) was 347.01 million current LCU in 2024. ▲ Rising
Taxes less subsidies on products in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Cayman Islands recorded 347.01 million current LCU for taxes less subsidies on products in 2024. That is the highest value across all 19 years on record.
That represents a change of up 1.4% on the previous year and up 68.1% over ten years.
Over the whole period, taxes less subsidies on products in Cayman Islands peaked at 347.01 million current LCU in 2024 and was at its lowest, 173.61 million current LCU, in 2010.
That places Cayman Islands 177th out of 199 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Taxes less subsidies on products (current LCU) in Cayman Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2006 | 223.63 million current LCU | — |
| 2007 | 210.92 million current LCU | -5.7% |
| 2008 | 215.74 million current LCU | +2.3% |
| 2009 | 174.19 million current LCU | -19.3% |
| 2010 | 173.61 million current LCU | -0.3% |
| 2011 | 193.41 million current LCU | +11.4% |
| 2012 | 201.00 million current LCU | +3.9% |
| 2013 | 203.29 million current LCU | +1.1% |
| 2014 | 206.48 million current LCU | +1.6% |
| 2015 | 203.15 million current LCU | -1.6% |
| 2016 | 223.14 million current LCU | +9.8% |
| 2017 | 227.47 million current LCU | +1.9% |
| 2018 | 279.27 million current LCU | +22.8% |
| 2019 | 282.77 million current LCU | +1.3% |
| 2020 | 218.71 million current LCU | -22.7% |
| 2021 | 299.75 million current LCU | +37.1% |
| 2022 | 318.43 million current LCU | +6.2% |
| 2023 | 342.21 million current LCU | +7.5% |
| 2024 | 347.01 million current LCU | +1.4% |
Cayman Islands compared with similar countries
- Cayman Islands's 347.01 million current LCU is below the median for high income countries, which is 26.91 billion current LCU, 1% of the median. (74 countries reporting)
- Cayman Islands's 347.01 million current LCU is below the median for Latin America & Caribbean, which is 10.36 billion current LCU, 3% of the median. (38 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current LCU) 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 |
|---|---|---|---|
| 2021 | +37.1% | 218.71 million current LCU | 299.75 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 206.12 million current LCU | 174.19 million current LCU | 223.63 million current LCU | 4 |
| 2010s | 219.36 million current LCU | 173.61 million current LCU | 282.77 million current LCU | 10 |
| 2020s | 305.22 million current LCU | 218.71 million current LCU | 347.01 million current LCU | 5 |
Countries ranked near Cayman Islands
- 174 Saint Vincent and the Grenadines 511.70 million current LCU compare
- 175 Saint Kitts and Nevis 406.86 million current LCU compare
- 176 Andorra 356.04 million current LCU compare
- 178 Bermuda 332.49 million current LCU compare
- 179 Dominica 323.73 million current LCU compare
- 180 Turks and Caicos Islands 308.51 million current LCU compare
More economy & growth data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$), annual -73.72 % change on previous year (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps -1.74 billion BoP, current US$ (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 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 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)
- Inflation, GDP deflator 2.4% (2024)
Frequently asked questions
- What is taxes less subsidies on products in Cayman Islands?
- Taxes less subsidies on products in Cayman Islands was 347.01 million current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Cayman Islands?
- The highest recorded value was 347.01 million current LCU in 2024.
- What is the lowest taxes less subsidies on products recorded in Cayman Islands?
- The lowest recorded value was 173.61 million current LCU in 2010.
- How does Cayman Islands rank for taxes less subsidies on products?
- Cayman Islands ranks 177th out of 199 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Cayman Islands?
- Over the last ten years it is up 68.1%. 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 Organizations and/or Central Banks, published as part of Taxes less subsidies on products (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.