Trade in services in Cayman Islands
Cayman Islands: Trade in services was 87.1% in 2024. ▬ Flat
Trade in services in Cayman Islands, 2016–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Cayman Islands recorded 87.1% for trade in services in 2024.
That represents a change of up 0.3% on the previous year and up 2.4% over ten years.
Over the whole period, trade in services in Cayman Islands peaked at 91.1% in 2018 and was at its lowest, 80.3%, in 2021.
That places Cayman Islands 14th out of 200 countries with data for 2024, putting it in the top 10%.
Trade in services in Cayman Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2016 | 85.0% | — |
| 2017 | 91.0% | +7.1% |
| 2018 | 91.1% | +0.1% |
| 2019 | 87.2% | -4.3% |
| 2020 | 81.6% | -6.4% |
| 2021 | 80.3% | -1.6% |
| 2022 | 86.7% | +8.0% |
| 2023 | 86.9% | +0.2% |
| 2024 | 87.1% | +0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 88.6% | 85.0% | 91.1% | 4 |
| 2020s | 84.5% | 80.3% | 87.1% | 5 |
Countries ranked near Cayman Islands
- 11 Macau, China 96.8% compare
- 12 Sint Maarten (Dutch part) 95.1% compare
- 13 Naoero 91.0% compare
- 15 Tuvalu 84.5% compare
- 16 Suriname 84.2% compare
- 17 Equatorial Guinea 81.5%
More economy & growth data for Cayman Islands
- GDP (current US$), per capita 104,293 current US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.82 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.6391 constant LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), per capita 66,652 constant LCU per person (2024)
- GDP (current US$), annual growth rate 6.25 % change on previous year (2024)
- GDP (current LCU), per unit of GDP 0.8333 current LCU per US$ of GDP (2024)
- GDP (constant 2015 US$), annual growth rate 3.76 % change on previous year (2024)
- GDP (current LCU), per capita 86,910 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 79,983 constant 2015 US$ per person (2024)
- GDP (current LCU), annual growth rate 6.25 % change on previous year (2024)
Frequently asked questions
- What is trade in services in Cayman Islands?
- Trade in services in Cayman Islands was 87.1% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Cayman Islands?
- The highest recorded value was 91.1% in 2018.
- What is the lowest trade in services recorded in Cayman Islands?
- The lowest recorded value was 80.3% in 2021.
- How does Cayman Islands rank for trade in services?
- Cayman Islands ranks 14th out of 200 countries with data for 2024.
- Is trade in services rising or falling in Cayman Islands?
- Over the last ten years it is up 2.4%. The long-run trend across the full record is flat.
- Where does this Cayman Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. 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.