Transport services in Cayman Islands
Cayman Islands: Transport services was 2.4% in 2024. ▼ Falling
Transport services in Cayman Islands, 2016–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
In 2024, transport services in Cayman Islands stood at 2.4%.
The figure is up 15.5% on the previous year and down 11.4% over ten years.
Over the whole period, transport services in Cayman Islands peaked at 2.9% in 2019 and was at its lowest, 1.7%, in 2021.
Cayman Islands ranks 183rd of 198 countries on this measure, in the bottom quarter.
Transport services in Cayman Islands, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 2016 | 2.7% | — |
| 2017 | 2.6% | -4.8% |
| 2018 | 2.8% | +7.8% |
| 2019 | 2.9% | +6.0% |
| 2020 | 1.7% | -42.7% |
| 2021 | 1.7% | -1.3% |
| 2022 | 2.0% | +19.2% |
| 2023 | 2.1% | +4.7% |
| 2024 | 2.4% | +15.5% |
Cayman Islands compared with similar countries
- Cayman Islands's 2.4% is below the median for high income countries, which is 14.7%, 16% of the median. (72 countries reporting)
- Cayman Islands's 2.4% is below the median for Latin America & Caribbean, which is 7.4%, 32% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.7% | 2.6% | 2.9% | 4 |
| 2020s | 2.0% | 1.7% | 2.4% | 5 |
Countries ranked near Cayman Islands
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)
- Inflation, GDP deflator 2.4% (2024)
- Total reserves 252.10 million includes gold, current US$ (2024)
- Services, value added 6.72 billion current US$ (2024)
- Services, value added 5.60 billion current LCU (2024)
- Services, value added 5.48 billion constant 2015 US$ (2024)
Frequently asked questions
- What is transport services in Cayman Islands?
- Transport services in Cayman Islands was 2.4% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest transport services recorded in Cayman Islands?
- The highest recorded value was 2.9% in 2019.
- What is the lowest transport services recorded in Cayman Islands?
- The lowest recorded value was 1.7% in 2021.
- How does Cayman Islands rank for transport services?
- Cayman Islands ranks 183rd out of 198 countries with data for 2024.
- Is transport services rising or falling in Cayman Islands?
- Over the last ten years it is down 11.4%. The long-run trend across the full record is falling.
- 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 Transport services (% of service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Transport services covers the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Also included are postal and courier services. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.