Value Added (Total Manufacturing) — Share of GDP Standard Local in Cayman Islands
Cayman Islands: Value Added (Total Manufacturing) — Share of GDP Standard Local was 0.834 % in 2023. ▼ Falling
Value Added (Total Manufacturing) — Share of GDP Standard Local in Cayman Islands, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
The most recent figure for value added (total manufacturing) — share of gdp standard local in Cayman Islands is 0.834 %, measured in 2023.
That represents a change of down 1.4% on the previous year and up 0.3% over ten years.
Over the whole period, value added (total manufacturing) — share of gdp standard local in Cayman Islands peaked at 1.52 % in 1983 and was at its lowest, 0.7879 %, in 2006.
That places Cayman Islands 189th out of 194 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 54 years of available data.
Value Added (Total Manufacturing) — Share of GDP Standard Local in Cayman Islands, year by year
| Year | % | Change |
|---|---|---|
| 1970 | 1.42 % | — |
| 1971 | 1.42 % | -0.0% |
| 1972 | 1.42 % | -0.1% |
| 1973 | 1.42 % | +0.1% |
| 1974 | 1.42 % | +0.1% |
| 1975 | 1.42 % | -0.0% |
| 1976 | 1.41 % | -0.3% |
| 1977 | 1.41 % | -0.3% |
| 1978 | 1.43 % | +1.3% |
| 1979 | 1.43 % | -0.1% |
| 1980 | 1.42 % | -0.7% |
| 1981 | 1.39 % | -1.7% |
| 1982 | 1.39 % | -0.4% |
| 1983 | 1.52 % | +9.8% |
| 1984 | 1.42 % | -6.9% |
| 1985 | 1.37 % | -3.3% |
| 1986 | 1.27 % | -7.2% |
| 1987 | 1.35 % | +6.7% |
| 1988 | 1.19 % | -12.4% |
| 1989 | 1.25 % | +5.0% |
| 1990 | 0.9627 % | -22.7% |
| 1991 | 0.8142 % | -15.4% |
| 1992 | 0.8142 % | -0.0% |
| 1993 | 0.8142 % | +0.0% |
| 1994 | 0.8142 % | -0.0% |
| 1995 | 0.8141 % | -0.0% |
| 1996 | 0.8143 % | +0.0% |
| 1997 | 0.8142 % | -0.0% |
| 1998 | 0.8139 % | -0.0% |
| 1999 | 0.8149 % | +0.1% |
| 2000 | 0.8138 % | -0.1% |
| 2001 | 0.8131 % | -0.1% |
| 2002 | 0.8178 % | +0.6% |
| 2003 | 0.8103 % | -0.9% |
| 2004 | 0.8112 % | +0.1% |
| 2005 | 0.8319 % | +2.6% |
| 2006 | 0.7879 % | -5.3% |
| 2007 | 0.8137 % | +3.3% |
| 2008 | 0.8942 % | +9.9% |
| 2009 | 0.8924 % | -0.2% |
| 2010 | 0.8235 % | -7.7% |
| 2011 | 0.7984 % | -3.0% |
| 2012 | 0.8192 % | +2.6% |
| 2013 | 0.8318 % | +1.5% |
| 2014 | 0.8369 % | +0.6% |
| 2015 | 0.8311 % | -0.7% |
| 2016 | 0.87 % | +4.7% |
| 2017 | 0.8641 % | -0.7% |
| 2018 | 0.8912 % | +3.1% |
| 2019 | 0.9005 % | +1.0% |
| 2020 | 0.8836 % | -1.9% |
| 2021 | 0.9298 % | +5.2% |
| 2022 | 0.846 % | -9.0% |
| 2023 | 0.834 % | -1.4% |
Cayman Islands compared with similar countries
- Cayman Islands's 0.834 % is below the median for high income countries, which is 10.59 %, 8% of the median. (68 countries reporting)
- Cayman Islands's 0.834 % is below the median for Latin America & Caribbean, which is 9.24 %, 9% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.42 % | 1.41 % | 1.43 % | 10 |
| 1980s | 1.36 % | 1.19 % | 1.52 % | 10 |
| 1990s | 0.8291 % | 0.8139 % | 0.9627 % | 10 |
| 2000s | 0.8286 % | 0.7879 % | 0.8942 % | 10 |
| 2010s | 0.8467 % | 0.7984 % | 0.9005 % | 10 |
| 2020s | 0.8734 % | 0.834 % | 0.9298 % | 4 |
Countries ranked near Cayman Islands
- 186 Cook Islands 1.13 % compare
- 187 Palau 1.11 % compare
- 188 China, Hong Kong SAR 1.1 % compare
- 190 China, Macao SAR 0.7258 % compare
- 191 Turks and Caicos Islands 0.5788 % compare
- 192 Bahamas 0.42 % compare
More economy & growth data for Cayman Islands
- 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 inflows (BoP, current US$), gaps filled 3.18 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps -1.74 billion BoP, current US$ (2024)
- Gross value added at basic prices (GVA) 4.96 billion constant LCU (2024)
- Agriculture, forestry, and fishing, value added 16.2% (2024)
- Agriculture, forestry, and fishing, value added 23.72 million constant 2015 US$ (2024)
- Agriculture, forestry, and fishing, value added 29.29 million current LCU (2024)
- Inflation, consumer prices -0.6% (2016)
- Total reserves minus gold 252.10 million current US$ (2024)
Frequently asked questions
- What is value added (total manufacturing) — share of gdp standard local in Cayman Islands?
- Value added (total manufacturing) — share of gdp standard local in Cayman Islands was 0.834 % in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — share of gdp standard local recorded in Cayman Islands?
- The highest recorded value was 1.52 % in 1983.
- What is the lowest value added (total manufacturing) — share of gdp standard local recorded in Cayman Islands?
- The lowest recorded value was 0.7879 % in 2006.
- How does Cayman Islands rank for value added (total manufacturing) — share of gdp standard local?
- Cayman Islands ranks 189th out of 194 countries with data for 2023.
- Is value added (total manufacturing) — share of gdp standard local rising or falling in Cayman Islands?
- Over the last ten years it is up 0.3%. The long-run trend across the full record is falling.
- Where does this Cayman Islands data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Share of GDP Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).