Value Added (Total Manufacturing) — Value Standard Local Currency in Cayman Islands
Cayman Islands: Value Added (Total Manufacturing) — Value Standard Local Currency was 2.7 % change on previous year in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Cayman Islands, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Cayman Islands stood at 2.7 % change on previous year.
That represents a change of up 162.5% on the previous year and down 4.9% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Cayman Islands peaked at 30.23 % change on previous year in 1998 and was at its lowest, -14.29 % change on previous year, in 1991.
That places Cayman Islands 78th out of 223 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total Manufacturing) — Value Standard Local Currency in Cayman Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 3.13 % change on previous year | — |
| 1972 | 8.01 % change on previous year | +156.0% |
| 1973 | 14.51 % change on previous year | +81.2% |
| 1974 | 10 % change on previous year | -31.1% |
| 1975 | 9.86 % change on previous year | -1.4% |
| 1976 | 9.55 % change on previous year | -3.1% |
| 1977 | 9.53 % change on previous year | -0.2% |
| 1978 | 11.35 % change on previous year | +19.1% |
| 1979 | 9.74 % change on previous year | -14.2% |
| 1980 | 9.16 % change on previous year | -6.0% |
| 1981 | 8 % change on previous year | -12.7% |
| 1982 | 9.41 % change on previous year | +17.7% |
| 1983 | 24.15 % change on previous year | +156.6% |
| 1984 | 0 % change on previous year | -100.0% |
| 1985 | 0 % change on previous year | — |
| 1986 | 0 % change on previous year | — |
| 1987 | 16.67 % change on previous year | — |
| 1988 | 0 % change on previous year | -100.0% |
| 1989 | 14.29 % change on previous year | — |
| 1990 | -12.5 % change on previous year | -187.5% |
| 1991 | -14.29 % change on previous year | +14.3% |
| 1992 | 3.07 % change on previous year | -121.5% |
| 1993 | 4.79 % change on previous year | +55.9% |
| 1994 | 5.3 % change on previous year | +10.7% |
| 1995 | 4.8 % change on previous year | -9.6% |
| 1996 | 5.02 % change on previous year | +4.6% |
| 1997 | 5.48 % change on previous year | +9.2% |
| 1998 | 30.23 % change on previous year | +451.9% |
| 1999 | 3.51 % change on previous year | -88.4% |
| 2000 | 0.8374 % change on previous year | -76.1% |
| 2001 | 0.4774 % change on previous year | -43.0% |
| 2002 | 2.31 % change on previous year | +384.8% |
| 2003 | 1.07 % change on previous year | -53.9% |
| 2004 | 1 % change on previous year | -5.9% |
| 2005 | 9.22 % change on previous year | +819.1% |
| 2006 | -0.9397 % change on previous year | -110.2% |
| 2007 | 4.14 % change on previous year | -540.3% |
| 2008 | 12.04 % change on previous year | +190.9% |
| 2009 | -7.39 % change on previous year | -161.4% |
| 2010 | -10.23 % change on previous year | +38.3% |
| 2011 | -1.91 % change on previous year | -81.3% |
| 2012 | 3.86 % change on previous year | -302.1% |
| 2013 | 2.84 % change on previous year | -26.4% |
| 2014 | 3.28 % change on previous year | +15.6% |
| 2015 | 2.12 % change on previous year | -35.3% |
| 2016 | 8.08 % change on previous year | +280.3% |
| 2017 | 2.48 % change on previous year | -69.2% |
| 2018 | 7.53 % change on previous year | +203.2% |
| 2019 | 5 % change on previous year | -33.6% |
| 2020 | -6.74 % change on previous year | -234.7% |
| 2021 | 10.39 % change on previous year | -254.2% |
| 2022 | -4.32 % change on previous year | -141.6% |
| 2023 | 2.7 % change on previous year | -162.5% |
Cayman Islands compared with similar countries
- Cayman Islands's 2.7 % change on previous year is above the median for high income countries, which is 0.2508 % change on previous year, 10.8× the median. (73 countries reporting)
- Cayman Islands's 2.7 % change on previous year is above the median for Latin America & Caribbean, which is -0.0035 % change on previous year. (38 countries reporting)
Biggest year-on-year movements
Years where Value Added (Total Manufacturing) — Value Standard Local Currency 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 |
|---|---|---|---|
| 2005 | +819.1% | 1 % change on previous year | 9.22 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.52 % change on previous year | 3.13 % change on previous year | 14.51 % change on previous year | 9 |
| 1980s | 8.17 % change on previous year | 0 % change on previous year | 24.15 % change on previous year | 10 |
| 1990s | 3.54 % change on previous year | -14.29 % change on previous year | 30.23 % change on previous year | 10 |
| 2000s | 2.28 % change on previous year | -7.39 % change on previous year | 12.04 % change on previous year | 10 |
| 2010s | 2.31 % change on previous year | -10.23 % change on previous year | 8.08 % change on previous year | 10 |
| 2020s | 0.507 % change on previous year | -6.74 % change on previous year | 10.39 % change on previous year | 4 |
Countries ranked near Cayman Islands
- 75 Burundi 2.89 % change on previous year compare
- 76 Eritrea 2.73 % change on previous year compare
- 77 Qatar 2.71 % change on previous year compare
- 79 Czechia 2.68 % change on previous year compare
- 80 Democratic Republic of the Congo 2.61 % change on previous year compare
- 81 Uganda 2.6 % change on previous year compare
More economy & growth data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$), annual -73.72 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), 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)
- Gross value added at basic prices (GVA) 5.96 billion constant 2015 US$ (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) — value standard local currency in Cayman Islands?
- Value added (total manufacturing) — value standard local currency in Cayman Islands was 2.7 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest value added (total manufacturing) — value standard local currency recorded in Cayman Islands?
- The highest recorded value was 30.23 % change on previous year in 1998.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Cayman Islands?
- The lowest recorded value was -14.29 % change on previous year in 1991.
- How does Cayman Islands rank for value added (total manufacturing) — value standard local currency?
- Cayman Islands ranks 78th out of 223 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Cayman Islands?
- Over the last ten years it is down 4.9%. The long-run trend across the full record is volatile.
- Where does this Cayman Islands data come from?
- The figures come from Statizoid (derived), published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Value Added (Total Manufacturing) — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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
The year-on-year percentage change in Value Added (Total Manufacturing) — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.