Volume of remittances (in United States dollars) … total in Cayman Islands
Cayman Islands: Volume of remittances (in United States dollars) … total was 0.1% in 2023. ▼ Falling
Latest (2023)
0.1%
Change on year
down 21.8%
World rank
182nd
of 205 countries
All-time high
0.3%
in 2017
All-time low
0.1%
in 2023
Years of data
8
2016–2023
Volume of remittances (in United States dollars) as a proportion of in Cayman Islands, 2016–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2023, volume of remittances (in united states dollars) as a proportion of in Cayman Islands stood at 0.1%. That is the lowest value across all 8 years on record.
That represents a change of down 21.8% on the previous year and down 45.6% over ten years.
That places Cayman Islands 182nd out of 205 countries with data for 2023, putting it in the bottom quarter.
Volume of remittances (in United States dollars) … total in Cayman Islands, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 0.3% | — |
| 2017 | 0.3% | +9.6% |
| 2018 | 0.3% | -14.5% |
| 2019 | 0.2% | -7.6% |
| 2020 | 0.2% | -33.1% |
| 2021 | 0.2% | +5.8% |
| 2022 | 0.2% | +13.6% |
| 2023 | 0.1% | -21.8% |
Cayman Islands compared with similar countries
- Cayman Islands's 0.1% is below the median for high income countries, which is 0.7%, 20% of the median. (66 countries reporting)
- Cayman Islands's 0.1% is below the median for Latin America & Caribbean, which is 2.8%, 5% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.3% | 0.2% | 0.3% | 4 |
| 2020s | 0.2% | 0.1% | 0.2% | 4 |
Countries ranked near Cayman Islands
- 179 China 0.2% compare
- 180 Argentina 0.2% compare
- 181 New Zealand 0.2% compare
- 183 United Kingdom of Great Britain and Northern Ireland 0.1% compare
- 183 United Kingdom 0.1% compare
- 185 Gabon 0.1%
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 outflows (BoP, current US$), gaps -1.74 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.18 billion BoP, current US$ (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)
- GDP deflator 123.6 base year varies by country (2024)
- Personal remittances, received 11.50 million current US$ (2024)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Cayman Islands?
- Volume of remittances (in united states dollars) as a proportion of in Cayman Islands was 0.1% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Cayman Islands?
- The highest recorded value was 0.3% in 2017.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Cayman Islands?
- The lowest recorded value was 0.1% in 2023.
- How does Cayman Islands rank for volume of remittances (in united states dollars) as a proportion of?
- Cayman Islands ranks 182nd out of 205 countries with data for 2023.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Cayman Islands?
- Over the last ten years it is down 45.6%. The long-run trend across the full record is falling.
- Where does this Cayman Islands data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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