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Latest Indicators

Gross Domestic Product EST:
2.7%, Dec 2016 / Dec 2015
Average Consumer Price Index (CPI):
0.6%, 2016 / 2015
Total Population:
61,361, as of Dec 2016
Unemployment Rate:
4.2%, as at Fall 2016
Merchandise Imports ($):
2.8% Dec 2016 / Dec 2015
Balance of Payment Current Account Balance (EST) % GDP:
23.1%, Dec 2015

Labour Force Surveys

The Labour Force Survey (LFS) comprises person 15 years and over residing in the country who are employed or actively seeking work during the reference period. It is also used as the basis for population estimates. The LFS seeks information on respondents' personal circumstances and their labour market status during a specific reference period, normally a period of one week, immediately prior to the interview.
 
The first LFS was conducted in 1991 and is normally done twice yearly.
The LFS is a random sample survey. This means that not every household will be surveyed and those selected are done so purely by chance. However, since all households have a chance of selection, the more often the survey is conducted, the higher the chance of repeat selection. It must be stressed that, the ‘sample selection’ is generated by computer and is completely random.
 
Labour Force Surveys are carried out in many countries around the world. The International Labour Organization (ILO) has published recommendations concerning the definitions to be used in LFS. The LFS in the Cayman Islands uses internationally agreed concepts and definitions.
 
The LFS data reported to the Economics and Statistics Office (ESO) are treated in strict confidence and used for statistical purposes and published in aggregate form only.