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Latest Indicators

Estimated Gross Domestic Product:
3.8%, Jan - Mar 2022 / Jan - Mar 2021
Gross Domestic Product Actual:
4.0%, Dec 2021
Average Consumer Price Index (CPI):
9.5%, Dec 2022 / Dec 2021
Census Population:
71,105, as of Oct 2021
2021 Life Expectancy at birth:
82.1
2021 Life Expectancy at birth - Male:
80.4
2021 Life Expectancy at birth - Female:
83.7
Estimated Population:
81,546, Year-End December 2022
Unemployment Rate:
2.1%, as at December 2022
Merchandise Imports ($):
17.8% Jul - Sep 2022 / Jul - Sep 2021
Balance of Payments Current Account Deficit % GDP:
13.6% of GDP, Dec 2021

News

March 30,2022
Cayman Islands’ Current Account Deficit widened in 2020

The Cayman Islands’ Balance of Payments (BOP) and International Investment Position (IIP) Report 2020 shows the statistical summaries of the economic and financial transactions between residents of the Cayman Islands and the rest of the world. &nb...

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March 30,2022
The Domestic Economy Declined in 2020 after Nine Consecutive Years of Growth

The Cayman Islands’ System of National Accounts Report 2020, which presents the economic performance of the Islands using the Gross Domestic Product (GDP), is released today. The GDP estimate for 2020, which is based on data collected from busin...

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February 24,2022
Preliminary 2021 Census Report Published

The preliminary report of the 2021 Census has been published, giving details of the survey conducted from 10 October to 31 December 2021, with an additional three weeks in January 2022.   According to the preliminary report, the total popula...

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February 02,2022
Merchandise Imports rebound from a year ago

The total value of the merchandise imports recorded significant growth for the second quarter of 2021 as the economy shows signs of a rebound from the effects of the Covid-19 pandemic. Goods Import for the second quarter stood at $310.87 million, ...

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December 20,2021
Caymans’ economy expanded by an estimated 0.4% in the First Quarter

Economic activity in the Cayman Islands, as measured by the gross domestic product (GDP) in real terms, is estimated to have increased by 0.4% in the first three months of 2021. Indicators suggest that the growth in economic activity was largely...

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December 16,2021
Caymans’ economy expanded by an estimated 1.4% in the First Half of 2021

As measured by the real gross domestic product (GDP), economic activity in the Cayman Islands is estimated to have increased by 1.4% in the first six months of 2021. Indicators suggest that the growth in economic activity was largely driven by i...

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December 16,2021
Consumer Prices increased by 0.2 percent in June 2021

The Consumer Price Index (CPI) rose by 0.2 percent in the second quarter of 2021 when compared to the same period in 2020. Of the twelve CPI divisions, ten recorded increased average prices. In the second quarter of 2021, the division miscellaneo...

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December 16,2021
Consumer Prices rose sharply by 6.4 percent in September 2021

The Consumer Price Index (CPI) increased by 6.4 percent in the third quarter of 2021 compared to the same period in 2020. All twelve CPI divisions recorded increased average prices. The division housing and utilities recorded the largest average ...

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August 20,2021
Compendium of Statistics 2020 Released

The Cayman Islands’ Compendium of Statistics 2020, released by the Economics and Statistics Office, is a comprehensive collection of statistics from various public and private sector data sources covering population, demographics, social and livin...

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August 20,2021
Covid-19 restrictions lead to lower economic activity in 2020

Restrictive measures and a fall in global and local demand led to a reduction in Cayman’s economic activity in 2020. Real Gross Domestic Product (GDP) is estimated to have contracted by 6.7 percent for the year. This was the highlight of The Cayma...

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August 04,2021
Merchandise imports fell for the first three months of 2021

The total value of the Islands’ importation of goods stood at $288.6 million, a decrease of 2.4 percent for the first quarter of 2021. This decrease resulted from the reduction in both non-petroleum and petroleum-related imports. Non-petroleum im...

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August 04,2021
Consumer Prices Decreased by 1.0 percent in March 2021

The Consumer Price Index (CPI) fell by 1.0 percent in the first quarter of 2021 when compared to the same period in 2020. Of the twelve CPI divisions, three recorded reductions in average prices. In the first quarter of 2021, the division housing...

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May 26,2021
Census Launches in Grand Cayman

With their animated rendition of the Census 2021 jingle, George Town Primary School students helped launch Census 2021 in Grand Cayman today, Wednesday, 26 May 2021, at the Marriott Resort. The jingle’s message urging all to be counted set the to...

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May 21,2021
Census 2021 Launches on Brac

Census 2021 officially launched in Cayman Brac today, Friday, 21 May 2021, at a colourful celebration, marking the start of the national count’s education and publicity campaign. The event took place on the grounds of the District Administration ...

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April 07,2021
Merchandise Imports declined in 2020

The total value of the Islands’ importation of goods stood at $1,114.4 million, recording a decrease of 6.3 percent for 2020. This decline resulted from decreases in both non-petroleum as well as petroleum-related imports. Non-petroleum imports a...

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March 18,2021
Unemployment Rate for Second-Half 2020 is 5.2%

Labour market estimates from the Labour Force Survey (LFS) Fall 2020 show the unemployment rate (the proportion of unemployed persons to the total labour force) at 5.2%. The total labour force decreased by 10.5% to reach 43,922 persons. The empl...

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March 18,2021
Consumer Prices Increased on Average by 1.0 percent in 2020

The average annual Consumer Price Index (CPI) rose by 1.0 percent in 2020 when compared to a year ago. There were increases in the first two quarters of 2020: 3.0 percent in the first quarter, followed by 2.1 percent in the second quarter. Meanwhi...

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February 23,2021
Cayman’s economy contracted by an estimated 8.2% in the First Nine Months of the year

As measured by the gross domestic product (GDP) in real terms, economic activity in the Cayman Islands is estimated to have contracted by 8.2% in the first nine months of 2020. Indicators suggest that the contraction in economic activity for the...

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January 19,2021
ESO Conducts Field Work to Update the Household Register

Staff from the Economics and Statistics Office will be in various communities across all districts starting Wednesday, January 20th, 2021, collecting basic housing information necessary to update the ESO’s, Household Register. The Household Regis...

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