Site Help?

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:
2021 Life Expectancy at birth - Male:
2021 Life Expectancy at birth - Female:
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
Home / News / Caymans’ economy expanded by an estimated 3.0% in the First Quarter

Caymans’ economy expanded by an estimated 3.0% 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 grown by 3.0% in the first three months of 2019.

Indicators show that the economic performance was broad-based, led by expansions in hotels and restaurants (7.9%), wholesale and retail trade, repair and installation of machinery (5.9%), construction (5.8%), other services (7.1%), and real estate (5.2%).

Economic activity for the quarter was in the context of robust stay-over tourist arrivals and continued growth in construction and auxiliary sectors which boosted higher employment and population levels.

The central government recorded an overall surplus of CI$205.0 million in the first three months of the year, the highest first-quarter surplus on record. This resulted from $27.4 million increase in revenue which outweighed a $9.3 million increase in total expenditure.

The central government’s outstanding debt fell anew and settled at $417.4 million as at March 2019, lower than the $447.2 million recorded for the same period in 2018.

For more information on the The Cayman Islands’ First Quarter Economic Report 2019,” please visit