March 24,2020
In view of the latest situation concerning the Coronavirus (COVID-19) and to comply with the Government’s directive to close all non-essential businesses; Our office will be closed from March 25th 2020 until further notice. During this closure, we will occasionally be accessing our emails which could result in delayed responses. For general office queries and/or data request please contact The Director, Adolphus Laidlow, at [email protected] or our emergency hotline at 1(345)516-3329. Do your part to save lives. We ask that all persons comply with the curfew and regulations as stated by the Cayman Islands Government. For official information on the Coronavirus visit gov.ky/coronavirus. #stayhomesavelives
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Latest Indicators

Projected Gross Domestic Product:
3.1%, Jan - June 2019 / Jan - June 2018
Gross Domestic Product Actual:
4.1%, Dec 2018 / Dec 2017
Average Consumer Price Index (CPI):
5.7%, 2019 / 2018
Total Population:
68,076, as of Spring 2019
Unemployment Rate:
3.0%, as at Spring 2019
Merchandise Imports ($):
17.3% Jan - Sept 2019 / Jan - Sept 2018
Balance of Payments Current Account Deficit (EST) % GDP:
18.7% of GDP, Dec 2018
Home / News / Economic Growth and Fiscal Performance Sustained in the First Quarter

Economic Growth and Fiscal Performance Sustained in the First Quarter

Economic activity in the Cayman Islands as measured by the gross domestic product (GDP) is estimated to have grown by 2.0% in the first quarter of 2017.

Indicators show that the first quarter economic performance was broad-based. The major sectors that contributed to growth were construction, electricity and water supply and wholesale & retail trade. The financing and insurance sector, which remains the largest sector, grew by 1.4%, continuing its solid performance in recent times.

The performance in the first quarter is consistent with the 2.1% forecasted GDP growth for the year.

The central government recorded an overall surplus of CI$178.1 million in the first quarter. This resulted despite an increase in expenditure (8.2%) as total revenue increased by 2.7%.  The increase in revenue was generated mainly from domestic taxes on goods and services, including financial service fees. Total expenditure increased by $11.3 million on account of additions to both current expenditure (by $5.8 million) and capital expenditure (by $5.5 million)

The central government’s outstanding debt fell anew and settled at $481.3 million as at March 2017, lower by 5.3 percent from the same period in 2016.