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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
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Home / News / GDP Growth in First Nine Months of 2019 Estimated at 3.4%

GDP Growth in First Nine Months of 2019 Estimated at 3.4%

Economic indicators supported robust economic growth in the first nine months of 2019. Economic activity in the Cayman Islands as measured by the gross domestic product (GDP) in real terms is estimated to have grown by 3.4% in the review period.

The strong economic performance was contributed by all major sectors with the highest growth rates indicated for hotels and restaurants (6.2%), wholesale and retail trade (5.9%), construction (5.7%) and electricity and water supply (5.3%).

Robust growth in tourist arrivals led the increase in economic activities for the first nine months of 2019. Stay over tourist arrivals increased by 10.3%.

Other economic sectors with strong performances include financing and insurance services sector 2.2%, real estate 4.0%, and transport storage and communication 3.4%.  

The central government’s outstanding debt fell anew and settled at $404.6 million as at September 2019, lower than the $428.9 million recorded as at September 2018.

For more information on the “The Cayman Islands’ Third Quarter Economic Report 2019,” please visit www.eso.ky.