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Latest Indicators

Estimated Gross Domestic Product:
8.2%, Jan - Sept 2020 / Jan - Sept 2019
Gross Domestic Product Actual:
6.7%, Dec 2020 / Dec 2019
Average Consumer Price Index (CPI):
1.0%, March 2021 / March 2020
Total Population:
65,786, as of Fall 2020
Unemployment Rate:
5.2%, as at Fall 2020
Merchandise Imports ($):
2.4% Jan - Mar 2021 / Jan - Mar 2020
Balance of Payments Current Account Deficit % GDP:
18.3% of GDP, Dec 2019
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Home / News / Imports Growth Sustained in the Third Quarter

Imports Growth Sustained in the Third Quarter

"The total value of all merchandise goods imported into the Cayman Islands in the third quarter reached $188.8 million"

The total value of all merchandise goods imported into the Cayman Islands in the third quarter reached $188.8 million, 0.7 percent higher compared to the CI$187.5 million recorded for the same period in 2013.

⫿The growth rate is modest compared to the first and second quarters but this is due to a decline in the value of petroleum and related products arising from lower prices in the source markets,??? stated the Minister for Finance and Economic Development, Hon. Marco Archer.

After increasing in the second quarter by 12.2 percent, petroleum products imports fell in the third quarter by 12.4 percent.

⫿I am pleased to note that imports of non-petroleum products, which comprise the bulk of the country’s imports, expanded by 4.8 percent compared to the third quarter of 2013, an indication of continuing growth in local economic activity,??? Minister Archer further noted.



Tags: Imports Growth, cayman islands, cayman eso, cayman imports