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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 / 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