March 24,2020
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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 / Imports Showed Robust Growth in the First Quarter

Imports Showed Robust Growth in the First Quarter

The total value of the Islands’ importation of goods stood at $248.22 million for the first quarter of 2018.

Importation of both non-petroleum and petroleum-related imports grew, compared to the first quarter of 2017.

Non-petroleum imports amounted to $217.87 million, an increase of 7.5 percent.  Among the items that increased were various chemical products such as medicinal and pharmaceutical product, machinery, and industrial and telecommunications equipment. However, passenger motor vehicles imports fell.

Petroleum and petroleum-related imports recorded an increase of 20.0 percent to reach $30.35 million. This growth largely reflected an increase of 18.6 percent in the average price of fuel. However, there was a marginal reduction of 0.85 percent in the overall volume of mineral fuel mainly diesel fuel. 

More information on the The Cayman Islands’ Quarterly Trade Statistics Bulletin: January to March 2018,” are available at www.eso.ky