March 24,2020
In view of the latest situation concerning COVID-19 and to comply with the Government’s directive announced on March 24th: Our office will be closed from March 25th 2020 and will reopen April 6th 2020. During this closure, we will occasionally be accessing our emails which could result in delayed responses. Sorry for the inconvenience this closure may cause. Please continue to check this space for further updates.
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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

Labour Force Surveys

The Labour Force Survey (LFS) comprises person 15 years and over residing in the country who are employed or actively seeking work during the reference period. It is also used as the basis for population estimates. The LFS seeks information on respondents' personal circumstances and their labour market status during a specific reference period, normally a period of one week, immediately prior to the interview.
 
The first LFS was conducted in 1991 and is normally done twice yearly.
The LFS is a random sample survey. This means that not every household will be surveyed and those selected are done so purely by chance. However, since all households have a chance of selection, the more often the survey is conducted, the higher the chance of repeat selection. It must be stressed that, the ‘sample selection’ is generated by computer and is completely random.
 
Labour Force Surveys are carried out in many countries around the world. The International Labour Organization (ILO) has published recommendations concerning the definitions to be used in LFS. The LFS in the Cayman Islands uses internationally agreed concepts and definitions.
 
The LFS data reported to the Economics and Statistics Office (ESO) are treated in strict confidence and used for statistical purposes and published in aggregate form only.