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 / Merchandise Imports Dipped by 2.0% in the First Quarter

Merchandise Imports Dipped by 2.0% in the First Quarter

The total value of all merchandise goods imported into the Cayman Islands in the first quarter of 2017 amounted to CI$207.8 million. This is lower by CI$4.3 million compared the same period in 2016.

 

The decline is attributed to a 6.1 percent reduction in the total value of non-petroleum products which accounted for 88.9 percent of total imports. Imports of machinery and transportation (largely road vehicles, aircraft equipment and telecommunications equipment), chemical and related products, and commodities and transaction not classified elsewhere fell significantly. 

 

However, the total value of food imports registered an increase by 4.0 percent.

 

Imports of petroleum and related-products grew by 50.4 percent and stood at CI$23.0 million.

 

More information on the The Cayman Islands’ Quarterly Trade Statistics Bulletin: January to March 2017,” are available at www.eso.ky.