Most Sectors Posted Economic Growth in 2011

"The Cayman Islands’ System of National Accounts Report 2011 which presents the economic performance of various sectors contributing to the country’s GDP"

The Cayman Islands’ System of National Accounts Report 2011 which presents the economic performance of various sectors contributing to the country’s Gross Domestic Product (GDP) is released today by the Economics and Statistics Office.

The Hon. Minister of Finance, Mr. McKeeva Bush stated: ⫿I am pleased to note that ten of the country’s 18 economic sectors experienced growth last year. We expect this performance to be exceeded in 2012 and more so in 2013.???

Real GDP in 2011 grew by 0.9 percent reversing the 2.9 percent decline in 2010.
The top four (4) industries experiencing the greatest rate of expansion in 2011 when compared to 2010 are: hotels & restaurants (5.9%); agriculture & fishing (3.1%); professional, scientific & technical activities ??? which consists mainly of legal and accounting services (1.9%); and wholesale & retail trade (1.9%).

The financial and insurance services industry recorded growth of 0.1% in 2011. Subscribe