March 24,2020
In view of the latest situation concerning the Coronavirus (COVID-19) and to comply with the Government’s directive to close all non-essential businesses; Our office will be closed from March 25th 2020 until further notice. During this closure, we will occasionally be accessing our emails which could result in delayed responses. For general office queries and/or data request please contact The Director, Adolphus Laidlow, at [email protected] or our emergency hotline at 1(345)516-3329. Do your part to save lives. We ask that all persons comply with the curfew and regulations as stated by the Cayman Islands Government. For official information on the Coronavirus visit gov.ky/coronavirus. #stayhomesavelives
More News

Site Help?

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 / Net Receipts from Financial and Travel Services Remain in Surplus

Net Receipts from Financial and Travel Services Remain in Surplus

"The Cayman Islands’ Balance of Payments (Current Account) Report 2011 which presents the balances of payments"

The Cayman Islands’ Balance of Payments (Current Account) Report 2011 which presents the balances of payments by the country’s residents with the rest of the world for goods and services, income and transfers was released today. Data from the Report is used largely by credit rating agencies and creditors and foreign investors as general indicators of the country’s ability to service its foreign debt.

The Honorable Premier and Minister for Finance, Tourism and Development Mr. McKeeva Bush notes, ⫿The overall current account balance continues to be in deficit in 2011 as expected. However, our receipts from services transactions including financial and travel services continue to outpace payments, resulting in a surplus on the trade in services account.???

Financial and travel services are the leading sources of foreign exchange receipts for the Cayman Islands. Other business services and government goods and services were also major contributors to foreign exchange receipts in 2011.