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Latest Indicators

Gross Domestic Product EST:
2.9%, Dec 2017 / Dec 2016
Consumer Price Index (CPI):
3.2 %, March 2018 / March 2017
Total Population:
64,420, as of Spring 2018
Unemployment Rate:
3.4%, as at Spring 2018
Merchandise Imports ($):
12.0% June 2018 / June 2017
Balance of Payments Current Account Deficit (EST) % GDP:
32.1%, Dec 2017

News

October 19,2018
GDP Growth in the First Quarter Estimated at 4%

Economic activity in the Cayman Islands as measured by the gross domestic product (GDP) in real terms is estimated to have grown by 4.0% in the first three months of 2018. The strong economic performance was contributed by all major sectors wit...

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October 19,2018
Importation in Second Quarter is Highest Since 2005

The total value of the Cayman Islands’ importation of merchandise goods stood at $254.00 million for the second quarter of 2018, an increase of $33.47 million or 15.2 percent over the comparative period in 2017. This growth rate is the highe...

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October 19,2018
Consumer Prices Increased by 4.8% in the Second Quarter

The inflation rate in the second quarter of 2018, as measured by the Consumer Price Index (CPI) for the quarter relative to the same period in 2017, is estimated at 4.8%.   The CPI represents the overall level of prices of consumer goods a...

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October 15,2018
Census Planning Kicks Off

With Cabinet approving the planning process for the Cayman Islands' 2020 Census of Population and Housing to be conducted by the Economics and Statistics Office (ESO), work has begun for this important national exercise. The Census Advisory...

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September 24,2018
Sunday, 30th September Marks Start of Fall 2018 Labour Force Survey

The Fall Labour Force Survey (LFS) to be conducted by the Economics and Statistics Office (ESO) begins on Sunday, 30th September 2018. The LFS seeks to collect data on employed and unemployed persons in the Cayman Islands, as well as those who ...

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September 05,2018
Unemployment Rate is Estimated at 3.4%

Estimates from the Labour Force Survey (LFS) Spring 2018 show the unemployment rate (the proportion of unemployed persons to total labour force) at 3.4%, the lowest for the Cayman Islands since Spring 2007 when it hit 3.0%. It is also significantl...

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August 02,2018
Consumer Prices Increased by 3.2 Percent in First Quarter

Consumer prices in the Cayman Islands, as measured by the Consumer Price Index (CPI), went up by 3.2 percent in the first quarter of 2018 when compared to the same quarter in 2017.   The inflation rate is traced mainly to the price increas...

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August 01,2018
Compendium of Statistics 2017 Released

The Cayman Islands’ Compendium of Statistics 2017 released today by the Economics and Statistics Office is a comprehensive collection of statistics from various public and private sector data sources covering population, demographics, social...

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August 01,2018
Key Economic Sectors Drive Cayman’s Robust Growth in 2017

Driven by solid performances in tourism, construction and financial services, the Cayman Islands’ economy recorded strong growth in 2017, with the estimated Gross Domestic Product (GDP) rising by 2.9 percent. This was the highlight of The Ca...

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August 01,2018
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 imp...

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May 31,2018
Importation of Merchandise Goods Increased in 2017

In 2017, the total value of goods imported into the Cayman Islands increased by 2.7% to reach CI$876.0 million, compared to $852.6 million recorded in 2016. The growth in the value of imports was largely driven by higher petroleum imports, whic...

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May 29,2018
Minister’s Address at the Chamber of Commerce Forum

  The Current State of Cayman’s Economy

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May 28,2018
ESO Conducts Field Work to Update the Household Register

Staff from the Economics and Statistics Office will be in various communities across all districts starting Tuesday, May 29th 2018 collecting basic housing information necessary to update the ESO’s Household Register. The Household Regist...

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April 26,2018
Cayman’s Labour Force Rose Anew in the Second Half of 2017

The Cayman Islands total labour force reached 42,941 persons as at end December 2017, growing by 1.8 percent or 745 persons compared to the same period in 2016. The labour force comprised of 20,774 Caymanians (48.4% of the total), 4,348 Permane...

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April 10,2018
Sunday April 15th 2018 Marks the Start of the Spring Labour Force Survey

The Spring Labour Force Survey (LFS) conducted by the Economics and Statistics Office (ESO) begins on Sunday, 15 April 2018. The LFS seeks to collect data on employed and unemployed persons in the Cayman Islands, as well as those who are not in...

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April 06,2018
Business Surveys on Cayman’s Economic Performance Start on April 9, 2018

The Economics and Statistics Office will commence its annual business surveys for measuring the economic performance of industries in the Cayman Islands for 2017. The survey will begin on April 9, 2018. Survey forms will be hand-delivered, mailed ...

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March 16,2018
Solid Growth Continues for the First Nine Months of 2017

Economic activity in the Cayman Islands as measured by the gross domestic product (GDP) is estimated to have grown by 2.4% in the first nine months of 2017. Indicators show that the economic performance in these Islands for the first nine month...

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March 16,2018
Consumer Prices Increased on Average by 1.9 percent in 2017

The average annual Consumer Price Index (CPI) rose by 1.9 percent in 2017 when compared to a year ago. There were increases in all quarters throughout 2017: 1.4 percent in the first quarter, followed by 2.8 percent, 1.4 percent, and 2.1 percent in...

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December 15,2017
Consumer Prices Increased by 1.4 percent in the Third Quarter 2017

The overall Consumer Price Index (CPI) was higher by 1.4 percent in the third quarter of 2017 when compared to the same quarter in 2016. This estimate is based on the results of price surveys by the Economic and Statistics Office using the new CPI...

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November 15,2017
The 2017 Occupational Wage Survey for Households with Employees Commences on November 16

The Economics and Statistics Office (ESO) has commenced the conduct of the Occupational Wage Survey (OWS) 2017 among businesses and government departments. Beginning on Thursday (November 16th), trained ESO survey workers will be administering the...

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