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Latest Indicators

Estimated Gross Domestic Product:
1.9%, Jan - Mar 2020 / Jan - Mar 2019
Gross Domestic Product Actual:
4.1%, Dec 2018 / Dec 2017
Average Consumer Price Index (CPI):
2.0%, Jan - June 2020 / Jan - June 2019
Total Population:
64,958, as of Spring 2020
Unemployment Rate:
3.5%, as at Fall 2019
Merchandise Imports ($):
12.1% Jan - Jun 2020 / Jan - Jun 2019
Balance of Payments Current Account Deficit (EST) % GDP:
13.5% of GDP, Dec 2019

News

November 05,2020
Caymans’ economy expanded by an estimated 1.9% in the First Quarter

Economic activity in the Cayman Islands as measured by the gross domestic product (GDP) in real terms is estimated to have increased by 1.9% in the first three months of 2020. Indicators suggest that the growth in economic activity was broad-bas...

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September 30,2020
Cayman maintained strong growth in 2019

Driven by solid performances in wholesale and retail trade, transport, construction and tourism, the Cayman Islands’ economy recorded strong growth in 2019, with the estimated Gross Domestic Product (GDP) rising by 3.2 percent. This was the highli...

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September 30,2020
COVID-19 Passenger Departure Survey Report – August 2020 Released

The Cayman Islands’ COVID-19 Passenger Departure Survey Report released by the Economics and Statistics Office is a collection of statistics based on data collected from passengers departing the Owen Roberts International Airport between May 1 and...

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September 30,2020
Merchandise Imports declined for the Second Quarter 2020

The total value of the merchandise imports plummeted, reflecting a slump in economic activity due to the global Covid-19 pandemic. Goods Import for the second quarter stood at $186.97 million, a decrease of 32.1 percent, which emanated from the de...

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September 17,2020
Consumer Prices Increased by 1.0 percent in June 2020

The Consumer Price Index (CPI) rose by 1.0 percent in the second quarter 2020 when compared to the same period in 2019. Of the twelve CPI divisions, nine recorded increases. In the second quarter of 2020, the division food and non-alcoholic bever...

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September 07,2020
Fall 2020 Labour Force Survey Starts 27 September

The Fall Labour Force Survey (LFS) conducted by the Economics and Statistics Office (ESO) will begin on Sunday, 27 September 2020. The LFS seeks to collect data on employed and unemployed persons in the Cayman Islands, as well as those who are no...

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August 28,2020
Compendium of Statistics 2019 Released

The Cayman Islands’ Compendium of Statistics 2019 released by the Economics and Statistics Office is a comprehensive collection of statistics from various public and private sector data sources covering population, demographics, social and living ...

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August 26,2020
Statement on Postponement of Census 2020

The Population and Housing Census for 2020 conducted by the Economics and Statistics Office (ESO)  initially scheduled for October 2020 has been postponed to October 2021. The exact date in 2021 is yet to be decided. The ESO is committed to...

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August 03,2020
Merchandise Imports continued an upward trend in 2019

The total value of the Islands’ importation of goods stood at $1,183.3 million, recording an increase of 13.5 percent for 2019. This growth resulted from increases in both non-petroleum as well as petroleum-related imports. Non-petroleum imports ...

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July 22,2020
Merchandise Imports recorded growth for the first quarter of 2020

The total value of the Islands’ importation of goods stood at $288.18 million, an increase of 6.8 percent for the first quarter of 2020. This increase resulted from the growth in both non-petroleum and petroleum-related imports. Non-petroleum imp...

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June 17,2020
Unemployment Rate in the Second Half of 2019 is 3.5%

Labour market estimates from the Labour Force Survey (LFS) Fall 2019 show the unemployment rate (the proportion of unemployed persons to the total labour force) at 3.5%. The total labour force increased by 6.3% to reach 49,089 persons. The emplo...

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June 17,2020
GDP Growth in First Nine Months of 2019 Estimated at 3.4%

Economic indicators supported robust economic growth in the first nine months of 2019. Economic activity in the Cayman Islands as measured by the gross domestic product (GDP) in real terms is estimated to have grown by 3.4% in the review period. ...

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June 16,2020
Cayman Islands' COVID-19 Economic Assessment and Stimulus Plan

Cayman Islands Economic Assessment

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June 01,2020
Consumer Prices Increased by 3.0 percent in 2020

The Consumer Price Index (CPI) rose by 3.0 percent in the first quarter 2020 when compared to the same period in 2019. All twelve CPI divisions recorded increases. In the first quarter of 2020, the division clothing and footwear recorded the high...

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June 01,2020
Cayman Islands’ Publishes its first Input-Output Table and Economic Multipliers

The input-output (I-O) table of the economy presents a comprehensive and detailed outline of the sales and purchases of goods and services among producing industries and final consumers during a particular period of time. One key feature of input-...

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March 17,2020
GDP Growth in the First Half of the year Estimated at 3.1%

Economic activity in the Cayman Islands as measured by the gross domestic product (GDP) in real terms is estimated to have grown by 3.1% in the first six months of 2019. The strong economic performance was contributed by all major sectors with t...

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March 17,2020
Inflation Rate Moved up 6.0% in the Third Quarter of 2019

The Consumer Price Index (CPI) rose by 6.0 percent in the third quarter of 2019 compared to the same period in 2018. All twelve CPI divisions recorded increases. In the third quarter of 2019, the division housing and utilities recorded the highes...

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March 17,2020
Domestic Economic Growth in 2018 is Highest Since 2007

The Cayman Islands’ System of National Accounts Report 2018 which presents the economic performance of the Islands using the Gross Domestic Product (GDP) is released today. The GDP estimate for 2018 which is based on data collected from business...

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March 17,2020
Cayman Islands’ Current Account Deficit Widened to $858.0 Million in 2018

The Cayman Islands’ Balance of Payments (BOP) and International Investment Position (IIP) Report 2018 shows the statistical summaries of the economic and financial transactions between residents of the Cayman Islands and the rest of the world. The...

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March 17,2020
Strong growth in Merchandise Imports for the Third Quarter 2019

The total value of the Islands’ importation of goods stood at $329.18 million, recording an increase of 28.8 percent for the third quarter of 2019. This growth resulted from increases in both non-petroleum and petroleum-related imports. Non-petro...

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