News

The task of compiling a new Consumer Price Index (CPI) “basket” was recently completed. The basket consists of consumer goods and services that are monitored regularly to measure the general consumer price level and inflation rate in the Cayman... READ MORE

The second quarter inflation rate was 1.9 percent, and among the main contributors was an 8.4 percent rise in the restaurant and hotels division. The upward movement of restaurants and hotels was primarily due to a significant rise in the index... READ MORE

The Cayman Islands' economy continued its growth streak in 2024, with real GDP expanding by 3.1% to $5.21 billion, underpinned by expansion across all major sectors. Financial services, which account for over 30% of GDP, had a solid 2.9% increa... READ MORE

Preliminary estimates show that the Cayman Islands’ economy expanded at an annualised rate of 2.9% in the first quarter of 2025, slightly moderating from the 3.6% growth estimated in Q1 2024. The expansion was broad-based, fueled by sustained d... READ MORE

The Fall Labour Force Survey (LFS) and Quality of Life Survey (QLS) conducted by the Economics and Statistics Office (ESO) will begin on Sunday, 28th September 2025. The LFS seeks to collect data on employed and unemployed persons in the Cayman Isla... READ MORE

The overall household consumption expenditure in the Cayman Islands in 2023 is estimated at $3,055.25 million. This is revealed in the Household Budget Survey (HBS) 2023 Report released today by the Economics and Statistics Office. The survey,... READ MORE

Real gross domestic product (GDP) in the Cayman Islands is estimated to have increased by 3.3% in the first nine months of 2024. Available indicators suggest that the Islands’ output expanded across most sectors with only one contracti... READ MORE

The total value of goods imported to the Cayman Islands was $1.65 billion in 2024, an increase of 8.3 percent over the previous year. This growth was driven primarily by the increase in non-petroleum imports, which grew by 9.0 percent... READ MORE

The Cayman Islands' Quality of Life (QOL) was assessed through a comprehensive survey, with the score standing at 82.9%. This represents a slight decrease of 0.7% from Spring 2024. The overall QOL score for Caymanians was 81.8%. The mo... READ MORE

Labour market estimates from the Labour Force Survey (LFS) Fall 2024 show the unemployment rate (the proportion of unemployed persons to the total labour force) at 2.4%. The total labour force increased by 0.5% to reach 60,828. The emp... READ MORE