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February 28,2024
The average CPI in 2023 was 131.0, an increase of 3.8 percent over the average CPI in 2022. This represents an increase in the overall index, driven mainly by higher prices for household furnishings and equipment, food and non-alcoholic beverag... READ MORE
February 27,2024
The GDP estimate for 2022 (which is based on data collected from businesses and other establishments in the Islands) shows that the local economy expanded by 5.2%, adding to the 4.9% growth in 2021 after a 5.0% decline in economic activity in 2020.... READ MORE
February 27,2024
The Cayman Islands’ Balance of Payments (BOP) and International Investment Position (IIP) Report 2022 shows the statistical summaries of the economic and financial transactions between residents of the Cayman Islands and the rest of the world.... READ MORE
February 27,2024
The total value of the merchandise imports decreased for the second quarter of 2023. Goods imported for the second quarter stood at $377.82 million, a decrease of 2.55 percent, emanating from lower imports of petroleum and petroleum-related pro... READ MORE
February 27,2024
The third quarter inflation rate was 1.2 percent, and among the leading contributors was a 10.3 percent rise in household furnishings and equipment, while food and non-alcoholic beverages followed with a 4.9 percent increase in its index.... READ MORE
February 27,2024
The total value of the merchandise imports decreased to $380.29 for the July to September 2023 quarter. This reflected a 0.8 percent reduction over the corresponding quarter in 2022, with petroleum and petroleum-related imports falling by 26.0... READ MORE
February 27,2024
Economic activity in the Cayman Islands, as measured by real gross domestic product (GDP), is estimated to have increased by 3.6% in the first six months of 2023. Indicators suggest that economic activity was primarily driven by increased output in... READ MORE
November 16,2023
Real Gross Domestic Product (GDP) is estimated to have expanded by 3.8 percent.  A rebound in visitor arrivals positively contributed to economic growth in 2022.  This was the highlight of The Cayman Islands’ Annual Economic Report 2022, re... READ MORE
November 15,2023
Economic activity in the Cayman Islands, as measured by real gross domestic product (GDP), is estimated to have increased by 3.5% in the first six months of 2022. Indicators suggest that the growth in economic activity was primarily driven by incre... READ MORE
November 15,2023
As measured by the real gross domestic product (GDP), economic activity in the Cayman Islands is estimated to have increased by 3.4% in the first nine months of 2022. Indicators suggest that the economic expansion was broad-based, with only one sec... READ MORE