News

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

The first quarter inflation rate was 1.8 percent, and among the main contributors was a 9.7 percent rise in the education index. The main contributors to the increase in the education index were a 16.1 percent rise in the tuition for pre-primar... READ MORE

The average inflation for 2024, is 2.6 percent as the third quarter recorded the highest quarterly movement of 4.1 percent. The 2.6 percent represents an increase in the overall index, driven mainly by higher prices for education, communication... READ MORE

The Cayman Islands’ Balance of Payments (BOP) and International Investment Position (IIP) Report 2023 shows the statistical summaries of the economic and financial transactions between residents of the Cayman Islands and the rest of the world.... READ MORE

The total value of merchandise imports increased to $415.34 for the July to September 2024 quarter. This reflected a 9.1 percent growth over the corresponding quarter in 2023, with petroleum and petroleum-related imports growing by 16.2 percent... READ MORE

The third quarter inflation rate was 4.1 percent, and among the main contributors was a 9.9 percent rise in the education index. The main contributors to the increase in the education index were a 10.7 percent rise in the cost of pre-primary an... READ MORE

Economic activity in the Cayman Islands, as measured by real gross domestic product (GDP), is estimated to have increased by 3.2% in the first six months of 2024. Indicators suggest that economic activity was primarily driven by increa... READ MORE