News

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

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

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

The total value of the Islands’ importation of goods stood at $1,498.7 million, recording an increase of 17.4 percent for 2022.  This growth resulted from increases in both non-petroleum as well as petroleum-related imports. Non-petroleum impor... READ MORE

The total value of the Islands’ importation of goods for the first quarter of 2023 stood at $340.0 million, an increase of 1.5 percent. This growth resulted from the rise in non-petroleum products which was partially offset by the reduced importation... READ MORE

The second quarter inflation rate was 4.1 percent, and among the leading contributors was a 10.7 percent rise in household furnishings and equipment.  Food and non-alcoholic beverages followed with a 7.0 percent rise in its index. There was als... READ MORE

The Cayman Islands Compendium of Statistics 2022, 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 co... READ MORE

Labour market estimates from the Labour Force Survey (LFS) Spring 2023 show the unemployment rate (the proportion of unemployed persons to the total labour force) at 2.4%. The total labour force increased by 7.9% to reach 58,669 persons. The employ... READ MORE

The Fall Labour Force Survey (LFS) conducted by the Economics and Statistics Office (ESO) will begin on Sunday, 1st October 2023. The LFS seeks to collect data on employed and unemployed persons in the Cayman Islands, as well as those who are not in... READ MORE

The first quarter inflation rate was 6.6 percent, and among the main contributors was a 12.3 percent rise in food and non-alcoholic beverages.  The main contributors to this increase were a 50.4 percent rise in the prices of tea, coffee, and coc... READ MORE