March 24,2020
In view of the latest situation concerning the Coronavirus (COVID-19) and to comply with the Government’s directive to close all non-essential businesses; Our office will be closed from March 25th 2020 until further notice. During this closure, we will occasionally be accessing our emails which could result in delayed responses. For general office queries and/or data request please contact The Director, Adolphus Laidlow, at [email protected] or our emergency hotline at 1(345)516-3329. Do your part to save lives. We ask that all persons comply with the curfew and regulations as stated by the Cayman Islands Government. For official information on the Coronavirus visit #stayhomesavelives
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Projected Gross Domestic Product:
3.1%, Jan - June 2019 / Jan - June 2018
Gross Domestic Product Actual:
4.1%, Dec 2018 / Dec 2017
Average Consumer Price Index (CPI):
5.7%, 2019 / 2018
Total Population:
68,076, as of Spring 2019
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3.0%, as at Spring 2019
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17.3% Jan - Sept 2019 / Jan - Sept 2018
Balance of Payments Current Account Deficit (EST) % GDP:
18.7% of GDP, Dec 2018
Home / News / Report on Foreign Transactions of Residents Released

Report on Foreign Transactions of Residents Released

The Cayman Islands’ Balance of Payments (BOP) and International Investment Position (IIP) Report 2015 was released today. The report presents statistical summaries of the economic and financial transactions between residents of the Cayman Islands and the rest of the world. The statistics are generated from survey returns of local businesses and other organizations as well as data provided by the Cayman Islands Monetary Authority (CIMA).

The BOP shows that in 2015, the country incurred an  overall deficit in the Current Account, comprising of payments and receipts for goods and services, investment income, workers’ remittances and other income, amounting to CI$629.6 million. The deficit was partly funded by a net financial inflow or borrowings from abroad amounting to $478.9 million.

The IIP shows the value and composition of outstanding foreign assets and liabilities of residents (mainly financial corporations and a few non-financial corporations) at the end of the year. The latter also represents the total investments of non-residents in the Cayman Islands.

In 2015, the total financial assets abroad of residents reached approximately CI$127.2 billion. These consisted of direct investments ($21.5 billion); portfolio investment ($25.1 billion); financial derivatives ($3.0 billion); currencies, loans, deposits and other investments ($77.4 billion); and reserve assets ($112.0 million).