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Estimated Gross Domestic Product:
3.8%, Jan - Mar 2022 / Jan - Mar 2021
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4.0%, Dec 2021
Average Consumer Price Index (CPI):
9.5%, Dec 2022 / Dec 2021
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81,546, Year-End December 2022
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Balance of Payments Current Account Deficit % GDP:
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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).