September 16,2019
Upcoming Reports: 2nd Quarter CPI; 1st Quarter Economic Report; 2nd Quarter Trade Bulletin
More News

Site Help?

Latest Indicators

Projected Gross Domestic Product:
3.3%, 2018 / 2017
Gross Domestic Product Actual:
3.0%, Dec 2017 / Dec 2016
First Quarter Consumer Price Index (CPI):
4.5 %, March 2019 / March 2018
Total Population:
65,813, as of Fall 2018
Unemployment Rate:
2.8%, as at Fall 2018
Merchandise Imports ($):
11.2% March 2019 / March 2018
Balance of Payments Current Account Deficit (EST) % GDP:
32.1%, Dec 2017
Home / News / The Cayman Islands' Balance of Payments Report 2010

The Cayman Islands' Balance of Payments Report 2010

"The Cayman Islands’ Balance of Payments (Current Account) Report 2010 which presents the balances"

The Cayman Islands’ Balance of Payments (Current Account) Report 2010 which presents the balances of payments by the country’s residents with the rest of the world for goods and services, income and transfers was released today.

Data from the Report is used largely by credit rating agencies and creditors and foreign investors as general indicators of the country’s ability to service its foreign debt.

The Honorable Premier and Minister for Finance, Tourism and Development Mr. McKeeva Bush notes, ⫿Although the overall current account balance was in deficit in 2010, this was lower compared to 2009. It fell by $11.9 million to CI$408.2 million in 2010.???

The lower current account deficit in 2010 was largely due to the increase in the overall surplus from services by $9.9 million.

⫿There was an increase in receipts from travel, insurance and financial services, highlighting anew the importance of the financial and tourism services to the Cayman Islands’ economy,??? the Premier further noted.