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Latest Indicators

Estimated Gross Domestic Product:
8.2%, Jan - Sept 2020 / Jan - Sept 2019
Gross Domestic Product Actual:
3.8%, Dec 2019 / Dec 2018
Average Consumer Price Index (CPI):
1.0%, 2020 / 2019
Total Population:
65,786, as of Fall 2020
Unemployment Rate:
5.2%, as at Fall 2020
Merchandise Imports ($):
8.6% Jan - Sept 2020 / Jan - Sept 2019
Balance of Payments Current Account Deficit % GDP:
18.3% of GDP, Dec 2019
Home / News / Unemployment Rate for Second-Half 2020 is 5.2%

Unemployment Rate for Second-Half 2020 is 5.2%

Labour market estimates from the Labour Force Survey (LFS) Fall 2020 show the unemployment rate (the proportion of unemployed persons to the total labour force) at 5.2%.

The total labour force decreased by 10.5% to reach 43,922 persons. The employed labour force was estimated at 41,644 persons, a reduction of 12.1% compared to Fall 2019. The number of unemployed persons was estimated at 2,279.

Employed Caymanians were estimated at 19,490, reflecting a decline of 2.9% when compared to the Fall 2019 estimate. The number of unemployed Caymanians rose by 558 persons to 1,759 persons in Fall 2020, resulting in an unemployment rate of 8.3%.

The LFS Report also presents the population estimate of the Islands as of December 2020 – this declined by 5.9% from December 2019 to reach 65,786. The Caymanian population rose by 1.2% to 37,815. The PR population reached 5,866 persons as compared to 6,955 persons in Fall 2019. The Non-Caymanian population is estimated at 22,105, a fall of 13.6% relative to the estimated population as of December 2019.

More information on The Cayman Islands’ Labour Force Survey Fall 2020 Report” are available at www.eso.ky.