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 gov.ky/coronavirus. #stayhomesavelives
More News

Site Help?

Latest Indicators

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
Unemployment Rate:
3.0%, as at Spring 2019
Merchandise Imports ($):
17.3% Jan - Sept 2019 / Jan - Sept 2018
Balance of Payments Current Account Deficit (EST) % GDP:
18.7% of GDP, Dec 2018
Home / News / Unemployment Rate in the Second Half of 2018 Falls to 2.8%

Unemployment Rate in the Second Half of 2018 Falls to 2.8%

Estimates from the Labour Force Survey (LFS) Fall 2018 show the unemployment rate (the proportion of unemployed persons to total labour force) at 2.8%, the lowest for the Cayman Islands since Fall 2006 when it was 2.6%. It is also significantly lower compared to the unemployment rates in Fall 2017 (4.9%) and in Spring 2018 (3.4%).

The fall in the unemployment rate occurred amidst a rise in the total labour force by 7.5% to reach 46,178 persons. The employed labour force was estimated at 44,887 persons, an increase of 9.9% compared to Fall 2017. The unemployed labour force was estimated at 1,291 persons, a decline of 38.1% from the level in the same period a year ago.       

Employed Caymanians was estimated at 20,751 reflecting a growth rate of 7.7% over the Fall 2017 estimate. The number of unemployed Caymanians declined by 34.3% to settle at 996 persons, resulting in an unemployment rate of 4.6%.

The unemployment rate among Non-Caymanians also fell from 2.1% in December 2017 to 0.5%, while among Permanent Residents (PR) with rights to work the unemployment rate moved up from 4.4% to 4.7%.

The LFS Report also presents the population estimate of the Islands as of December 2018 – this grew by 3.8% from December 2017 to reach 65,813. The Caymanian population rose by 2.3% to 36,705. The PR population reached 5,940 persons as compared to 5,488 persons in Fall 2017. The Non-Caymanian population is estimated at 23,168, a growth of 5.1% relative to the estimated population as at December 2017.

More information on “The Cayman Islands’ Labour Force Survey Fall 2018 Report is available at www.eso.ky.