Industry (including construction), value added in Cayman Islands
Cayman Islands: Industry (including construction), value added was 2.0% in 2024. ◆ Volatile
Industry (including construction), value added in Cayman Islands, 2007–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
Cayman Islands recorded 2.0% for industry (including construction), value added in 2024.
The figure is down 42.7% on the previous year and down 5.5% over ten years.
Over the whole period, industry (including construction), value added in Cayman Islands peaked at 7.8% in 2019 and was at its lowest, -18.5%, in 2009.
That places Cayman Islands 111th out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -6.4% | -18.5% | 1.5% | 3 |
| 2010s | 1.2% | -14.5% | 7.8% | 10 |
| 2020s | 2.4% | -1.4% | 6.3% | 5 |
Countries ranked near Cayman Islands
More economy & growth data for Cayman Islands
- Inflation, GDP deflator 2.4% (2024)
- Agriculture, forestry, and fishing, value added 23.72 million constant 2015 US$ (2024)
- Agriculture, forestry, and fishing, value added 29.29 million current LCU (2024)
- Inflation, consumer prices -0.6% (2016)
- Total reserves minus gold 252.10 million current US$ (2024)
- Total reserves 252.10 million includes gold, current US$ (2024)
- Services, value added 4.57 billion constant LCU (2024)
- Services, value added 86.5% (2024)
- Gross value added at basic prices (GVA) 5.96 billion constant 2015 US$ (2024)
- Gross value added at basic prices (GVA) 6.12 billion current LCU (2024)
Frequently asked questions
- What is industry (including construction), value added in Cayman Islands?
- Industry (including construction), value added in Cayman Islands was 2.0% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Cayman Islands?
- The highest recorded value was 7.8% in 2019.
- What is the lowest industry (including construction), value added recorded in Cayman Islands?
- The lowest recorded value was -18.5% in 2009.
- How does Cayman Islands rank for industry (including construction), value added?
- Cayman Islands ranks 111th out of 198 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Cayman Islands?
- Over the last ten years it is down 5.5%. The long-run trend across the full record is volatile.
- Where does this Cayman Islands data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.