Manufacturing, value added in Cayman Islands
Cayman Islands: Manufacturing, value added was -3.4% in 2024. ◆ Volatile
Manufacturing, value added in Cayman Islands, 2007–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, manufacturing, value added in Cayman Islands stood at -3.4%.
That represents a change of down 102.7% on the previous year and down 263.5% over ten years.
Over the whole period, manufacturing, value added in Cayman Islands peaked at 10.5% in 2008 and was at its lowest, -9.0%, in 2010.
That places Cayman Islands 170th out of 191 countries with data for 2024, putting it in the bottom quarter.
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 | 2.5% | -8.1% | 10.5% | 3 |
| 2010s | 2.4% | -9.0% | 8.1% | 10 |
| 2020s | -1.6% | -6.7% | 10.4% | 5 |
Countries ranked near Cayman Islands
- 167 Belize -3.0% compare
- 168 Luxembourg -3.2% compare
- 169 Romania -3.4% compare
- 172 Iceland -3.5% compare
- 173 Mozambique -3.8% compare
More economy & growth data for Cayman Islands
- GDP deflator 123.6 base year varies by country (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)
- Inflation, GDP deflator 2.4% (2024)
- Gross value added at basic prices (GVA) 4.96 billion constant LCU (2024)
Frequently asked questions
- What is manufacturing, value added in Cayman Islands?
- Manufacturing, value added in Cayman Islands was -3.4% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Cayman Islands?
- The highest recorded value was 10.5% in 2008.
- What is the lowest manufacturing, value added recorded in Cayman Islands?
- The lowest recorded value was -9.0% in 2010.
- How does Cayman Islands rank for manufacturing, value added?
- Cayman Islands ranks 170th out of 191 countries with data for 2024.
- Is manufacturing, value added rising or falling in Cayman Islands?
- Over the last ten years it is down 263.5%. 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 Manufacturing, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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.