Net secondary income in Cayman Islands
Cayman Islands: Net secondary income was -455.88 million BoP, current US$ in 2024. ▲ Rising
Net secondary income in Cayman Islands, 2016–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net secondary income in Cayman Islands stood at -455.88 million BoP, current US$.
That represents a change of down 260.4% on the previous year and down 3.1% over ten years.
Over the whole period, net secondary income in Cayman Islands peaked at -126.51 million BoP, current US$ in 2023 and was at its lowest, -746.96 million BoP, current US$, in 2017.
Cayman Islands ranks 159th of 199 countries on this measure, in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -614.93 million BoP, current US$ | -746.96 million BoP, current US$ | -442.38 million BoP, current US$ | 4 |
| 2020s | -409.24 million BoP, current US$ | -733.40 million BoP, current US$ | -126.51 million BoP, current US$ | 5 |
Countries ranked near Cayman Islands
- 156 Angola -399.46 million BoP, current US$ compare
- 157 Poland -410.00 million BoP, current US$ compare
- 158 Iceland -428.50 million BoP, current US$ compare
- 160 New Zealand -532.42 million BoP, current US$ compare
- 161 Maldives -574.97 million BoP, current US$ compare
- 162 Luxembourg -682.48 million BoP, current US$ compare
More economy & growth data for Cayman Islands
- GDP deflator 123.6 base year varies by country (2024)
- Agriculture, forestry, and fishing, value added 16.2% (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 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 net secondary income in Cayman Islands?
- Net secondary income in Cayman Islands was -455.88 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net secondary income recorded in Cayman Islands?
- The highest recorded value was -126.51 million BoP, current US$ in 2023.
- What is the lowest net secondary income recorded in Cayman Islands?
- The lowest recorded value was -746.96 million BoP, current US$ in 2017.
- How does Cayman Islands rank for net secondary income?
- Cayman Islands ranks 159th out of 199 countries with data for 2024.
- Is net secondary income rising or falling in Cayman Islands?
- Over the last ten years it is down 3.1%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net secondary income (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.