Net trade in goods and services in Cayman Islands
Cayman Islands: Net trade in goods and services was 1.26 billion BoP, current US$ in 2024. ▼ Falling
Net trade in goods and services in Cayman Islands, 2016–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Cayman Islands recorded 1.26 billion BoP, current US$ for net trade in goods and services in 2024.
The figure is up 1.5% on the previous year and down 25.5% over ten years.
Over the whole period, net trade in goods and services in Cayman Islands peaked at 1.69 billion BoP, current US$ in 2016 and was at its lowest, 734.76 million BoP, current US$, in 2021.
That places Cayman Islands 62nd out of 199 countries with data for 2024, putting it in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.54 billion BoP, current US$ | 1.44 billion BoP, current US$ | 1.69 billion BoP, current US$ | 4 |
| 2020s | 1.02 billion BoP, current US$ | 734.76 million BoP, current US$ | 1.26 billion BoP, current US$ | 5 |
Countries ranked near Cayman Islands
- 59 Cyprus 2.40 billion BoP, current US$ compare
- 60 Trinidad and Tobago 1.88 billion BoP, current US$ compare
- 61 Guinea 1.49 billion BoP, current US$ compare
- 63 Laos 1.19 billion BoP, current US$ compare
- 64 Zambia 688.73 million BoP, current US$ compare
- 65 Andorra 645.19 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 trade in goods and services in Cayman Islands?
- Net trade in goods and services in Cayman Islands was 1.26 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Cayman Islands?
- The highest recorded value was 1.69 billion BoP, current US$ in 2016.
- What is the lowest net trade in goods and services recorded in Cayman Islands?
- The lowest recorded value was 734.76 million BoP, current US$ in 2021.
- How does Cayman Islands rank for net trade in goods and services?
- Cayman Islands ranks 62nd out of 199 countries with data for 2024.
- Is net trade in goods and services rising or falling in Cayman Islands?
- Over the last ten years it is down 25.5%. The long-run trend across the full record is falling.
- 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 trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.