Net trade in goods in Cayman Islands
Cayman Islands: Net trade in goods was -1.51 billion BoP, current US$ in 2024. ▼ Falling
Net trade in goods in Cayman Islands, 2016–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Cayman Islands recorded -1.51 billion BoP, current US$ for net trade in goods in 2024. That is the lowest value across all 9 years on record.
That represents a change of down 4.1% on the previous year and down 431.2% over ten years.
Over the whole period, net trade in goods in Cayman Islands peaked at -283.80 million BoP, current US$ in 2016 and was at its lowest, -1.51 billion BoP, current US$, in 2024.
Cayman Islands ranks 119th of 199 countries on this measure, in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -655.58 million BoP, current US$ | -897.56 million BoP, current US$ | -283.80 million BoP, current US$ | 4 |
| 2020s | -1.37 billion BoP, current US$ | -1.51 billion BoP, current US$ | -1.14 billion BoP, current US$ | 5 |
Countries ranked near Cayman Islands
- 116 Zimbabwe -1.26 billion BoP, current US$ compare
- 117 Curacao -1.27 billion BoP, current US$ compare
- 118 French Polynesia -1.31 billion BoP, current US$ compare
- 120 Madagascar -1.59 billion BoP, current US$ compare
- 121 Andorra -1.70 billion BoP, current US$ compare
- 122 Fiji -1.73 billion 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 in Cayman Islands?
- Net trade in goods in Cayman Islands was -1.51 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 recorded in Cayman Islands?
- The highest recorded value was -283.80 million BoP, current US$ in 2016.
- What is the lowest net trade in goods recorded in Cayman Islands?
- The lowest recorded value was -1.51 billion BoP, current US$ in 2024.
- How does Cayman Islands rank for net trade in goods?
- Cayman Islands ranks 119th out of 199 countries with data for 2024.
- Is net trade in goods rising or falling in Cayman Islands?
- Over the last ten years it is down 431.2%. 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 (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 is the difference between the exports and imports of goods. 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.