Services, value added in Cayman Islands
Cayman Islands: Services, value added was 5.48 billion constant 2015 US$ in 2024. ▲ Rising
Services, value added in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2024, services, value added in Cayman Islands stood at 5.48 billion constant 2015 US$. That is the highest value across all 19 years on record.
That represents a change of up 3.9% on the previous year and up 36.6% over ten years.
Over the whole period, services, value added in Cayman Islands peaked at 5.48 billion constant 2015 US$ in 2024 and was at its lowest, 3.78 billion constant 2015 US$, in 2010.
That places Cayman Islands 146th out of 195 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.05 billion constant 2015 US$ | 3.86 billion constant 2015 US$ | 4.20 billion constant 2015 US$ | 4 |
| 2010s | 4.14 billion constant 2015 US$ | 3.78 billion constant 2015 US$ | 4.70 billion constant 2015 US$ | 10 |
| 2020s | 4.97 billion constant 2015 US$ | 4.50 billion constant 2015 US$ | 5.48 billion constant 2015 US$ | 5 |
Countries ranked near Cayman Islands
- 143 Equatorial Guinea 5.77 billion constant 2015 US$ compare
- 144 Togo 5.72 billion constant 2015 US$ compare
- 145 Niger 5.68 billion constant 2015 US$ compare
- 147 Kyrgyzstan 5.46 billion constant 2015 US$ compare
- 148 Moldova 5.38 billion constant 2015 US$ compare
- 149 Tajikistan 5.20 billion constant 2015 US$ compare
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 services, value added in Cayman Islands?
- Services, value added in Cayman Islands was 5.48 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Cayman Islands?
- The highest recorded value was 5.48 billion constant 2015 US$ in 2024.
- What is the lowest services, value added recorded in Cayman Islands?
- The lowest recorded value was 3.78 billion constant 2015 US$ in 2010.
- How does Cayman Islands rank for services, value added?
- Cayman Islands ranks 146th out of 195 countries with data for 2024.
- Is services, value added rising or falling in Cayman Islands?
- Over the last ten years it is up 36.6%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defense, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.