Services, value added in Cayman Islands
Cayman Islands: Services, value added was 5.60 billion current LCU in 2024. ▲ Rising
Services, value added in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for services, value added in Cayman Islands is 5.60 billion current LCU, measured in 2024. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 6.5% on the previous year and up 68.7% over ten years.
Over the whole period, services, value added in Cayman Islands peaked at 5.60 billion current LCU in 2024 and was at its lowest, 2.92 billion current LCU, in 2006.
Cayman Islands ranks 180th of 205 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.10 billion current LCU | 2.92 billion current LCU | 3.25 billion current LCU | 4 |
| 2010s | 3.47 billion current LCU | 3.03 billion current LCU | 4.27 billion current LCU | 10 |
| 2020s | 4.80 billion current LCU | 4.09 billion current LCU | 5.60 billion current LCU | 5 |
Countries ranked near Cayman Islands
- 177 Brunei 7.91 billion current LCU compare
- 178 Solomon Islands 6.28 billion current LCU compare
- 179 Isle of Man 5.80 billion current LCU compare
- 181 Saint Lucia 5.29 billion current LCU compare
- 182 Montenegro 5.18 billion current LCU compare
- 183 Aruba 5.12 billion current LCU 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 5.60 billion current LCU 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 5.60 billion current LCU in 2024.
- What is the lowest services, value added recorded in Cayman Islands?
- The lowest recorded value was 2.92 billion current LCU in 2006.
- How does Cayman Islands rank for services, value added?
- Cayman Islands ranks 180th out of 205 countries with data for 2024.
- Is services, value added rising or falling in Cayman Islands?
- Over the last ten years it is up 68.7%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 defence, 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.