WorldFactbook.ioFree API →

World Factbook

Cayman Islands

Last updated: 2026-03-28 (today)

Budget

revenues

$874.5 million (2017 est.)

expenditures

$766.6 million (2017 est.)

Exports

note

note: balance of payments - exports of goods and services in current dollars

Exports 2021

$3.542 billion (2021 est.)

Exports 2022

$4.215 billion (2022 est.)

Exports 2023

$4.6 billion (2023 est.)

Imports

note

note: balance of payments - imports of goods and services in current dollars

Imports 2021

$2.808 billion (2021 est.)

Imports 2022

$3.287 billion (2022 est.)

Imports 2023

$3.444 billion (2023 est.)

Industries

tourism, banking, insurance and finance, construction, construction materials, furniture

Remittances

note

note: personal transfers and compensation between resident and non-resident individuals/households/entities

Remittances 2021

0.2% of GDP (2021 est.)

Remittances 2022

0.2% of GDP (2022 est.)

Remittances 2023

0.2% of GDP (2023 est.)

Exchange rates

Currency

Caymanian dollars (KYD) per US dollar -

Exchange rates 2020

0.833 (2020 est.)

Exchange rates 2021

0.833 (2021 est.)

Exchange rates 2022

0.833 (2022 est.)

Exchange rates 2023

0.833 (2023 est.)

Exchange rates 2024

0.833 (2024 est.)

Economic overview

dominant offshore banking territory; services sector accounts for over 85% of economic activity; recently adopted a fiscal responsibility framework to combat tax evasion and money laundering; large tourism sector; does not have any welfare system; high standard of living

Exports - partners

UK 40%, Cyprus 21%, Germany 9%, Grenada 8%, Italy 5% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

Germany 30%, USA 29%, Italy 20%, Turkey 5%, China 5% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2021 dollars

Real GDP per capita 2021

$74,200 (2021 est.)

Real GDP per capita 2022

$76,400 (2022 est.)

Real GDP per capita 2023

$78,100 (2023 est.)

Real GDP growth rate

note

note: annual GDP % growth based on constant local currency

Real GDP growth rate 2021

4.9% (2021 est.)

Real GDP growth rate 2022

5.2% (2022 est.)

Real GDP growth rate 2023

4.4% (2023 est.)

Agricultural products

vegetables, fruit; livestock; turtle farming

Exports - commodities

aircraft, ships, refined petroleum, natural gas, broadcasting equipment (2023)

note: top five export commodities based on value in dollars

Imports - commodities

ships, refined petroleum, cars, furniture, jewelry (2023)

note: top five import commodities based on value in dollars

Current account balance

note

note: balance of payments - net trade and primary/secondary income in current dollars

Current account balance 2021

-$794.205 million (2021 est.)

Current account balance 2022

-$749.482 million (2022 est.)

Current account balance 2023

-$712.684 million (2023 est.)

GDP (official exchange rate)

$7.139 billion (2023 est.)

note: data in current dollars at official exchange rate

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2015

-2.3% (2015 est.)

Inflation rate (consumer prices) 2016

-0.6% (2016 est.)

Inflation rate (consumer prices) 2017

2% (2017 est.)

Industrial production growth rate

3.4% (2022 est.)

note: annual % change in industrial value added based on constant local currency

Real GDP (purchasing power parity)

note

note: data in 2021 dollars

Real GDP (purchasing power parity) 2021

$5.199 billion (2021 est.)

Real GDP (purchasing power parity) 2022

$5.467 billion (2022 est.)

Real GDP (purchasing power parity) 2023

$5.705 billion (2023 est.)

Reserves of foreign exchange and gold

note

note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Reserves of foreign exchange and gold 2021

$228.3 million (2021 est.)

Reserves of foreign exchange and gold 2022

$225.4 million (2022 est.)

Reserves of foreign exchange and gold 2023

$234 million (2023 est.)

GDP - composition, by sector of origin

note

note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data

industry

8.2% (2022 est.)

services

85.4% (2022 est.)

agriculture

0.5% (2022 est.)