Cayman Islands - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Cayman Islands including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Cayman Islands economy.


MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 0.82
0.83 0.83 0.83 0.83 0.84
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 2.50
percent
2.7 2 2.7 2.7 2
GDP Per Capita Ppp 49902.10
USD
49902 49902 49902 49902 49902
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 4.90
percent
4.9 5.2 5.3 5.15 4.5
Population 0.06
Million
0.06 0.06 0.06 0.06 0.06
Unemployed Persons 2085.00
2118 2202 2209 2215 2129
Employed Persons 40856.00
41763 41993 42153 42313 43750
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 3.20
percent
0.8 1.2 1.8 2.8 2.4
Consumer Price Index Cpi 103.50
Index Points
102 103 105 106 108
Food Inflation 4.80
percent
4.24 4.14 2.4 2.84 3.13
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -848.30
KYD Million
-221 -231 -239 -242 -246
Exports 27.70
KYD Million
39.04 36.44 35.08 33.71 33.59
Imports 248.22
KYD Million
260 265 274 276 280
Current Account -997.20
KYD Million
-980 -980 -1000 -1000 -790
Current Account to GDP -32.10
percent
-20.81 -21.07 -18.51 -23.22 -16.42
Tourist Arrivals 418.40
Thousand
400 400 400 400 400
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 14.50
percent
15.8 13.4 12.3 15.8 14.5
Government Budget 5.30
percent of GDP
3.62 3.93 3.62 3.31 1.28
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 7581.00
KBps
7691 7691 7691 7691 7691
IP Addresses 23989.00
IP
26544 26668 26822 27143 29656
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 0.00
percent
0 0 0 0 0
Personal Income Tax Rate 0.00
percent
0 0 0 0 0
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 67.40
mm
159 117 38.95 108 109
Temperature 27.90
celsius
28.65 26.25 24.98 27.54 27.38