Markets Actual Q1 Q2 Q3 Q4 2022
Currency 0.82 0.83 0.83 0.83 0.84 0.84

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 1.90 0.5 9 7.5 6.4 2
Unemployment Rate (%) 3.50 6.6 6.6 6.6 6.6 6.2
Inflation Rate (%) -1.60 1.3 2.4 2.4 2.5 2.3
Balance of Trade (KYD Million) -1138.40 -860 -860 -860 -860 -860
Current Account (KYD Million) -1078.40 -1050 -1050 -1050 -1050 -910
Current Account to GDP (%) -21.50 -21 -21 -21 -21 -19
Government Debt to GDP (%) 5.70 14.5 14.5 14.5 14.5 14.7
Government Budget (% of GDP) 2.50 1.5 1.5 1.5 1.5 3
Corporate Tax Rate (%) 0.00 0 0 0 0 0
Personal Income Tax Rate (%) 0.00 0 0 0 0 0

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 1.90 0.5 9 7.5 6.4 2

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 3.50 6.6 6.6 6.6 6.6 6.2
Population (Million) 0.07 0.09 0.09 0.09 0.1 0.11
Unemployed Persons 1695.00 2220 2220 2220 2220 2220

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -1.60 1.3 2.4 2.4 2.5 2.3
Food Inflation (%) 5.50 3.3 3.5 3.7 3.8 4
Consumer Price Index CPI (points) 109.50 112 113 113 113 114

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (KYD Million) -1138.40 -860 -860 -860 -860 -860
Current Account (KYD Million) -1078.40 -1050 -1050 -1050 -1050 -910
Current Account to GDP (%) -21.50 -21 -21 -21 -21 -19
Imports (KYD Million) 187.00 285 285 285 330 315
Exports (KYD Million) 44.90 28 28 28 28 28
Tourist Arrivals (Thousand) 502.70 250 250 250 250 350

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 5.70 14.5 14.5 14.5 14.5 14.7
Government Budget (% of GDP) 2.50 1.5 1.5 1.5 1.5 3

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 0.00 0 0 0 0 0
Personal Income Tax Rate (%) 0.00 0 0 0 0 0


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.