The economy of Cayman Islands advanced by 3.8 percent year-on-year in the first quarter of 2022, compared to a 3.2 percent expansion in the previous three-month period and marking its sharpest growth since the third quarter of 2019. source: Cayman Islands - The Economics & Statistics Office

GDP Annual Growth Rate in Cayman Islands averaged 1.45 percent from 1992 until 2022, reaching an all time high of 6.50 percent in the fourth quarter of 2005 and a record low of -18.70 percent in the second quarter of 2020. This page provides - Cayman Islands GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cayman Islands GDP Annual Growth Rate - values, historical data and charts - was last updated on February of 2023.

GDP Annual Growth Rate in Cayman Islands is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Cayman Islands GDP Annual Growth Rate

Related Last Previous Unit Reference
GDP Annual Growth Rate 3.80 3.20 percent Mar 2022

Cayman Islands GDP Annual Growth Rate
The Cayman Islands is a British overseas territory located in the Caribbean known for being a major tax heaven. International finance is the most important sector of the economy, and accounts for around 55 percent of GDP and 40 percent of government revenue. High-end tourism is also crucial, and accounts for around 30 percent of GDP.
Actual Previous Highest Lowest Dates Unit Frequency
3.80 3.20 6.50 -18.70 1992 - 2022 percent Quarterly