Current Account to GDP in Cayman Islands decreased to -21.50 percent in 2019 from -18.70 percent in 2018. source: Cayman Islands - The Economics & Statistics Office

Current Account to GDP in Cayman Islands averaged -20.34 percent from 2005 until 2019, reaching an all time high of -13.80 percent in 2015 and a record low of -38.80 percent in 2014. This page provides - Cayman Islands Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cayman Islands Current Account to GDP - values, historical data and charts - was last updated on January of 2021.

Current Account to GDP in Cayman Islands is expected to reach -22.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cayman Islands Current Account to GDP is projected to trend around -21.00 percent in 2021 and -19.00 percent in 2022, according to our econometric models.

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Cayman Islands Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-21.50 -18.70 -13.80 -38.80 2005 - 2019 percent Yearly

Cayman Islands Trade Last Previous Highest Lowest Unit
Balance of Trade -1138.40 -1008.40 -8.40 -1138.40 KYD Million [+]
Current Account -1078.40 -858.00 -409.60 -1078.40 KYD Million [+]
Current Account to GDP -21.50 -18.70 -13.80 -38.80 percent [+]
Imports 187.00 288.20 976.30 8.90 KYD Million [+]
Exports 44.90 34.40 54.00 0.20 KYD Million [+]
Tourist Arrivals 502.70 463.30 502.70 167.80 Thousand [+]


Cayman Islands Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.