Current Account to GDP in Cayman Islands increased to -9.80 percent in 2019 from -16.80 percent in 2018. source: Cayman Islands - The Economics & Statistics Office

Current Account to GDP in Cayman Islands averaged -19.42 percent from 2005 until 2019, reaching an all time high of -9.80 percent in 2019 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 July of 2021.

Current Account to GDP in Cayman Islands is expected to reach -21.00 percent by the end of 2021, 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 -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
-9.80 -16.80 -9.80 -38.80 2005 - 2019 percent of GDP Yearly

Cayman Islands Trade Last Previous Highest Lowest Unit
Balance of Trade -1095.90 -1148.20 -8.40 -1148.20 KYD Million [+]
Current Account -484.70 -772.90 -409.60 -913.10 KYD Million [+]
Current Account to GDP -9.80 -16.80 -9.80 -38.80 percent of GDP [+]
Imports 310.50 296.85 976.30 8.90 KYD Million [+]
Exports 18.40 41.50 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.