Cayman Islands recorded a Current Account deficit of 13.60 percent of the country's Gross Domestic Product in 2021. source: Cayman Islands - The Economics & Statistics Office

Current Account to GDP in Cayman Islands averaged -18.87 percent of GDP from 2005 until 2021, reaching an all time high of -10.90 percent of GDP in 2019 and a record low of -38.80 percent of GDP 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 March of 2023.

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Cayman Islands Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade -1267.70 -1097.30 KYD Million Dec 2021
Current Account to GDP -13.60 -14.70 percent of GDP Dec 2021
Current Account -684.50 -689.60 KYD Million Dec 2021
Imports 383.30 387.56 KYD Million Sep 2022
Exports 14.30 17.70 KYD Million Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-13.60 -14.70 -10.90 -38.80 2005 - 2021 percent of GDP Yearly