The Gross Domestic Product (GDP) in Cayman Islands contracted 7.70 percent in the third quarter of 2020 over the same quarter of the previous year. source: Cayman Islands - The Economics & Statistics Office

GDP Annual Growth Rate in Cayman Islands averaged 1.46 percent from 1992 until 2020, 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 May of 2021.

GDP Annual Growth Rate in Cayman Islands is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Cayman Islands to stand at 6.40 in 12 months time. In the long-term, the Cayman Islands GDP Annual Growth Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.

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Cayman Islands GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-7.70 -18.70 6.50 -18.70 1992 - 2020 percent Quarterly

Cayman Islands GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -7.70 -18.70 6.50 -18.70 percent [+]
GDP 5.49 5.14 5.49 4.16 USD Billion [+]


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.