4 GeoFroggy

Cayman Islands

Continent:

Geography

People &
Society

Government

Economy

Energy

Communications

Military &
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Transportation

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Transnational Issues
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Economy Overview

tourism, tuna, and government services-based territorial economy; sustained economic decline; vulnerable tuna canning industry; large territorial government presence; minimum wage increases to rise to federal standards by 2036

Agriculture Products

bananas, coconuts, vegetables, taro, breadfruit, yams, copra, pineapples, papayas; dairy products, livestock

Industries

tuna canneries (largely supplied by foreign fishing vessels), handicrafts

Industrial Production Growth Rate

NA

Labor Force

17,850 (2015 est.)comparison ranking: 213

Unemployment Rate

29.8% (2005)comparison ranking: 5

Population Below Poverty Line

NA

Household Income or Consumption by Percentage Share

Lowest 10%: NA

Highest 10%: NA

Budget

Revenues: $249 million (2016 est.)

Expenditures: $262.5 million (2016 est.)

Budget Surplus

-2.1% (of GDP) (2016 est.)comparison ranking: 106

Public Debt

12.2% of GDP (2016 est.)comparison ranking: 197

Commercial Bank Prime Lending Rate

Stock of Narrow Money

Stock of Broad Money

Stock of Domestic Credit

Market Value of Publicly Traded Shares

Reserves of Foreign Exchange and Gold

Debt External

NA

Stock of Direct Foreign Investment at Home

Stock of Direct Foreign Investment Abroad

Exchange Rates

the US dollar is used
Year

Taxes and Other Revenues

  • 37.8% (of GDP) (2016 est.)comparison ranking: 16

Fiscal Year

  • 1 October - 30 September

Real GDP

  •  
    $658 million

GDP Purchasing Power Parity

GDP Real Growth Rate

    -1.87% (2021 est.)5.07% (2020 est.)-0.49% (2019 est.)

GDP Per Capital

    $11,200 (2016 est.)$11,300 (2015 est.)$11,200 (2014 est.)

Inflation Rate

    -0.5% (2015 est.)1.4% (2014 est.)

Gross National Saving

GDP Composition by end Use

  • Household consumption
    66.4% (2016 est.)
  • Government consumption
    49.7% (2016 est.)
  • Investment in fixed capital
    7.3% (2016 est.)
  • Investment in inventories
    5.1% (2016 est.)
  • Exports of goods and services
    65% (2016 est.)
  • Imports of goods and services
    -93.5% (2016 est.)

GDP Composition by Sector of Origin

  • Agriculture
    27.4% (2012)
  • Industry
    12.4% (2012)
  • Services
    60.2% (2012)

Inflation Rate Consumer Prices

Current Account Balance

Exports

  • 0
    $428 million (2016
  • Note
    Data are in

Exports Partners

  • Australia
    25%
  • Ghana
    19%
  • Indonesia
    15.6%
  • Burma
    10.4%
  • Portugal
    5.1%

Exports Commodities

    Refined petroleum, animal meal, vaccines and cultures, ethylene polymers, vulcanized rubber (2021)

Imports

    $615 million (2016 est.)$657 million (2015 est.)

Imports Partners

  • Fiji
    10.7%
  • Singapore
    10.4%
  • NZ
    10.4%
  • South
    Korea
  • Samoa
    8.2%
  • Kenya
    6.4%
  • Australia
    5.2%

Imports Commodities

    Raw materials for canneries, food, petroleum products, machinery and parts
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