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Merchandise Imports increased in 2023

The total value of the Cayman Islands’ importation of goods stood at $1.53 billion for 2023, an increase of 2.0 percent over the previous year. This growth was driven primarily by the increase in non-petroleum imports which amounted to... READ MORE

The Inflation Rate was 1.5% for the First Quarter of 2024 Compared to First Quarter of 2023

Grand Cayman, 21 May 2024 - The first quarter inflation rate of 1.5 percent was significantly influenced by a 7.9 percent rise in the education index. This increase was primarily driven by a 10.9 percent rise in the tuition for secondary educat... READ MORE

The Unemployment Rate for Second-Half of 2023 is 3.3%

Labour market estimates from the Labour Force Survey (LFS) Fall 2023 Report show the unemployment rate (the proportion of unemployed persons to the total labour force) at 3.3%. The total labour force increased by 5.1% to reach 60,513 persons. The e... READ MORE