News

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

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

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

The Spring Labour Force Survey (LFS) and Quality of Life Survey (QLS) conducted by the Economics and Statistics Office (ESO) will begin on Sunday, 28th April 2024. The LFS seeks to collect data on employed and unemployed persons in the Cayman Island... READ MORE

Real gross domestic product (GDP) in the Cayman Islands is estimated to have increased by 4.0% in the first nine months of 2023. Available indicators suggest that the Islands’ output expanded across all the core sectors. The largest positive change... READ MORE

The average CPI in 2023 was 131.0, an increase of 3.8 percent over the average CPI in 2022. This represents an increase in the overall index, driven mainly by higher prices for household furnishings and equipment, food and non-alcoholic beverag... READ MORE

The GDP estimate for 2022 (which is based on data collected from businesses and other establishments in the Islands) shows that the local economy expanded by 5.2%, adding to the 4.9% growth in 2021 after a 5.0% decline in economic activity in 2020.... READ MORE

The Cayman Islands’ Balance of Payments (BOP) and International Investment Position (IIP) Report 2022 shows the statistical summaries of the economic and financial transactions between residents of the Cayman Islands and the rest of the world.... READ MORE

The total value of the merchandise imports decreased for the second quarter of 2023. Goods imported for the second quarter stood at $377.82 million, a decrease of 2.55 percent, emanating from lower imports of petroleum and petroleum-related pro... READ MORE

The third quarter inflation rate was 1.2 percent, and among the leading contributors was a 10.3 percent rise in household furnishings and equipment, while food and non-alcoholic beverages followed with a 4.9 percent increase in its index.... READ MORE