News

Economic activity in the Cayman Islands, as measured by the gross domestic product (GDP) in real terms, is estimated to have increased by 3.8% in the first three months of 2022. Indicators suggest that the growth in economic activity was broad-base... READ MORE

The total value of merchandise imports increased for the second quarter of 2022 as the economy showed continued growth. Imports for the second quarter stood at $387.56 million, an increase of 25.2 percent, resulting from higher imports of both Non-... READ MORE

Labour market estimates from the Labour Force Survey (LFS) Spring 2022 show the unemployment rate (the proportion of unemployed persons to the total labour force) at 3.0%. The total labour force increased by 11.7% to reach 54,398 persons. The emplo... READ MORE

Pent-up demand and robust growth in financial services led to an expansion in domestic output for the year 2021, with real Gross Domestic Product (GDP) estimated to have expanded by 1.8 percent. This was the highlight of The Cayman Islands’ Annual Ec... READ MORE

The Consumer Price Index (CPI) increased by 12.1 percent in the second quarter of 2022 when compared to the same period in 2021. Eleven of the twelve CPI divisions recorded increases in average prices as education recorded a 0.6 percent decline. In... READ MORE

Demographic Characteristics The total population in 2021 stood at 71,432, comprising 71,105 persons living in households or non-institutions and 327 persons living in institutions (including prisons and dormitories). The non-institutional populatio... READ MORE

The total value of the Islands’ importation of goods for the first quarter of 2022 stood at $334.9 million, an increase of 16.7 percent. This growth resulted from the rise in both non-petroleum and petroleum-related imports. Non-petroleum imports am... READ MORE

The Consumer Price Index (CPI) increased by 11.2 percent in the first quarter of 2022 when compared to the same period in 2021. All twelve CPI divisions recorded increases in average prices. In the first quarter of 2022, the division housing and uti... READ MORE

The total value of the merchandise imports grew to $326.86 for the July to September 2021 quarter, an increase of 10.1 percent over the previous corresponding quarter, with non-petroleum and petroleum & petroleum-related imports growing by 5.4 percen... READ MORE

The total value of the Islands’ importation of goods stood at $1,281.9 million, recording an increase of 15.0 percent for 2021. This growth resulted from increases in both non-petroleum as well as petroleum-related imports. Non-petroleum imports amo... READ MORE