Goods balance (credit less debit), Net (credits less debits) (US) in Cayman Islands
Cayman Islands: Goods balance (credit less debit), Net (credits less debits) (US) was -1.49 billion in 2023. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in Cayman Islands, 2016–2023
Source: International Monetary Fund.
Analysis
The most recent figure for goods balance (credit less debit), net (credits less debits) in Cayman Islands is -1.49 billion, measured in 2023. That is the lowest value across all 8 years on record.
The figure is down 0.4% on the previous year and down 425.1% over ten years.
Cayman Islands ranks 117th of 198 countries on this measure, in the middle of the range.
Goods balance (credit less debit), Net (credits less debits) (US) in Cayman Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2016 | -283.80 million | — |
| 2017 | -622.29 million | +119.3% |
| 2018 | -818.68 million | +31.6% |
| 2019 | -897.56 million | +9.6% |
| 2020 | -1.14 billion | +27.3% |
| 2021 | -1.28 billion | +12.0% |
| 2022 | -1.48 billion | +16.0% |
| 2023 | -1.49 billion | +0.4% |
Cayman Islands compared with similar countries
- Cayman Islands's -1.49 billion is below the median for high income countries, which is -810.36 million, 1.8× the median. (72 countries reporting)
- Cayman Islands's -1.49 billion is below the median for Latin America & Caribbean, which is -820.85 million, 1.8× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -655.58 million | -897.56 million | -283.80 million | 4 |
| 2020s | -1.35 billion | -1.49 billion | -1.14 billion | 4 |
Countries ranked near Cayman Islands
More financial sector data for Cayman Islands
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 10.83 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0249 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 2,596 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate 10.83 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 2,596 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate 10.83 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 2,596 SDR per person (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate 10.83 % change on previous year (2024)
- Total reserves (gold at national valuation) (SDR), per capita 2,596 SDR per person (2024)
- Total reserves in months of imports, annual growth rate 12.65 % change on previous year (2024)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in Cayman Islands?
- Goods balance (credit less debit), net (credits less debits) in Cayman Islands was -1.49 billion in 2023, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Cayman Islands?
- The highest recorded value was -283.80 million in 2016.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Cayman Islands?
- The lowest recorded value was -1.49 billion in 2023.
- How does Cayman Islands rank for goods balance (credit less debit), net (credits less debits)?
- Cayman Islands ranks 117th out of 198 countries with data for 2023.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Cayman Islands?
- Over the last ten years it is down 425.1%. The long-run trend across the full record is falling.
- Where does this Cayman Islands data come from?
- The figures come from International Monetary Fund, published as part of Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.