Secondary income balance (credit less debit), Net (credits less) in Cayman Islands
Cayman Islands: Secondary income balance (credit less debit), Net (credits less) was -198.66 million in 2023. ▲ Rising
Secondary income balance (credit less debit), Net (credits less) in Cayman Islands, 2016–2023
Source: International Monetary Fund.
Analysis
The most recent figure for secondary income balance (credit less debit), net (credits less) in Cayman Islands is -198.66 million, measured in 2023. That is the highest value across all 8 years on record.
Compared with earlier readings it is up 22.3% on the previous year and up 55.1% over ten years.
That places Cayman Islands 152nd out of 197 countries with data for 2023, putting it in the bottom quarter.
Secondary income balance (credit less debit), Net (credits less) in Cayman Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2016 | -442.38 million | — |
| 2017 | -746.96 million | +68.8% |
| 2018 | -699.15 million | -6.4% |
| 2019 | -571.23 million | -18.3% |
| 2020 | -474.89 million | -16.9% |
| 2021 | -733.40 million | +54.4% |
| 2022 | -255.51 million | -65.2% |
| 2023 | -198.66 million | -22.3% |
Cayman Islands compared with similar countries
- Cayman Islands's -198.66 million is above the median for high income countries, which is -347.77 million, 57% of the median. (72 countries reporting)
- Cayman Islands's -198.66 million is below the median for Latin America & Caribbean, which is 194.18 million. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -614.93 million | -746.96 million | -442.38 million | 4 |
| 2020s | -415.62 million | -733.40 million | -198.66 million | 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 secondary income balance (credit less debit), net (credits less) in Cayman Islands?
- Secondary income balance (credit less debit), net (credits less) in Cayman Islands was -198.66 million in 2023, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Cayman Islands?
- The highest recorded value was -198.66 million in 2023.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Cayman Islands?
- The lowest recorded value was -746.96 million in 2017.
- How does Cayman Islands rank for secondary income balance (credit less debit), net (credits less)?
- Cayman Islands ranks 152nd out of 197 countries with data for 2023.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Cayman Islands?
- Over the last ten years it is up 55.1%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from International Monetary Fund, published as part of Secondary income balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 8 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.