Services balance (credit less debit), Net (credits less debits) (US) in Cayman Islands
Cayman Islands: Services balance (credit less debit), Net (credits less debits) (US) was 2.65 billion in 2023. ▲ Rising
Services balance (credit less debit), Net (credits less debits) in Cayman Islands, 2016–2023
Source: International Monetary Fund.
Analysis
The most recent figure for services balance (credit less debit), net (credits less debits) in Cayman Islands is 2.65 billion, measured in 2023. That is the highest value across all 8 years on record.
The figure is up 9.7% on the previous year and up 33.8% over ten years.
Cayman Islands ranks 48th of 197 countries on this measure, in the top quarter.
Services balance (credit less debit), Net (credits less debits) (US) in Cayman Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2016 | 1.98 billion | — |
| 2017 | 2.20 billion | +11.4% |
| 2018 | 2.26 billion | +2.6% |
| 2019 | 2.36 billion | +4.4% |
| 2020 | 2.06 billion | -12.6% |
| 2021 | 2.01 billion | -2.4% |
| 2022 | 2.41 billion | +19.8% |
| 2023 | 2.65 billion | +9.7% |
Cayman Islands compared with similar countries
- Cayman Islands's 2.65 billion is above the median for high income countries, which is 910.63 million, 2.9× the median. (72 countries reporting)
- Cayman Islands's 2.65 billion is above the median for Latin America & Caribbean, which is 169.67 million, 15.6× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.20 billion | 1.98 billion | 2.36 billion | 4 |
| 2020s | 2.28 billion | 2.01 billion | 2.65 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 services balance (credit less debit), net (credits less debits) in Cayman Islands?
- Services balance (credit less debit), net (credits less debits) in Cayman Islands was 2.65 billion in 2023, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Cayman Islands?
- The highest recorded value was 2.65 billion in 2023.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Cayman Islands?
- The lowest recorded value was 1.98 billion in 2016.
- How does Cayman Islands rank for services balance (credit less debit), net (credits less debits)?
- Cayman Islands ranks 48th out of 197 countries with data for 2023.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Cayman Islands?
- Over the last ten years it is up 33.8%. 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 Services 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.