Total reserves in months of imports (reserves International Financial) in Cayman Islands
Cayman Islands: Total reserves in months of imports (reserves International Financial) was 0.2647 in 2024. ▬ Flat
Total reserves in months of imports in Cayman Islands, 2018–2024
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
In 2024, total reserves in months of imports in Cayman Islands stood at 0.2647.
That represents a change of up 12.7% on the previous year and up 15.0% over ten years.
Cayman Islands ranks 173rd of 179 countries on this measure, in the bottom quarter.
Total reserves in months of imports (reserves International Financial) in Cayman Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2018 | 0.2303 | — |
| 2019 | 0.2562 | +11.3% |
| 2020 | 0.395 | +54.2% |
| 2021 | 0.4007 | +1.4% |
| 2022 | 0.2803 | -30.0% |
| 2023 | 0.235 | -16.2% |
| 2024 | 0.2647 | +12.7% |
Cayman Islands compared with similar countries
- Cayman Islands's 0.2647 is below the median for high income countries, which is 3.58, 7% of the median. (62 countries reporting)
- Cayman Islands's 0.2647 is below the median for Latin America & Caribbean, which is 4.12, 6% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.2432 | 0.2303 | 0.2562 | 2 |
| 2020s | 0.3151 | 0.235 | 0.4007 | 5 |
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 total reserves in months of imports in Cayman Islands?
- Total reserves in months of imports in Cayman Islands was 0.2647 in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest total reserves in months of imports recorded in Cayman Islands?
- The highest recorded value was 0.4007 in 2021.
- What is the lowest total reserves in months of imports recorded in Cayman Islands?
- The lowest recorded value was 0.2303 in 2018.
- How does Cayman Islands rank for total reserves in months of imports?
- Cayman Islands ranks 173rd out of 179 countries with data for 2024.
- Is total reserves in months of imports rising or falling in Cayman Islands?
- Over the last ten years it is up 15.0%. The long-run trend across the full record is flat.
- Where does this Cayman Islands data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Total reserves in months of imports. Statizoid updates them automatically from the source API.
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About this data
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This item is expressed in terms of the number of months of imports of goods and services they could pay for [X/(Imports/12)].