Cayman Islands Current Account to GDP
Cayman Islands recorded a Current Account deficit of 18.10 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Cayman Islands averaged -18.97 Percent from 2005 until 2012, reaching an all time high of -16.60 Percent in 2009 and a record low of -29.40 Percent in 2005. Current Account to GDP in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
||2005 - 2012
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Cayman Islands Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.