Cayman Islands Current Account to GDP

Cayman Islands recorded a Current Account deficit of 18.10 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office. From 2005 until 2012, Cayman Islands Current Account to GDP averaged -19.0 Percent reaching an all time high of -16.6 Percent in December of 2009 and a record low of -29.4 Percent in December of 2005. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-18.10 -18.20 -16.60 -29.40 -18.78 | 2013/12 2005 - 2012 Percent Yearly

TO

Cayman Islands Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -174.70 2013-06-30 -190.60 -8.40 -933.50 -183.14 2013-09-30 KYD Million [+]
Current Account -467.00 2012-12-31 -455.00 -408.20 -476.10 -490.47 2013-12-31 KYD Million [+]
Current Account to GDP -18.10 2012-12-31 -18.20 -16.60 -29.40 -18.78 2013-12-31 Percent [+]
Exports 3.50 2013-06-30 2.30 42.80 0.20 1.66 2013-09-30 KYD Million [+]
Imports 214.40 2013-12-31 187.50 976.30 8.90 199.20 2014-03-31 KYD Million [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Cayman Islands Balance of Trade at -174.70 KYD Million  
Cayman Islands recorded a trade deficit of 174.70 KYD Million in the second quarter of 2013. Balance of Trade in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands Imports at 214.40 KYD Million  
Imports in Cayman Islands increased to 214.40 KYD Million in the fourth quarter of 2013 from 187.50 KYD Million in the third quarter of 2013. Imports in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands Exports at 3.50 KYD Million  
Exports in Cayman Islands increased to 3.50 KYD Million in the second quarter of 2013 from 2.30 KYD Million in the first quarter of 2013. Exports in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands GDP Annual Growth Rate at 0.80 Percent  
The Gross Domestic Product (GDP) in Cayman Islands expanded 0.80 percent in the third quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands Population at 0.06 Million  
The total population in Cayman Islands was last recorded at 0.1 million people in 2012 from 0.0 million in 1960, changing 500 percent during the last 50 years. Population in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands Inflation Rate at 1.70 Percent  
The inflation rate in Cayman Islands was recorded at 1.70 percent in the fourth quarter of 2013. Inflation Rate in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands Personal Income Tax Rate at 0.00 percent  
The Personal Income Tax Rate in Cayman Islands stands at 0 percent. Personal Income Tax Rate in Cayman Islands is reported by the Ministry of Finance, Tourism and Development.
Cayman Islands Corporate Tax Rate at 0.00 percent  
The Corporate Tax Rate in Cayman Islands stands at 0 percent. Corporate Tax Rate in Cayman Islands is reported by the Ministry of Finance, Tourism and Development.
Cayman Islands Current Account at -467.00 KYD Million  
Cayman Islands recorded a Current Account deficit of 467 KYD Million in 2012. Current Account in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
Cayman Islands Government Budget at -1.10 Percent of GDP  
Cayman Islands recorded a Government Budget deficit equal to 1.10 percent of the countrys Gross Domestic Product in 2012. Government Budget in Cayman Islands is reported by the Cayman Islands - The Economics & Statistics Office.
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