Cayman Islands GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Cayman Islands expanded 1.20 percent in the second 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. From 1992 until 2013, Cayman Islands GDP Annual Growth Rate averaged 1.5 Percent reaching an all time high of 6.5 Percent in December of 2005 and a record low of -6.9 Percent in June of 2010. The Cayman Islands is a British overseas territory located in the Caribbean known for being a major tax. International finance is the most important sector of the economy, and accounts for around 55 percent of GDP and 40 percent of government revenue. High-end tourism is also crucial, and accounts for around 30 percent of GDP. Yet, adapting its banking industry to pressure from tax authorities worldwide is a major issue for the government. This page provides - Cayman Islands GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.20 -0.60 6.50 -6.90 -0.21 | 2013/09 1992 - 2013 Percent Quarterly

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Cayman Islands GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
Gdp 3.08 2009-12-31 2.72 3.08 2.04 3.09 2010-12-31 USD Billion [+]
Gdp Per Capita 54827.20 2009-12-31 51716.30 54827.20 50384.80 54892.01 2010-12-31 USD [+]
Gdp Per Capita Ppp 89400.00 2009-12-31 90600.00 90600.00 89400.00 89398.59 2010-12-31 USD [+]
GDP Annual Growth Rate 1.20 2013-06-30 -0.60 6.50 -6.90 -0.21 2013-09-30 Percent [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

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 GDP Annual Growth Rate at 1.20 Percent  
The Gross Domestic Product (GDP) in Cayman Islands expanded 1.20 percent in the second 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 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 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 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 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 World Bank.
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.
Cayman Islands Current Account to GDP at -18.10 Percent  
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.
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