Cayman Islands recorded a Current Account deficit of 7.70 percent of the country's Gross Domestic Product in 2023. Current Account to GDP in Cayman Islands averaged -17.77 percent of GDP from 2005 until 2023, reaching an all time high of -7.70 percent of GDP in 2023 and a record low of -38.80 percent of GDP in 2014. source: Cayman Islands - The Economics & Statistics Office

Current Account to GDP in Cayman Islands is expected to reach -6.00 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cayman Islands Current Account to GDP is projected to trend around -4.50 percent of GDP in 2026 and -3.80 percent of GDP in 2027, according to our econometric models.



Related Last Previous Unit Reference
Balance of Trade -1597.60 -1480.60 KYD Million Dec 2024
Current Account -456.60 -539.40 KYD Million Dec 2023
Current Account to GDP -7.70 -9.80 percent of GDP Dec 2023
Exports 56.40 46.00 KYD Million Dec 2024
Imports 411.40 415.30 KYD Million Dec 2024



Cayman Islands Current Account to GDP
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.
Actual Previous Highest Lowest Dates Unit Frequency
-7.70 -9.80 -7.70 -38.80 2005 - 2023 percent of GDP Yearly