Commercial service imports in Cayman Islands
Cayman Islands: Commercial service imports was 1.99 billion current US$ in 2024. ▲ Rising
Commercial service imports in Cayman Islands, 2016–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current US$.
Analysis
Cayman Islands recorded 1.99 billion current US$ for commercial service imports in 2024. That is the highest value across all 9 years on record.
The figure is up 9.3% on the previous year and up 81.5% over ten years.
Over the whole period, commercial service imports in Cayman Islands peaked at 1.99 billion current US$ in 2024 and was at its lowest, 1.10 billion current US$, in 2016.
That places Cayman Islands 125th out of 200 countries with data for 2024, putting it in the middle of the range.
Commercial service imports in Cayman Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 2016 | 1.10 billion current US$ | — |
| 2017 | 1.25 billion current US$ | +13.8% |
| 2018 | 1.39 billion current US$ | +11.0% |
| 2019 | 1.41 billion current US$ | +1.5% |
| 2020 | 1.27 billion current US$ | -9.8% |
| 2021 | 1.42 billion current US$ | +12.1% |
| 2022 | 1.68 billion current US$ | +17.7% |
| 2023 | 1.82 billion current US$ | +8.8% |
| 2024 | 1.99 billion current US$ | +9.3% |
Cayman Islands compared with similar countries
- Cayman Islands's 1.99 billion current US$ is below the median for high income countries, which is 18.83 billion current US$, 11% of the median. (72 countries reporting)
- Cayman Islands's 1.99 billion current US$ is below the median for Latin America & Caribbean, which is 2.75 billion current US$, 72% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.29 billion current US$ | 1.10 billion current US$ | 1.41 billion current US$ | 4 |
| 2020s | 1.64 billion current US$ | 1.27 billion current US$ | 1.99 billion current US$ | 5 |
Countries ranked near Cayman Islands
More private sector data for Cayman Islands
- Merchandise trade 26.4% (2024)
- Food imports 21.3% (2024)
- Manufactures imports 58.8% (2024)
- Merchandise imports 2.11 billion current US$ (2025)
- Food exports 3.8% (2024)
- Manufactures exports 26.0% (2024)
- Merchandise exports 25.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 329.62 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0088 current US$ per US$ of GDP (2024)
- Merchandise exports (current US$), annual growth rate -63.24 % change on previous year (2025)
Frequently asked questions
- What is commercial service imports in Cayman Islands?
- Commercial service imports in Cayman Islands was 1.99 billion current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest commercial service imports recorded in Cayman Islands?
- The highest recorded value was 1.99 billion current US$ in 2024.
- What is the lowest commercial service imports recorded in Cayman Islands?
- The lowest recorded value was 1.10 billion current US$ in 2016.
- How does Cayman Islands rank for commercial service imports?
- Cayman Islands ranks 125th out of 200 countries with data for 2024.
- Is commercial service imports rising or falling in Cayman Islands?
- Over the last ten years it is up 81.5%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Commercial service imports (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 9 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Commercial service imports are total service imports minus imports of government services not included elsewhere. Imports of services are services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.