New businesses registered (number) in Cayman Islands
Cayman Islands: New businesses registered was 11,197 number in 2024. ▲ Rising
New businesses registered in Cayman Islands, 2006–2024
Source: Entrepreneurship Database, World Bank (WB). Measured in number.
Analysis
Cayman Islands recorded 11,197 number for new businesses registered in 2024.
That represents a change of up 16.9% on the previous year and up 1.7% over ten years.
Over the whole period, new businesses registered in Cayman Islands peaked at 16,748 number in 2021 and was at its lowest, 7,859 number, in 2009.
Cayman Islands ranks 85th of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
New businesses registered in Cayman Islands, year by year
| Year | number | Change |
|---|---|---|
| 2006 | 12,275 number | — |
| 2007 | 14,235 number | +16.0% |
| 2008 | 11,860 number | -16.7% |
| 2009 | 7,859 number | -33.7% |
| 2010 | 8,153 number | +3.7% |
| 2011 | 9,059 number | +11.1% |
| 2012 | 8,965 number | -1.0% |
| 2013 | 9,429 number | +5.2% |
| 2014 | 11,005 number | +16.7% |
| 2015 | 11,860 number | +7.8% |
| 2016 | 11,174 number | -5.8% |
| 2017 | 13,046 number | +16.8% |
| 2018 | 16,326 number | +25.1% |
| 2019 | 12,817 number | -21.5% |
| 2020 | 11,731 number | -8.5% |
| 2021 | 16,748 number | +42.8% |
| 2022 | 11,796 number | -29.6% |
| 2023 | 9,582 number | -18.8% |
| 2024 | 11,197 number | +16.9% |
Cayman Islands compared with similar countries
- Cayman Islands's 11,197 number is below the median for high income countries, which is 19,050 number, 59% of the median. (63 countries reporting)
- Cayman Islands's 11,197 number is above the median for Latin America & Caribbean, which is 5,128 number, 2.2× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11,557 number | 7,859 number | 14,235 number | 4 |
| 2010s | 11,183 number | 8,153 number | 16,326 number | 10 |
| 2020s | 12,211 number | 9,582 number | 16,748 number | 5 |
Countries ranked near Cayman Islands
- 82 Namibia 12,117 number compare
- 83 Guatemala 11,909 number compare
- 84 Puerto Rico 11,218 number compare
- 86 Dominican Republic 10,204 number compare
- 87 Burkina Faso 10,046 number compare
- 88 Kyrgyzstan 9,638 number compare
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 new businesses registered in Cayman Islands?
- New businesses registered in Cayman Islands was 11,197 number in 2024, according to Entrepreneurship Database, World Bank (WB).
- What is the highest new businesses registered recorded in Cayman Islands?
- The highest recorded value was 16,748 number in 2021.
- What is the lowest new businesses registered recorded in Cayman Islands?
- The lowest recorded value was 7,859 number in 2009.
- How does Cayman Islands rank for new businesses registered?
- Cayman Islands ranks 85th out of 177 countries with data for 2024.
- Is new businesses registered rising or falling in Cayman Islands?
- Over the last ten years it is up 1.7%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from Entrepreneurship Database, World Bank (WB), published as part of New businesses registered (number). Statizoid updates them automatically from the source API.
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About this data
New businesses registered are the number of new limited liability corporations (or its equivalent) registered in the calendar year.