Travel services (% of commercial service exports) in Cayman Islands
Cayman Islands: Travel services (% of commercial service exports) was 17.8% in 2024. ▼ Falling
Travel services in Cayman Islands, 2016–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
In 2024, travel services in Cayman Islands stood at 17.8%.
Compared with earlier readings it is down 4.6% on the previous year and down 22.8% over ten years.
Over the whole period, travel services in Cayman Islands peaked at 24.4% in 2019 and was at its lowest, 1.1%, in 2021.
Cayman Islands ranks 146th of 198 countries on this measure, in the middle of the range.
Travel services (% of commercial service exports) in Cayman Islands, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 2016 | 23.0% | — |
| 2017 | 23.0% | -0.3% |
| 2018 | 23.9% | +4.0% |
| 2019 | 24.4% | +2.0% |
| 2020 | 7.5% | -69.2% |
| 2021 | 1.1% | -84.9% |
| 2022 | 15.8% | +1287.3% |
| 2023 | 18.6% | +18.2% |
| 2024 | 17.8% | -4.6% |
Cayman Islands compared with similar countries
- Cayman Islands's 17.8% is below the median for high income countries, which is 27.1%, 66% of the median. (72 countries reporting)
- Cayman Islands's 17.8% is below the median for Latin America & Caribbean, which is 53.3%, 33% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 23.6% | 23.0% | 24.4% | 4 |
| 2020s | 12.2% | 1.1% | 18.6% | 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)
- Commercial service imports 1.99 billion current US$ (2024)
- Food exports 3.8% (2024)
- Manufactures exports 26.0% (2024)
- Merchandise exports 25.00 million current US$ (2025)
- Commercial service exports 4.77 billion current US$ (2024)
- Merchandise exports (current US$), per capita 329.62 current US$ per person (2025)
Frequently asked questions
- What is travel services in Cayman Islands?
- Travel services in Cayman Islands was 17.8% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Cayman Islands?
- The highest recorded value was 24.4% in 2019.
- What is the lowest travel services recorded in Cayman Islands?
- The lowest recorded value was 1.1% in 2021.
- How does Cayman Islands rank for travel services?
- Cayman Islands ranks 146th out of 198 countries with data for 2024.
- Is travel services rising or falling in Cayman Islands?
- Over the last ten years it is down 22.8%. The long-run trend across the full record is falling.
- 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 Travel services (% of commercial service exports). Statizoid updates them automatically from the source API.
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About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.