Travel services (% of commercial service imports) in Cayman Islands
Cayman Islands: Travel services (% of commercial service imports) was 18.0% in 2024. ▬ Flat
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 imports.
Analysis
In 2024, travel services in Cayman Islands stood at 18.0%.
That represents a change of down 1.4% on the previous year and up 1.8% over ten years.
Over the whole period, travel services in Cayman Islands peaked at 18.2% in 2023 and was at its lowest, 9.9%, in 2021.
That places Cayman Islands 108th out of 198 countries with data for 2024, putting it in the middle of the range.
Travel services (% of commercial service imports) in Cayman Islands, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 2016 | 17.6% | — |
| 2017 | 16.5% | -6.7% |
| 2018 | 15.4% | -6.2% |
| 2019 | 16.1% | +4.6% |
| 2020 | 11.6% | -28.2% |
| 2021 | 9.9% | -14.4% |
| 2022 | 15.8% | +59.1% |
| 2023 | 18.2% | +15.3% |
| 2024 | 18.0% | -1.4% |
Cayman Islands compared with similar countries
- Cayman Islands's 18.0% is below the median for high income countries, which is 21.8%, 82% of the median. (72 countries reporting)
- Cayman Islands's 18.0% is below the median for Latin America & Caribbean, which is 18.1%, 99% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 16.4% | 15.4% | 17.6% | 4 |
| 2020s | 14.7% | 9.9% | 18.2% | 5 |
Countries ranked near Cayman Islands
- 105 Austria 18.8% compare
- 106 Solomon Islands 18.2% compare
- 107 Honduras 18.1% compare
- 109 Saint Kitts and Nevis 17.9% compare
- 110 Sint Maarten (Dutch part) 17.8% compare
- 111 India 17.6% 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)
- 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 18.0% 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 18.2% in 2023.
- What is the lowest travel services recorded in Cayman Islands?
- The lowest recorded value was 9.9% in 2021.
- How does Cayman Islands rank for travel services?
- Cayman Islands ranks 108th out of 198 countries with data for 2024.
- Is travel services rising or falling in Cayman Islands?
- Over the last ten years it is up 1.8%. The long-run trend across the full record is flat.
- 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 imports). 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 imports which are commercial services provided by non-residents to residents.