Services share of GDP — all countries

Services share of GDP — Cayman Islands

Services share of GDP in the Cayman Islands in 2024 — 86.5%. Ranked 5 in the world out of 189. Since 2006, the indicator has risen by 3 pp.

2024 86.5% +0.2 pp vs 2023
World rank 5of 189
Period maximum 87.6%2010
Period minimum 83.5%2006

Trend over time

2006–2024 · % of GDP

Services share of GDP — Cayman Islands, 2006–20248284868820062008201020122014201620182020202220242006: 83.5%2007: 84.4%2008: 85%2009: 86.9%2010: 87.6%2011: 87.3%2012: 87.2%2013: 87.2%2014: 87.3%2015: 87.4%2016: 86.9%2017: 87.1%2018: 86.1%2019: 86.2%2020: 86.8%2021: 85.2%2022: 85.8%2023: 86.4%2024: 86.5%
Change over the period: +3 pp Annual average: 0.17 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Cayman Islands

Cayman Islands 86.5%
World 63.3%
High-income countries computed 65.7%
Services share of GDP — Cayman Islands, by year Cayman Islands All countries CSV XLSX
Year % Change, pp
2024 86.5 +0.2 pp
2023 86.4 +0.6 pp
2022 85.8 +0.6 pp
2021 85.2 −1.5 pp
2020 86.8 +0.6 pp
2019 86.2 +0 pp
2018 86.1 −1 pp
2017 87.1 +0.2 pp
2016 86.9 −0.6 pp
2015 87.4 +0.1 pp
2014 87.3 +0.1 pp
2013 87.2 +0 pp
2012 87.2 −0.1 pp
2011 87.3 −0.3 pp
2010 87.6 +0.7 pp
2009 86.9 +1.9 pp
2008 85 +0.6 pp
2007 84.4 +0.9 pp
2006 83.5

About the indicator

The share of value added by the service sector in GDP: wholesale and retail trade, transport, communications, finance, real estate, business and government services, education and health care. In most high-income countries it exceeds 70%; in small island states and tourism economies it reaches 80–90%.

Source: World Development Indicators (World Bank), license CC BY 4.0.