Services value added — all countries

Services value added — Cayman Islands

Services value added in the Cayman Islands in 2024 — 6,720,413,057 US$. Ranked 139 in the world out of 188. Since 2006, the indicator has risen by 91.5%.

2024 6.72B US$ +6.48% vs 2023
World rank 139of 188
Period maximum 6.72B US$2024
Period minimum 3.51B US$2006

Trend over time

2006–2024 · US$

Services value added — Cayman Islands, 2006–20243B4B5B6B7B20062008201020122014201620182020202220242006: 3,509,271,357 US$2007: 3,770,972,484 US$2008: 3,898,421,034 US$2009: 3,720,820,563 US$2010: 3,641,807,687 US$2011: 3,655,001,020 US$2012: 3,741,337,405 US$2013: 3,841,769,527 US$2014: 3,984,078,096 US$2015: 4,116,697,587 US$2016: 4,264,354,217 US$2017: 4,500,051,120 US$2018: 4,762,431,570 US$2019: 5,119,953,800 US$2020: 4,908,227,917 US$2021: 5,166,443,703 US$2022: 5,708,582,092 US$2023: 6,311,502,775 US$2024: 6,720,413,057 US$
Change over the period: +3.21B (+91.5%) Average annual rate: 3.68 %

Comparison, 2024

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

Cayman Islands 6.72B US$
World 70.69T US$
High-income countries computed 25.79T US$
Services value added — Cayman Islands, by year Cayman Islands All countries CSV XLSX
Year US$ Change Change, %
2024 6.72B +409M +6.48%
2023 6.31B +603M +10.56%
2022 5.71B +542M +10.49%
2021 5.17B +258M +5.26%
2020 4.91B −212M −4.14%
2019 5.12B +358M +7.51%
2018 4.76B +262M +5.83%
2017 4.5B +236M +5.53%
2016 4.26B +148M +3.59%
2015 4.12B +133M +3.33%
2014 3.98B +142M +3.7%
2013 3.84B +100M +2.68%
2012 3.74B +86.34M +2.36%
2011 3.66B +13.19M +0.36%
2010 3.64B −79.01M −2.12%
2009 3.72B −178M −4.56%
2008 3.9B +127M +3.38%
2007 3.77B +262M +7.46%
2006 3.51B

About the indicator

Value added by the service sector in current US dollars: trade, transport, communications, finance, real estate, public administration, education, health care and everything else that is neither industry nor agriculture. In most advanced countries this is two thirds of the economy or more, and in absolute figures the sector is larger than industry almost everywhere except a few manufacturing economies of East Asia.

Important: A residual category by definition: everything not assigned to agriculture or industry. Its composition is therefore harder to compare across countries than its size.

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