Service exports — all countries

Service exports — Cayman Islands

Service exports in the Cayman Islands in 2024 — 4,766,704,350 US$. Ranked 94 in the world out of 165. Since 2016, the indicator has risen by 54.9%.

2024 4.77B US$ +5.46% vs 2023
World rank 94of 165
Period maximum 4.77B US$2024
Period minimum 3.08B US$2016

Trend over time

2016–2024 · US$

Service exports — Cayman Islands, 2016–20243B3.5B4B4.5B5B2016201720182019202020212022202320242016: 3,076,389,141 US$2017: 3,453,719,358 US$2018: 3,649,604,730 US$2019: 3,770,897,183 US$2020: 3,339,387,646 US$2021: 3,440,219,240 US$2022: 4,091,211,660 US$2023: 4,519,788,326 US$2024: 4,766,704,350 US$
Change over the period: +1.69B (+54.94%) Average annual rate: 5.63 %

Comparison, 2024

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

Cayman Islands 4.77B US$
World 8.85T US$
High-income countries computed 7.04T US$
Service exports — Cayman Islands, by year Cayman Islands All countries CSV XLSX
Year US$ Change Change, %
2024 4.77B +247M +5.46%
2023 4.52B +429M +10.48%
2022 4.09B +651M +18.92%
2021 3.44B +101M +3.02%
2020 3.34B −432M −11.44%
2019 3.77B +121M +3.32%
2018 3.65B +196M +5.67%
2017 3.45B +377M +12.27%
2016 3.08B

About the indicator

Exports of services: travel and tourism, transport, communications, insurance, financial and business services, royalties, computer and information services. For dozens of countries this flow is larger than merchandise exports, and not only for the obvious tourist destinations: India, Ireland and the Philippines ended up near the top of the list on software and business services. Services, unlike goods, do not pass through customs, so they are estimated from banking and survey statistics and are measured less precisely.

Important: It serves as the denominator for the share of ICT services in service exports. It excludes investment income and compensation of employees — those are counted separately, in the primary income account.

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