Service imports in the Cayman Islands in 2024 — 1,996,079,583 US$. Ranked 115 in the world out of 165. Since 2016, the indicator has risen by 81.8%.
2016–2024 · US$
How the value compares with the world and the groups this territory belongs to: Cayman Islands
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2024 | 2B | +168M | +9.2% |
| 2023 | 1.83B | +149M | +8.88% |
| 2022 | 1.68B | +253M | +17.71% |
| 2021 | 1.43B | +150M | +11.78% |
| 2020 | 1.28B | −135M | −9.56% |
| 2019 | 1.41B | +21.22M | +1.53% |
| 2018 | 1.39B | +140M | +11.16% |
| 2017 | 1.25B | +152M | +13.84% |
| 2016 | 1.1B | — | — |
The same indicator for neighboring countries — with links to their pages
Imports of services: what residents spend on foreign transport, travel, insurance, business and computer services. A large and inconspicuous item: the spending of a country's own tourists abroad is counted here, so countries with well-off populations and a short holiday season have large service imports even when merchandise trade is weak. For many countries the difference between exports and imports of services flips the sign of a trade balance computed on goods alone.
Important: The trips of a country's own citizens abroad are part of service imports, not a separate item. It excludes compensation paid to foreign workers and investment income.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How much a country sells abroad in services — tourism, transport, communications, software.
Trade Imports of goods and servicesThe value of goods brought in and of services received from non-residents.
Trade Trade balanceThe difference between exports and imports of goods and services. A minus means imports are larger.
Trade Exports of goods and servicesThe value of goods shipped out and of services provided to non-residents, in US dollars.
Trade Exports (% of GDP)How far the economy is oriented toward external markets.
Trade Imports (% of GDP)How far the economy depends on supplies from abroad.
