Cayman Islands: Agriculture, forestry, and fishing, value added (current US$)

Key figures

What the numbers say

In 2024, Cayman Islands' agriculture, forestry, and fishing, value added (current US$) rose 17.9% on 2023 (from US$29.81 million to US$35.15 million).

Across the 17 yearly changes before that (2007 to 2023), the average change was +6.9% and a typical year strayed about 5.5% from that (the standard deviation). This year's change was 2.0 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 17.9% in 2024 and the biggest yearly fall was 4.5% in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about US$1.76 million a year. A straight line explains 95% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about US$38.31 million for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was US$2.37 million, against US$4.54 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2024, Cayman Islands had the 25th highest value of the 28 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Cayman Islands in the 2024 ranking

• Bahamas, The — 21st of 28: US$81.5 million
• Kiribati — 22nd of 28: US$79.49 million
• Marshall Islands — 23rd of 28: US$56.82 million
• Bermuda — 25th of 28: US$16.38 million
• Curaçao — 26th of 28: US$9.93 million
• Palau — 27th of 28: US$8.78 million

What this measures

Agriculture, forestry, and fishing corresponds to ISIC (Rev. 4) divisions 01-03 and includes the exploitation of vegetal and animal natural resources, comprising the activities of growing of crops, raising and breeding of animals, harvesting of timber and other plants, animals or animal products from a farm or their natural habitats.Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Agricultural production often must be estimated indirectly, using a combination of methods involving estimates of inputs, yields, and area under cultivation. This approach sometimes leads to crude approximations that can differ from the true values over time and across crops for reasons other than climate conditions or farming techniques.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 19 values

Agriculture, forestry, and fishing, value added (current US$) in nearby economies

• Antigua and Barbuda — US$34.74 million (2025)
• Argentina — US$37.79 billion (2025)
• Aruba — US$1.48 million (2023)
• Bahamas, The — US$81.5 million (2024)
• Barbados — US$118.12 million (2024)
• Belize — US$254.62 million (2024)
• Bolivia — US$4.84 billion (2024)
• Brazil — US$138.76 billion (2025)
• Chile — US$12.34 billion (2025)

More economic policy & debt data for Cayman Islands

• Foreign direct investment, net inflows (BoP, current US$) — US$35.78 billion (2025)
• Adjusted savings, mineral depletion (current US$) — US$0 (2021)
• Foreign direct investment, net outflows (BoP, current US$) — US$25.25 billion (2025)
• Adjusted savings, carbon dioxide damage (current US$) — US$32.69 million (2021)
• Adjusted savings, energy depletion (current US$) — US$0 (2021)
• Foreign direct investment, net outflows (% of GDP) — -22.43% (2024)
• Foreign direct investment, net inflows (% of GDP) — 40.92% (2024)
• Agriculture, forestry, and fishing, value added (current LCU) — 29.29 million (2024)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Cayman Islands's agriculture, forestry, and fishing, value added (current US$)?

US$35.15 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is up 257.77% from US$9.82 million in 2006 (7.34% a year on average, compounded). The highest value was US$35.15 million in 2024 and the lowest US$9.82 million in 2006.

Source

World Bank, World Development Indicators, indicator NV.AGR.TOTL.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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