Cayman Islands: Import value index (2015 = 100)

Key figures

What the numbers say

In 2024, Cayman Islands' import value index (2015 = 100) rose 18.3 on 2023 (from 210.3 to 228.6).

Across the 18 yearly changes before that (2006 to 2023), the average change was +3.8 and a typical year strayed about 13.41 from that (the standard deviation). This year's change was 1.1 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 26.1 in 2022 and the biggest yearly fall was 30 in 2009. 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 13.93 a year. A straight line explains 98% 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.

How it compares

In 2024, Cayman Islands had the 20th highest value of the 204 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

• Brunei Darussalam — 17th of 204: 232
• Viet Nam — 18th of 204: 229.8
• Georgia — 19th of 204: 229.7
• Moldova — 21st of 204: 227.4
• Serbia — 22nd of 204: 225.7
• Croatia — 23rd of 204: 223

What this measures

Import value indexes are the current value of imports (c.i.f.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2015). UNCTAD's import value indexes are reported for most economies.

All 20 values

Import value index (2015 = 100) in nearby economies

• Antigua and Barbuda — 210.2 (2024)
• Argentina — 100.9 (2024)
• Aruba — 119.7 (2024)
• Bahamas, The — 162 (2024)
• Barbados — 132.5 (2024)
• Belize — 144.3 (2024)
• Bolivia — 101.4 (2024)
• Brazil — 154 (2024)
• British Virgin Islands — 137.8 (2024)
• Chile — 135.1 (2024)
• Colombia — 118.6 (2024)

More trade data for Cayman Islands

• Import volume index (2015 = 100) — 170.7 (2024)
• Net barter terms of trade index (2015 = 100) — 81.6 (2024)
• Export volume index (2015 = 100) — 83.3 (2024)
• Export value index (2015 = 100) — 91 (2024)

Every indicator for Cayman Islands is on the Cayman Islands data page.

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Cayman Islands's import value index (2015 = 100)?

228.6 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 61.1% from 141.9 in 2005 (2.54% a year on average, compounded). The highest value was 228.6 in 2024 and the lowest 96.2 in 2013.

How does Cayman Islands rank?

20th highest of 204 economies with data for 2024.

Is the latest change in import value index (2015 = 100) unusual for Cayman Islands?

In 2024, Cayman Islands' import value index (2015 = 100) rose 18.3 on 2023 (from 210.3 to 228.6). Across the 18 yearly changes before that (2006 to 2023), the average change was +3.8 and a typical year strayed about 13.41 from that (the standard deviation). This year's change was 1.1 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator TM.VAL.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) 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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