Cayman Islands: Import volume index (2015 = 100)

Key figures

What the numbers say

In 2024, Cayman Islands' import volume index (2015 = 100) rose 11.6 on 2023 (from 159.1 to 170.7).

Across the 18 yearly changes before that (2006 to 2023), the average change was +0.31 and a typical year strayed about 9.48 from that (the standard deviation). This year's change was 1.2 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 17.1 in 2016 and the biggest yearly fall was 15.8 in 2010. 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 7.17 a year. A straight line explains 97% 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 186.58 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 10.54, against 17.67 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 21st highest value of the 203 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

• Serbia — 18th of 203: 185.8
• Slovenia — 19th of 203: 183.2
• Antigua and Barbuda — 20th of 203: 175.3
• Georgia — 22nd of 203: 168.5
• Malaysia — 23rd of 203: 166.4
• Cambodia — 24th of 203: 164.8

What this measures

Import volume indexes are derived from UNCTAD's volume index series and are the ratio of the import value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year's trade values at the Standard International Trade Classification three-digit level as weights.

All 20 values

Import volume index (2015 = 100) in nearby economies

• Antigua and Barbuda — 175.3 (2024)
• Argentina — 93.1 (2024)
• Aruba — 91.3 (2024)
• Bahamas, The — 114.7 (2024)
• Barbados — 104 (2024)
• Belize — 112.1 (2024)
• Bolivia — 62.3 (2024)
• Brazil — 143.8 (2024)
• British Virgin Islands — 97.3 (2024)
• Chile — 120.8 (2024)
• Colombia — 117.8 (2024)

More trade data for Cayman Islands

• Import value index (2015 = 100) — 228.6 (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
• 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 import volume index (2015 = 100)?

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

How has it changed since 2005?

It is up 11.13% from 153.6 in 2005 (0.56% a year on average, compounded). The highest value was 170.7 in 2024 and the lowest 91.5 in 2013.

How does Cayman Islands rank?

21st highest of 203 economies with data for 2024.

Source

World Bank, World Development Indicators, indicator TM.QTY.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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