Cayman Islands: Industry, including construction, value added (current LCU)

Key figures

What the numbers say

In 2024, Cayman Islands' industry, including construction, value added (current LCU) rose 6.6% on 2023 (from 463.83 million to 494.47 million).

Across the 17 yearly changes before that (2007 to 2023), the average change was +2.1% and a typical year strayed about 8% from that (the standard deviation). This year's change was 0.6 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 11.7% in 2019 and the biggest yearly fall was 18.8% 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 24.53 million a year. A straight line explains 99% 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 554.53 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 26.3 million, against 44.47 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 31 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

• Monaco — 21st of 31: 1.32 billion
• Belize — 22nd of 31: 933.63 million
• Curaçao — 23rd of 31: 776.82 million
• Bermuda — 25th of 31: 450.16 million
• Tonga — 26th of 31: 271.66 million
• Timor-Leste — 27th of 31: 220.54 million

What this measures

Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. 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 series is expressed in local currency units.

All 19 values

Industry, including construction, value added (current LCU) in nearby economies

• Antigua and Barbuda — 1.15 billion (2025)
• Argentina — 193.89 trillion (2025)
• Aruba — 726.83 million (2023)
• Bahamas, The — 1.52 billion (2024)
• Barbados — 1.85 billion (2024)
• Belize — 933.63 million (2024)
• Bolivia — 118.54 billion (2024)
• Brazil — 2.57 trillion (2025)
• Chile — 106.83 trillion (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$0 (2021)
• Foreign direct investment, net outflows (% of GDP) — -22.43% (2024)
• Foreign direct investment, net inflows (% of GDP) — 40.92% (2024)
• Agriculture, forestry, and fishing, value added (current US$) — US$35.15 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 industry, including construction, value added (current LCU)?

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

How has it changed since 2006?

It is up 43.73% from 344.02 million in 2006 (2.04% a year on average, compounded). The highest value was 494.47 million in 2024 and the lowest 237.67 million in 2011.

Source

World Bank, World Development Indicators, indicator NV.IND.TOTL.CN, 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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