Cayman Islands's net secondary income (net current transfers from abroad) (current US$) was −US$455.88 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 25.02% from −US$364.65 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$455.88 million | 2024 |
| Five years earlier | −US$571.23 million | 2019 |
| Ten years earlier | −US$364.65 million | 2014 |
| Highest | −US$126.51 million | 2023 |
| Lowest | −US$746.96 million | 2017 |
| Average since 2015 | −US$478.49 million | 2015–2024 |
| First recorded | −US$172.68 million |
What the numbers say
In 2024, Cayman Islands' net secondary income (net current transfers from abroad) (current US$) fell US$329.37 million on 2023 (from −US$126.51 million to −US$455.88 million).
Across the 13 yearly changes before that (2011 to 2023), the average change was +US$3.55 million and a typical year strayed about US$204.35 million from that (the standard deviation). This year's change was 1.6 standard deviations below 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 US$477.89 million in 2022 and the biggest yearly fall was US$329.37 million in 2024. 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 there is no clear straight-line trend: a straight line explains 6% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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 38th highest value of the 54 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
- Iceland — 35th of 54: −US$383.05 million
- Slovak Republic — 36th of 54: −US$387.92 million
- Slovenia — 37th of 54: −US$424.32 million
- Luxembourg — 39th of 54: −US$636.12 million
- New Zealand — 40th of 54: −US$754.1 million
- Hungary — 41st of 54: −US$1.44 billion
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 15 values
| Year | Net secondary income (net current transfers from abroad) (current US$) |
|---|---|
| 2024 | -455,880,833 |
| 2023 | -126,508,518 |
| 2022 | -255,513,823 |
| 2021 | -733,403,223 |
| 2020 | -474,893,180 |
| 2019 | -571,230,005 |
| 2018 | -699,151,477 |
| 2017 | -746,956,668 |
| 2016 | -478,183,673 |
| 2015 | -243,166,693 |
Net secondary income (net current transfers from abroad) (current US$) in nearby economies
- Antigua and Barbuda — −US$105.78 million (2025)
- Argentina — US$2.19 billion (2025)
- Aruba — −US$79.9 million (2024)
- Bahamas, The — −US$29.9 million (2024)
- Barbados — US$90.5 million (2025)
- Belize — US$149.91 million (2025)
- Bolivia — US$1.19 billion (2025)
- Brazil — US$5.22 billion (2025)
- Chile
More economic policy & debt data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$) — 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$35.15 million (2024)
Reading data like this
Questions people ask
- What is Cayman Islands's net secondary income (net current transfers from abroad) (current US$)?
- −US$455.88 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is down 164% from −US$172.68 million in 2010. The highest value was −US$126.51 million in 2023 and the lowest −US$746.96 million in 2017.
- How does Cayman Islands rank?
- 38th highest of 54 economies with data for 2024.
- Is the latest change in net secondary income (net current transfers from abroad) (current US$) unusual for Cayman Islands?
Source
World Bank, World Development Indicators, indicator NY.TRF.NCTR.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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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