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Cayman Islands: services sector share of GDP 2006-2018

In 2018, the services industry in the Cayman Islands contributed with over 86 percent of the value added to the country's gross domestic product (GDP). In the 2006-2018 period, this share has remained relatively stable, though it peaked in 2010 at 87.6%.

The services industry comprises wholesale and retail trade (including hotels and restaurants), transportation, governmental, financial, professional and personal services such as: education, health care, and real estate. The added value is calculated by subtracting the cost of intermediate goods and services from the sector's total GDP.

Share of value added by the services industry to gross domestic product (GDP) in the Cayman Islands from 2006 to 2018

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Sources

Release date

April 2021

Region

Central and South America, United Kingdom (Great Britain)

Survey time period

2006 to 2018

Supplementary notes

Data represents the share of value added by wholesale and retail trade (including hotels and restaurants), transportation, governmental, financial, professional and personal services such as: education, health care, and real estate. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling.
Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources.

The source does not provide a date of release, the date given is the one of last access.
Figures have been rounded.

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