Cayman Islands: Imports of goods and services (% of GDP)
In , Cayman Islands's Imports of goods and services (% of GDP) was 45.84.
That's up 1.0% from 2019, the highest value on record.
The global average for this indicator in 2020 was 47.94 .
Source: World Bank Open Data (NE.IMP.GNFS.ZS) • Data as of 2020
Trend (2017–2020)
- 2020 · COVID-19 pandemic
Highlights
- Peak
- 45.84
- Trough
- 43.41
- 1-year change
- +1.0%
Historical Data — Last 10 Years
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 45.8392 | |
| 45.3675 | |
| 45.5293 | |
| 43.4148 |
About Imports of goods and services (% of GDP)
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.IMP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Cayman Islands's Imports of goods and services (% of GDP) in 2020?
- In 2020, Cayman Islands's Imports of goods and services (% of GDP) was 45.84, according to World Bank Open Data.
- Is Cayman Islands's Imports of goods and services (% of GDP) rising or falling?
- Cayman Islands's Imports of goods and services (% of GDP) rose 1.0% from 2019 to 2020.
- How does Cayman Islands's Imports of goods and services (% of GDP) compare to the world average?
- The global average for Imports of goods and services (% of GDP) in 2020 was 47.94, so Cayman Islands is below the world average.
- What is Imports of goods and services (% of GDP) and how is it measured?
- Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.IMP.GNFS.ZS), CC BY 4.0.