Cayman Islands: Merchandise trade (% of GDP)
In , Cayman Islands's Merchandise trade (% of GDP) was 26.06.
That's down 5.4% from 2022, the highest value since .
The global average for this indicator in 2023 was 64.89 .
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS) • Data as of 2023
Trend (2006–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 27.54
- Trough
- 21.55
- 1-year change
- -5.4%
- 5-year change
- +11.5%
- +2.2% / yr
- 10-year change
- +11.4%
- +1.1% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 26.0591 | |
| 27.5369 | |
| 25.6236 | |
| 24.0303 | |
| 24.8742 | |
| 23.3627 | |
| 22.0081 | |
| 22.0193 | |
| 22.3229 | |
| 23.4722 |
About Merchandise trade (% of GDP)
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. 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: TG.VAL.TOTL.GD.ZS • Category: Trade & Finance
Frequently asked questions
- What was Cayman Islands's Merchandise trade (% of GDP) in 2023?
- In 2023, Cayman Islands's Merchandise trade (% of GDP) was 26.06, according to World Bank Open Data.
- Is Cayman Islands's Merchandise trade (% of GDP) rising or falling?
- Cayman Islands's Merchandise trade (% of GDP) fell 5.4% from 2022 to 2023.
- How does Cayman Islands's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2023 was 64.89, so Cayman Islands is below the world average.
- What is Merchandise trade (% of GDP) and how is it measured?
- General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. 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 (TG.VAL.TOTL.GD.ZS), CC BY 4.0.