Economic survey kicks off

Cayman’s annual collection of economic data mainly from businesses began on 14 March.

The Economics and Statistics Office will conduct the Balance of Payments and System of National Accounts surveys over two months.

The surveys target businesses, nonprofit organisations and government entities.

Devised with help from the Caribbean Technical Assistance Centre, the surveys are aimed at meeting the demands of Cayman’s businesses for accurate statistics reflecting the true nature of the local business climate, ESO said in a news release.

From 7-10 March, ESO staff distributed nearly 5,000 questionnaires to organisations that then have until 13 May to return them.

Survey Coordinator Julietta Beaupierre said the questionnaires can be returned either by post or by hand to the ESO office on the third floor in Elizabethan Square, or electronically by those who downloaded a questionnaire here.

Participation in the surveys is mandated in the Statistics Law, which also prohibits communication or publication of information that might identify a business or an individual.

“ESO will use the data gathered only as aggregate statistics,” ESO Director Maria Zingapan said.