Home Topics Economics and Statistics Office
Topic: Economics and Statistics Office
Government launched the official 2021 census at the District Administration Building in Cayman Brac on Friday, 21 May.
Cayman’s economy entered the difficult period of the COVID-19 pandemic and related lockdown measures this year with a 1.9% first-quarter increase of its gross domestic product in real terms.
The Economics and Statistics Office reported that Cayman’s economic performance in 2019 was one of the strongest in recent years, generating an estimated gross domestic product of 3.2%.
Cayman's population as of June fallen to an estimated 64,958, down from 69,914 at the end of 2019.
Consumer prices increased by 1% in the second quarter of the year compared to the same period in 2019, as higher food and drinks prices were mostly offset by lower fuel and transportation costs.
The Economics and Statistics Office will conduct its Fall Labour Force Survey from Sunday, 27 Sept.
Cayman's 2020 Population and Housing Census has been postponed to October 2021, the Economics and Statistics Office announced Wednesday.
The Economics and Statistics Office has this week released its COVID-19 Economic Impact Assessment and Stimulus Plan that is informing government policy on tackling the economic fallout from the pandemic. Finance Minister Roy McTaggart outlined the key findings of the report at the end of May, stating that the economy might contract by 12.2%, with nearly 10,000 jobs lost, including almost 3,000 Caymanian employees.
The Economics and Statistics Office is carrying out its annual economic performance surveys.
The Cayman Islands economy expanded 3.3% last year, after 3% growth in 2017. Record numbers of stayover and cruise tourists and a construction boom propelled the economy.
Caymanians on average earn significantly more than expatriates and men earn more than women, a new survey by the Economics and Statistics Office shows.
What, if anything can be done? The answers, while imperfect, remain largely unchanged.
Although the inflation rate to dropped to 1.7% in the fourth quarter of 2018 compared to the same period in 2017, general price increases of 4.8% in the second and 3.5% in the third quarter meant that inflation kept pace with the forecast economic growth for the year.
The Economics and Statistics Office will commence its annual business survey for measuring economic performance on Monday, April 8.
Cayman’s economy may be bigger than economists originally thought.
Cayman’s economy grew at an annualized rate of 3.6 percent through the first nine months of 2018, and the annualized inflation rate decreased slightly to 3.8 percent, according to a report released this week by the Economics and Statistics Office.
The average price of goods and services in Cayman increased by 3.5 percent in the third quarter of 2018 over Q3 of 2017, according to recently released data from the Economics and Statistics Office.
Cayman’s economy grew at an annualized rate of 3.7 percent in the first half of 2018, setting new highs in employment and inflation in the process.
The Economics and Statistics Office has started working on the 2020 census, government announced on Friday.
The Fall Labour Force Survey, conducted by the Economics and Statistics Office to help determine information on Cayman’s employment rate, will begin on Sunday, Sept. 30.
Unemployment in the Cayman Islands has dropped to levels last seen before the financial crisis.
The Cayman Islands government has a lot more money in the bank than it thought it would by June 30.
Cayman Islands central government revenues have risen by 44 percent in the past 10 years, according to budget records produced by the public sector’s Economics and Statistics Office.
Cayman’s inflation rate hit 3.2 percent in the first quarter of this year, compared to prices from the first quarter of 2017, according to a recently released report from the Economics and Statistics Office.
Staff from the Economics and Statistics Office will be in various communities across all districts this week collecting basic housing information to update the ESO’s household register.
Cayman’s overall unemployment rate increased nearly a full percentage point between fall 2016 and fall 2017, government statistics released last Thursday revealed.
There are nearly 8,000 more people living in the Cayman Islands than there were five years ago, according to government labor statistics released last week.
The Economics and Statistics Office is conducing two surveys – its spring labor force survey and the mandatory business survey.
Average prices in the Cayman Islands went up by 1.9 percent last year, according to the consumer price index for 2017. The latest CPI report by the Economics and Statistics Office shows that prices increased in all four quarters ranging from 1.4 percent to 2.8 percent.
The Cayman economy grew at a rate of 2.4 percent in the first nine months of last year.
The total number of employed people in the Cayman Islands hit another new high as the local economy continued to grow through the first half of 2017.
The average price of goods and services in Cayman increased by 1.4 percent in the third quarter of this year over Q3 of 2016, according to recently released data from the Economics and Statistics Office.
Surveyors collecting data on employment and wage details will begin visiting homes this week.
The Cayman Islands Small Business Association organized an expo featuring 20 vendors and several government departments at the Sir Vassel Johnson Hall in the University College of the Cayman Islands on Oct. 21.
Government is launching a survey that will require all employers in the territory to provide information about the people they employ, including their qualifications, nationality, compensation, skills, and workload.
It is said that numbers don’t lie, but they certainly can equivocate. We were reminded of that last week by two stories that appeared in the Compass, one about the George Town Landfill and one about unemployment figures.
Cayman Islands residents, businesses and tourists added more than 100,000 tons of waste to the George Town Landfill in 2016, according to data compiled by the Economics and Statistics Office.
Cayman’s gross domestic product grew by 2 percent in the first quarter of this year compared to the same period in 2016. The construction sector, wholesale and retail trade and utilities contributed most to the growth.
Fewer Caymanians were jobless during the first half of this year, according to the government’s Economics and Statistics Office Labour Force Survey for spring 2017.
The Economics and Statistics Office will begin its fall Labour Force Survey on Sunday, Oct. 1. The survey seeks to collect data on the employed and unemployed individuals in the Cayman Islands, as well as those who are not in the labor force, a press release states.
The number of Class B banks registered in the Cayman Islands fell from 172 in 2015 to 148 last year, the largest decline since 2004, according to the Economics and Statistics Office’s 2016 annual economic report.
Employment and total population in the Cayman Islands hit record highs in 2016, with 40,411 people working and 61,361 people residing here at year’s end, according to figures from the Economics and Statistics Office’s labor force surveys and its 2016 annual report.
The average cost of goods and services in Cayman has increased by 1.7 percent in the first quarter of this year, the fastest rate in three years. The main drivers of inflation in the consumer price index were the restaurant and hotels category.
The Economics and Statistics Office is starting to conduct its annual business surveys. The exercise will begin on March 27, when the survey form will be hand-delivered, mailed or emailed to all entities that produce goods and services in the Cayman Islands.
Interviewers from the Economics and Statistics Office will be visiting households throughout the Cayman Islands over the next month, beginning Sunday, March 5, as part of a labor force survey. The survey seeks to collect data on employed and unemployed people.
Rent in Cayman is higher this year, and so are school fees. The cost of hotels, restaurants, recreational activities and phone service all went up.
The Cayman Islands has experienced five consecutive years of economic growth. That’s cause for early Christmas cheer (no mug of eggnog required).
The Cayman Islands hit a milestone of five consecutive years of growth, government economists announced Friday, with the gross domestic product reaching $2.8 billion in 2015.
Students at West Bay’s Wesleyan Christian Academy recently had the opportunity to experience statistics in action.
The Economics and Statistics Office provides a wealth of information on the Cayman Islands and recently issued some new reports that are worth discussing, in particular within the context of the real estate industry.
Interviewers with the government’s Economics and Statistics Office are set to begin a new survey on employment in the Cayman Islands on Sunday. ESO workers plan to visit 1,401 randomly selected households across the islands over the next four weeks.
Consumer prices in the Cayman Islands have fallen for the past 18 months. The Consumer Price Index, which measures prices changes for a select basket of goods and services, dropped 0.8 percent in the second quarter compared to the same period in 2015.
The Cayman Islands government reported an overall unemployment rate of 3.9 percent during the spring, according to figures released Wednesday by the government Economics and Statistics Office.
Led by construction, real estate and financial services, Cayman’s economy grew in the first quarter of this year, according to a report released recently by the government Economics and Statistics Office.
From Aug. 27, election workers will begin knocking on doors across the Cayman Islands to register new voters and verify existing registrations.
Cayman Islands government agencies collect all sorts of data every day, publishing much of it across more than a dozen websites.
The financial services sector in Cayman saw mixed results in 2015, according to data from the Cayman Islands Monetary Authority and government’s annual economic report for the last year.
Members of the committee that is leading work to create the Cayman Islands’ first National Cultural and Heritage Policy and Plan.
A recent precipitous drop in the Cayman Islands unemployment rate is not expected to continue this year, according to government’s own estimates.
The consumer price index continued to fall for the first quarter of 2016, according to the most recent economic measures from the Economics and Statistics Office.
Cayman imported more cars and more gasoline to fuel them in 2015 amid sharp declines in oil prices, according to a new report from the Economics and Statistics Office.
In government’s expanding efforts to collect more detailed economic data, this year’s business surveys will ask for more specific expense data from across Cayman’s industries.
The Cayman economy grew an estimated 1.6 percent in the first three quarters of 2015, down from 2.4 percent for the same period in 2014, according to a new report from the Economics and Statistics Office.
Cayman’s overall population has increased despite a 12 percent decline in the number of permanent residents on the islands between fall 2014 and fall 2015.