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Topic: Economics and Statistics Office

Census 2021 launches in Brac with education, publicity campaign

Government launched the official 2021 census at the District Administration Building in Cayman Brac on Friday, 21 May.

Economy grew by 1.9% in the first quarter 2020

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.

Retail and construction drove economic growth in 2019

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%.

ESO: Cayman’s population drops to under 65,000

Cayman's population as of June fallen to an estimated 64,958, down from 69,914 at the end of 2019.

Consumer prices up 1% in the second quarter

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.

ESO starts new labour force survey later this month

The Economics and Statistics Office will conduct its Fall Labour Force Survey from Sunday, 27 Sept.

National census postponed to 2021

Cayman's 2020 Population and Housing Census has been postponed to October 2021, the Economics and Statistics Office announced Wednesday.

Inside the ESO’s economic assessment and stimulus plan

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.

Statistics office carries out annual business surveys

The Economics and Statistics Office is carrying out its annual economic performance surveys.

Cayman’s economy grew 3.3% in 2018

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.

Wage survey shows Caymanians earn more than expat workers

Caymanians on average earn significantly more than expatriates and men earn more than women, a new survey by the Economics and Statistics Office shows.

EDITORIAL – Seek solutions as cost of living continues to rise

What, if anything can be done? The answers, while imperfect, remain largely unchanged.

Food prices rise as inflation reaches 3.3%

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.

Economic survey to launch Monday

The Economics and Statistics Office will commence its annual business survey for measuring economic performance on Monday, April 8.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

New report paints rosier picture of economy

Cayman’s economy may be bigger than economists originally thought.
An aerial view of the business area of downtown George Town, Grand Cayman

Economy grew 3.6 percent in first three quarters of 2018

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.
An aerial view of the business area of downtown George Town, Grand Cayman

Prices of goods and services continued to increase in Q3

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.
An aerial view of the business area of downtown George Town, Grand Cayman

Cayman economy continued growth in 2018, set new employment high

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.

Work begins for 2020 census

The Economics and Statistics Office has started working on the 2020 census, government announced on Friday.

Labour Force Survey begins this weekend

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.
An aerial view of the business area of downtown George Town, Grand Cayman

Unemployment rate drops to pre-financial crisis level

Unemployment in the Cayman Islands has dropped to levels last seen before the financial crisis.

Half-year budget surplus reported at $201 million

The Cayman Islands government has a lot more money in the bank than it thought it would by June 30.

Central government revenues up 44% in decade

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.
An aerial view of the business area of downtown George Town, Grand Cayman

Inflation picks up during first quarter

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.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

ESO conducts field work to update household register

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.
An aerial view of the business area of downtown George Town, Grand Cayman

Unemployment rate creeps up during 2017

Cayman’s overall unemployment rate increased nearly a full percentage point between fall 2016 and fall 2017, government statistics released last Thursday revealed.

Cayman population grows 14 percent in 5 years

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.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Economics and Statistics Office conducting labor and business surveys

The Economics and Statistics Office is conducing two surveys – its spring labor force survey and the mandatory business survey.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Consumer prices increased by 1.9 percent from 2016 to 2017

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.
An aerial view of the business area of downtown George Town, Grand Cayman

Solid economic expansion in 2017

The Cayman economy grew at a rate of 2.4 percent in the first nine months of last year.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Employment in Cayman hits record high

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.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Prices continue to increase in Q3

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.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Wage surveyors to begin visiting homes

Surveyors collecting data on employment and wage details will begin visiting homes this week.

Small Business Association hosts expo

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.
An aerial view of the business area of downtown George Town, Grand Cayman

Mandatory survey seeks information on wages

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.

EDITORIAL – The difference between statistics and the truth

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.

100,000 tons of waste added to landfill in 2016

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.

Economy shows signs of broad-based growth in first quarter

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.
An aerial view of the business area of downtown George Town, Grand Cayman

Unemployment rate stabilizes at 4.1 percent

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.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Labour Force Survey begins Sunday

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.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Report: Banking sector slide continued in 2016

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.

Cayman’s population reached record high in 2016

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.

Consumer prices rise 1.7 percent in first quarter

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.

Surveys set on Cayman’s economic performance

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.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Labor force survey begins on March 5

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.

Consumer prices increase for first time since 2014

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.

EDITORIAL – A Christmas toast to Cayman’s strong economy

The Cayman Islands has experienced five consecutive years of economic growth. That’s cause for early Christmas cheer (no mug of eggnog required).

Economic growth continues for 5th consecutive year

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 experience statistics in action

Students at West Bay’s Wesleyan Christian Academy recently had the opportunity to experience statistics in action.

Bovell: Population growth good for our islands

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.

Door-to-door employment survey to begin

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.

Deflation continues: Prices down 0.8 percent in 2nd quarter

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.

Minister: Unemployment lowest since 2007

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.

Cayman’s economy grew 2.4% in Q1

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.

Election registration count begins this month

From Aug. 27, election workers will begin knocking on doors across the Cayman Islands to register new voters and verify existing registrations.

In Cayman, 9% don’t have A/C, and other facts at a glance

Cayman Islands government agencies collect all sorts of data every day, publishing much of it across more than a dozen websites.

Financial services industry sees mixed results in 2015

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.

Business in brief: Workshop held on culture/heritage policy

Members of the committee that is leading work to create the Cayman Islands’ first National Cultural and Heritage Policy and Plan.
Cayman’s overall unemployment rate fell in spring 2015 to 4.2 percent.

Government anticipates rise in unemployment

A recent precipitous drop in the Cayman Islands unemployment rate is not expected to continue this year, according to government’s own estimates.

Report: Deflation continues for fifth straight quarter

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.

With lower oil prices, Cayman imports more gas, cars

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.

Government’s business surveys start April 4

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.

Cayman’s economic growth slows

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 permanent resident population drops 12 percent

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.

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