Topic: Economics and Statistics Office
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.
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.
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.
