Tag: Economics and Statistics Office

Inflation continued to plague Cayman through COVID

Inflation continued to plague Cayman through COVID

| 08/04/2021 | 64 Comments

(CNS): According to the Economics and Statistics Office’s third quarter report, the gross domestic product fell by around 8.2% in the Cayman Islands but Caymanians were still facing inflationary pressure from price increases. Available indicators show that the challenges the Cayman Islands faced at the end of last year, nine months after COVID-19 arrived here […]

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Local unemployment passed 8% in late 2020

Local unemployment passed 8% in late 2020

| 07/04/2021 | 62 Comments

(CNS): The Economics and Statistics Office’s latest Labour Force Survey outlines the significant impact the COVID-19 health crisis had on unemployment last year, documenting a drop in the workforce from almost 50,000 people in the autumn of 2019 to just under 44,000 last October. Although they are six months old, the statistics provide the first […]

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Inflation falling but food prices increase

Inflation falling but food prices increase

| 17/12/2020 | 44 Comments

(CNS): The overall cost of living fell by 1.6% in the third quarter of 2020 compared to 2019, but that doesn’t mean Cayman Islands residents are seeing prices come down in general, despite the economic challenges of COVID-19. While costs have declined in some sectors, when it comes to food and telephone costs, shoppers are […]

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Population now around 65k, ESO estimates

Population now around 65k, ESO estimates

| 02/10/2020 | 67 Comments

(CNS): The Cayman Islands population stood at around 70,000 before the COVID-19 pandemic struck but with the associated departures it is now believed to be just under 65,000, the Economics and Statistics Office has said. Around 7,000 people left Cayman between March and August, according to immigration figures, but 2,000 returned to Cayman. The ESO […]

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Imports plunge during lockdown

Imports plunge during lockdown

| 01/10/2020 | 28 Comments

(CNS): The total value of imports slumped by more than 32% during the second quarter of this year when Cayman was under the COVID-19 pandemic lockdown. Despite the online shopping sprees during the stay-home order, buoyed by the pension payout during the last month of the quarter, all imports fell. Fuel imports declined in quantity […]

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ESO begins first post-COVID labour research

ESO begins first post-COVID labour research

| 07/09/2020 | 3 Comments

(CNS): Trained interviewers with the Economics and Statistics Office (ESO) will begin the Fall Labour Force Survey later this month, which will paint the first statistical survey of Cayman’s post COVID-19 job market and a population snapshot. With the 2020 national census cancelled because of the health crisis, this research will provide a reliable estimate […]

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2020 Census must wait for ‘normal’ year

2020 Census must wait for ‘normal’ year

| 27/08/2020 | 13 Comments

(CNS): The Economics and Statistics Office has said that the national census, which had been set to take place next month, has been postponed, confirming comments by the finance minister that were previously reported on CNS. Because of the impact of the COVID-19 pandemic on the Cayman Islands, the census, which usually takes place every […]

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Imports grew by 13.5% in 2019

Imports grew by 13.5% in 2019

| 05/08/2020 | 1 Comment

(CNS): The latest report from the Economics and Statistics Office shows that the total value of goods imported into the Cayman Islands last year was $1,183.3 million, an increase of 13.5% on figures for 2018. This is yet another statistic reflecting the booming economy before the COVID-19 health crisis struck. While fuel accounted for much […]

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Census postponed until 2021

Census postponed until 2021

| 04/08/2020 | 6 Comments

(CNS): Finance Minister Roy McTaggart confirmed Thursday night that the national census, which had been due to begin in October of this year, has been postponed. As last week’s session of Finance Committee was in its final stages, McTaggart said that the census, which is suppose to happen every ten years, would now begin in […]

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Tourism fuels 2019 economic boom

Tourism fuels 2019 economic boom

| 19/06/2020 | 15 Comments

(CNS): The Cayman Islands’ gross domestic product (GDP) is estimated to have grown by 3.4% in the first nine months of 2019, according to a report from the Economics and Statistics office released this week. Based on data collected between January and October, well before the COVID-19 pandemic shattered Cayman’s economic fortunes, the report showed […]

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Population had grown to nearly 70,000

Population had grown to nearly 70,000

| 19/06/2020 | 60 Comments

(CNS): Cayman’s unemployment rate increased in October last year, even when the population and workforce were both at an all-time high, according to the 2019 Fall Labour Force Survey (LFS). The report, undertaken before the COVID-19 pandemic changed everything, reveals that the population was just short of 70,000 and the workforce had reached almost 50,000. […]

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