Tag: Economics and Statistics Office
Imports plunge during lockdown
(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 […]
ESO begins first post-COVID labour research
(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 […]
2020 Census must wait for ‘normal’ year
(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 […]
Imports grew by 13.5% in 2019
(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 […]
Census postponed until 2021
(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 […]
Tourism fuels 2019 economic boom
(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 […]
Population had grown to nearly 70,000
(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. […]
ESO begins annual business surveys
(CNS): The Economics and Statistics Office has begun its annual surveys for the System of National Accounts (SNA) and the Balance of Payments (BOP) covering 2019. The data collected is intended to help shape government policy and set out the country’s economic position, but given the COVID-19 pandemic and the economic crash, what happened in […]
Local economy could contract by over 12%
(CNS): The Cayman Islands’ economy could contract by as much as 12.2% this year, according to Finance and Economic Development Minister Roy McTaggart. The gloomy forecast for the country’s short-term economic fortunes was not unexpected, but with the reality of a 19% unemployment rate, government will now need to create public sector jobs and fund […]
Employment survey begins in March
(CNS): The Economics and Statistics Office (ESO) will begin its Spring Labour Force Survey (LFS) next month to collect data on people in the Cayman Islands who are employed, those looking for work, as well as those who are not in the workforce. Beginning on Sunday, 8 March, trained interviewers will visit 1,500 randomly selected […]
Local jobless rate at 4.8%
(CNS) UPDATED: According to the 2019 Spring Labour Force Survey, compiled by the Economics and Statistics Office, the Cayman Islands’ overall unemployment rate increased from 2.8% in the Autumn 2018 report to 3%. However, this is an improvement on the Spring of 2018. Reading from the latest survey, Finance Minister Roy McTaggart revealed that the […]
