Tag: Economics and Statistics Office
Population edges towards 66,000
(CNS): The official population count at the end of 2018 was 65,813, an increase of 3.8%, according to official statistics published this week by the Economics and Statistics Office. The 2018 Compendium of Statistics paints a picture of Cayman by numbers that shows a growing economy and the largest work force in Cayman’s history. But […]
High rents help fuel inflation trouble
(CNS): The local inflation rate showed no sign of slowing down at the start of this year after a near 20% increase in residential rents in the twelve months between March last year and this led to an increase of 4.5% in the cost of living. Inflation has proved to be a thorn in the […]
Wage survey reveals equality gaps
(CNS): Almost 65% of the Cayman Islands’ workforce earned less than the average salary in 2017 and early 2018, according to a newly released pay survey by the Economics and Statistics Office. The first-ever occupational wage survey in the Cayman Islands has revealed a number of discrepancies in various different groups and some significant equality […]
Local jobless rate falls to 4.6%
(CNS): The latest Labour Force Survey indicates that the unemployment rate among Caymanian workers has fallen to a new low of 4.6%, or 996 people. According to the Economics and Statistics Office, the overall jobless rate was down to just 2.8% in the autumn of 2018, the lowest for the Cayman Islands since 2006, when […]
ESO begins work to gather annual statistics
(CNS): The Economics and Statistics Office will begin its annual business surveys to measure the country’s economic performance in 2018 next week. The ESO needs data for the System of National Accounts (SNA), which estimates the total value of goods and services produced by the different industries in the Cayman Islands, and for the Balance […]
Premier predicts further fall in unemployment
(CNS): Premier Alden McLaughlin has said that when the fall 2018 Labour Force Survey results are released by the Economics and Statistics Office, it will show that unemployment has dropped to its lowest rate in more than decade. He said the overall rate is expected to be just 2.9%, and among Caymanians it will have […]
Economy grew 3.7% in first half of 2018
(CNS): The Economics and Statistics Office has published the half-year report for the first six months of last year, which confirms that the Cayman Islands economy was heating up during the period, with gross domestic product estimated to have grown by 3.7%. All major sectors grew, fuelled by a strong increase in visitors and financial services […]
Inflation undermining economic success
(CNS): The good news that government has been promoting over the last few years, that the economy is growing and the public is benefiting from this improvement in the Cayman Islands’ domestic fortunes, is now being challenged by persistent levels of inflation, which is eating away at the limited disposal income of many people. In […]
Local economy heating up with 4% growth
(CNS): The local economy is growing much faster than predicted, and while this is good news for business and government coffers, the increased economic activity across all major sectors is fuelling inflation. Gross domestic product was up 4% in the first quarter of 2018, and consumer demand led to the highest second quarter growth in imports since 2005 […]
ESO begins preparations for 2020 Census
(CNS): The Economics and Statistics Office has begun its preparations for the next Cayman Islands census, which will be taken in 2020. Cabinet recently approved the planning process for the Cayman Islands’ 2020 Census of Population and Housing, and the Census Advisory Committee met for the first time on Wednesday, exactly two years before Census […]
ESO begins work on employment survey
(CNS): Around 1,500 randomly selected households will be visited by trained interviewers from the Economics and Statistics Office throughout October as the autumn Labour Force Survey (LFS) gets underway on Sunday, 30 September. The twice-yearly survey collects data from residents in the Cayman Islands, both local and foreign, who are employed, unemployed but looking for work, as well as […]
