Tag: Economics & Statistics Office
Local economy grew steadily through 2015
(CNS): The Cayman Islands economy grew steadily last year and government officials are now on course to meet growth predictions for the calendar year, according to the Third Quarter Economic Report 2015 from the Economics and Statistics Office. The report found that overall economic activity in Cayman grew by an estimated 1.6% in the first nine months of 2015 and that […]
Local unemployment falls to 6.2%
(CNS): The latest Labour Force Survey suggests that the unemployment rate fell to 6.2% among Caymanians, down from the spring high of over 8% and 7.9% in the autumn of 2014. The overall unemployment rate in the Cayman Islands, which includes expatriates, permanent residents and other non-Caymanians as well as local workers, declined to 4.2%, […]
Economic growth down on predictions
(CNS): The Cayman Islands economy grew by 1.6% in the first half of 2015, which was not only down on the rate of growth for the first half of last year at 2.2%, it is also down on the predictions of more than 2% growth made by the finance minister in his budget address for this […]
Minister urges public participation to improve data
(CNS): The minister of finance and economic development stressed the importance of accurate statistics on Tuesday as he urged the community to actively contribute to the improvement of official figures in the Cayman Islands. Marco Archer said official statistics are public goods and while better data requires resources, his ministry was working on more ways to […]
Unemployment rate up almost 1%
(CNS): The local unemployment rate climbed up to 5.6% this spring, the government’s statistic office has confirmed in its latest labour force survey. The figure is almost a full percentage point higher than the official figure for the autumn of 2014, when the rate was 4.7%. The near 1% increase over six months saw another 389 people […]
Economics look promising for CIG
(CNS): Officials from the Ministry of Finance and Economic Development have revealed statistics that bode well for government finances and the domestic economy. Growth in the local economy was estimated to be 1.4% in the first quarter of this financial year and inflation fell by more than 3.5% as a result of a drop in fuel […]
Cayman dodging dentist, data shows
(CNS): While dentists recommend that we should all be making at least two visits a year to their surgeries, the latest statistics on health related issues in the Cayman Island demonstrate that half of the population did not visit a local dentist at all last year. There were 29,489 visits made to dental clinics, according […]
Cayman by numbers: population grows nearly 6%
(CNS): The Cayman Islands population has grown by over 5.8%, from 55,036 people in 2010 when the last national census was conducted to 58,238 at the end of last year. The split between Caymanians and overseas residents has remained relatively stable over these five years, but with a fall in the local population by just over 0.5% […]
Local jobless rate falls below 8%
(CNS): The latest figures from the Economics and Statistics Office (ESO) have revealed that the official national unemployment rate fell to 4.7 per cent at the end of 2014. The unemployment rate among Caymanians was estimated to be at 7.9 per cent from a high of 9.4 per cent recorded in 2013. As the debate […]
Failure to complete surveys on time to be an offence
(CNS): The Ministry of Finance and Economic Development is proposing to give more legal teeth to the Economics & Statistics Office (ESO) in the collection of data via surveys and to make it an offense to fail to return a survey form within the given timeframe or to knowingly provide false information. Announcing the start of a public consultation process on proposed changes to […]
People urged to cooperate with budget survey
(CNS): The Economics & Statistics Office (ESO) will begin conducting the year-long Household Budget Survey on Sunday and all the households which will be randomly selected are being urged to cooperate with the interviewers. Finance Minister Marco Archer explained the importance of the survey for a number of reasons, as he encourage those selected to […]
