Government Budget in Cayman Islands decreased to 2.50 percent of GDP in 2019 from 3.40 percent of GDP in 2018. source: Cayman Islands - The Economics & Statistics Office

Government Budget in Cayman Islands averaged 0.19 percent of GDP from 2004 until 2019, reaching an all time high of 5 percent of GDP in 2015 and a record low of -8.10 percent of GDP in 2009. This page provides - Cayman Islands Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cayman Islands Government Budget - values, historical data and charts - was last updated on July of 2021.

Government Budget in Cayman Islands is expected to reach -0.50 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cayman Islands Government Budget is projected to trend around 1.50 percent of GDP in 2021 and 3.00 percent of GDP in 2022, according to our econometric models.

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Cayman Islands Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
2.50 3.40 5.00 -8.10 2004 - 2019 percent of GDP Yearly

Cayman Islands Government Last Previous Highest Lowest Unit
Government Debt to GDP 5.70 9.10 24.50 5.70 percent of GDP [+]
Government Budget 2.50 3.40 5.00 -8.10 percent of GDP [+]
Credit Rating 85.00 [+]

Cayman Islands Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.