Cayman Islands Trade Openness
Trade as % of GDP NE.TRD.GNFS.ZS
Cayman Islands's trade openness was 105.47% in 2020, ranked 143rd globally. This represents a 8.2% decrease from 2019. Data from World Bank, covering 2017–2020.
Overview
Cayman Islands's trade openness stood at 105.47% in 2020, a decline of +9.37% from 2019. Cayman Islands ranked 143rd globally.
Cayman Islands’ trade openness fell from its all‑time peak of 117.44 in 2017 to a trough of 105.47 in 2020, placing the jurisdiction at rank 143 globally in the most recent year. The decline of roughly 12.0 percentage points over four years reflects a contraction in the ratio of the sum of exports and imports to gross domestic product, a pattern that contrasts with the modestly higher openness of Marshall Islands at 107.83 and the slightly lower figure for Denmark at 104.43 in the same period. The downward move coincides with the global economic slowdown triggered by the COVID‑19 pandemic, which dampened tourism‑related services and reduced the volume of financial‑sector transactions that dominate the Cayman economy. Despite the dip, the territory remains comparatively open, suggesting resilience in its offshore financial hub. Continued diversification of export services and a rebound in international travel could stabilize or even lift the openness ratio in the coming years.
Data & projection
| Year | Trade Openness | YoY change | Rank |
|---|---|---|---|
| 2020 | 105.47% | −9.37% | #143 |
| 2019 | 114.84% | −2.28% | #141 |
| 2018 | 117.12% | −0.32% | #142 |
| 2017 | 117.44% | – | #143 |
Analysis
Cayman Islands's trade openness was 105.47% in 2020, a decline of −9.37% from 2019.
Frequently Asked Questions
Cayman Islands's trade openness was 105.47% in 2020. Ranked 143rd globally. This represents a 8.2% decrease from the previous year.
Cayman Islands's trade openness peaked at 117.44% in 2017.
The lowest trade openness in Cayman Islands was 105.47% in 2020.
Cayman Islands ranks 143rd globally in trade openness as of 2020.
The World Bank indicator code is NE.TRD.GNFS.ZS. Data sourced from World Bank.
The trade openness of Cayman Islands in 2020 was 105.47%. This ranks 143rd in the world.
Cite this page
@misc{historysaid_cayman-islands_trade-openness,
title = {Cayman Islands Trade Openness},
url = {https://historysaid.com/cayman-islands/trade-openness/},
publisher = {HistorySaid},
year = {2026}
}