The Cayman Islands economy has continued to grow at a steady
pace since its economic recovery began in 2011.
Goods and Prices
The vast majority of the country's locally consumed goods
are imported and most of this comes from the US as the primary
trading partner. As a result of this and the nature of the
country's monetary system, inflation rates in the Cayman
Islands tend to track closely with that of the US. Similar to many
countries around the world in the recent global economic climate,
the Cayman Islands has experienced a slight increase in prices over
the past year and experienced deflation in 2015.
Labour and Employment
The Cayman Islands economy is labour intensive. Due to its
relatively small population and the impressive economic growth over
the past four decades, the Cayman Islands relies heavily on
imported labour to meet the skilled and unskilled human capital
requirements for sustaining the economy. Imported labour comprises
just over 50% of
