Average tariff applied by developed countries … preferential in Cayman Islands
Cayman Islands: Average tariff applied by developed countries … preferential was 15.8% in 2024. ◆ Volatile
Average tariff applied by developed countries, preferential status in Cayman Islands, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Cayman Islands recorded 15.8% for average tariff applied by developed countries, preferential status in 2024.
That represents a change of down 0.8% on the previous year and up 246.0% over ten years.
Over the whole period, average tariff applied by developed countries, preferential status in Cayman Islands peaked at 16.1% in 2022 and was at its lowest, 4.3%, in 2005.
That places Cayman Islands 13th out of 236 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Average tariff applied by developed countries … preferential in Cayman Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 6.3% | — |
| 2005 | 4.3% | -31.8% |
| 2010 | 4.6% | +6.4% |
| 2011 | 4.6% | -0.3% |
| 2012 | 4.6% | +1.4% |
| 2013 | 4.5% | -2.1% |
| 2014 | 4.6% | +0.5% |
| 2015 | 4.6% | +0.2% |
| 2016 | 4.6% | +0.1% |
| 2017 | 4.6% | +0.0% |
| 2018 | 4.6% | -0.3% |
| 2019 | 7.1% | +56.0% |
| 2020 | 7.1% | -0.0% |
| 2021 | 14.4% | +103.0% |
| 2022 | 16.1% | +11.4% |
| 2023 | 15.9% | -1.2% |
| 2024 | 15.8% | -0.8% |
Cayman Islands compared with similar countries
- Cayman Islands's 15.8% is above the median for high income countries, which is 5.3%, 3.0× the median. (75 countries reporting)
- Cayman Islands's 15.8% is above the median for Latin America & Caribbean, which is 2.5%, 6.4× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Average tariff applied by developed countries … preferential in Cayman Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +103.0% | 7.1% | 14.4% |
| 2019 | +56.0% | 4.6% | 7.1% |
| 2005 | -31.8% | 6.3% | 4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.3% | 4.3% | 6.3% | 2 |
| 2010s | 4.8% | 4.5% | 7.1% | 10 |
| 2020s | 13.9% | 7.1% | 16.1% | 5 |
Countries ranked near Cayman Islands
More development goals data for Cayman Islands
- Red List Index 0.795 (2025)
- Number of refugees per 100,000 population, by country of origin 0 (2025)
- Manufacturing value added per capita 747.97 (2025)
- Alcohol consumption per capita (aged 15 years and older) within a 11.7 (2024)
- DEC alternative conversion factor 0.8333 (2024)
- Annual inflation, consumer prices -0.6% (2016)
- Number of victims of intentional homicide, by sex 3 (2020)
- Change in maximum river flow -20.8% (2024)
- Change in minimum river flow -46.1% (2024)
- River flow maximum 1.17 (2024)
Frequently asked questions
- What is average tariff applied by developed countries, preferential status in Cayman Islands?
- Average tariff applied by developed countries, preferential status in Cayman Islands was 15.8% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest average tariff applied by developed countries, preferential status recorded in Cayman Islands?
- The highest recorded value was 16.1% in 2022.
- What is the lowest average tariff applied by developed countries, preferential status recorded in Cayman Islands?
- The lowest recorded value was 4.3% in 2005.
- How does Cayman Islands rank for average tariff applied by developed countries, preferential status?
- Cayman Islands ranks 13th out of 236 countries with data for 2024.
- Is average tariff applied by developed countries, preferential status rising or falling in Cayman Islands?
- Over the last ten years it is up 246.0%. The long-run trend across the full record is volatile.
- Where does this Cayman Islands data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Average tariff applied by developed countries, preferential status, by type of product (%). Statizoid updates them automatically from the source API.
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