Current Account to GDP in Cayman Islands is reported by the Cayman Islands – The Economics & Statistics Office. Historically, from 2005 until 2011, Cayman Islands Current Account to GDP averaged -19.1 Percent reaching an all time high of -16.7 Percent in December of 2008 and a record low of -29.4 Percent in December of 2005.
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country.
Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
See attached chart with historical data for Current Account to GDP in Cayman Islands.
For more on this story go to:
http://www.tradingeconomics.com/cayman-islands/current-account-to-gdp
Further to our story on Dec 4th 2012 “Cayman GDP worth 3.08 billion in 2009 (http://www.ieyenews.com/2012/12/cayman-gdp-worth-us-3-08-billion-in-2009/), Cayman Islands recorded a Current Account deficit of 18.40 percent of the country’s Gross Domestic Product in 2011. 
