New report reveals growing economic impact of Cayman’s financial services industry

Early findings from a Cayman Finance-commissioned research paper published on 19 Sept. show the expanding financial services industry has a larger role in islands’ economy than previously calculated.

The latest report, which was undertaken by respected UK-based consultancy Capital Economics, estimates the sector accounted for 44% of the islands’ economy in 2023 and 45% of government revenue in 2024. That’s higher than previous estimates of 40.2% and 42%, respectively. For a more complete summary of the story, please see the below link:

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Published on: Sep 22, 2025 12:50 PM