The ICT Gross Value Added (GVA) in the Cayman Islands was 145.0 million euros in 2023. Forecasts indicate growth to 162.4 million euros by 2028, representing a compound annual growth rate (CAGR) of approximately 2.3%. Year-on-year variations show a steady increase, with each year witnessing a growth of nearly 1.8% to 2%. This consistent growth underscores a resilient and expanding ICT sector in the Cayman Islands over the forecast period.
Future trends to watch for include:
- Adoption of new and emerging technologies.
- Government policies affecting ICT investment.
- Global economic conditions influencing demand for ICT services.
- Potential impacts of regulatory changes within the financial services sector.
