The latest copy of the Global Financial Centres Index report shows Cayman at #22 out of 110. Not only is this a great achievement - Cayman is the only Caribbean Island in the top 25. This figure shows Cayman is up 9 places from previously.
GFCI 23 was compiled using 103 instrumental factors. These quantitative measures are provided by third parties including the World Bank, The Economist Intelligence Unit, the OECD, and the United Nations. There is an overall increase in confidence for the leading centres. Signs of a bias towards stronger and more established centres are evident with the top 25 centres all rising in the ratings. Ratings fell for all of the lowest 50 centres. All centres in Latin America and the Caribbean fell in the GFCI ratings except for the Cayman Islands. Despite the fall in the ratings, six centres rose in the ranks with the Bahamas leading the way rising 22 places. The Cayman Islands are now the leading centre in the region.
To read the full report download the attached PDF.