Cayman’s damage from Ivan is greater than the total hurricane season damage this year to Grenada, Jamaica, the Dominican Republic and the Bahamas combined. The total amount of damage and loss is equivalent to almost two years of Cayman’s GDP.A per resident estimate stands at CI$75,700, the highest ever encountered by The Economic Commission for Latin America and the Caribbean (ECLAC).
The total impact to the productive sector equaled CI$931.4 million, or 33% of the total impact. The two most impacted sub sectors being Commerce and Tourism. Commerce suffered an impact of CI$448.3 million and tourism experienced a total impact of CI$462.4 million.