Annual GDP growth in Cayman Islands
Cayman Islands: Annual GDP growth was 5.8% in 2023. ◆ Volatile
Annual GDP growth in Cayman Islands, 2007–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Cayman Islands recorded 5.8% for annual gdp growth in 2023. That is the highest value across all 17 years on record.
The figure is up 0.7% on the previous year and up 354.6% over ten years.
Over the whole period, annual gdp growth in Cayman Islands peaked at 5.8% in 2023 and was at its lowest, -7.2%, in 2009.
Cayman Islands ranks 25th of 196 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Cayman Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 3.2% | — |
| 2008 | -0.4% | -111.3% |
| 2009 | -7.2% | +1914.7% |
| 2010 | -2.7% | -62.3% |
| 2011 | 1.2% | -143.0% |
| 2012 | 1.2% | +5.2% |
| 2013 | 1.3% | +4.0% |
| 2014 | 2.7% | +107.5% |
| 2015 | 2.8% | +6.7% |
| 2016 | 3.2% | +14.4% |
| 2017 | 3.2% | -1.7% |
| 2018 | 4.3% | +34.0% |
| 2019 | 3.9% | -8.2% |
| 2020 | -5.0% | -226.5% |
| 2021 | 4.9% | -198.3% |
| 2022 | 5.8% | +18.6% |
| 2023 | 5.8% | +0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.5% | -7.2% | 3.2% | 3 |
| 2010s | 2.1% | -2.7% | 4.3% | 10 |
| 2020s | 2.9% | -5.0% | 5.8% | 4 |
Countries ranked near Cayman Islands
More economy & growth data for Cayman Islands
- Net primary income (Net income from abroad) (current US$), annual 18.32 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), annual growth rate 1.4 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per capita 5,593 current US$ per person (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0536 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), annual growth rate 1.4 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual 18.32 % change on previous year (2024)
- GNI (current LCU), per unit of GDP 0.6731 current LCU per US$ of GDP (2024)
- GNI (current US$), per capita 84,238 current US$ per person (2024)
- GNI (current LCU), annual growth rate 14.45 % change on previous year (2024)
- Manufacturing value added to gdp, per capita 0 units per person (2024)
Frequently asked questions
- What is annual gdp growth in Cayman Islands?
- Annual gdp growth in Cayman Islands was 5.8% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Cayman Islands?
- The highest recorded value was 5.8% in 2023.
- What is the lowest annual gdp growth recorded in Cayman Islands?
- The lowest recorded value was -7.2% in 2009.
- How does Cayman Islands rank for annual gdp growth?
- Cayman Islands ranks 25th out of 196 countries with data for 2023.
- Is annual gdp growth rising or falling in Cayman Islands?
- Over the last ten years it is up 354.6%. The long-run trend across the full record is volatile.
- Where does this Cayman Islands data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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