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. Measured in %.
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 31st of 230 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 | % | 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% |
Cayman Islands compared with similar countries
- Cayman Islands's 5.8% is above the median for high income countries, which is 2.1%, 2.7× the median. (80 countries reporting)
- Cayman Islands's 5.8% is above the median for Latin America & Caribbean, which is 3.3%, 1.8× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) in Cayman Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | -1914.7% | -0.4% | -7.2% |
| 2020 | -226.5% | 3.9% | -5.0% |
| 2021 | +198.3% | -5.0% | 4.9% |
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
- 28 Cambodia 6.0% compare
- 29 Bermuda 6.0% compare
- 30 Armenia 5.9% compare
- 32 Philippines 5.7% compare
- 33 Turks and Caicos Islands 5.6% compare
- 34 Micronesia 5.6% compare
More economy & growth data for Cayman Islands
- Foreign direct investment, net outflows (BoP, current US$), per capita -23,390 BoP, current US$ per person (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.2243 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps -1.74 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.18 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows 40.9% (2024)
- Inflation, consumer prices -0.6% (2016)
- Total reserves minus gold 270.42 million current US$ (2025)
- Total reserves 270.42 million includes gold, current US$ (2025)
- GDP deflator 123.6 base year varies by country (2024)
- Personal remittances, received 11.50 million current US$ (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 31st out of 230 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.
Download this data
CSV · JSON — 17 observations, free to reuse under UN SDG Global Database (open, attribution requested).