Annual GDP growth in Cayman Islands
Cayman Islands: Annual GDP growth was 4.4% in 2023. ◆ Volatile
Annual GDP growth in Cayman Islands, 2007–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual gdp growth in Cayman Islands is 4.4%, measured in 2023.
That represents a change of down 15.5% on the previous year and up 240.6% over ten years.
Over the whole period, annual gdp growth in Cayman Islands peaked at 5.2% in 2022 and was at its lowest, -7.2%, in 2009.
That places Cayman Islands 66th out of 211 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
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 | 2.4% | -5.0% | 5.2% | 4 |
Countries ranked near Cayman Islands
More economy & growth data for Cayman Islands
- Inflation of consumer prices -0.6% (2016)
- GDP per capita 84,382 constant 2015 US$ (2024)
- Share of manufacturing in gross domestic product (GDP) 0.9% (2024)
- Gross domestic product (GDP) 6.28 billion constant 2015 US$ (2024)
- GDP per capita in international and market dollars 84,382 constant 2015 US$ (2024)
- DEC alternative conversion factor 0.8333 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -379.90 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -455.88 million current US$ (2024)
- Taxes less subsidies on products 347.01 million current LCU (2024)
- Taxes less subsidies on products 416.41 million current US$ (2024)
Frequently asked questions
- What is annual gdp growth in Cayman Islands?
- Annual gdp growth in Cayman Islands was 4.4% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest annual gdp growth recorded in Cayman Islands?
- The highest recorded value was 5.2% in 2022.
- 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 66th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Cayman Islands?
- Over the last ten years it is up 240.6%. The long-run trend across the full record is volatile.
- Where does this Cayman Islands data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual GDP growth (%)