Current account balance as a share of GDP in Cayman Islands
Cayman Islands: Current account balance as a share of GDP was -9.8% in 2023. ▲ Rising
Latest (2023)
-9.8%
Change on year
up 12.5%
World rank
167th
of 193 countries
All-time high
-9.8%
in 2023
All-time low
-16.9%
in 2017
Years of data
8
2016–2023
Current account balance as a share of GDP in Cayman Islands, 2016–2023
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2023, current account balance as a share of gdp in Cayman Islands stood at -9.8%. That is the highest value across all 8 years on record.
The figure is up 12.5% on the previous year and up 31.6% over ten years.
That places Cayman Islands 167th out of 193 countries with data for 2023, putting it in the bottom quarter.
Current account balance as a share of GDP in Cayman Islands, year by year
| Year | % | Change |
|---|---|---|
| 2016 | -14.4% | — |
| 2017 | -16.9% | +17.2% |
| 2018 | -16.8% | -0.6% |
| 2019 | -10.9% | -35.1% |
| 2020 | -16.4% | +50.1% |
| 2021 | -13.1% | -19.9% |
| 2022 | -11.2% | -14.1% |
| 2023 | -9.8% | -12.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -14.7% | -16.9% | -10.9% | 4 |
| 2020s | -12.6% | -16.4% | -9.8% | 4 |
Countries ranked near Cayman Islands
- 164 Sudan -8.6% compare
- 165 Sierra Leone -9.4% compare
- 166 Mauritania -9.5% compare
- 168 Mongolia -10.4% compare
- 169 Mozambique -11.0% compare
- 170 Côte d'Ivoire -11.4% compare
More economy & growth data for Cayman Islands
- GDP (current LCU), per capita 86,910 current LCU per person (2024)
- GDP (current LCU), per unit of GDP 0.8333 current LCU per US$ of GDP (2024)
- Domestic currency per US dollar (End-of-period (EoP)) 0.8333 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1.14 (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.8762 (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8091 constant 2015 US$ per US$ of GDP (2024)
- GDP (constant LCU), annual growth rate 3.76 % change on previous year (2024)
- GDP (constant 2015 US$), per capita 84,382 constant 2015 US$ per person (2024)
- US dollar per domestic currency (End-of-period (EoP)) 1.2 (2025)
- GDP (constant 2015 US$), annual growth rate 3.76 % change on previous year (2024)
Frequently asked questions
- What is current account balance as a share of gdp in Cayman Islands?
- Current account balance as a share of gdp in Cayman Islands was -9.8% in 2023, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Cayman Islands?
- The highest recorded value was -9.8% in 2023.
- What is the lowest current account balance as a share of gdp recorded in Cayman Islands?
- The lowest recorded value was -16.9% in 2017.
- How does Cayman Islands rank for current account balance as a share of gdp?
- Cayman Islands ranks 167th out of 193 countries with data for 2023.
- Is current account balance as a share of gdp rising or falling in Cayman Islands?
- Over the last ten years it is up 31.6%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).