GDP in Cayman Islands
Cayman Islands: GDP was 6.28 billion constant 2015 US$ in 2024. ▲ Rising
GDP in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gdp in Cayman Islands is 6.28 billion constant 2015 US$, measured in 2024. That is the highest value across all 19 years on record.
The figure is up 3.8% on the previous year and up 37.2% over ten years.
Over the whole period, gdp in Cayman Islands peaked at 6.28 billion constant 2015 US$ in 2024 and was at its lowest, 4.30 billion constant 2015 US$, in 2010.
Cayman Islands ranks 164th of 212 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
GDP in Cayman Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2006 | 4.63 billion constant 2015 US$ | — |
| 2007 | 4.78 billion constant 2015 US$ | +3.2% |
| 2008 | 4.76 billion constant 2015 US$ | -0.4% |
| 2009 | 4.42 billion constant 2015 US$ | -7.2% |
| 2010 | 4.30 billion constant 2015 US$ | -2.7% |
| 2011 | 4.35 billion constant 2015 US$ | +1.2% |
| 2012 | 4.40 billion constant 2015 US$ | +1.2% |
| 2013 | 4.46 billion constant 2015 US$ | +1.3% |
| 2014 | 4.58 billion constant 2015 US$ | +2.7% |
| 2015 | 4.71 billion constant 2015 US$ | +2.8% |
| 2016 | 4.86 billion constant 2015 US$ | +3.2% |
| 2017 | 5.02 billion constant 2015 US$ | +3.2% |
| 2018 | 5.23 billion constant 2015 US$ | +4.3% |
| 2019 | 5.43 billion constant 2015 US$ | +3.9% |
| 2020 | 5.17 billion constant 2015 US$ | -5.0% |
| 2021 | 5.42 billion constant 2015 US$ | +4.9% |
| 2022 | 5.72 billion constant 2015 US$ | +5.7% |
| 2023 | 6.06 billion constant 2015 US$ | +5.8% |
| 2024 | 6.28 billion constant 2015 US$ | +3.8% |
Cayman Islands compared with similar countries
- Cayman Islands's 6.28 billion constant 2015 US$ is below the median for high income countries, which is 76.03 billion constant 2015 US$, 8% of the median. (80 countries reporting)
- Cayman Islands's 6.28 billion constant 2015 US$ is below the median for Latin America & Caribbean, which is 25.54 billion constant 2015 US$, 25% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.65 billion constant 2015 US$ | 4.42 billion constant 2015 US$ | 4.78 billion constant 2015 US$ | 4 |
| 2010s | 4.73 billion constant 2015 US$ | 4.30 billion constant 2015 US$ | 5.43 billion constant 2015 US$ | 10 |
| 2020s | 5.73 billion constant 2015 US$ | 5.17 billion constant 2015 US$ | 6.28 billion constant 2015 US$ | 5 |
Countries ranked near Cayman Islands
- 161 Isle of Man 7.10 billion constant 2015 US$ compare
- 162 Maldives 6.62 billion constant 2015 US$ compare
- 163 Barbados 6.50 billion constant 2015 US$ compare
- 165 French Polynesia 5.87 billion constant 2015 US$ compare
- 166 Guam 5.72 billion constant 2015 US$ compare
- 167 Fiji 5.69 billion constant 2015 US$ compare
More economy & growth data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$), annual -73.72 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.18 billion BoP, current US$ (2024)
- 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)
- Gross value added at basic prices (GVA) 5.96 billion constant 2015 US$ (2024)
- Agriculture, forestry, and fishing, value added 29.29 million current LCU (2024)
- Inflation, consumer prices -0.6% (2016)
- Total reserves minus gold 252.10 million current US$ (2024)
- Total reserves 252.10 million includes gold, current US$ (2024)
Frequently asked questions
- What is gdp in Cayman Islands?
- Gdp in Cayman Islands was 6.28 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Cayman Islands?
- The highest recorded value was 6.28 billion constant 2015 US$ in 2024.
- What is the lowest gdp recorded in Cayman Islands?
- The lowest recorded value was 4.30 billion constant 2015 US$ in 2010.
- How does Cayman Islands rank for gdp?
- Cayman Islands ranks 164th out of 212 countries with data for 2024.
- Is gdp rising or falling in Cayman Islands?
- Over the last ten years it is up 37.2%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.