GDP (constant LCU), annual growth rate (GDP Country official) in Cayman Islands
Cayman Islands: GDP (constant LCU), annual growth rate (GDP Country official) was 3.76 % change on previous year in 2024. ◆ Volatile
GDP (constant LCU), annual growth rate in Cayman Islands, 2007–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp (constant lcu), annual growth rate in Cayman Islands is 3.76 % change on previous year, measured in 2024.
That represents a change of down 35.3% on the previous year and up 41.5% over ten years.
Over the whole period, gdp (constant lcu), annual growth rate in Cayman Islands peaked at 5.8 % change on previous year in 2023 and was at its lowest, -7.2 % change on previous year, in 2009.
Cayman Islands ranks 88th of 213 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (constant LCU), annual growth rate (GDP Country official) in Cayman Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | 3.16 % change on previous year | — |
| 2008 | -0.3575 % change on previous year | -111.3% |
| 2009 | -7.2 % change on previous year | +1914.2% |
| 2010 | -2.72 % change on previous year | -62.3% |
| 2011 | 1.17 % change on previous year | -143.0% |
| 2012 | 1.23 % change on previous year | +5.2% |
| 2013 | 1.28 % change on previous year | +4.0% |
| 2014 | 2.65 % change on previous year | +107.5% |
| 2015 | 2.83 % change on previous year | +6.7% |
| 2016 | 3.24 % change on previous year | +14.4% |
| 2017 | 3.18 % change on previous year | -1.7% |
| 2018 | 4.27 % change on previous year | +34.0% |
| 2019 | 3.92 % change on previous year | -8.2% |
| 2020 | -4.95 % change on previous year | -226.5% |
| 2021 | 4.87 % change on previous year | -198.3% |
| 2022 | 5.66 % change on previous year | +16.2% |
| 2023 | 5.8 % change on previous year | +2.5% |
| 2024 | 3.76 % change on previous year | -35.3% |
Cayman Islands compared with similar countries
- Cayman Islands's 3.76 % change on previous year is above the median for high income countries, which is 2.14 % change on previous year, 1.8× the median. (83 countries reporting)
- Cayman Islands's 3.76 % change on previous year is above the median for Latin America & Caribbean, which is 3.38 % change on previous year, 1.1× the median. (41 countries reporting)
Biggest year-on-year movements
Years where GDP (constant LCU), annual growth rate (GDP Country official) 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 | -1914.2% | -0.3575 % change on previous year | -7.2 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.47 % change on previous year | -7.2 % change on previous year | 3.16 % change on previous year | 3 |
| 2010s | 2.11 % change on previous year | -2.72 % change on previous year | 4.27 % change on previous year | 10 |
| 2020s | 3.03 % change on previous year | -4.95 % change on previous year | 5.8 % change on previous year | 5 |
Countries ranked near Cayman Islands
More economy & growth data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$), annual -73.72 % change on previous year (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps -1.74 billion BoP, current US$ (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 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)
- 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 (constant lcu), annual growth rate in Cayman Islands?
- Gdp (constant lcu), annual growth rate in Cayman Islands was 3.76 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (constant lcu), annual growth rate recorded in Cayman Islands?
- The highest recorded value was 5.8 % change on previous year in 2023.
- What is the lowest gdp (constant lcu), annual growth rate recorded in Cayman Islands?
- The lowest recorded value was -7.2 % change on previous year in 2009.
- How does Cayman Islands rank for gdp (constant lcu), annual growth rate?
- Cayman Islands ranks 88th out of 213 countries with data for 2024.
- Is gdp (constant lcu), annual growth rate rising or falling in Cayman Islands?
- Over the last ten years it is up 41.5%. The long-run trend across the full record is volatile.
- Where does this Cayman Islands data come from?
- The figures come from Statizoid (derived), published as part of GDP (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.