GDP in Cayman Islands
Cayman Islands: GDP was 5.24 billion constant LCU in 2024. ▲ Rising
GDP in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Cayman Islands recorded 5.24 billion constant LCU for gdp in 2024. That is the highest value across all 19 years on record.
That represents a change of up 3.8% on the previous year and up 37.2% over ten years.
Over the whole period, gdp in Cayman Islands peaked at 5.24 billion constant LCU in 2024 and was at its lowest, 3.58 billion constant LCU, in 2010.
That places Cayman Islands 187th out of 215 countries with data for 2024, putting it 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 LCU | Change |
|---|---|---|
| 2006 | 3.86 billion constant LCU | — |
| 2007 | 3.98 billion constant LCU | +3.2% |
| 2008 | 3.97 billion constant LCU | -0.4% |
| 2009 | 3.68 billion constant LCU | -7.2% |
| 2010 | 3.58 billion constant LCU | -2.7% |
| 2011 | 3.63 billion constant LCU | +1.2% |
| 2012 | 3.67 billion constant LCU | +1.2% |
| 2013 | 3.72 billion constant LCU | +1.3% |
| 2014 | 3.82 billion constant LCU | +2.7% |
| 2015 | 3.92 billion constant LCU | +2.8% |
| 2016 | 4.05 billion constant LCU | +3.2% |
| 2017 | 4.18 billion constant LCU | +3.2% |
| 2018 | 4.36 billion constant LCU | +4.3% |
| 2019 | 4.53 billion constant LCU | +3.9% |
| 2020 | 4.30 billion constant LCU | -5.0% |
| 2021 | 4.51 billion constant LCU | +4.9% |
| 2022 | 4.77 billion constant LCU | +5.7% |
| 2023 | 5.05 billion constant LCU | +5.8% |
| 2024 | 5.24 billion constant LCU | +3.8% |
Cayman Islands compared with similar countries
- Cayman Islands's 5.24 billion constant LCU is below the median for high income countries, which is 153.70 billion constant LCU, 3% of the median. (83 countries reporting)
- Cayman Islands's 5.24 billion constant LCU is below the median for Latin America & Caribbean, which is 84.75 billion constant LCU, 6% of the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.87 billion constant LCU | 3.68 billion constant LCU | 3.98 billion constant LCU | 4 |
| 2010s | 3.95 billion constant LCU | 3.58 billion constant LCU | 4.53 billion constant LCU | 10 |
| 2020s | 4.77 billion constant LCU | 4.30 billion constant LCU | 5.24 billion constant LCU | 5 |
Countries ranked near Cayman Islands
- 184 Saint Lucia 6.10 billion constant LCU compare
- 185 Guam 5.42 billion constant LCU compare
- 186 Belize 5.40 billion constant LCU compare
- 188 Antigua and Barbuda 4.93 billion constant LCU compare
- 189 Liechtenstein 4.82 billion constant LCU
- 190 Curacao 4.77 billion constant LCU 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 5.24 billion constant LCU 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 5.24 billion constant LCU in 2024.
- What is the lowest gdp recorded in Cayman Islands?
- The lowest recorded value was 3.58 billion constant LCU in 2010.
- How does Cayman Islands rank for gdp?
- Cayman Islands ranks 187th out of 215 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 LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 varies by country. This series is expressed in local currency units.