GDP in Cayman Islands
Cayman Islands: GDP was 7.77 billion current US$ in 2024. ▲ Rising
GDP in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for gdp in Cayman Islands is 7.77 billion current US$, measured in 2024. That is the highest value across all 19 years on record.
That represents a change of up 6.2% on the previous year and up 70.2% over ten years.
Over the whole period, gdp in Cayman Islands peaked at 7.77 billion current US$ in 2024 and was at its lowest, 4.16 billion current US$, in 2010.
That places Cayman Islands 164th out of 214 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
GDP in Cayman Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 2006 | 4.20 billion current US$ | — |
| 2007 | 4.47 billion current US$ | +6.3% |
| 2008 | 4.59 billion current US$ | +2.7% |
| 2009 | 4.28 billion current US$ | -6.6% |
| 2010 | 4.16 billion current US$ | -2.9% |
| 2011 | 4.19 billion current US$ | +0.7% |
| 2012 | 4.29 billion current US$ | +2.5% |
| 2013 | 4.41 billion current US$ | +2.7% |
| 2014 | 4.56 billion current US$ | +3.6% |
| 2015 | 4.71 billion current US$ | +3.2% |
| 2016 | 4.91 billion current US$ | +4.3% |
| 2017 | 5.17 billion current US$ | +5.2% |
| 2018 | 5.53 billion current US$ | +7.0% |
| 2019 | 5.94 billion current US$ | +7.4% |
| 2020 | 5.66 billion current US$ | -4.8% |
| 2021 | 6.06 billion current US$ | +7.2% |
| 2022 | 6.65 billion current US$ | +9.8% |
| 2023 | 7.31 billion current US$ | +9.8% |
| 2024 | 7.77 billion current US$ | +6.2% |
Cayman Islands compared with similar countries
- Cayman Islands's 7.77 billion current US$ is below the median for high income countries, which is 102.03 billion current US$, 8% of the median. (82 countries reporting)
- Cayman Islands's 7.77 billion current US$ is below the median for Latin America & Caribbean, which is 29.59 billion current US$, 26% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.38 billion current US$ | 4.20 billion current US$ | 4.59 billion current US$ | 4 |
| 2010s | 4.79 billion current US$ | 4.16 billion current US$ | 5.94 billion current US$ | 10 |
| 2020s | 6.69 billion current US$ | 5.66 billion current US$ | 7.77 billion current US$ | 5 |
Countries ranked near Cayman Islands
- 161 Liechtenstein 8.91 billion current US$ compare
- 162 New Caledonia 8.55 billion current US$ compare
- 163 Barbados 8.02 billion current US$ compare
- 165 Maldives 7.74 billion current US$ compare
- 166 Isle of Man 7.58 billion current US$ compare
- 167 Sierra Leone 7.46 billion current 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 7.77 billion current 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 7.77 billion current US$ in 2024.
- What is the lowest gdp recorded in Cayman Islands?
- The lowest recorded value was 4.16 billion current US$ in 2010.
- How does Cayman Islands rank for gdp?
- Cayman Islands ranks 164th out of 214 countries with data for 2024.
- Is gdp rising or falling in Cayman Islands?
- Over the last ten years it is up 70.2%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.