GDP deflator (base year varies by country), annual growth rate in Cayman Islands
Cayman Islands: GDP deflator (base year varies by country), annual growth rate was 2.4 % change on previous year in 2024. ◆ Volatile
GDP deflator (base year varies by country), annual growth rate in Cayman Islands, 2007–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Cayman Islands recorded 2.4 % change on previous year for gdp deflator (base year varies by country), annual growth rate in 2024.
The figure is down 37.1% on the previous year and up 171.0% over ten years.
Over the whole period, gdp deflator (base year varies by country), annual growth rate in Cayman Islands peaked at 3.9 % change on previous year in 2022 and was at its lowest, -0.4604 % change on previous year, in 2011.
Cayman Islands ranks 139th of 212 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 deflator (base year varies by country), annual growth rate in Cayman Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | 3.07 % change on previous year | — |
| 2008 | 3.05 % change on previous year | -0.8% |
| 2009 | 0.6104 % change on previous year | -80.0% |
| 2010 | -0.2065 % change on previous year | -133.8% |
| 2011 | -0.4604 % change on previous year | +123.0% |
| 2012 | 1.26 % change on previous year | -374.0% |
| 2013 | 1.38 % change on previous year | +9.3% |
| 2014 | 0.8868 % change on previous year | -35.7% |
| 2015 | 0.3419 % change on previous year | -61.4% |
| 2016 | 1 % change on previous year | +192.5% |
| 2017 | 1.99 % change on previous year | +98.7% |
| 2018 | 2.66 % change on previous year | +34.0% |
| 2019 | 3.4 % change on previous year | +27.5% |
| 2020 | 0.1399 % change on previous year | -95.9% |
| 2021 | 2.19 % change on previous year | +1467.1% |
| 2022 | 3.9 % change on previous year | +77.7% |
| 2023 | 3.82 % change on previous year | -2.0% |
| 2024 | 2.4 % change on previous year | -37.1% |
Cayman Islands compared with similar countries
- Cayman Islands's 2.4 % change on previous year is below the median for high income countries, which is 2.62 % change on previous year, 92% of the median. (82 countries reporting)
- Cayman Islands's 2.4 % change on previous year is below the median for Latin America & Caribbean, which is 3.36 % change on previous year, 72% of the median. (40 countries reporting)
Biggest year-on-year movements
Years where GDP deflator (base year varies by country), annual growth rate 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 |
|---|---|---|---|
| 2021 | +1467.1% | 0.1399 % change on previous year | 2.19 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.24 % change on previous year | 0.6104 % change on previous year | 3.07 % change on previous year | 3 |
| 2010s | 1.22 % change on previous year | -0.4604 % change on previous year | 3.4 % change on previous year | 10 |
| 2020s | 2.49 % change on previous year | 0.1399 % change on previous year | 3.9 % change on previous year | 5 |
Countries ranked near Cayman Islands
- 136 Saint Lucia 2.56 % change on previous year compare
- 137 Belgium 2.56 % change on previous year compare
- 138 Canada 2.55 % change on previous year compare
- 140 Monaco 2.39 % change on previous year compare
- 141 Indonesia 2.37 % change on previous year compare
- 142 Central African Republic 2.34 % change on previous year compare
More economy & growth data for Cayman Islands
- Gross value added at basic prices (GVA) (current LCU), per capita 82,250 current LCU per person (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 6.54 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9464 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 98,700 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 6.54 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7886 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7669 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.82 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 79,983 constant 2015 US$ per person (2024)
- Services, value added (constant LCU), per capita 61,345 constant LCU per person (2024)
Frequently asked questions
- What is gdp deflator (base year varies by country), annual growth rate in Cayman Islands?
- Gdp deflator (base year varies by country), annual growth rate in Cayman Islands was 2.4 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp deflator (base year varies by country), annual growth rate recorded in Cayman Islands?
- The highest recorded value was 3.9 % change on previous year in 2022.
- What is the lowest gdp deflator (base year varies by country), annual growth rate recorded in Cayman Islands?
- The lowest recorded value was -0.4604 % change on previous year in 2011.
- How does Cayman Islands rank for gdp deflator (base year varies by country), annual growth rate?
- Cayman Islands ranks 139th out of 212 countries with data for 2024.
- Is gdp deflator (base year varies by country), annual growth rate rising or falling in Cayman Islands?
- Over the last ten years it is up 171.0%. 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 deflator (base year varies by country), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in GDP deflator (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP deflator 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 deflator (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.