GDP per capita (constant 2015 US$) in Cayman Islands
Cayman Islands: GDP per capita was 84,382 constant 2015 US$ in 2024. ▼ Falling
GDP per capita in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, gdp per capita in Cayman Islands stood at 84,382 constant 2015 US$.
Compared with earlier readings it is up 1.8% on the previous year and up 10.9% over ten years.
Over the whole period, gdp per capita in Cayman Islands peaked at 96,203 constant 2015 US$ in 2007 and was at its lowest, 75,200 constant 2015 US$, in 2020.
That places Cayman Islands 6th out of 212 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 19 years of available data.
GDP per capita in Cayman Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2006 | 96,067 constant 2015 US$ | — |
| 2007 | 96,203 constant 2015 US$ | +0.1% |
| 2008 | 93,115 constant 2015 US$ | -3.2% |
| 2009 | 84,001 constant 2015 US$ | -9.8% |
| 2010 | 79,483 constant 2015 US$ | -5.4% |
| 2011 | 78,233 constant 2015 US$ | -1.6% |
| 2012 | 77,074 constant 2015 US$ | -1.5% |
| 2013 | 76,039 constant 2015 US$ | -1.3% |
| 2014 | 76,105 constant 2015 US$ | +0.1% |
| 2015 | 76,379 constant 2015 US$ | +0.4% |
| 2016 | 77,032 constant 2015 US$ | +0.9% |
| 2017 | 77,717 constant 2015 US$ | +0.9% |
| 2018 | 79,306 constant 2015 US$ | +2.0% |
| 2019 | 80,715 constant 2015 US$ | +1.8% |
| 2020 | 75,200 constant 2015 US$ | -6.8% |
| 2021 | 77,260 constant 2015 US$ | +2.7% |
| 2022 | 79,942 constant 2015 US$ | +3.5% |
| 2023 | 82,906 constant 2015 US$ | +3.7% |
| 2024 | 84,382 constant 2015 US$ | +1.8% |
Cayman Islands compared with similar countries
- Cayman Islands's 84,382 constant 2015 US$ is above the median for high income countries, which is 34,672 constant 2015 US$, 2.4× the median. (80 countries reporting)
- Cayman Islands's 84,382 constant 2015 US$ is above the median for Latin America & Caribbean, which is 10,367 constant 2015 US$, 8.1× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 92,346 constant 2015 US$ | 84,001 constant 2015 US$ | 96,203 constant 2015 US$ | 4 |
| 2010s | 77,808 constant 2015 US$ | 76,039 constant 2015 US$ | 80,715 constant 2015 US$ | 10 |
| 2020s | 79,938 constant 2015 US$ | 75,200 constant 2015 US$ | 84,382 constant 2015 US$ | 5 |
Countries ranked near Cayman Islands
- 3 Ireland 104,417 constant 2015 US$ compare
- 4 Luxembourg 103,292 constant 2015 US$ compare
- 5 Switzerland 93,328 constant 2015 US$ compare
- 7 Isle of Man 84,315 constant 2015 US$ compare
- 8 Norway 83,813 constant 2015 US$ compare
- 9 Singapore 70,684 constant 2015 US$ compare
More economy & growth data for Cayman Islands
- 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)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.18 billion BoP, current US$ (2024)
- GDP 6.28 billion constant 2015 US$ (2024)
- Gross value added at basic prices (GVA) 5.96 billion constant 2015 US$ (2024)
- Gross value added at basic prices (GVA) 4.96 billion constant LCU (2024)
- GDP 7.77 billion current US$ (2024)
- GDP 6.47 billion current LCU (2024)
- Manufacturing, value added 56.01 million current LCU (2024)
Frequently asked questions
- What is gdp per capita in Cayman Islands?
- Gdp per capita in Cayman Islands was 84,382 constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp per capita recorded in Cayman Islands?
- The highest recorded value was 96,203 constant 2015 US$ in 2007.
- What is the lowest gdp per capita recorded in Cayman Islands?
- The lowest recorded value was 75,200 constant 2015 US$ in 2020.
- How does Cayman Islands rank for gdp per capita?
- Cayman Islands ranks 6th out of 212 countries with data for 2024.
- Is gdp per capita rising or falling in Cayman Islands?
- Over the last ten years it is up 10.9%. The long-run trend across the full record is falling.
- 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 per capita (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. The core indicator has been divided by the general population to achieve a per capita estimate.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.