GDP per capita (constant LCU) in Cayman Islands
Cayman Islands: GDP per capita (constant LCU) was 70,318 constant LCU 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 LCU.
Analysis
In 2024, gdp per capita in Cayman Islands stood at 70,318 constant LCU.
That represents a change of 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 80,169 constant LCU in 2007 and was at its lowest, 62,666 constant LCU, in 2020.
That places Cayman Islands 103rd out of 215 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
GDP per capita (constant LCU) in Cayman Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2006 | 80,055 constant LCU | — |
| 2007 | 80,169 constant LCU | +0.1% |
| 2008 | 77,596 constant LCU | -3.2% |
| 2009 | 70,001 constant LCU | -9.8% |
| 2010 | 66,236 constant LCU | -5.4% |
| 2011 | 65,194 constant LCU | -1.6% |
| 2012 | 64,228 constant LCU | -1.5% |
| 2013 | 63,366 constant LCU | -1.3% |
| 2014 | 63,420 constant LCU | +0.1% |
| 2015 | 63,649 constant LCU | +0.4% |
| 2016 | 64,193 constant LCU | +0.9% |
| 2017 | 64,764 constant LCU | +0.9% |
| 2018 | 66,088 constant LCU | +2.0% |
| 2019 | 67,262 constant LCU | +1.8% |
| 2020 | 62,666 constant LCU | -6.8% |
| 2021 | 64,383 constant LCU | +2.7% |
| 2022 | 66,618 constant LCU | +3.5% |
| 2023 | 69,088 constant LCU | +3.7% |
| 2024 | 70,318 constant LCU | +1.8% |
Cayman Islands compared with similar countries
- Cayman Islands's 70,318 constant LCU is above the median for high income countries, which is 54,263 constant LCU, 1.3× the median. (83 countries reporting)
- Cayman Islands's 70,318 constant LCU is above the median for Latin America & Caribbean, which is 34,125 constant LCU, 2.1× the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 76,955 constant LCU | 70,001 constant LCU | 80,169 constant LCU | 4 |
| 2010s | 64,840 constant LCU | 63,366 constant LCU | 67,262 constant LCU | 10 |
| 2020s | 66,615 constant LCU | 62,666 constant LCU | 70,318 constant LCU | 5 |
Countries ranked near Cayman Islands
- 100 Egypt 73,489 constant LCU compare
- 101 South Africa 72,846 constant LCU compare
- 102 Poland 70,515 constant LCU compare
- 104 New Zealand 67,519 constant LCU compare
- 105 Sint Maarten (Dutch part) 64,997 constant LCU compare
- 106 Canada 62,597 constant LCU 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)
- Foreign direct investment, net inflows 40.9% (2024)
- Inflation, consumer prices -0.6% (2016)
- Total reserves minus gold 270.42 million current US$ (2025)
- Total reserves 270.42 million includes gold, current US$ (2025)
- Inflation, GDP deflator 2.4% (2024)
- Personal remittances, received 11.50 million current US$ (2024)
Frequently asked questions
- What is gdp per capita in Cayman Islands?
- Gdp per capita in Cayman Islands was 70,318 constant LCU 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 80,169 constant LCU in 2007.
- What is the lowest gdp per capita recorded in Cayman Islands?
- The lowest recorded value was 62,666 constant LCU in 2020.
- How does Cayman Islands rank for gdp per capita?
- Cayman Islands ranks 103rd out of 215 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 LCU). 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 varies by country. This series is expressed in local currency units.