GDP per capita growth (annual %) (Country official) in Cayman Islands
Cayman Islands: GDP per capita growth (annual %) (Country official) was 1.8% in 2024. ◆ Volatile
GDP per capita growth in Cayman Islands, 2007–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
The most recent figure for gdp per capita growth in Cayman Islands is 1.8%, measured in 2024.
Compared with earlier readings it is down 52.0% on the previous year and up 1,957.7% over ten years.
Over the whole period, gdp per capita growth in Cayman Islands peaked at 3.7% in 2023 and was at its lowest, -9.8%, in 2009.
That places Cayman Islands 128th out of 215 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP per capita growth (annual %) (Country official) in Cayman Islands, year by year
| Year | annual % | Change |
|---|---|---|
| 2007 | 0.1% | — |
| 2008 | -3.2% | -2365.1% |
| 2009 | -9.8% | +205.0% |
| 2010 | -5.4% | -45.0% |
| 2011 | -1.6% | -70.8% |
| 2012 | -1.5% | -5.8% |
| 2013 | -1.3% | -9.3% |
| 2014 | 0.1% | -106.4% |
| 2015 | 0.4% | +317.3% |
| 2016 | 0.9% | +136.8% |
| 2017 | 0.9% | +4.1% |
| 2018 | 2.0% | +129.8% |
| 2019 | 1.8% | -13.1% |
| 2020 | -6.8% | -484.6% |
| 2021 | 2.7% | -140.1% |
| 2022 | 3.5% | +26.7% |
| 2023 | 3.7% | +6.8% |
| 2024 | 1.8% | -52.0% |
Cayman Islands compared with similar countries
- Cayman Islands's 1.8% is above the median for high income countries, which is 1.7%, 1.1× the median. (83 countries reporting)
- Cayman Islands's 1.8% is below the median for Latin America & Caribbean, which is 2.4%, 75% of the median. (41 countries reporting)
Biggest year-on-year movements
Years where GDP per capita growth (annual %) (Country official) 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 |
|---|---|---|---|
| 2008 | -2365.1% | 0.1% | -3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.3% | -9.8% | 0.1% | 3 |
| 2010s | -0.4% | -5.4% | 2.0% | 10 |
| 2020s | 1.0% | -6.8% | 3.7% | 5 |
Countries ranked near Cayman Islands
More economy & growth data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$), annual -73.72 % change on previous year (2024)
- Foreign direct investment, net outflows (BoP, current US$), gaps -1.74 billion BoP, current US$ (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 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 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)
Frequently asked questions
- What is gdp per capita growth in Cayman Islands?
- Gdp per capita growth in Cayman Islands was 1.8% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp per capita growth recorded in Cayman Islands?
- The highest recorded value was 3.7% in 2023.
- What is the lowest gdp per capita growth recorded in Cayman Islands?
- The lowest recorded value was -9.8% in 2009.
- How does Cayman Islands rank for gdp per capita growth?
- Cayman Islands ranks 128th out of 215 countries with data for 2024.
- Is gdp per capita growth rising or falling in Cayman Islands?
- Over the last ten years it is up 1,957.7%. The long-run trend across the full record is volatile.
- 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 growth (annual %). 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.