GDP, PPP (constant 2021 international $), per unit of GDP in Cayman Islands
Cayman Islands: GDP, PPP (constant 2021 international $), per unit of GDP was 0.7766 constant 2021 international $ per US$ of GDP in 2024. ▼ Falling
GDP, PPP (constant 2021 international $), per unit of GDP in Cayman Islands, 2006–2024
Source: Statizoid (derived). Measured in constant 2021 international $ per US$ of GDP.
Analysis
In 2024, gdp, ppp (constant 2021 international $), per unit of gdp in Cayman Islands stood at 0.7766 constant 2021 international $ per US$ of GDP. That is the lowest value across all 19 years on record.
Compared with earlier readings it is down 2.3% on the previous year and down 19.4% over ten years.
Over the whole period, gdp, ppp (constant 2021 international $), per unit of gdp in Cayman Islands peaked at 1.06 constant 2021 international $ per US$ of GDP in 2006 and was at its lowest, 0.7766 constant 2021 international $ per US$ of GDP, in 2024.
Cayman Islands ranks 197th of 200 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
GDP, PPP (constant 2021 international $), per unit of GDP in Cayman Islands, year by year
| Year | constant 2021 international $ per US$ of GDP | Change |
|---|---|---|
| 2006 | 1.06 constant 2021 international $ per US$ of GDP | — |
| 2007 | 1.03 constant 2021 international $ per US$ of GDP | -3.0% |
| 2008 | 0.9969 constant 2021 international $ per US$ of GDP | -3.0% |
| 2009 | 0.9909 constant 2021 international $ per US$ of GDP | -0.6% |
| 2010 | 0.9929 constant 2021 international $ per US$ of GDP | +0.2% |
| 2011 | 0.9975 constant 2021 international $ per US$ of GDP | +0.5% |
| 2012 | 0.9851 constant 2021 international $ per US$ of GDP | -1.2% |
| 2013 | 0.9717 constant 2021 international $ per US$ of GDP | -1.4% |
| 2014 | 0.9632 constant 2021 international $ per US$ of GDP | -0.9% |
| 2015 | 0.9599 constant 2021 international $ per US$ of GDP | -0.3% |
| 2016 | 0.9504 constant 2021 international $ per US$ of GDP | -1.0% |
| 2017 | 0.9319 constant 2021 international $ per US$ of GDP | -1.9% |
| 2018 | 0.9077 constant 2021 international $ per US$ of GDP | -2.6% |
| 2019 | 0.8779 constant 2021 international $ per US$ of GDP | -3.3% |
| 2020 | 0.8767 constant 2021 international $ per US$ of GDP | -0.1% |
| 2021 | 0.8578 constant 2021 international $ per US$ of GDP | -2.1% |
| 2022 | 0.8257 constant 2021 international $ per US$ of GDP | -3.8% |
| 2023 | 0.7953 constant 2021 international $ per US$ of GDP | -3.7% |
| 2024 | 0.7766 constant 2021 international $ per US$ of GDP | -2.3% |
Cayman Islands compared with similar countries
- Cayman Islands's 0.7766 constant 2021 international $ per US$ of GDP is below the median for high income countries, which is 1.24 constant 2021 international $ per US$ of GDP, 63% of the median. (74 countries reporting)
- Cayman Islands's 0.7766 constant 2021 international $ per US$ of GDP is below the median for Latin America & Caribbean, which is 1.64 constant 2021 international $ per US$ of GDP, 47% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.02 constant 2021 international $ per US$ of GDP | 0.9909 constant 2021 international $ per US$ of GDP | 1.06 constant 2021 international $ per US$ of GDP | 4 |
| 2010s | 0.9538 constant 2021 international $ per US$ of GDP | 0.8779 constant 2021 international $ per US$ of GDP | 0.9975 constant 2021 international $ per US$ of GDP | 10 |
| 2020s | 0.8264 constant 2021 international $ per US$ of GDP | 0.7766 constant 2021 international $ per US$ of GDP | 0.8767 constant 2021 international $ per US$ of GDP | 5 |
Countries ranked near Cayman Islands
- 194 Nauru 0.8289 constant 2021 international $ per US$ of GDP compare
- 195 Israel 0.7988 constant 2021 international $ per US$ of GDP compare
- 196 Barbados 0.7801 constant 2021 international $ per US$ of GDP compare
- 198 Switzerland 0.747 constant 2021 international $ per US$ of GDP compare
- 199 Bermuda 0.7332 constant 2021 international $ per US$ of GDP compare
- 200 Iceland 0.6923 constant 2021 international $ per US$ of GDP 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 23.72 million 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)
Frequently asked questions
- What is gdp, ppp (constant 2021 international $), per unit of gdp in Cayman Islands?
- Gdp, ppp (constant 2021 international $), per unit of gdp in Cayman Islands was 0.7766 constant 2021 international $ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gdp, ppp (constant 2021 international $), per unit of gdp recorded in Cayman Islands?
- The highest recorded value was 1.06 constant 2021 international $ per US$ of GDP in 2006.
- What is the lowest gdp, ppp (constant 2021 international $), per unit of gdp recorded in Cayman Islands?
- The lowest recorded value was 0.7766 constant 2021 international $ per US$ of GDP in 2024.
- How does Cayman Islands rank for gdp, ppp (constant 2021 international $), per unit of gdp?
- Cayman Islands ranks 197th out of 200 countries with data for 2024.
- Is gdp, ppp (constant 2021 international $), per unit of gdp rising or falling in Cayman Islands?
- Over the last ten years it is down 19.4%. The long-run trend across the full record is falling.
- Where does this Cayman Islands data come from?
- The figures come from Statizoid (derived), published as part of GDP, PPP (constant 2021 international $), per unit of GDP. Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
GDP, PPP (constant 2021 international $) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP, PPP (constant 2021 international $) ÷ GDP (current US$)
Computed from
- GDP, PPP International Comparison Program (ICP), World Bank (WB)
- GDP 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
GDP, PPP (constant 2021 international $) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.