GDP, PPP (current international $), annual growth rate in Cayman Islands
Cayman Islands: GDP, PPP (current international $), annual growth rate was 6.33 % change on previous year in 2024. ◆ Volatile
GDP, PPP (current international $), annual growth rate in Cayman Islands, 2007–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp, ppp (current international $), annual growth rate in Cayman Islands is 6.33 % change on previous year, measured in 2024.
The figure is down 34.9% on the previous year and up 161.2% over ten years.
Over the whole period, gdp, ppp (current international $), annual growth rate in Cayman Islands peaked at 14.49 % change on previous year in 2021 and was at its lowest, -7.22 % change on previous year, in 2020.
That places Cayman Islands 93rd out of 204 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, PPP (current international $), annual growth rate in Cayman Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | 5.96 % change on previous year | — |
| 2008 | 1.56 % change on previous year | -73.8% |
| 2009 | -6.63 % change on previous year | -524.2% |
| 2010 | -1.53 % change on previous year | -76.9% |
| 2011 | 3.26 % change on previous year | -312.3% |
| 2012 | -0.1825 % change on previous year | -105.6% |
| 2013 | 0.9483 % change on previous year | -619.7% |
| 2014 | 2.42 % change on previous year | +155.7% |
| 2015 | 3.19 % change on previous year | +31.5% |
| 2016 | 5.04 % change on previous year | +58.1% |
| 2017 | 5.91 % change on previous year | +17.4% |
| 2018 | 7.88 % change on previous year | +33.2% |
| 2019 | 3.36 % change on previous year | -57.3% |
| 2020 | -7.22 % change on previous year | -314.7% |
| 2021 | 14.49 % change on previous year | -300.8% |
| 2022 | 13.18 % change on previous year | -9.1% |
| 2023 | 9.72 % change on previous year | -26.2% |
| 2024 | 6.33 % change on previous year | -34.9% |
Cayman Islands compared with similar countries
- Cayman Islands's 6.33 % change on previous year is above the median for high income countries, which is 4.51 % change on previous year, 1.4× the median. (74 countries reporting)
- Cayman Islands's 6.33 % change on previous year is above the median for Latin America & Caribbean, which is 6.27 % change on previous year, 1.0× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2973 % change on previous year | -6.63 % change on previous year | 5.96 % change on previous year | 3 |
| 2010s | 3.03 % change on previous year | -1.53 % change on previous year | 7.88 % change on previous year | 10 |
| 2020s | 7.3 % change on previous year | -7.22 % change on previous year | 14.49 % change on previous year | 5 |
Countries ranked near Cayman Islands
- 90 Bangladesh 6.39 % change on previous year compare
- 91 Hong Kong 6.39 % change on previous year compare
- 92 Bahrain 6.38 % change on previous year compare
- 94 Peru 6.33 % change on previous year compare
- 95 Sint Maarten (Dutch part) 6.3 % change on previous year compare
- 96 Saint Vincent and the Grenadines 6.29 % change on previous year compare
More economy & growth data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$), per capita 42,674 BoP, current US$ per person (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 outflows (BoP, current US$), per capita -23,390 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.18 billion BoP, current US$ (2024)
- Total reserves (includes gold, current US$), annual growth rate 7.73 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.4092 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -73.72 % change on previous year (2024)
- Gross value added at basic prices (GVA) 5.96 billion constant 2015 US$ (2024)
- Agriculture, forestry, and fishing, value added 23.72 million constant 2015 US$ (2024)
Frequently asked questions
- What is gdp, ppp (current international $), annual growth rate in Cayman Islands?
- Gdp, ppp (current international $), annual growth rate in Cayman Islands was 6.33 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp, ppp (current international $), annual growth rate recorded in Cayman Islands?
- The highest recorded value was 14.49 % change on previous year in 2021.
- What is the lowest gdp, ppp (current international $), annual growth rate recorded in Cayman Islands?
- The lowest recorded value was -7.22 % change on previous year in 2020.
- How does Cayman Islands rank for gdp, ppp (current international $), annual growth rate?
- Cayman Islands ranks 93rd out of 204 countries with data for 2024.
- Is gdp, ppp (current international $), annual growth rate rising or falling in Cayman Islands?
- Over the last ten years it is up 161.2%. 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, PPP (current international $), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP, PPP (current international $). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP, PPP International Comparison Program (ICP), World Bank (WB)
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, PPP (current international $). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.