GDP, PPP in Cayman Islands
Cayman Islands: GDP, PPP was 6.87 billion current international $ in 2024. ▲ Rising
GDP, PPP in Cayman Islands, 2006–2024
Source: International Comparison Program (ICP), World Bank (WB). Measured in current international $.
Analysis
In 2024, gdp, ppp in Cayman Islands stood at 6.87 billion current international $. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 6.3% on the previous year and up 79.5% over ten years.
Over the whole period, gdp, ppp in Cayman Islands peaked at 6.87 billion current international $ in 2024 and was at its lowest, 3.59 billion current international $, in 2010.
That places Cayman Islands 172nd out of 204 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
GDP, PPP in Cayman Islands, year by year
| Year | current international $ | Change |
|---|---|---|
| 2006 | 3.63 billion current international $ | — |
| 2007 | 3.84 billion current international $ | +6.0% |
| 2008 | 3.90 billion current international $ | +1.6% |
| 2009 | 3.64 billion current international $ | -6.6% |
| 2010 | 3.59 billion current international $ | -1.5% |
| 2011 | 3.70 billion current international $ | +3.3% |
| 2012 | 3.70 billion current international $ | -0.2% |
| 2013 | 3.73 billion current international $ | +0.9% |
| 2014 | 3.82 billion current international $ | +2.4% |
| 2015 | 3.95 billion current international $ | +3.2% |
| 2016 | 4.14 billion current international $ | +5.0% |
| 2017 | 4.39 billion current international $ | +5.9% |
| 2018 | 4.74 billion current international $ | +7.9% |
| 2019 | 4.89 billion current international $ | +3.4% |
| 2020 | 4.54 billion current international $ | -7.2% |
| 2021 | 5.20 billion current international $ | +14.5% |
| 2022 | 5.88 billion current international $ | +13.2% |
| 2023 | 6.46 billion current international $ | +9.7% |
| 2024 | 6.87 billion current international $ | +6.3% |
Cayman Islands compared with similar countries
- Cayman Islands's 6.87 billion current international $ is below the median for high income countries, which is 249.67 billion current international $, 3% of the median. (74 countries reporting)
- Cayman Islands's 6.87 billion current international $ is below the median for Latin America & Caribbean, which is 65.06 billion current international $, 11% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.75 billion current international $ | 3.63 billion current international $ | 3.90 billion current international $ | 4 |
| 2010s | 4.07 billion current international $ | 3.59 billion current international $ | 4.89 billion current international $ | 10 |
| 2020s | 5.79 billion current international $ | 4.54 billion current international $ | 6.87 billion current international $ | 5 |
Countries ranked near Cayman Islands
- 169 Guinea-Bissau 7.41 billion current international $ compare
- 170 Barbados 7.32 billion current international $ compare
- 171 Central African Republic 7.24 billion current international $ compare
- 173 East Timor 6.82 billion current international $ compare
- 174 Andorra 6.60 billion current international $ compare
- 175 Cape Verde 6.42 billion current international $ 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)
- Services, value added 86.5% (2024)
- Industry (including construction), value added 7.6% (2024)
- Services, value added 6.72 billion current US$ (2024)
- Services, value added 5.60 billion current LCU (2024)
- Foreign direct investment, net inflows 40.9% (2024)
- Foreign direct investment, net inflows 3.18 billion BoP, current US$ (2024)
Frequently asked questions
- What is gdp, ppp in Cayman Islands?
- Gdp, ppp in Cayman Islands was 6.87 billion current international $ in 2024, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest gdp, ppp recorded in Cayman Islands?
- The highest recorded value was 6.87 billion current international $ in 2024.
- What is the lowest gdp, ppp recorded in Cayman Islands?
- The lowest recorded value was 3.59 billion current international $ in 2010.
- How does Cayman Islands rank for gdp, ppp?
- Cayman Islands ranks 172nd out of 204 countries with data for 2024.
- Is gdp, ppp rising or falling in Cayman Islands?
- Over the last ten years it is up 79.5%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of GDP, PPP (current international $). Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. 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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.