Gross domestic product (GDP) in Cayman Islands
Cayman Islands: Gross domestic product (GDP) was 6.03 billion international-$ in 2021 prices in 2024. ▲ Rising
Latest (2024)
6.03 billion international-$ in 2021 prices
Change on year
up 3.8%
World rank
167th
of 198 countries
All-time high
6.03 billion international-$ in 2021 prices
in 2024
All-time low
4.13 billion international-$ in 2021 prices
in 2010
Years of data
19
2006–2024
Gross domestic product (GDP) in Cayman Islands, 2006–2024
Source: Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
The most recent figure for gross domestic product (gdp) in Cayman Islands is 6.03 billion international-$ in 2021 prices, measured in 2024. That is the highest value across all 19 years on record.
The figure is up 3.8% on the previous year and up 37.2% over ten years.
Over the whole period, gross domestic product (gdp) in Cayman Islands peaked at 6.03 billion international-$ in 2021 prices in 2024 and was at its lowest, 4.13 billion international-$ in 2021 prices, in 2010.
That places Cayman Islands 167th out of 198 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.
Gross domestic product (GDP) in Cayman Islands, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 2006 | 4.45 billion international-$ in 2021 prices | — |
| 2007 | 4.59 billion international-$ in 2021 prices | +3.2% |
| 2008 | 4.57 billion international-$ in 2021 prices | -0.4% |
| 2009 | 4.24 billion international-$ in 2021 prices | -7.2% |
| 2010 | 4.13 billion international-$ in 2021 prices | -2.7% |
| 2011 | 4.18 billion international-$ in 2021 prices | +1.2% |
| 2012 | 4.23 billion international-$ in 2021 prices | +1.2% |
| 2013 | 4.28 billion international-$ in 2021 prices | +1.3% |
| 2014 | 4.39 billion international-$ in 2021 prices | +2.7% |
| 2015 | 4.52 billion international-$ in 2021 prices | +2.8% |
| 2016 | 4.67 billion international-$ in 2021 prices | +3.2% |
| 2017 | 4.81 billion international-$ in 2021 prices | +3.2% |
| 2018 | 5.02 billion international-$ in 2021 prices | +4.3% |
| 2019 | 5.22 billion international-$ in 2021 prices | +3.9% |
| 2020 | 4.96 billion international-$ in 2021 prices | -5.0% |
| 2021 | 5.20 billion international-$ in 2021 prices | +4.9% |
| 2022 | 5.49 billion international-$ in 2021 prices | +5.7% |
| 2023 | 5.81 billion international-$ in 2021 prices | +5.8% |
| 2024 | 6.03 billion international-$ in 2021 prices | +3.8% |
Cayman Islands compared with similar countries
- Cayman Islands's 6.03 billion international-$ in 2021 prices is below the median for high income countries, which is 209.44 billion international-$ in 2021 prices, 3% of the median. (74 countries reporting)
- Cayman Islands's 6.03 billion international-$ in 2021 prices is below the median for Latin America & Caribbean, which is 49.49 billion international-$ in 2021 prices, 12% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.46 billion international-$ in 2021 prices | 4.24 billion international-$ in 2021 prices | 4.59 billion international-$ in 2021 prices | 4 |
| 2010s | 4.54 billion international-$ in 2021 prices | 4.13 billion international-$ in 2021 prices | 5.22 billion international-$ in 2021 prices | 10 |
| 2020s | 5.50 billion international-$ in 2021 prices | 4.96 billion international-$ in 2021 prices | 6.03 billion international-$ in 2021 prices | 5 |
Countries ranked near Cayman Islands
- 164 Guinea-Bissau 6.33 billion international-$ in 2021 prices compare
- 165 Barbados 6.25 billion international-$ in 2021 prices compare
- 166 Central African Republic 6.19 billion international-$ in 2021 prices compare
- 168 East Timor 5.83 billion international-$ in 2021 prices compare
- 169 Andorra 5.64 billion international-$ in 2021 prices compare
- 170 Cape Verde 5.48 billion international-$ in 2021 prices 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 gross domestic product (gdp) in Cayman Islands?
- Gross domestic product (gdp) in Cayman Islands was 6.03 billion international-$ in 2021 prices in 2024, according to Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Cayman Islands?
- The highest recorded value was 6.03 billion international-$ in 2021 prices in 2024.
- What is the lowest gross domestic product (gdp) recorded in Cayman Islands?
- The lowest recorded value was 4.13 billion international-$ in 2021 prices in 2010.
- How does Cayman Islands rank for gross domestic product (gdp)?
- Cayman Islands ranks 167th out of 198 countries with data for 2024.
- Is gross domestic product (gdp) rising or falling in Cayman Islands?
- Over the last ten years it is up 37.2%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.