Gross domestic product (GDP), annual growth rate in Cayman Islands
Cayman Islands: Gross domestic product (GDP), annual growth rate was 3.76 % change on previous year in 2024. ◆ Volatile
Gross domestic product (GDP), annual growth rate in Cayman Islands, 2007–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product (gdp), annual growth rate in Cayman Islands stood at 3.76 % change on previous year.
The figure is down 35.3% on the previous year and up 41.5% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Cayman Islands peaked at 5.8 % change on previous year in 2023 and was at its lowest, -7.2 % change on previous year, in 2009.
That places Cayman Islands 83rd out of 198 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.
Gross domestic product (GDP), annual growth rate in Cayman Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | 3.16 % change on previous year | — |
| 2008 | -0.3574 % change on previous year | -111.3% |
| 2009 | -7.2 % change on previous year | +1914.5% |
| 2010 | -2.72 % change on previous year | -62.3% |
| 2011 | 1.17 % change on previous year | -143.0% |
| 2012 | 1.23 % change on previous year | +5.2% |
| 2013 | 1.28 % change on previous year | +4.0% |
| 2014 | 2.65 % change on previous year | +107.5% |
| 2015 | 2.83 % change on previous year | +6.7% |
| 2016 | 3.24 % change on previous year | +14.4% |
| 2017 | 3.18 % change on previous year | -1.7% |
| 2018 | 4.27 % change on previous year | +34.0% |
| 2019 | 3.92 % change on previous year | -8.2% |
| 2020 | -4.95 % change on previous year | -226.5% |
| 2021 | 4.87 % change on previous year | -198.3% |
| 2022 | 5.66 % change on previous year | +16.3% |
| 2023 | 5.8 % change on previous year | +2.5% |
| 2024 | 3.76 % change on previous year | -35.3% |
Cayman Islands compared with similar countries
- Cayman Islands's 3.76 % change on previous year is above the median for high income countries, which is 2.15 % change on previous year, 1.7× the median. (74 countries reporting)
- Cayman Islands's 3.76 % change on previous year is above the median for Latin America & Caribbean, which is 3.39 % change on previous year, 1.1× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate 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 |
|---|---|---|---|
| 2009 | -1914.5% | -0.3574 % change on previous year | -7.2 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.47 % change on previous year | -7.2 % change on previous year | 3.16 % change on previous year | 3 |
| 2010s | 2.11 % change on previous year | -2.72 % change on previous year | 4.27 % change on previous year | 10 |
| 2020s | 3.03 % change on previous year | -4.95 % change on previous year | 5.8 % change on previous year | 5 |
Countries ranked near Cayman Islands
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 gross domestic product (gdp), annual growth rate in Cayman Islands?
- Gross domestic product (gdp), annual growth rate in Cayman Islands was 3.76 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Cayman Islands?
- The highest recorded value was 5.8 % change on previous year in 2023.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Cayman Islands?
- The lowest recorded value was -7.2 % change on previous year in 2009.
- How does Cayman Islands rank for gross domestic product (gdp), annual growth rate?
- Cayman Islands ranks 83rd out of 198 countries with data for 2024.
- Is gross domestic product (gdp), annual growth rate rising or falling in Cayman Islands?
- Over the last ten years it is up 41.5%. 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 Gross domestic product (GDP), 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 Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data
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 Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.