Gross domestic product (GDP), per unit of GDP in Cayman Islands
Cayman Islands: Gross domestic product (GDP), per unit of GDP was 0.7766 international-$ in 2021 prices per US$ of GDP in 2024. ▼ Falling
Gross domestic product (GDP), per unit of GDP in Cayman Islands, 2006–2024
Source: Statizoid (derived). Measured in international-$ in 2021 prices per US$ of GDP.
Analysis
Cayman Islands recorded 0.7766 international-$ in 2021 prices per US$ of GDP for gross domestic product (gdp), per unit of gdp in 2024. That is the lowest value across all 19 years on record.
That represents a change of down 2.3% on the previous year and down 19.4% over ten years.
Over the whole period, gross domestic product (gdp), per unit of gdp in Cayman Islands peaked at 1.06 international-$ in 2021 prices per US$ of GDP in 2006 and was at its lowest, 0.7766 international-$ in 2021 prices per US$ of GDP, in 2024.
That places Cayman Islands 195th out of 198 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Gross domestic product (GDP), per unit of GDP in Cayman Islands, year by year
| Year | international-$ in 2021 prices per US$ of GDP | Change |
|---|---|---|
| 2006 | 1.06 international-$ in 2021 prices per US$ of GDP | — |
| 2007 | 1.03 international-$ in 2021 prices per US$ of GDP | -3.0% |
| 2008 | 0.9969 international-$ in 2021 prices per US$ of GDP | -3.0% |
| 2009 | 0.9909 international-$ in 2021 prices per US$ of GDP | -0.6% |
| 2010 | 0.9929 international-$ in 2021 prices per US$ of GDP | +0.2% |
| 2011 | 0.9975 international-$ in 2021 prices per US$ of GDP | +0.5% |
| 2012 | 0.9851 international-$ in 2021 prices per US$ of GDP | -1.2% |
| 2013 | 0.9717 international-$ in 2021 prices per US$ of GDP | -1.4% |
| 2014 | 0.9632 international-$ in 2021 prices per US$ of GDP | -0.9% |
| 2015 | 0.9599 international-$ in 2021 prices per US$ of GDP | -0.3% |
| 2016 | 0.9504 international-$ in 2021 prices per US$ of GDP | -1.0% |
| 2017 | 0.9319 international-$ in 2021 prices per US$ of GDP | -1.9% |
| 2018 | 0.9077 international-$ in 2021 prices per US$ of GDP | -2.6% |
| 2019 | 0.8779 international-$ in 2021 prices per US$ of GDP | -3.3% |
| 2020 | 0.8767 international-$ in 2021 prices per US$ of GDP | -0.1% |
| 2021 | 0.8578 international-$ in 2021 prices per US$ of GDP | -2.1% |
| 2022 | 0.8257 international-$ in 2021 prices per US$ of GDP | -3.8% |
| 2023 | 0.7953 international-$ in 2021 prices per US$ of GDP | -3.7% |
| 2024 | 0.7766 international-$ in 2021 prices per US$ of GDP | -2.3% |
Cayman Islands compared with similar countries
- Cayman Islands's 0.7766 international-$ in 2021 prices per US$ of GDP is below the median for high income countries, which is 1.24 international-$ in 2021 prices per US$ of GDP, 63% of the median. (74 countries reporting)
- Cayman Islands's 0.7766 international-$ in 2021 prices per US$ of GDP is below the median for Latin America & Caribbean, which is 1.64 international-$ in 2021 prices per US$ of GDP, 47% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.02 international-$ in 2021 prices per US$ of GDP | 0.9909 international-$ in 2021 prices per US$ of GDP | 1.06 international-$ in 2021 prices per US$ of GDP | 4 |
| 2010s | 0.9538 international-$ in 2021 prices per US$ of GDP | 0.8779 international-$ in 2021 prices per US$ of GDP | 0.9975 international-$ in 2021 prices per US$ of GDP | 10 |
| 2020s | 0.8264 international-$ in 2021 prices per US$ of GDP | 0.7766 international-$ in 2021 prices per US$ of GDP | 0.8767 international-$ in 2021 prices per US$ of GDP | 5 |
Countries ranked near Cayman Islands
- 192 Nauru 0.8289 international-$ in 2021 prices per US$ of GDP compare
- 193 Israel 0.7988 international-$ in 2021 prices per US$ of GDP compare
- 194 Barbados 0.7801 international-$ in 2021 prices per US$ of GDP compare
- 196 Switzerland 0.747 international-$ in 2021 prices per US$ of GDP compare
- 197 Bermuda 0.7332 international-$ in 2021 prices per US$ of GDP compare
- 198 Iceland 0.6923 international-$ in 2021 prices 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 gross domestic product (gdp), per unit of gdp in Cayman Islands?
- Gross domestic product (gdp), per unit of gdp in Cayman Islands was 0.7766 international-$ in 2021 prices per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per unit of gdp recorded in Cayman Islands?
- The highest recorded value was 1.06 international-$ in 2021 prices per US$ of GDP in 2006.
- What is the lowest gross domestic product (gdp), per unit of gdp recorded in Cayman Islands?
- The lowest recorded value was 0.7766 international-$ in 2021 prices per US$ of GDP in 2024.
- How does Cayman Islands rank for gross domestic product (gdp), per unit of gdp?
- Cayman Islands ranks 195th out of 198 countries with data for 2024.
- Is gross domestic product (gdp), 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 Gross domestic product (GDP), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross domestic product (GDP) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross domestic product (GDP) ÷ GDP (current US$)
Computed from
- Gross domestic product (GDP) Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data
- 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
Gross domestic product (GDP) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.