Gross Domestic Product — Value Standard Local Currency, annual growth in Cayman Islands
Cayman Islands: Gross Domestic Product — Value Standard Local Currency, annual growth was 5.95 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Cayman Islands, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Cayman Islands recorded 5.95 % change on previous year for gross domestic product — value standard local currency, annual growth in 2024.
The figure is down 25.3% on the previous year and up 67.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Cayman Islands peaked at 39.39 % change on previous year in 1983 and was at its lowest, -6.64 % change on previous year, in 2009.
Cayman Islands ranks 133rd of 218 countries on this measure, 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 — Value Standard Local Currency, annual growth in Cayman Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 26.03 % change on previous year | — |
| 1972 | 27.65 % change on previous year | +6.2% |
| 1973 | 33.15 % change on previous year | +19.9% |
| 1974 | 19.3 % change on previous year | -41.8% |
| 1975 | 19.3 % change on previous year | +0.0% |
| 1976 | 19.3 % change on previous year | +0.0% |
| 1977 | 19.3 % change on previous year | +0.0% |
| 1978 | 19.3 % change on previous year | +0.0% |
| 1979 | 19.3 % change on previous year | -0.0% |
| 1980 | 19.3 % change on previous year | +0.0% |
| 1981 | 19.3 % change on previous year | -0.0% |
| 1982 | 19.3 % change on previous year | +0.0% |
| 1983 | 39.39 % change on previous year | +104.1% |
| 1984 | 12.44 % change on previous year | -68.4% |
| 1985 | 8.2 % change on previous year | -34.1% |
| 1986 | 9.85 % change on previous year | +20.1% |
| 1987 | 16.9 % change on previous year | +71.6% |
| 1988 | 22.12 % change on previous year | +30.9% |
| 1989 | 14.49 % change on previous year | -34.5% |
| 1990 | 24.47 % change on previous year | +68.9% |
| 1991 | 4.41 % change on previous year | -82.0% |
| 1992 | 6.01 % change on previous year | +36.3% |
| 1993 | 7.43 % change on previous year | +23.7% |
| 1994 | 8.57 % change on previous year | +15.3% |
| 1995 | 8 % change on previous year | -6.7% |
| 1996 | 8.5 % change on previous year | +6.3% |
| 1997 | 8.91 % change on previous year | +4.8% |
| 1998 | 31.21 % change on previous year | +250.3% |
| 1999 | 8.42 % change on previous year | -73.0% |
| 2000 | 4.51 % change on previous year | -46.4% |
| 2001 | 2.59 % change on previous year | -42.7% |
| 2002 | 4.29 % change on previous year | +65.9% |
| 2003 | 3.7 % change on previous year | -13.8% |
| 2004 | 5.34 % change on previous year | +44.1% |
| 2005 | 14.28 % change on previous year | +167.5% |
| 2006 | 5.43 % change on previous year | -61.9% |
| 2007 | 5.65 % change on previous year | +3.9% |
| 2008 | 2.68 % change on previous year | -52.5% |
| 2009 | -6.64 % change on previous year | -347.7% |
| 2010 | -2.92 % change on previous year | -56.1% |
| 2011 | 0.7047 % change on previous year | -124.2% |
| 2012 | 2.51 % change on previous year | +255.7% |
| 2013 | 2.68 % change on previous year | +6.7% |
| 2014 | 3.56 % change on previous year | +33.3% |
| 2015 | 3.18 % change on previous year | -10.7% |
| 2016 | 4.27 % change on previous year | +34.2% |
| 2017 | 5.23 % change on previous year | +22.5% |
| 2018 | 7.04 % change on previous year | +34.6% |
| 2019 | 7.45 % change on previous year | +5.7% |
| 2020 | -4.82 % change on previous year | -164.8% |
| 2021 | 7.16 % change on previous year | -248.4% |
| 2022 | 8.92 % change on previous year | +24.7% |
| 2023 | 7.97 % change on previous year | -10.6% |
| 2024 | 5.95 % change on previous year | -25.3% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth 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 | -347.7% | 2.68 % change on previous year | -6.64 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.51 % change on previous year | 19.3 % change on previous year | 33.15 % change on previous year | 9 |
| 1980s | 18.13 % change on previous year | 8.2 % change on previous year | 39.39 % change on previous year | 10 |
| 1990s | 11.59 % change on previous year | 4.41 % change on previous year | 31.21 % change on previous year | 10 |
| 2000s | 4.18 % change on previous year | -6.64 % change on previous year | 14.28 % change on previous year | 10 |
| 2010s | 3.37 % change on previous year | -2.92 % change on previous year | 7.45 % change on previous year | 10 |
| 2020s | 5.04 % change on previous year | -4.82 % change on previous year | 8.92 % change on previous year | 5 |
Countries ranked near Cayman Islands
- 130 Republic of Korea 6.16 % change on previous year compare
- 131 Indonesia 5.97 % change on previous year compare
- 132 Turkmenistan 5.96 % change on previous year compare
- 134 Malaysia 5.94 % change on previous year compare
- 135 Maldives 5.85 % change on previous year compare
- 136 Slovakia 5.78 % change on previous year 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 — value standard local currency, annual growth in Cayman Islands?
- Gross domestic product — value standard local currency, annual growth in Cayman Islands was 5.95 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Cayman Islands?
- The highest recorded value was 39.39 % change on previous year in 1983.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Cayman Islands?
- The lowest recorded value was -6.64 % change on previous year in 2009.
- How does Cayman Islands rank for gross domestic product — value standard local currency, annual growth?
- Cayman Islands ranks 133rd out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Cayman Islands?
- Over the last ten years it is up 67.0%. 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 — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.