Inflation, GDP deflator (annual %) in Cayman Islands
Cayman Islands: Inflation, GDP deflator (annual %) was 2.4% in 2024. ◆ Volatile
Inflation, GDP deflator in Cayman Islands, 2007–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
Cayman Islands recorded 2.4% for inflation, gdp deflator in 2024.
Compared with earlier readings it is down 37.1% on the previous year and up 171.0% over ten years.
Over the whole period, inflation, gdp deflator in Cayman Islands peaked at 3.9% in 2022 and was at its lowest, -0.5%, in 2011.
That places Cayman Islands 141st out of 214 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.
Inflation, GDP deflator (annual %) in Cayman Islands, year by year
| Year | annual % | Change |
|---|---|---|
| 2007 | 3.1% | — |
| 2008 | 3.0% | -0.8% |
| 2009 | 0.6% | -80.0% |
| 2010 | -0.2% | -133.8% |
| 2011 | -0.5% | +123.1% |
| 2012 | 1.3% | -373.9% |
| 2013 | 1.4% | +9.3% |
| 2014 | 0.9% | -35.7% |
| 2015 | 0.3% | -61.4% |
| 2016 | 1.0% | +192.5% |
| 2017 | 2.0% | +98.7% |
| 2018 | 2.7% | +34.0% |
| 2019 | 3.4% | +27.5% |
| 2020 | 0.1% | -95.9% |
| 2021 | 2.2% | +1473.7% |
| 2022 | 3.9% | +77.7% |
| 2023 | 3.8% | -2.0% |
| 2024 | 2.4% | -37.1% |
Cayman Islands compared with similar countries
- Cayman Islands's 2.4% is below the median for high income countries, which is 2.6%, 92% of the median. (82 countries reporting)
- Cayman Islands's 2.4% is below the median for Latin America & Caribbean, which is 3.4%, 72% of the median. (40 countries reporting)
Biggest year-on-year movements
Years where Inflation, GDP deflator (annual %) 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 |
|---|---|---|---|
| 2021 | +1473.7% | 0.1% | 2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.2% | 0.6% | 3.1% | 3 |
| 2010s | 1.2% | -0.5% | 3.4% | 10 |
| 2020s | 2.5% | 0.1% | 3.9% | 5 |
Countries ranked near Cayman Islands
More economy & growth data for Cayman Islands
- Foreign direct investment, net inflows (BoP, current US$), annual -73.72 % change on previous year (2024)
- Foreign direct investment, net outflows (BoP, current US$), 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 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 inflows 40.9% (2024)
- Inflation, consumer prices -0.6% (2016)
- Total reserves minus gold 270.42 million current US$ (2025)
- Total reserves 270.42 million includes gold, current US$ (2025)
- GDP deflator 123.6 base year varies by country (2024)
Frequently asked questions
- What is inflation, gdp deflator in Cayman Islands?
- Inflation, gdp deflator in Cayman Islands was 2.4% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Cayman Islands?
- The highest recorded value was 3.9% in 2022.
- What is the lowest inflation, gdp deflator recorded in Cayman Islands?
- The lowest recorded value was -0.5% in 2011.
- How does Cayman Islands rank for inflation, gdp deflator?
- Cayman Islands ranks 141st out of 214 countries with data for 2024.
- Is inflation, gdp deflator rising or falling in Cayman Islands?
- Over the last ten years it is up 171.0%. The long-run trend across the full record is volatile.
- Where does this Cayman Islands data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.