Inflation, GDP deflator in Cayman Islands
Cayman Islands: Inflation, GDP deflator 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 139th out of 212 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 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% |
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
- GNI (current LCU), annual growth rate 14.45 % change on previous year (2024)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Manufacturing value added to gdp, per capita 0 units per person (2024)
- Net primary income (Net income from abroad) (current LCU), annual 18.32 % change on previous year (2024)
- Net primary income (Net income from abroad) (current US$), annual 18.32 % change on previous year (2024)
- GNI (current LCU), per capita 70,198 current LCU per person (2024)
- GNI (current LCU), per unit of GDP 0.6731 current LCU per US$ of GDP (2024)
- GNI, Atlas method (current US$), per unit of GDP 0.7854 current US$ per US$ of GDP (2024)
- GNI, Atlas method (current US$), per capita 81,916 current US$ per person (2024)
- GNI (current US$), annual growth rate 14.45 % change on previous year (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 139th out of 212 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.