PPP conversion factor, GDP in Cayman Islands
Cayman Islands: PPP conversion factor, GDP was 0.9426 LCU per international $ in 2024. ▬ Flat
PPP conversion factor, GDP in Cayman Islands, 2006–2024
Source: International Comparison Program (ICP), World Bank (WB). Measured in LCU per international $.
Analysis
In 2024, ppp conversion factor, gdp in Cayman Islands stood at 0.9426 LCU per international $.
The figure is down 0.1% on the previous year and down 5.2% over ten years.
Over the whole period, ppp conversion factor, gdp in Cayman Islands peaked at 1.04 LCU per international $ in 2020 and was at its lowest, 0.9415 LCU per international $, in 2011.
That places Cayman Islands 155th out of 205 countries with data for 2024, putting it in the bottom quarter.
PPP conversion factor, GDP in Cayman Islands, year by year
| Year | LCU per international $ | Change |
|---|---|---|
| 2006 | 0.9652 LCU per international $ | — |
| 2007 | 0.9686 LCU per international $ | +0.4% |
| 2008 | 0.9792 LCU per international $ | +1.1% |
| 2009 | 0.9792 LCU per international $ | -0.0% |
| 2010 | 0.9654 LCU per international $ | -1.4% |
| 2011 | 0.9415 LCU per international $ | -2.5% |
| 2012 | 0.9669 LCU per international $ | +2.7% |
| 2013 | 0.9834 LCU per international $ | +1.7% |
| 2014 | 0.9944 LCU per international $ | +1.1% |
| 2015 | 0.9944 LCU per international $ | -0.0% |
| 2016 | 0.9871 LCU per international $ | -0.7% |
| 2017 | 0.9808 LCU per international $ | -0.6% |
| 2018 | 0.9732 LCU per international $ | -0.8% |
| 2019 | 1.01 LCU per international $ | +4.0% |
| 2020 | 1.04 LCU per international $ | +2.6% |
| 2021 | 0.9714 LCU per international $ | -6.4% |
| 2022 | 0.9423 LCU per international $ | -3.0% |
| 2023 | 0.9433 LCU per international $ | +0.1% |
| 2024 | 0.9426 LCU per international $ | -0.1% |
Cayman Islands compared with similar countries
- Cayman Islands's 0.9426 LCU per international $ is below the median for high income countries, which is 1 LCU per international $, 94% of the median. (75 countries reporting)
- Cayman Islands's 0.9426 LCU per international $ is below the median for Latin America & Caribbean, which is 1.86 LCU per international $, 51% of the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.973 LCU per international $ | 0.9652 LCU per international $ | 0.9792 LCU per international $ | 4 |
| 2010s | 0.9799 LCU per international $ | 0.9415 LCU per international $ | 1.01 LCU per international $ | 10 |
| 2020s | 0.9675 LCU per international $ | 0.9423 LCU per international $ | 1.04 LCU per international $ | 5 |
Countries ranked near Cayman Islands
- 152 Micronesia (country) 0.9587 LCU per international $ compare
- 153 Bahamas 0.9563 LCU per international $ compare
- 154 Marshall Islands 0.947 LCU per international $ compare
- 156 Fiji 0.9347 LCU per international $ compare
- 157 Switzerland 0.9307 LCU per international $ compare
- 158 Tunisia 0.916 LCU per international $ 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 ppp conversion factor, gdp in Cayman Islands?
- Ppp conversion factor, gdp in Cayman Islands was 0.9426 LCU per international $ in 2024, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest ppp conversion factor, gdp recorded in Cayman Islands?
- The highest recorded value was 1.04 LCU per international $ in 2020.
- What is the lowest ppp conversion factor, gdp recorded in Cayman Islands?
- The lowest recorded value was 0.9415 LCU per international $ in 2011.
- How does Cayman Islands rank for ppp conversion factor, gdp?
- Cayman Islands ranks 155th out of 205 countries with data for 2024.
- Is ppp conversion factor, gdp rising or falling in Cayman Islands?
- Over the last ten years it is down 5.2%. The long-run trend across the full record is flat.
- Where does this Cayman Islands data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of PPP conversion factor, GDP (LCU per international $). Statizoid updates them automatically from the source API.
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About this data
The purchasing power parity (PPP) conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for the level of GDP and the base currency is the US dollar.