GDP growth in Cayman Islands
Cayman Islands: GDP growth was 3.8% in 2024. ◆ Volatile
GDP growth in Cayman Islands, 2007–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
Cayman Islands recorded 3.8% for gdp growth in 2024.
Compared with earlier readings it is down 35.3% on the previous year and up 41.5% over ten years.
Over the whole period, gdp growth in Cayman Islands peaked at 5.8% in 2023 and was at its lowest, -7.2%, in 2009.
That places Cayman Islands 88th 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.5% | -7.2% | 3.2% | 3 |
| 2010s | 2.1% | -2.7% | 4.3% | 10 |
| 2020s | 3.0% | -5.0% | 5.8% | 5 |
Countries ranked near Cayman Islands
More economy & growth data for Cayman Islands
- Services, value added 86.5% (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)
- Total reserves 252.10 million includes gold, current US$ (2024)
- Services, value added 3.9% (2024)
- Services, value added 4.57 billion constant LCU (2024)
- Gross value added at basic prices (GVA) 6.12 billion current LCU (2024)
- Gross value added at basic prices (GVA) 7.35 billion current US$ (2024)
Frequently asked questions
- What is gdp growth in Cayman Islands?
- Gdp growth in Cayman Islands was 3.8% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp growth recorded in Cayman Islands?
- The highest recorded value was 5.8% in 2023.
- What is the lowest gdp growth recorded in Cayman Islands?
- The lowest recorded value was -7.2% in 2009.
- How does Cayman Islands rank for gdp growth?
- Cayman Islands ranks 88th out of 214 countries with data for 2024.
- Is gdp growth rising or falling in Cayman Islands?
- Over the last ten years it is up 41.5%. 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 Organizations and/or Central Banks, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.