GDP per capita in Cayman Islands
Cayman Islands: GDP per capita was 84,382 constant 2015 US$ in 2024. ▼ Falling
GDP per capita in Cayman Islands, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2024, gdp per capita in Cayman Islands stood at 84,382 constant 2015 US$.
Compared with earlier readings it is up 1.8% on the previous year and up 10.9% over ten years.
Over the whole period, gdp per capita in Cayman Islands peaked at 96,203 constant 2015 US$ in 2007 and was at its lowest, 75,200 constant 2015 US$, in 2020.
That places Cayman Islands 6th out of 211 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 19 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 92,346 constant 2015 US$ | 84,001 constant 2015 US$ | 96,203 constant 2015 US$ | 4 |
| 2010s | 77,808 constant 2015 US$ | 76,039 constant 2015 US$ | 80,715 constant 2015 US$ | 10 |
| 2020s | 79,938 constant 2015 US$ | 75,200 constant 2015 US$ | 84,382 constant 2015 US$ | 5 |
Countries ranked near Cayman Islands
- 3 Ireland 104,417 constant 2015 US$ compare
- 4 Luxembourg 103,292 constant 2015 US$ compare
- 5 Switzerland 93,328 constant 2015 US$ compare
- 7 Isle of Man 84,315 constant 2015 US$ compare
- 8 Norway 83,813 constant 2015 US$ compare
- 9 Singapore 70,684 constant 2015 US$ compare
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 per capita in Cayman Islands?
- Gdp per capita in Cayman Islands was 84,382 constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp per capita recorded in Cayman Islands?
- The highest recorded value was 96,203 constant 2015 US$ in 2007.
- What is the lowest gdp per capita recorded in Cayman Islands?
- The lowest recorded value was 75,200 constant 2015 US$ in 2020.
- How does Cayman Islands rank for gdp per capita?
- Cayman Islands ranks 6th out of 211 countries with data for 2024.
- Is gdp per capita rising or falling in Cayman Islands?
- Over the last ten years it is up 10.9%. The long-run trend across the full record is falling.
- 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 per capita (constant 2015 US$). 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. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.