GDP, PPP in Cayman Islands
Cayman Islands: GDP, PPP was 6.03 billion constant 2021 international $ in 2024. ▲ Rising
GDP, PPP in Cayman Islands, 2006–2024
Source: International Comparison Program (ICP), World Bank (WB). Measured in constant 2021 international $.
Analysis
Cayman Islands recorded 6.03 billion constant 2021 international $ for gdp, ppp in 2024. That is the highest value across all 19 years on record.
That represents a change of up 3.8% on the previous year and up 37.2% over ten years.
Over the whole period, gdp, ppp in Cayman Islands peaked at 6.03 billion constant 2021 international $ in 2024 and was at its lowest, 4.13 billion constant 2021 international $, in 2010.
Cayman Islands ranks 168th of 199 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.46 billion constant 2021 international $ | 4.24 billion constant 2021 international $ | 4.59 billion constant 2021 international $ | 4 |
| 2010s | 4.54 billion constant 2021 international $ | 4.13 billion constant 2021 international $ | 5.22 billion constant 2021 international $ | 10 |
| 2020s | 5.50 billion constant 2021 international $ | 4.96 billion constant 2021 international $ | 6.03 billion constant 2021 international $ | 5 |
Countries ranked near Cayman Islands
- 165 Guinea-Bissau 6.33 billion constant 2021 international $ compare
- 166 Barbados 6.25 billion constant 2021 international $ compare
- 167 Central African Republic 6.19 billion constant 2021 international $ compare
- 169 East Timor 5.83 billion constant 2021 international $ compare
- 170 Andorra 5.64 billion constant 2021 international $ compare
- 171 Cape Verde 5.48 billion constant 2021 international $ compare
More economy & growth data for Cayman Islands
- GDP deflator 123.6 base year varies by country (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 4.57 billion constant LCU (2024)
- Services, value added 86.5% (2024)
- Inflation, GDP deflator 2.4% (2024)
- Gross value added at basic prices (GVA) 4.96 billion constant LCU (2024)
Frequently asked questions
- What is gdp, ppp in Cayman Islands?
- Gdp, ppp in Cayman Islands was 6.03 billion constant 2021 international $ in 2024, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest gdp, ppp recorded in Cayman Islands?
- The highest recorded value was 6.03 billion constant 2021 international $ in 2024.
- What is the lowest gdp, ppp recorded in Cayman Islands?
- The lowest recorded value was 4.13 billion constant 2021 international $ in 2010.
- How does Cayman Islands rank for gdp, ppp?
- Cayman Islands ranks 168th out of 199 countries with data for 2024.
- Is gdp, ppp rising or falling in Cayman Islands?
- Over the last ten years it is up 37.2%. The long-run trend across the full record is rising.
- Where does this Cayman Islands data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of GDP, PPP (constant 2021 international $). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
This indicator provides values for gross domestic product (GDP) expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. 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 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 2021. The 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 GDP and its expenditure components.