GDP growth — all countries

GDP growth — Cayman Islands

GDP growth in the Cayman Islands in 2024 — 3.76%. Ranked 83 in the world out of 200. Since 2007, the indicator has risen by 0.59 pp.

2024 3.76% −2.05 pp vs 2023
World rank 83of 200
Period maximum 5.8%2023
Period minimum -7.2%2009

Trend over time

2007–2024 · % per year

GDP growth — Cayman Islands, 2007–2024-10-5051020072009201120132015201720192021202320242007: 3.16%2008: -0.36%2009: -7.2%2010: -2.72%2011: 1.17%2012: 1.23%2013: 1.28%2014: 2.65%2015: 2.83%2016: 3.24%2017: 3.18%2018: 4.27%2019: 3.92%2020: -4.95%2021: 4.87%2022: 5.66%2023: 5.8%2024: 3.76%
Change over the period: +0.59 pp Annual average: 0.03 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Cayman Islands

Cayman Islands 3.76%
World 2.9%
Caribbean computed 3.12%
High-income countries computed 2.02%
GDP growth — Cayman Islands, by year Cayman Islands All countries CSV XLSX
Year % Change, pp
2024 3.76 −2.05 pp
2023 5.8 +0.14 pp
2022 5.66 +0.79 pp
2021 4.87 +9.82 pp
2020 -4.95 −8.87 pp
2019 3.92 −0.35 pp
2018 4.27 +1.08 pp
2017 3.18 −0.06 pp
2016 3.24 +0.41 pp
2015 2.83 +0.18 pp
2014 2.65 +1.38 pp
2013 1.28 +0.05 pp
2012 1.23 +0.06 pp
2011 1.17 +3.88 pp
2010 -2.72 +4.48 pp
2009 -7.2 −6.84 pp
2008 -0.36 −3.52 pp
2007 3.16

About the indicator

The annual growth rate of gross domestic product in constant local currency prices. Because the calculation runs in constant prices, the indicator is clear of inflation and of exchange rate swings, so it shows the real movement of the economy. Two consecutive quarters of negative values are conventionally called a technical recession, but the data here are annual.

Source: World Development Indicators (World Bank), license CC BY 4.0.