GDP per capita growth — all countries

GDP per capita growth — Cayman Islands

GDP per capita growth in the Cayman Islands in 2024 — 1.78%. Ranked 122 in the world out of 200. Since 2007, the indicator has risen by 1.64 pp.

2024 1.78% −1.93 pp vs 2023
World rank 122of 200
Period maximum 3.71%2023
Period minimum -9.79%2009

Trend over time

2007–2024 · % per year

GDP per capita growth — Cayman Islands, 2007–2024-10-50520072009201120132015201720192021202320242007: 0.14%2008: -3.21%2009: -9.79%2010: -5.38%2011: -1.57%2012: -1.48%2013: -1.34%2014: 0.09%2015: 0.36%2016: 0.85%2017: 0.89%2018: 2.04%2019: 1.78%2020: -6.83%2021: 2.74%2022: 3.47%2023: 3.71%2024: 1.78%
Change over the period: +1.64 pp Annual average: 0.1 pp

Comparison, 2024

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

Cayman Islands 1.78%
World 1.91%
Caribbean computed 2.67%
High-income countries computed 1.13%
GDP per capita growth — Cayman Islands, by year Cayman Islands All countries CSV XLSX
Year % Change, pp
2024 1.78 −1.93 pp
2023 3.71 +0.24 pp
2022 3.47 +0.73 pp
2021 2.74 +9.57 pp
2020 -6.83 −8.61 pp
2019 1.78 −0.27 pp
2018 2.04 +1.15 pp
2017 0.89 +0.04 pp
2016 0.85 +0.49 pp
2015 0.36 +0.27 pp
2014 0.09 +1.43 pp
2013 -1.34 +0.14 pp
2012 -1.48 +0.09 pp
2011 -1.57 +3.81 pp
2010 -5.38 +4.41 pp
2009 -9.79 −6.58 pp
2008 -3.21 −3.35 pp
2007 0.14

About the indicator

The annual growth of gross domestic product per person in constant prices. It differs from ordinary GDP growth by the rate of population growth, and in countries with fast-growing populations the difference runs to two or three percentage points a year — enough for brisk economic growth to mean stagnant income per person. It is this indicator, not GDP growth, that matches the everyday question of whether life has become better.

Important: It can be negative while GDP growth is positive — in that case the population is growing faster than the economy.

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