Cayman Islands Economy
Latin America & Caribbean · High income · Capital: George Town
GDP Annual Growth Rate in the Cayman Islands decreased to 3.76 percent in 2024 from 5.80 percent in 2023. Inflation Rate in the Cayman Islands increased to -0.63 percent in 2016 from -2.35 percent in 2015.
GDP Growth Rate
Real GDP, annual % change. Hatched bars are IMF projections.
Inflation Rate
Annual data, %. Source: World Bank.
Key Highlights
- Real GDP grew 3.8% in 2024 (previous year: 5.8%).
- Consumer price inflation was -0.6% in 2016, compared with -2.3% in the previous period.
Main Indicators
| Indicator | Last | Previous | Period |
|---|---|---|---|
| GDP Annual Growth Rate | 3.8% | 5.8% | 2024 |
| Inflation Rate | -0.6% | -2.3% | 2016 |
| Balance of Trade | $0.8B | $1.4B | 2020 |
| Current Account to GDP | -8.8% | -9.7% | 2024 |
| GDP | $7.8B | $7.3B | 2024 |
GDP
| Indicator | Last | Previous | Period |
|---|---|---|---|
| GDP per Capita | $104,293 | $100,065 | 2024 |
| GDP per Capita PPP | $92,201 | $88,395 | 2024 |
| Gross National Income | $6.3B | $5.5B | 2024 |
| GDP from Agriculture | 0.5% | 0.4% | 2024 |
| GDP from Industry | 7.6% | 7.6% | 2024 |
| GDP from Manufacturing | 0.9% | 0.9% | 2024 |
| GDP from Services | 86.5% | 86.4% | 2024 |
Labour
| Indicator | Last | Previous | Period |
|---|---|---|---|
| Population | 0.08M | 0.07M | 2025 |
Prices
| Indicator | Last | Previous | Period |
|---|---|---|---|
| GDP Deflator Growth | 2.4% | 3.8% | 2024 |
Money
| Indicator | Last | Previous | Period |
|---|---|---|---|
| Foreign Exchange Reserves | $0.3B | $0.3B | 2025 |
Trade
| Indicator | Last | Previous | Period |
|---|---|---|---|
| Current Account | -$0.7B | -$0.7B | 2024 |
| Exports | $3.4B | $4.1B | 2020 |
| Imports | $2.6B | $2.7B | 2020 |
| Foreign Direct Investment | $35.78B | $3.18B | 2025 |
| Remittances | $0.01B | $0.01B | 2024 |
| Terms of Trade | 81.6 | 89.3 | 2024 |
| Tourist Arrivals | 0.66M | 2.33M | 2020 |
| Tourism Revenues | $0.96B | $0.91B | 2019 |
Cayman Islands economy explained in simple words
Size of the economy
The economy of the Cayman Islands produced goods and services worth $7.8B in 2024, making it the 162nd largest of 214 economies with data.
With a population of about 0.1 million, GDP per person is $104,293. The World Bank classifies Cayman Islands as a “high income” economy.
Economic growth
Real GDP grew 3.8% in 2024, compared with world growth of 3.5% (IMF).
Over the last 10 years growth averaged 3.3% a year, ranging from -5.0% to 5.8%.
Prices and interest rates
Consumer price inflation was -0.6% in 2016.
Trade and external position
The current account was -8.8% of GDP in 2024 — a deficit with the rest of the world.
Exports of goods and services were $3.4B and imports $2.6B.
Foreign exchange reserves (including gold) stood at $0.3B.
Structure of the economy
By sector, value added is split roughly as: services 86.5%, industry 7.6%, agriculture 0.5% of GDP.
How to read this page
The four boxes at the top show the most-watched numbers: GDP growth (how fast the economy is expanding), inflation (how fast prices are rising), the central bank policy rate (the base cost of borrowing) and unemployment (the share of job-seekers without work). The small arrow shows the change from the previous reading.
The tabs group all available indicators by topic — GDP, labour, prices, money, trade, government and housing. Each row shows the latest value, the previous value, the period it refers to, a small trend line and the source. Click any indicator to open its full history, chart, statistics and comparison with other countries.
Monthly and quarterly figures come from national statistics offices and central banks — via the OECD, the Bank for International Settlements (BIS) and, for India, the Ministry of Statistics (MoSPI); annual figures come from the World Bank and the IMF. Different indicators are published at different times, so the periods shown can differ.
Frequently asked questions
What is the GDP growth rate of Cayman Islands?
What is the inflation rate of Cayman Islands?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.