Cayman Islands: GDP (current US$)

Key figures

What the numbers say

In 2024, Cayman Islands' GDP (current US$) rose 6.2% on 2023 (from US$7.31 billion to US$7.77 billion).

Across the 17 yearly changes before that (2007 to 2023), the average change was +3.4% and a typical year strayed about 4.7% from that (the standard deviation). This year's change was 0.6 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 9.8% in 2023 and the biggest yearly fall was 6.6% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about US$321.52 million a year. A straight line explains 93% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about US$8.19 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was US$815.17 million, against US$1.18 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2024, Cayman Islands had the 10th highest value of the 14 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Cayman Islands in the 2024 ranking

• Bermuda — 6th of 14: US$9.19 billion
• Liechtenstein — 7th of 14: US$8.91 billion
• New Caledonia — 8th of 14: US$8.55 billion
• French Polynesia — 10th of 14: US$6.32 billion
• Aruba — 11th of 14: US$4.17 billion
• Faroe Islands — 12th of 14: US$4.05 billion

What this measures

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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 19 values

GDP (current US$) in nearby economies

• Antigua and Barbuda — US$2.34 billion (2025)
• Argentina — US$683.1 billion (2025)
• Aruba — US$4.17 billion (2024)
• Bahamas, The — US$15.83 billion (2024)
• Barbados — US$8.02 billion (2025)
• Belize — US$3.33 billion (2025)
• Bolivia — US$64.77 billion (2025)
• Brazil — US$2.28 trillion (2025)
• Chile — US$357.37 billion (2025)
• Colombia — US$457.41 billion (2025)
• Costa Rica — US$102.91 billion (2025)
• Cuba — US$107.35 billion (2020)

More economic policy & debt data for Cayman Islands

• Foreign direct investment, net inflows (BoP, current US$) — US$35.78 billion (2025)
• Adjusted savings, mineral depletion (current US$) — US$0 (2021)
• Foreign direct investment, net outflows (BoP, current US$) — US$25.25 billion (2025)
• Adjusted savings, carbon dioxide damage (current US$) — US$32.69 million (2021)
• Adjusted savings, energy depletion (current US$) — US$0 (2021)
• Foreign direct investment, net outflows (% of GDP) — -22.43% (2024)
• Foreign direct investment, net inflows (% of GDP) — 40.92% (2024)
• Agriculture, forestry, and fishing, value added (current US$) — US$35.15 million (2024)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Cayman Islands's GDP (current US$)?

US$7.77 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is up 84.88% from US$4.2 billion in 2006 (3.47% a year on average, compounded). The highest value was US$7.77 billion in 2024 and the lowest US$4.16 billion in 2010.

Source

World Bank, World Development Indicators, indicator NY.GDP.MKTP.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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