Cayman Islands: GDP per capita, PPP (constant 2021 international $)

Key figures

What the numbers say

In 2024, Cayman Islands' GDP per capita, PPP (constant 2021 international $) rose 1,416 on 2023 (from 79,581 to 80,997).

Across the 17 yearly changes before that (2007 to 2023), the average change was −743.07 and a typical year strayed about 3,063 from that (the standard deviation). This year's change was 0.7 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 2,846 in 2023 and the biggest yearly fall was 8,748 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 655.13 a year. A straight line explains 49% 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.

How it compares

In 2024, Cayman Islands had the 3rd highest value of the 10 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 — 1st of 10: 104,300
• Faroe Islands — 3rd of 10: 72,114
• United Arab Emirates — 4th of 10: 69,702
• Aruba — 5th of 10: 45,428

What this measures

This indicator provides values for gross domestic product (GDP) per person 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. The core indicator has been divided by the general population to achieve a per capita estimate. 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.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 19 values

GDP per capita, PPP (constant 2021 international $) in nearby economies

• Antigua and Barbuda — 30,620 (2025)
• Argentina — 27,847 (2025)
• Aruba — 45,428 (2024)
• Bahamas, The — 36,244 (2024)
• Barbados — 22,127 (2025)
• Belize — 12,789 (2025)
• Bolivia — 11,001 (2025)
• Brazil — 20,025 (2025)
• Chile — 30,863 (2025)
• Colombia

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

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Questions people ask

What is Cayman Islands's GDP per capita, PPP (constant 2021 international $)?

80,997 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is down 12.16% from 92,213 in 2006 (0.72% a year on average, compounded). The highest value was 92,344 in 2007 and the lowest 72,183 in 2020.

How does Cayman Islands rank?

3rd highest of 10 economies with data for 2024.

Is the latest change in GDP per capita, PPP (constant 2021 international $) unusual for Cayman Islands?

In 2024, Cayman Islands' GDP per capita, PPP (constant 2021 international $) rose 1,416 on 2023 (from 79,581 to 80,997). Across the 17 yearly changes before that (2007 to 2023), the average change was −743.07 and a typical year strayed about 3,063 from that (the standard deviation). This year's change was 0.7 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.GDP.PCAP.PP.KD, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, note: This information is for ICP’s PPPs utilized in WDI, publisher: International Comparison Program (ICP), date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Progr… 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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