Flag of ky

Cayman Islands GDP Annual Growth Rate

Cayman Islands' GDP annual growth rate fell to 4.36% in 2023, down from 5.16% in 2022, according to World Bank. This represents a decrease of 0.8% from the previous year. Cayman Islands has GDP annual growth rate higher than the global median (4.36% vs median 3.24%). Compared with the median in Americas, Cayman Islands is higher (4.36% vs regional median 3.27%) and ranks 6th out of 44 countries in Americas.

Cayman Islands' real GDP rose to $5.95 billion in 2023, up from $5.7 billion in 2022.

Yearly Historical Data (2007-2023)

(in %)
Year GDP Annual Growth Rate (%)
2023 4.36%
2022 5.16%
2021 4.9%
2020 -4.95%
2019 3.92%
2018 4.27%
2017 3.18%
2016 3.24%
2015 2.83%
2014 2.65%
2013 1.28%
2012 1.23%
2011 1.17%
2010 -2.72%
2009 -7.2%
2008 -0.36%
2007 3.16%
Cayman Islands GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Cayman Islands' total economic output.
Indicator Last Value Prior Value Period
GDP $7.14B $6.6B 2023
GDP per Capita $81,411.65 $79,587.39 2023
GDP per Capita PPP $78,109.35 $76,359.09 2023
Real GDP $5.95B $5.7B 2023