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Cayman Islands — GDP growth
GDP Growth (Annual %) for Cayman Islands, 2007–2024.
Latest value · 2024
3.76%
GDP Growth (Annual %) · annual % · +18.8% since 2007
GDP growth for Cayman Islands was 3.76% in 2024, according to the latest World Bank data. The series covers 18 years, from 2007 to 2024. The highest recorded value was 5.80% in 2023. The lowest was -7.20% in 2009 (about -1.9× the latest value). Across that span the compound annual growth rate works out to 1.02% per year.
Cayman Islands ranks 87 of 212 economies on this measure (1 = highest), putting it in the top 41%. The median for Latin America & Caribbean is 3.38%, so Cayman Islands sits above it. It peaked in 2023 and has fallen 35% since. Over the last decade (2014–2024) the figure moved up 42%.
Key figures
Latest (2024)
3.76%
First (2007)
3.16%
Change
+18.8%
Highest
5.80%
in 2023
Lowest
-7.20%
in 2009
Average
1.77%
Annual growth (CAGR)
1.02%
Years of data
18
Recent years
| Year | annual % |
|---|---|
| 2024 | 3.76% |
| 2023 | 5.8% |
| 2022 | 5.66% |
| 2021 | 4.87% |
| 2020 | -4.95% |
| 2019 | 3.92% |
| 2018 | 4.27% |
| 2017 | 3.18% |
| 2016 | 3.24% |
| 2015 | 2.83% |
| 2014 | 2.65% |
| 2013 | 1.28% |
Reading this correctly. Annual percentage growth rate of GDP at constant market prices. A negative value means the economy contracted that year. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
NY.GDP.MKTP.KD.ZG — GDP Growth (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.