Cayman Islands — GDP growth
GDP Growth (Annual %) for Cayman Islands, 2007–2024.
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%. Within Latin America & Caribbean it ranks 14 of 40 economies; Honduras (3.75%) is just below it. Its sharpest one-year move was down 1915% in 2009. That is 17% above this series' own ten-year average.
Data highlights
Doubling roughly every 68 years at that pace.
World ranking. Climbed: 152nd of 205 in 2007 → 197th of 209 in 2010 → 121st of 209 in 2020 → 83rd of 200 in 2024.
Key figures
Full history — 2007 to 2024
| Year | annual % | Change |
|---|---|---|
| 2024 | 3.76% | -2.0 pp |
| 2023 | 5.8% | +0.1 pp |
| 2022 | 5.66% | +0.8 pp |
| 2021 | 4.87% | +9.8 pp |
| 2020 | -4.95% | -8.9 pp |
| 2019 | 3.92% | -0.4 pp |
| 2018 | 4.27% | +1.1 pp |
| 2017 | 3.18% | -0.1 pp |
| 2016 | 3.24% | +0.4 pp |
| 2015 | 2.83% | +0.2 pp |
| 2014 | 2.65% | +1.4 pp |
| 2013 | 1.28% | +0.0 pp |
| 2012 | 1.23% | +0.1 pp |
| 2011 | 1.17% | +3.9 pp |
| 2010 | -2.72% | +4.5 pp |
| 2009 | -7.2% | -6.8 pp |
| 2008 | -0.36% | -3.5 pp |
| 2007 | 3.16% | — |
Frequently asked questions
What was Cayman Islands’s GDP growth in 2008?
-0.36% (2008). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Cayman Islands’s GDP growth growing or shrinking?
Between 2007 and 2024 the series was growing overall: +18.8% in total — about 1.0% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.KD.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2024: 3.76%; 2023: 5.8%; 2022: 5.66%; 2021: 4.87%; 2020: -4.95%. Earlier years are in the full-history table below.
Related data
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.