GDP (constant LCU), annual growth rate in Cayman Islands
Cayman Islands: GDP (constant LCU), annual growth rate was 4.36 % change on previous year in 2023. ◆ Volatile
GDP (constant LCU), annual growth rate in Cayman Islands, 2007–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2023, gdp (constant lcu), annual growth rate in Cayman Islands stood at 4.36 % change on previous year.
Compared with earlier readings it is down 15.4% on the previous year and up 240.8% over ten years.
Over the whole period, gdp (constant lcu), annual growth rate in Cayman Islands peaked at 5.16 % change on previous year in 2022 and was at its lowest, -7.2 % change on previous year, in 2009.
That places Cayman Islands 56th out of 212 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (constant LCU), annual growth rate in Cayman Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | 3.16 % change on previous year | — |
| 2008 | -0.3575 % change on previous year | -111.3% |
| 2009 | -7.2 % change on previous year | +1914.2% |
| 2010 | -2.72 % change on previous year | -62.3% |
| 2011 | 1.17 % change on previous year | -143.0% |
| 2012 | 1.23 % change on previous year | +5.2% |
| 2013 | 1.28 % change on previous year | +4.0% |
| 2014 | 2.65 % change on previous year | +107.5% |
| 2015 | 2.83 % change on previous year | +6.7% |
| 2016 | 3.24 % change on previous year | +14.4% |
| 2017 | 3.18 % change on previous year | -1.7% |
| 2018 | 4.27 % change on previous year | +34.0% |
| 2019 | 3.92 % change on previous year | -8.2% |
| 2020 | -4.95 % change on previous year | -226.5% |
| 2021 | 4.91 % change on previous year | -199.0% |
| 2022 | 5.16 % change on previous year | +5.1% |
| 2023 | 4.36 % change on previous year | -15.4% |
Cayman Islands compared with similar countries
- Cayman Islands's 4.36 % change on previous year is above the median for high income countries, which is 2.27 % change on previous year, 1.9× the median. (83 countries reporting)
- Cayman Islands's 4.36 % change on previous year is above the median for Latin America & Caribbean, which is 3.38 % change on previous year, 1.3× the median. (41 countries reporting)
Biggest year-on-year movements
Years where GDP (constant LCU), annual growth rate in Cayman Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | -1914.2% | -0.3575 % change on previous year | -7.2 % change on previous year |
| 2020 | -226.5% | 3.92 % change on previous year | -4.95 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.47 % change on previous year | -7.2 % change on previous year | 3.16 % change on previous year | 3 |
| 2010s | 2.11 % change on previous year | -2.72 % change on previous year | 4.27 % change on previous year | 10 |
| 2020s | 2.37 % change on previous year | -4.95 % change on previous year | 5.16 % change on previous year | 4 |
Countries ranked near Cayman Islands
- 53 Kenya 4.5 % change on previous year compare
- 54 Angola 4.42 % change on previous year compare
- 55 Singapore 4.39 % change on previous year compare
- 57 Russia 4.34 % change on previous year compare
- 58 Antigua and Barbuda 4.33 % change on previous year compare
- 59 Costa Rica 4.32 % change on previous year compare
More population data for Cayman Islands
- Population regions with projections, annual growth rate -0.0474 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -100 % change on previous year (2045)
- Population long run with projections, annual growth rate -0.0474 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.1832 % change on previous year (2100)
- Projected population under age 5, annual growth rate -0.4891 % change on previous year (2100)
- World population growth -0.1% (2100)
- Population density 491.8 people per km² (2100)
- Number of children under 5, by world region 5,086 people (2100)
- Population growth rate, by level of development -0.1% (2100)
- Number of people living in urban and rural areas, annual growth rate 1.86 % change on previous year (2025)
Frequently asked questions
- What is gdp (constant lcu), annual growth rate in Cayman Islands?
- Gdp (constant lcu), annual growth rate in Cayman Islands was 4.36 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gdp (constant lcu), annual growth rate recorded in Cayman Islands?
- The highest recorded value was 5.16 % change on previous year in 2022.
- What is the lowest gdp (constant lcu), annual growth rate recorded in Cayman Islands?
- The lowest recorded value was -7.2 % change on previous year in 2009.
- How does Cayman Islands rank for gdp (constant lcu), annual growth rate?
- Cayman Islands ranks 56th out of 212 countries with data for 2023.
- Is gdp (constant lcu), annual growth rate rising or falling in Cayman Islands?
- Over the last ten years it is up 240.8%. The long-run trend across the full record is volatile.
- Where does this Cayman Islands data come from?
- The figures come from Statizoid (derived), published as part of GDP (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.