GDP (current LCU), annual growth rate in Cayman Islands
Cayman Islands: GDP (current LCU), annual growth rate was 8.16 % change on previous year in 2023. ◆ Volatile
GDP (current LCU), annual growth rate in Cayman Islands, 2007–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Cayman Islands recorded 8.16 % change on previous year for gdp (current lcu), annual growth rate in 2023.
Compared with earlier readings it is down 8.6% on the previous year and up 205.0% over ten years.
Over the whole period, gdp (current lcu), annual growth rate in Cayman Islands peaked at 8.92 % change on previous year in 2022 and was at its lowest, -6.63 % change on previous year, in 2009.
That places Cayman Islands 89th out of 211 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 (current LCU), annual growth rate in Cayman Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2007 | 6.33 % change on previous year | — |
| 2008 | 2.68 % change on previous year | -57.7% |
| 2009 | -6.63 % change on previous year | -347.6% |
| 2010 | -2.92 % change on previous year | -56.0% |
| 2011 | 0.7032 % change on previous year | -124.1% |
| 2012 | 2.51 % change on previous year | +256.4% |
| 2013 | 2.68 % change on previous year | +6.7% |
| 2014 | 3.56 % change on previous year | +33.3% |
| 2015 | 3.18 % change on previous year | -10.7% |
| 2016 | 4.27 % change on previous year | +34.2% |
| 2017 | 5.23 % change on previous year | +22.5% |
| 2018 | 7.04 % change on previous year | +34.6% |
| 2019 | 7.45 % change on previous year | +5.7% |
| 2020 | -4.82 % change on previous year | -164.8% |
| 2021 | 7.16 % change on previous year | -248.4% |
| 2022 | 8.92 % change on previous year | +24.7% |
| 2023 | 8.16 % change on previous year | -8.6% |
Cayman Islands compared with similar countries
- Cayman Islands's 8.16 % change on previous year is above the median for high income countries, which is 5.96 % change on previous year, 1.4× the median. (82 countries reporting)
- Cayman Islands's 8.16 % change on previous year is above the median for Latin America & Caribbean, which is 7.38 % change on previous year, 1.1× the median. (40 countries reporting)
Biggest year-on-year movements
Years where GDP (current 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 | -347.6% | 2.68 % change on previous year | -6.63 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.7926 % change on previous year | -6.63 % change on previous year | 6.33 % change on previous year | 3 |
| 2010s | 3.37 % change on previous year | -2.92 % change on previous year | 7.45 % change on previous year | 10 |
| 2020s | 4.85 % change on previous year | -4.82 % change on previous year | 8.92 % change on previous year | 4 |
Countries ranked near Cayman Islands
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 (current lcu), annual growth rate in Cayman Islands?
- Gdp (current lcu), annual growth rate in Cayman Islands was 8.16 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gdp (current lcu), annual growth rate recorded in Cayman Islands?
- The highest recorded value was 8.92 % change on previous year in 2022.
- What is the lowest gdp (current lcu), annual growth rate recorded in Cayman Islands?
- The lowest recorded value was -6.63 % change on previous year in 2009.
- How does Cayman Islands rank for gdp (current lcu), annual growth rate?
- Cayman Islands ranks 89th out of 211 countries with data for 2023.
- Is gdp (current lcu), annual growth rate rising or falling in Cayman Islands?
- Over the last ten years it is up 205.0%. 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 (current 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 (current 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.