Cayman Islands GDP, 2006 to 2024
Cayman Islands GDP stood at $7.8B in 2024, up 6.2% on the previous period.
Cayman Islands GDP reached $7.77 billion in 2024 on an annual basis, up 6.2 percent from $7.31 billion a year earlier. The series opens at $4.20 billion in 2006 for the first year on record.
How it is measured
GDP is the market value of all final goods and services an economy produces in a year. The figures come from the World Bank's World Development Indicators (indicator NY.GDP.MKTP.CD), which compiles each country's national accounts under the UN System of National Accounts and converts local-currency values to US dollars at official market exchange rates, averaged over the year, with no inflation adjustment. Because the series is nominal, it moves with real output, domestic inflation, and the exchange rate together.
What the curve shows
The series eased from $4.20 billion in 2006 to a low of $4.16 billion in 2010 before turning upward. Gains continued across the years that followed, and the peak of $7.77 billion in 2024 sits at the end of the series. That latest figure stands 6.2 percent above the $7.31 billion recorded in 2023 as the prior annual value.
What is the GDP of the Cayman Islands?
What are the highest and lowest Cayman Islands GDP figures on record?
Where does the Cayman Islands GDP data come from?
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