Cayman Islands GDP PPP
GDP converted to international dollars using PPP rates NY.GDP.MKTP.PP.CD
Cayman Islands's gdp ppp was $6.5B in 2023, ranked 31st globally. This represents a 9.6% increase from 2022. Data from World Bank, covering 2006–2023.
Overview
Cayman Islands's gdp ppp stood at $6.5B in 2023, a rise of +$567.0M from 2022. Cayman Islands ranked 31st globally.
The Cayman Islands' GDP PPP has experienced significant growth over the past 18 years, with a notable increase from its all-time trough of 3,588,140,951.85 USD in 2010 to its current value of 6,458,588,682.90 USD in 2023. This represents an approximate 79.4% growth in GDP PPP since the trough year. The country's GDP PPP surpassed that of Andorra, ranking 31st globally in 2023. Compared to its closest rank peers, the Cayman Islands' GDP PPP is higher than Guinea-Bissau's 6,437,778,089.59 USD but lower than the Central African Republic's 6,477,079,364.87 USD. The country's economic performance is likely driven by its financial services sector, which has historically been a significant contributor to the island's economy. As the global economic landscape continues to evolve, particularly in response to shifts in international financial regulations, changes in global demand for offshore financial services could impact the Cayman Islands' economy and its GDP PPP trajectory.
Data & projection
| Year | GDP PPP | YoY change | Rank |
|---|---|---|---|
| 2023 | $6.5B | +$567.0M | #31 |
| 2022 | $5.9B | +$692.4M | #32 |
| 2021 | $5.2B | +$658.0M | #33 |
| 2020 | $4.5B | −$353.2M | #31 |
| 2019 | $4.9B | +$159.1M | #33 |
| 2018 | $4.7B | +$345.8M | #34 |
| 2017 | $4.4B | +$245.1M | #35 |
| 2016 | $4.1B | +$198.8M | #34 |
| 2015 | $3.9B | +$121.9M | #34 |
| 2014 | $3.8B | +$90.5M | #34 |
| 2013 | $3.7B | +$35.1M | #33 |
| 2012 | $3.7B | −$6.8M | #33 |
| 2011 | $3.7B | +$116.8M | #32 |
| 2010 | $3.6B | −$55.9M | #32 |
| 2009 | $3.6B | −$258.7M | #32 |
Analysis
Cayman Islands's gdp ppp was $6.5B in 2023, a rise of +$567.0M from 2022.
Frequently Asked Questions
Cayman Islands's gdp ppp was $6.5B in 2023. Ranked 31st globally. This represents a 9.6% increase from the previous year.
Cayman Islands's gdp ppp peaked at $6.5B in 2023.
The lowest gdp ppp in Cayman Islands was $3.6B in 2010.
Cayman Islands ranks 31st globally in gdp ppp as of 2023.
The World Bank indicator code is NY.GDP.MKTP.PP.CD. Data sourced from World Bank.
Cayman Islands's gdp ppp was approximately 6.46 billion ($6.5B) in 2023.
The gdp ppp of Cayman Islands in 2023 was $6.5B. This ranks 31st in the world.
Cite this page
@misc{historysaid_cayman-islands_gdp-ppp,
title = {Cayman Islands GDP PPP},
url = {https://historysaid.com/cayman-islands/gdp-ppp/},
publisher = {HistorySaid},
year = {2026}
}