Cayman Islands: economy and key statistics
Cayman Islands is number 157 in the 311 Nations Index, with a GDP of $7.8 billion in 2024. GDP per person is $104,293. The economy grew by 3.8% in 2024. The economy is 87% services, 8% industry, 0% agriculture. In 311 Institute directories: 4 Titans.
Part of the 311 Nations Index (311institute.com). Last updated .
National power
Cayman Islands is number 189 in the 311 National Power Index, scoring 10.6 out of 100: economic 22, technology 0, military 0 and human capital 26.
Economy at a glance
| Indicator | Latest figure | Year |
|---|---|---|
| GDP | $7.8 billion | 2024 |
| GDP (purchasing power) | $6.9 billion | 2024 |
| GDP per person | $104,293 | 2024 |
| Economic growth | +3.8% | 2024 |
| Population | 0.1 million | 2025 |
| Services share of GDP | 87% | 2024 |
| Industry share of GDP | 8% | 2024 |
| Manufacturing share of GDP | 1% | 2024 |
| Agriculture share of GDP | 0% | 2024 |
| Foreign direct investment | 40.9% of GDP | 2024 |
| High-tech share of manufactured exports | 86% | 2024 |
Largest companies in Cayman Islands
Main export industries
Cayman Islands exported goods worth about $0.1bn in 2024. Its biggest export industries:
- Mineral fuels, mineral oils and products of their distillation: $0.0bn (52.3% of goods exports)
- Electrical machinery and equipment: $0.0bn (15.0% of goods exports)
- Commodities not specified according to kind: $0.0bn (13.0% of goods exports)
- Machinery and mechanical appliances, boilers, nuclear reactors: $0.0bn (7.7% of goods exports)
- Coffee, tea, mate and spices: $0.0bn (3.0% of goods exports)
Source: UN Comtrade, goods only (services exports are not included).
Other economies in North America
- United States (#1)
- Canada (#10)
- Mexico (#14)
- Puerto Rico (US) (#65)
- Dominican Republic (#66)
- Guatemala (#68)
- Costa Rica (#74)
- Panama (#82)
- Honduras (#105)
- El Salvador (#109)
- Haiti (#112)
- Trinidad and Tobago (#122)
- Jamaica (#125)
- Nicaragua (#128)
- Bahamas (#142)
Questions and answers
How big is the economy of Cayman Islands?
Cayman Islands had a GDP of $7.8 billion in 2024, ranking number 157 in the 311 Nations Index.
What is GDP per person in Cayman Islands?
GDP per person in Cayman Islands was $104,293 in 2024.
How fast is the economy of Cayman Islands growing?
The economy of Cayman Islands grew by 3.8% in 2024.
Source: World Bank, World Development Indicators (CC BY 4.0).
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