Cayman Islands - GDP per capita (current US$) 2006 - 2021
Cayman Islands's gdp per capita (current us$) is currently $88,475.60 USD (United States dollar) according to the most recent World Bank data for the country (2021).
Definition
GDP per capita is determined by dividing the gross domestic product by the population at midyear. GDP represents the total value generated by resident producers within the economy, inclusive of product taxes and excluding subsidies not factored into product value. This calculation does not consider deductions for asset depreciation, depletion, or degradation of natural resources. The data is presented in current U.S. dollars.- Cayman Islands's gdp per capita (current us$) for 2021 was $88,475.60, a 5.46% increase from 2020, with a +$4,578 difference.
- In 2020 it was $83,897.51, a -6.62% increase from 2019, with a -$5,949 difference.
- In 2019 it was $89,846.32, a 5.41% increase from 2018.
- In 2018 it was $85,231.78, a 4.89% increase from 2017.
- In 2017 it was $81,255.11, a 3.04% increase from 2016.
Measure: Estimated Value
Average, Lowest, and Highest Recorded Values
The average gdp per capita (current us$), value for Cayman Islands is currently $82,073.70 (average of years with recorded data) with a lowest recorded value of $75,435.62 in 2011 and a highest value of $89,960.68 in 2007.For comparison, the world wide [World Bank] aggregate for 2011 was $10,473.74 and in 2007 it was $8,687.43. Essentially, in 2011, Cayman Islands contributed 720.24% to the world wide aggregate. While in 2007 it contributed 1,035.53% to the aggregate, recording a 71,924.00% increase in amounts contributed within the 4-year period. Nonetheless, the country recorded a -16.15% increase in gdp per capita (current us$) within the same period.
Similarly, from 2011 (when the lowest value was recorded) to 2021, Cayman Islands recorded a -1.65% increase in gdp per capita (current us$). The world aggregate recorded a 41.38% growth in the same period.
Cayman Islands's GDP per capita (current US$) - Historical Data
| Year | GDP per capita (current US$) | Average Growth Rate (%) |
|---|---|---|
| 2006 | $87,184.51 | |
| 2007 | $89,960.68 | 3.18% |
| 2008 | $89,704.22 | -0.29% |
| 2009 | $81,398.32 | -9.26% |
| 2010 | $76,873.20 | -5.56% |
| 2011 | $75,435.62 | -1.87% |
| 2012 | $75,466.14 | 0.04% |
| 2013 | $75,685.36 | 0.29% |
| 2014 | $76,610.65 | 1.22% |
| 2015 | $77,295.85 | 0.89% |
| 2016 | $78,858.28 | 2.02% |
| 2017 | $81,255.11 | 3.04% |
| 2018 | $85,231.78 | 4.89% |
| 2019 | $89,846.32 | 5.41% |
| 2020 | $83,897.51 | -6.62% |
| 2021 | $88,475.60 | 5.46% |
Expand
Comparison with Countries in the Latin America & Caribbean Region.
Among countries in the same World Bank Latin America & Caribbean (LAC) region, Cayman Islands comes in 1st with $88,475.60 gdp per capita (current us$).
- Within the same region, Virgin Islands (U.S.) comes in 2nd with $39,552.20, gdp per capita (current us$).
- Sint Maarten (Dutch part) comes in 3rd with $36,220.30.
- Puerto Rico comes in 4th with $35,208.60.
- Bahamas, The comes in 5th with $31,458.30.
- Aruba comes in 6th with $29,342.10.
- Turks and Caicos Islands comes in 7th with $24,917.60.
- St. Martin (French part) comes in 8th with $21,920.00.
- Uruguay comes in 9th with $20,795.00.
- St. Kitts and Nevis comes in 10th with $20,176.70.
- And Barbados comes in 11th with $20,018.50, gdp per capita (current us$).
GDP per capita (current US$), Top 10 Countries in the Latin America & Caribbean Region.
Top 10 Countries in the Latin America & Caribbean Region.
| # | Country | GDP per capita (current US$) | Year |
|---|---|---|---|
| 1 | Cayman Islands | $88,475.60 | 2021 |
| 2 | Virgin Islands (U.S.) | $39,552.20 | 2020 |
| 3 | Sint Maarten (Dutch part) | $36,220.30 | 2022 |
| 4 | Puerto Rico | $35,208.60 | 2022 |
| 5 | Bahamas, The | $31,458.30 | 2022 |
| 6 | Aruba | $29,342.10 | 2021 |
| 7 | Turks and Caicos Islands | $24,917.60 | 2022 |
| 8 | St. Martin (French part) | $21,920.00 | 2014 |
| 9 | Uruguay | $20,795.00 | 2022 |
| 10 | St. Kitts and Nevis | $20,176.70 | 2022 |
Comparison with Countries in the High income Group.
Among countries in the same World Bank High income (HI) group, Cayman Islands comes in 8th with $88,475.60 gdp per capita (current us$).
- Within the same income group, Monaco comes in 1st with $234,317.00, gdp per capita (current us$).
- Liechtenstein comes in 2nd with $184,083.00.
- Luxembourg comes in 3rd with $126,426.00.
- Bermuda comes in 4th with $118,846.00.
- Norway comes in 5th with $106,149.00.
- Ireland comes in 6th with $104,039.00.
- Switzerland comes in 7th with $92,101.50.
- Qatar comes in 9th with $88,046.30.
- Singapore comes in 10th with $82,807.60.
- Isle of Man comes in 11th with $79,530.60.
- United States comes in 12th with $76,398.60.
- Iceland comes in 13th with $72,903.00.
- Faroe Islands comes in 14th with $69,010.20.
- Denmark comes in 15th with $66,983.10.
- Australia comes in 16th with $64,491.40.
- Greenland comes in 17th with $57,116.40.
- And Netherlands comes in 18th with $55,985.40, gdp per capita (current us$).
GDP per capita (current US$), Top 14 Countries in the High income Group.
Top 14 Countries in the High income Group.
| # | Country | GDP per capita (current US$) | Year |
|---|---|---|---|
| 1 | Monaco | $234,317.00 | 2021 |
| 2 | Liechtenstein | $184,083.00 | 2021 |
| 3 | Luxembourg | $126,426.00 | 2022 |
| 4 | Bermuda | $118,846.00 | 2022 |
| 5 | Norway | $106,149.00 | 2022 |
| 6 | Ireland | $104,039.00 | 2022 |
| 7 | Switzerland | $92,101.50 | 2022 |
| 8 | Cayman Islands | $88,475.60 | 2021 |
| 9 | Qatar | $88,046.30 | 2022 |
| 10 | Singapore | $82,807.60 | 2022 |
| 11 | Isle of Man | $79,530.60 | 2020 |
| 12 | United States | $76,398.60 | 2022 |
| 13 | Iceland | $72,903.00 | 2022 |
| 14 | Faroe Islands | $69,010.20 | 2021 |