The Gross Domestic Product (GDP) in the Cayman Islands contracted 6.70 percent in 2020 as most sectors in most sectors were under stress, led by restaurants and accommodations, transport, and the “other” sector. source: Cayman Islands - The Economics & Statistics Office

GDP Annual Growth Rate in Cayman Islands averaged 1.33 percent from 1992 until 2020, reaching an all time high of 6.50 percent in the fourth quarter of 2005 and a record low of -18.70 percent in the second quarter of 2020. This page provides - Cayman Islands GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cayman Islands GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2021.

GDP Annual Growth Rate in Cayman Islands is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cayman Islands GDP Annual Growth Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.

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Cayman Islands GDP Annual Growth Rate


Cayman Islands Last Unit Reference Previous Highest Lowest
GDP Annual Growth Rate -6.70 percent Dec/20 -7.70 6.50 -18.70


Cayman Islands GDP Annual Growth Rate
The Cayman Islands is a British overseas territory located in the Caribbean known for being a major tax heaven. International finance is the most important sector of the economy, and accounts for around 55 percent of GDP and 40 percent of government revenue. High-end tourism is also crucial, and accounts for around 30 percent of GDP.