Antigua and Barbuda has a GDP of $2.22B compared to $7.14B for the Cayman Islands, ranking 175/197 and 159/197 by economy size, respectively.
The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.
| Year | GDP | |||
|---|---|---|---|---|
Antigua
|
Cayman Islands
|
|||
| Current $ | Constant $ | Current $ | Constant $ | |
| 1977 | $77,507,407 | $387,163,203 | - | - |
| 1978 | $88,040,741 | $404,134,550 | - | - |
| 1979 | $109,596,296 | $436,786,384 | - | - |
| 1980 | $132,451,852 | $472,436,818 | - | - |
| 1981 | $149,388,889 | $490,457,676 | - | - |
| 1982 | $166,444,444 | $490,048,111 | - | - |
| 1983 | $184,866,667 | $516,333,404 | - | - |
| 1984 | $212,214,815 | $568,819,883 | - | - |
| 1985 | $246,370,370 | $612,299,589 | - | - |
| 1986 | $297,562,963 | $682,675,280 | - | - |
| 1987 | $346,866,667 | $727,910,265 | - | - |
| 1988 | $411,396,296 | $765,857,188 | - | - |
| 1989 | $455,174,074 | $806,082,317 | - | - |
| 1990 | $478,718,519 | $830,360,010 | - | - |
| 1991 | $504,337,037 | $848,435,720 | - | - |
| 1992 | $525,133,333 | $858,265,279 | - | - |
| 1993 | $565,662,963 | $903,580,714 | - | - |
| 1994 | $625,081,481 | $963,907,436 | - | - |
| 1995 | $616,051,852 | $921,883,147 | - | - |
| 1996 | $679,140,741 | $982,773,021 | - | - |
| 1997 | $734,422,222 | $1,036,543,047 | - | - |
| 1998 | $789,788,889 | $1,085,584,792 | - | - |
| 1999 | $835,544,444 | $1,125,835,518 | - | - |
| 2000 | $901,003,704 | $1,195,677,312 | - | - |
| 2001 | $877,774,074 | $1,141,296,595 | - | - |
| 2002 | $898,092,593 | $1,153,020,391 | - | - |
| 2003 | $948,100,000 | $1,223,085,251 | - | - |
| 2004 | $1,026,329,630 | $1,293,621,842 | - | - |
| 2005 | $1,143,896,296 | $1,377,366,903 | - | - |
| 2006 | $1,303,674,074 | $1,552,404,720 | $4,200,288,241 | $4,633,485,654 |
| 2007 | $1,487,381,481 | $1,697,014,056 | $4,466,278,065 | $4,780,025,440 |
| 2008 | $1,557,640,741 | $1,696,776,362 | $4,585,949,024 | $4,762,941,572 |
| 2009 | $1,386,518,519 | $1,493,793,051 | $4,281,714,567 | $4,419,986,800 |
| 2010 | $1,298,348,148 | $1,376,672,105 | $4,156,841,107 | $4,299,956,080 |
| 2011 | $1,287,359,259 | $1,349,706,642 | $4,186,073,104 | $4,350,225,241 |
| 2012 | $1,364,729,630 | $1,395,234,173 | $4,291,004,524 | $4,403,722,295 |
| 2013 | $1,325,496,296 | $1,386,849,062 | $4,405,796,023 | $4,460,060,480 |
| 2014 | $1,378,707,407 | $1,417,336,053 | $4,562,853,611 | $4,578,454,034 |
| 2015 | $1,437,485,185 | $1,437,485,185 | $4,708,167,233 | $4,708,167,233 |
| 2016 | $1,489,603,704 | $1,496,714,858 | $4,909,322,237 | $4,860,710,643 |
| 2017 | $1,534,855,556 | $1,537,316,640 | $5,166,281,305 | $5,015,477,902 |
| 2018 | $1,661,529,630 | $1,640,501,408 | $5,530,178,441 | $5,229,501,758 |
| 2019 | $1,726,448,148 | $1,692,541,753 | $5,941,896,608 | $5,434,269,977 |
| 2020 | $1,411,637,037 | $1,373,179,832 | $5,655,358,021 | $5,165,012,420 |
| 2021 | $1,602,125,926 | $1,485,407,940 | $6,060,026,520 | $5,418,352,633 |
| 2022 | $1,866,566,667 | $1,620,696,017 | $6,600,843,963 | $5,697,740,751 |
| 2023 | $2,005,785,185 | $1,660,036,193 | $7,139,428,558 | $5,946,143,785 |
| 2024 | $2,224,814,815 | $1,731,874,615 | - | - |
Economic indicators
|
Antigua
|
Cayman Islands
|
|
|---|---|---|
| Gross domestic product |
$2.22B
2024 |
$7.14B
2023 |
| GDP rank |
175/197
2024 |
159/197
2023 |
| GDP growth |
10.9%
2023-2024 |
8.16%
2022-2023 |
| GDP per capita |
$23,726
2024 |
$97,750
2023 |
| GDP per capita rank |
52/197
2024 |
6/197
2023 |
| GDP per capita, PPP |
$33,602
2024 |
$86,689
2023 |
| Government debt |
$1.49B
2024 |
n/a |
| Debt-to-GDP ratio |
63.4%
2025 |
n/a |
| Government debt per person |
$15,910
2024 |
n/a |
| Government debt per person rank |
38/185
2024 |
n/a |
| Average annual personal income after taxes |
$15,556
2025 |
$82,674
2025 |
| Market capitalization of domestic companies | n/a |
$644M
2020 |
| Government expenditure, % of GDP |
21.2%
2025 |
14%
2025 |
| Consumer prices inflation |
3.5%
2024-2025 |
-0.63%
2015-2016 |
| Unemployment rate |
5.37%
2023 |
4.24%
2015 |
| Population |
94540
|
76930
|
GDP per capita in Antigua and Barbuda vs Cayman Islands
Antigua and Barbuda's GDP per capita is $23,726, ranking 52/197, compared to $97,750 in the Cayman Islands, ranking 6/197. Adjusted for purchasing power (GDP per capita PPP), Antigua and Barbuda ranks 65th at $33,602, while the Cayman Islands ranks 10th at $86,689.
| Year | Current $ | |||
|---|---|---|---|---|
|
Antigua
|
Cayman Islands
|
|||
| GDP per capita | GDP per capita, PPP | GDP per capita | GDP per capita, PPP | |
| 1977 | $1,214 | - | - | - |
| 1978 | $1,375 | - | - | - |
| 1979 | $1,705 | - | - | - |
| 1980 | $2,053 | - | - | - |
| 1981 | $2,310 | - | - | - |
| 1982 | $2,569 | - | - | - |
| 1983 | $2,847 | - | - | - |
| 1984 | $3,271 | - | - | - |
| 1985 | $3,814 | - | - | - |
| 1986 | $4,629 | - | - | - |
| 1987 | $5,424 | - | - | - |
| 1988 | $6,466 | - | - | - |
| 1989 | $7,188 | - | - | - |
| 1990 | $7,591 | $12,996 | - | - |
| 1991 | $7,956 | $13,658 | - | - |
| 1992 | $8,154 | $13,908 | - | - |
| 1993 | $8,625 | $14,720 | - | - |
| 1994 | $9,351 | $15,736 | - | - |
| 1995 | $9,034 | $15,062 | - | - |
| 1996 | $9,756 | $16,017 | - | - |
| 1997 | $10,336 | $16,836 | - | - |
| 1998 | $10,907 | $17,496 | - | - |
| 1999 | $11,342 | $18,088 | - | - |
| 2000 | $12,027 | $19,319 | - | - |
| 2001 | $11,539 | $18,569 | - | - |
| 2002 | $11,659 | $18,813 | - | - |
| 2003 | $12,173 | $20,127 | - | - |
| 2004 | $13,038 | $21,629 | - | - |
| 2005 | $14,369 | $23,485 | - | - |
| 2006 | $16,174 | $26,949 | $87,085 | $75,191 |
| 2007 | $18,205 | $29,851 | $89,888 | $77,337 |
| 2008 | $18,787 | $29,978 | $89,655 | $76,297 |
| 2009 | $16,472 | $26,157 | $81,374 | $69,254 |
| 2010 | $15,217 | $24,071 | $76,838 | $66,325 |
| 2011 | $14,912 | $23,804 | $75,281 | $66,629 |
| 2012 | $15,640 | $23,012 | $75,102 | $64,727 |
| 2013 | $15,052 | $21,761 | $75,114 | $63,648 |
| 2014 | $15,532 | $21,671 | $75,845 | $63,561 |
| 2015 | $16,078 | $20,985 | $76,379 | $64,009 |
| 2016 | $16,557 | $21,320 | $77,802 | $65,680 |
| 2017 | $16,966 | $21,422 | $80,054 | $68,018 |
| 2018 | $18,273 | $24,524 | $83,866 | $71,812 |
| 2019 | $18,896 | $26,551 | $88,254 | $72,697 |
| 2020 | $15,370 | $22,370 | $82,339 | $66,119 |
| 2021 | $17,349 | $25,745 | $86,438 | $74,151 |
| 2022 | $20,105 | $29,934 | $92,202 | $81,803 |
| 2023 | $21,495 | $31,602 | $97,750 | $86,689 |
| 2024 | $23,726 | $33,602 | - | - |
Inflation comparison by year
Over the past 7 years, Antigua and Barbuda has recorded an average annual inflation rate of 1.86%, compared with 0.46% in the Cayman Islands. In 2016, inflation was 3.5% in Antigua and Barbuda and -0.63% in the Cayman Islands.
| Year | Inflation | ||
|---|---|---|---|
|
Antigua
|
Cayman Islands
|
Antigua
|
Cayman Islands
|
| 1996 | 3% | - | |
| 1997 | 0.4% | - | |
| 1998 | 3.3% | - | |
| 1999 | 1.1% | - | |
| 2000 | -0.2% | - | |
| 2001 | 1.9% | - | |
| 2002 | 2.4% | - | |
| 2003 | 2% | - | |
| 2004 | 2% | - | |
| 2005 | 2.1% | - | |
| 2006 | 1.8% | - | |
| 2007 | 1.4% | - | |
| 2008 | 5.3% | - | |
| 2009 | -0.6% | - | |
| 2010 | 3.4% | 0.28% | |
| 2011 | 3.5% | 1.33% | |
| 2012 | 3.4% | 1.19% | |
| 2013 | 1.1% | 2.16% | |
| 2014 | 1.1% | 1.27% | |
| 2015 | 1% | -2.35% | |
| 2016 | -0.5% | -0.63% | |
| 2017 | 2.4% | - | |
| 2018 | 1.2% | - | |
| 2019 | 1.4% | - | |
| 2020 | 1.1% | - | |
| 2021 | 1.6% | - | |
| 2022 | 7.5% | - | |
| 2023 | 5.1% | - | |
| 2024 | 6.2% | - | |
| 2025 | 3.5% | - | |
Top exports between countries
|
Antigua
|
|
|---|---|
| Export category | Export value |
| Raw materials & minerals | $100K |
| Metals | $25K |
| Precious metals & jewellery | $10K |
|
Cayman Islands
|
|
|---|---|
| Export category | Export value |
Balance of trade
|
Antigua
|
Cayman Islands
|
|
|---|---|---|
Current account balance
|
-$181M
2024 |
-$713M
2023 |
| Current account balance ranking |
95/189
2024 |
114/189
2023 |
| Current account balance, % of GDP |
-8.15%
2024 |
-9.98%
2023 |
| Goods imports |
$726M
2024 |
$1.64B
2023 |
| Goods exports |
$72.1M
2024 |
$150M
2023 |
| Service imports |
$557M
2024 |
$1.8B
2023 |
| Service exports |
$1.24B
2024 |
$4.45B
2023 |
| Imports of goods and services, % of GDP |
63%
2022 |
45.8%
2020 |
| Exports of goods and services, % of GDP |
54.7%
2022 |
59.6%
2020 |
Economic freedom indices
The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.
|
Antigua
|
Cayman Islands
|
|
|---|---|---|
| Economic freedom | 56 | 74 |
| Economic freedom ranking | 123/197 | 20/197 |
More economic indicators
|
Antigua
|
Cayman Islands
|
|
|---|---|---|
| Services, % of GDP |
69.1%
2023 |
85.4%
2022 |
| Industry, % of GDP |
19%
2023 |
8.19%
2022 |
| Agriculture, forestry, and fishing, % of GDP |
1.94%
2023 |
0.47%
2022 |
|
GNI, Atlas method
|
$2B
2024 |
$4.42B
2022 |
| GNI per capita, PPP |
$32,060
2024 |
$54,040
2022 |
| Total reserves including gold |
$358M
2024 |
$234M
2023 |
| Total reserves ranking |
164/177
2024 |
169/177
2023 |
|
Net foreign direct investment
|
-$253M
2024 |
-$5.52B
2023 |
|
Net inflows of foreign direct investment
|
$271M
2024 |
$35.9B
2024 |
|
Net outflows of foreign direct investment
|
$17.9M
2024 |
$27.2B
2024 |
GDP per capita map
GDP per capita
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Economy comparisons
The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.
Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.
A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).
Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.
Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.