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Economy of Belarus vs Cayman Islands compared: GDP & Debt

Updated on by Georank team

Belarus has a GDP of $76B compared to $7.24B for the Cayman Islands, ranking 83/197 and 158/197 by economy size, respectively.

Belarus vs Cayman Islands GDP by year

Belarus
Cayman Islands
1x
Year GDP, current $
Belarus Cayman Islands
2024 $75,961,865,472 -
2023 $72,478,760,370 $7,241,244,269
2022 $73,775,179,925 $6,660,161,212
2021 $69,673,747,132 $6,060,813,808
2020 $61,371,673,345 $5,655,357,984
2019 $64,410,170,653 $5,941,896,600
2018 $60,031,026,576 $5,530,178,499
2017 $54,725,405,751 $5,166,281,293
2016 $47,723,545,321 $4,909,322,200
2015 $56,454,769,845 $4,708,167,255
2014 $78,813,069,121 $4,562,853,582
2013 $75,527,558,966 $4,405,796,081
2012 $65,685,890,439 $4,291,004,486
2011 $61,762,382,328 $4,186,073,160
2010 $57,231,904,543 $4,156,841,164
2009 $50,873,167,326 $4,281,714,618
2008 $60,752,106,347 $4,585,948,969
2007 $45,275,711,996 $4,466,278,031
2006 $36,961,894,281 $4,200,288,282
2005 $30,210,091,837 -
2004 $23,141,566,293 -
2003 $17,825,444,724 -
2002 $14,594,900,945 -
2001 $12,354,820,144 -
2000 $12,736,856,828 -
1999 $12,138,486,532 -
1998 $15,222,012,660 -
1997 $14,128,408,566 -
1996 $14,500,437,520 -
1995 $13,972,683,274 -
1994 $14,931,435,232 -
1993 $16,275,073,527 -
1992 $16,939,790,094 -
1991 $18,404,907,975 -
1990 $17,389,558,233 -

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/cayman-islands | CC BY

GDP per capita in Belarus vs Cayman Islands by year

Belarus
GDP per capita

GDP per capita, PPP
Cayman Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Cayman Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,318 $33,010 - -
2023 $7,897 $30,834 $99,144 $88,428
2022 $7,995 $28,429 $93,031 $82,296
2021 $7,490 $27,611 $86,450 $74,160
2020 $6,543 $24,872 $82,339 $66,119
2019 $6,838 $22,302 $88,254 $72,697
2018 $6,360 $20,026 $83,866 $71,812
2017 $5,786 $18,414 $80,054 $68,018
2016 $5,040 $17,832 $77,802 $65,680
2015 $5,967 $18,134 $76,379 $64,009
2014 $8,341 $19,038 $75,845 $63,561
2013 $7,998 $19,014 $75,114 $63,648
2012 $6,953 $18,115 $75,102 $64,727
2011 $6,528 $16,563 $75,281 $66,629
2010 $6,035 $15,339 $76,838 $66,325
2009 $5,352 $14,034 $81,374 $69,254
2008 $6,376 $13,886 $89,655 $76,297
2007 $4,735 $12,320 $89,888 $77,337
2006 $3,848 $10,995 $87,085 $75,191
2005 $3,126 $9,637 - -
2004 $2,378 $8,483 - -
2003 $1,820 $7,362 - -
2002 $1,479 $6,697 - -
2001 $1,244 $6,238 - -
2000 $1,276 $5,796 - -
1999 $1,211 $5,331 - -
1998 $1,511 $5,061 - -
1997 $1,396 $4,596 - -
1996 $1,427 $4,039 - -
1995 $1,371 $3,846 - -
1994 $1,460 $4,190 - -
1993 $1,590 $4,641 - -
1992 $1,658 $4,917 - -
1991 $1,805 $5,330 - -
1990 $1,707 $5,220 - -

Data sources: World Bank | Economy & Growth (1990–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/cayman-islands | CC BY

Belarus' GDP per capita is $8,318, ranking 92/197, compared to $99,144 in the Cayman Islands, ranking 6/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while the Cayman Islands ranks 10th at $88,428.

Economic indicators

Belarus Cayman Islands
Gross domestic product
$76B
2024
$7.24B
2023
GDP rank
83/197
2024
158/197
2023
GDP growth
4.01%
2023-2024
5.82%
2022-2023
GDP per capita
$8,318
2024
$99,144
2023
GDP per capita rank
92/197
2024
6/197
2023
GDP per capita, PPP
$33,010
2024
$88,428
2023
GDP per capita PPP rank
68/197
2024
10/197
2023
Government debt
$30.3B
2024
n/a
Debt-to-GDP ratio
39.9%
2024
n/a
Government debt per person
$3,318
2024
n/a
Government debt per person rank
97/185
2024
n/a
Average annual personal income after taxes
$7,345
2026
$93,253
2026
Market capitalization of domestic companies
$6.01B
2024
$644M
2020
Income share by richest 10%
20.7%
2020
n/a
Income share by poorest 10%
4.5%
2020
n/a
Government expenditure, % of GDP
40.9%
2024
14%
2025
Consumer prices inflation
5.7%
2023-2024
-0.63%
2015-2016
Central bank interest rate
9.75%
2025
n/a
Unemployment rate
3.04%
2024
4.24%
2015
Population
9013835
77619

Inflation comparison by year

Inflation
Belarus

Cayman Islands
1x
Year Consumer prices inflation
Belarus Cayman Islands
2024 5.7% -
2023 5% -
2022 15.2% -
2021 9.5% -
2020 5.5% -
2019 5.6% -
2018 4.9% -
2017 6% -
2016 11.8% -0.63%
2015 13.5% -2.35%
2014 18.1% 1.27%
2013 18.3% 2.16%
2012 59.2% 1.19%
2011 53.2% 1.33%
2010 7.7% 0.28%
2009 13% -
2008 14.8% -
2007 8.4% -
2006 7% -
2005 10.3% -
2004 18.1% -
2003 28.4% -
2002 42.6% -
2001 61.1% -
2000 168.6% -
1999 293.7% -
1998 73% -
1997 63.8% -

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (2010–2016, retrieved 2026-04-06).

GeoRank.org/economy/belarus/cayman-islands | CC BY

Over the past 7 years, Belarus has recorded an average annual inflation rate of 26%, compared with 0.46% in the Cayman Islands. In 2016, inflation was 5.7% in Belarus and -0.63% in the Cayman Islands.

Top exports between countries

Belarus
Export category Export value
IT & IP services $536K
Business & finance services $532K
Transport & tourism services $12K
Cayman Islands
Export category Export value

Balance of trade

Belarus Cayman Islands
Current account balance
-$1.94B
2024
-$713M
2023
Current account balance ranking
142/190
2024
116/190
2023
Current account balance, % of GDP
-2.56%
2024
-9.84%
2023
Goods imports
$44.2B
2024
$1.64B
2023
Goods exports
$39.5B
2024
$150M
2023
Service imports
$6.82B
2024
$1.8B
2023
Service exports
$10.1B
2024
$4.45B
2023
Imports of goods and services, % of GDP
66.9%
2024
45.8%
2020
Exports of goods and services, % of GDP
65.1%
2024
59.6%
2020

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Belarus Cayman Islands
Economic freedom 49.1 74
Economic freedom ranking 166/197 22/197
Property rights 20 n/a
Government integrity 28.3 n/a
Judicial effectiveness 11.5 n/a
Tax burden 93.5 n/a
Government spending 52.6 n/a
Fiscal health 96.8 n/a
Business freedom 50.3 n/a
Labor freedom 48 n/a
Monetary freedom 69 n/a
Trade freedom 69.2 n/a
Investment freedom 30 n/a
Financial freedom 20 n/a

Other economic metrics

Belarus Cayman Islands
Services, % of GDP
49.7%
2024
86%
2023
Industry, % of GDP
30.7%
2024
7.84%
2023
Agriculture, forestry, and fishing, % of GDP
6.87%
2024
0.42%
2023
GNI, Atlas method
$75.4B
2024
$5.53B
2023
GNI per capita, PPP
$32,300
2024
$68,030
2023
Total reserves including gold
$8.91B
2024
$234M
2023
Total reserves ranking
82/177
2024
169/177
2023
Net foreign direct investment
-$1.57B
2024
-$5.52B
2023
Net inflows of foreign direct investment
$1.74B
2024
$35.9B
2024
Net outflows of foreign direct investment
$170M
2024
$27.2B
2024
Servicing debt to the IMF, % of GNI
7.19%
2024
n/a
Poverty at national poverty lines
3.9%
2022
n/a
Gross capital formation, % of GDP
25.8%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/belarus/cayman-islands | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  5. TradeMap (2021, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.