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Economy of Cayman Islands vs Central African Republic compared: GDP & Debt

Updated on by Georank team

The Cayman Islands has a GDP of $7.24B compared to $2.75B for the Central African Republic, ranking 158/197 and 171/197 by economy size, respectively.

Cayman Islands vs Central African Republic GDP by year

Cayman Islands
Central African Republic
1x
Year GDP, current $
Cayman Islands CAR
2024 - $2,751,494,281
2023 $7,241,244,269 $2,555,492,086
2022 $6,660,161,212 $2,382,618,615
2021 $6,060,813,808 $2,516,498,412
2020 $5,655,357,984 $2,326,720,900
2019 $5,941,896,600 $2,221,301,351
2018 $5,530,178,499 $2,220,979,146
2017 $5,166,281,293 $2,072,349,973
2016 $4,909,322,200 $1,825,018,145
2015 $4,708,167,255 $1,695,825,714
2014 $4,562,853,582 $1,894,813,389
2013 $4,405,796,081 $1,691,544,110
2012 $4,291,004,486 $2,510,126,512
2011 $4,186,073,160 $2,437,982,705
2010 $4,156,841,164 $2,142,591,540
2009 $4,281,714,618 $2,067,381,665
2008 $4,585,948,969 $1,993,407,888
2007 $4,466,278,031 $1,699,811,295
2006 $4,200,288,282 $1,461,859,762
2005 - $1,337,894,379
2004 - $1,272,360,517
2003 - $1,142,315,523
2002 - $996,068,145
2001 - $932,648,605
2000 - $916,777,283
1999 - $999,477,511
1998 - $967,338,390
1997 - $937,741,513
1996 - $1,007,791,127
1995 - $1,115,389,674
1994 - $851,174,357
1993 - $1,278,781,262
1992 - $1,411,917,553
1991 - $1,377,374,987
1990 - $1,440,711,459
1989 - $1,233,930,281
1988 - $1,264,899,288
1987 - $1,200,991,978
1986 - $1,122,265,013
1985 - $864,849,836
1984 - $637,820,670
1983 - $658,679,333
1982 - $748,312,391
1981 - $694,803,623
1980 - $797,048,199
1979 - $700,764,748
1978 - $610,578,632
1977 - $507,298,148
1976 - $451,152,461
1975 - $378,660,016
1974 - $281,398,706
1973 - $271,183,082
1972 - $230,317,883
1971 - $201,450,800
1970 - $189,106,529
1969 - $188,039,210
1968 - $191,767,442
1967 - $163,820,514
1966 - $157,930,018
1965 - $150,574,795
1964 - $142,025,079
1963 - $129,379,124
1962 - $124,482,774
1961 - $123,134,583
1960 - $112,155,598

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/cayman-islands/central-african-republic | CC BY

GDP per capita in Cayman Islands vs Central African Republic by year

Cayman Islands
GDP per capita

GDP per capita, PPP
Central African Republic
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cayman Islands CAR
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $516 $1,263
2023 $99,144 $88,428 $496 $1,257
2022 $93,031 $82,296 $467 $1,218
2021 $86,450 $74,160 $492 $1,129
2020 $82,339 $66,119 $463 $1,066
2019 $88,254 $72,697 $449 $985
2018 $83,866 $71,812 $455 $906
2017 $80,054 $68,018 $432 $884
2016 $77,802 $65,680 $387 $826
2015 $76,379 $64,009 $366 $769
2014 $75,845 $63,561 $410 $699
2013 $75,114 $63,648 $364 $710
2012 $75,102 $64,727 $544 $1,062
2011 $75,281 $66,629 $534 $980
2010 $76,838 $66,325 $477 $936
2009 $81,374 $69,254 $456 $877
2008 $89,655 $76,297 $437 $798
2007 $89,888 $77,337 $381 $783
2006 $87,085 $75,191 $334 $743
2005 - - $312 $702
2004 - - $303 $690
2003 - - $278.4 $648
2002 - - $248.6 $688
2001 - - $238 $668
2000 - - $239.2 $640
1999 - - $268 $660
1998 - - $266.6 $645
1997 - - $265.5 $626
1996 - - $293.3 $601
1995 - - $333 $631
1994 - - $261.3 $592
1993 - - $405 $570
1992 - - $462 $573
1991 - - $465 $618
1990 - - $502 $620
1989 - - $443 -
1988 - - $466 -
1987 - - $450 -
1986 - - $426 -
1985 - - $333 -
1984 - - $248.3 -
1983 - - $259.6 -
1982 - - $298.4 -
1981 - - $280.3 -
1980 - - $325 -
1979 - - $289.1 -
1978 - - $254.6 -
1977 - - $213.8 -
1976 - - $192.1 -
1975 - - $163.6 -
1974 - - $124 -
1973 - - $121.8 -
1972 - - $105.5 -
1971 - - $94.1 -
1970 - - $90.2 -
1969 - - $91.7 -
1968 - - $95.6 -
1967 - - $83.6 -
1966 - - $82.3 -
1965 - - $80.2 -
1964 - - $77.2 -
1963 - - $71.8 -
1962 - - $70.4 -
1961 - - $71 -
1960 - - $65.9 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/cayman-islands/central-african-republic | CC BY

The Cayman Islands' GDP per capita is $99,144, ranking 6/197, compared to $516 in the Central African Republic, ranking 195/197. Adjusted for purchasing power (GDP per capita PPP), the Cayman Islands ranks 10th at $88,428, while the Central African Republic ranks 195th at $1,263.

Economic indicators

Cayman Islands CAR
Gross domestic product
$7.24B
2023
$2.75B
2024
GDP rank
158/197
2023
171/197
2024
GDP growth
5.82%
2022-2023
1.5%
2023-2024
GDP per capita
$99,144
2023
$516
2024
GDP per capita rank
6/197
2023
195/197
2024
GDP per capita, PPP
$88,428
2023
$1,263
2024
GDP per capita PPP rank
10/197
2023
195/197
2024
Government debt n/a
$1.67B
2024
Debt-to-GDP ratio n/a
60.7%
2024
Government debt per person n/a
$313
2024
Government debt per person rank n/a
178/185
2024
Average annual personal income after taxes
$93,253
2026
$1,078
2026
Market capitalization of domestic companies
$644M
2020
n/a
Income share by richest 10% n/a
33.1%
2021
Income share by poorest 10% n/a
2.1%
2021
Government expenditure, % of GDP
14%
2025
19.5%
2024
Consumer prices inflation
-0.63%
2015-2016
1.5%
2023-2024
Unemployment rate
4.24%
2015
6.9%
2017
Population
77619
5753659

Inflation comparison by year

Inflation
Cayman Islands

Central African Republic
1x
Year Consumer prices inflation
Cayman Islands CAR
2024 - 1.5%
2023 - 3%
2022 - 5.6%
2021 - 4.3%
2020 - 0.9%
2019 - 2.8%
2018 - 1.6%
2017 - 4.2%
2016 -0.63% 4.9%
2015 -2.35% 1.4%
2014 1.27% 17.8%
2013 2.16% 4%
2012 1.19% 5.9%
2011 1.33% 1.2%
2010 0.28% 1.5%
2009 - 3.6%
2008 - 9.2%
2007 - 0.9%
2006 - 6.9%
2005 - 2.9%
2004 - -2.6%
2003 - 4.4%
2002 - 2.3%
2001 - 4.1%
2000 - 3.4%
1999 - -1.6%
1998 - -2%
1997 - 1.6%

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/cayman-islands/central-african-republic | CC BY

Over the past 7 years, the Cayman Islands has recorded an average annual inflation rate of 0.46%, compared with 5.24% in the Central African Republic. In 2016, inflation was -0.63% in the Cayman Islands and 1.5% in the Central African Republic.

Balance of trade

Cayman Islands CAR
Current account balance
-$713M
2023
-$24.7M
1994
Current account balance ranking
116/190
2023
81/190
1994
Current account balance, % of GDP
-9.84%
2023
-2.9%
1994
Goods imports
$1.64B
2023
$131M
1994
Goods exports
$150M
2023
$146M
1994
Service imports
$1.8B
2023
$114M
1994
Service exports
$4.45B
2023
$33.1M
1994
Imports of goods and services, % of GDP
45.8%
2020
31.4%
2024
Exports of goods and services, % of GDP
59.6%
2020
15%
2024

Economic freedom indices

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

Cayman Islands CAR
Economic freedom 74 43.1
Economic freedom ranking 22/197 182/197
Property rights n/a 5.6
Government integrity n/a 19.2
Judicial effectiveness n/a 4
Tax burden n/a 65.5
Government spending n/a 90.1
Fiscal health n/a 59
Business freedom n/a 26.5
Labor freedom n/a 48.5
Monetary freedom n/a 75.6
Trade freedom n/a 47.6
Investment freedom n/a 45
Financial freedom n/a 30

Other economic metrics

Cayman Islands CAR
Services, % of GDP
86%
2023
42.1%
2024
Industry, % of GDP
7.84%
2023
20%
2024
Agriculture, forestry, and fishing, % of GDP
0.42%
2023
27.9%
2024
GNI, Atlas method
$5.53B
2023
$2.74B
2024
GNI per capita, PPP
$68,030
2023
$1,340
2024
Total reserves including gold
$234M
2023
$480M
2023
Total reserves ranking
169/177
2023
158/177
2023
Net foreign direct investment
-$5.52B
2023
$3.6M
1994
Net inflows of foreign direct investment
$35.9B
2024
$40.4M
2024
Net outflows of foreign direct investment
$27.2B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.94%
2024
Poverty at national poverty lines n/a
68.8%
2021
Gross capital formation, % of GDP n/a
23.6%
2024

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/cayman-islands/central-african-republic | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. Central Intelligence Agency (CIA) (2017, retrieved 2026-02-20)

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.