The Cayman Islands vs Colombia: Economic Indicators Comparison

Colombia with a GDP of $331B ranked the 39th largest economy in the world, while the Cayman Islands ranked 158th with $5.1B. By GDP per capita, Colombia and the Cayman Islands ranked 94th vs 6th, respectively.

Gross Domestic Product & Income

StatCayman IslandsColombia
GDP$5.1B$331B
GDP growth, 1 year3.04%2.7%
GDP growth, 5-years averageN/A2.8%
Population58k49.1M
GDP per capita$81k$6.7k
GDP per capita growth1.72%1.02%
Purchasing Power Parity conversion factor0.931312.74
Price level ratio of PPP conversion factor GDP to market exchange rate1.120.44
GDP per capita, PPP adjusted$73k$15k
GNI, Atlas method$3B$306.9B
GNI per capita$47k$6.2k
GNI, PPP adjusted$2.8B$718.9B
GNI per capita, PPP adjusted$44k$14k

Financial system and Human development

StatCayman IslandsColombia
Income Tax RateN/A39%
Corporate Tax RateN/A33%
Inflation, consumer prices-0.6%3.2%
Inflation, GDP deflator1.9%3.7%
Unemployment4.2%9.1%
Economic Freedom Index7469.2
Personal Freedom Index8.16.93
Human Freedom Index8.16.78
Property Rights IndexN/A61.1
Judical Effectiveness IndexN/A32.8
Business Freedom IndexN/A71.3
Fiscal Health IndexN/A85.5
Labor Freedom IndexN/A78
Investment Freedom IndexN/A80
Financial Freedom IndexN/A70
Trade Freedom IndexN/A81.2
Monetary Freedom IndexN/A77.5
Government Spending IndexN/A77
Tax Burden IndexN/A70.4
Government Integrity IndexN/A46.1
Corruption Perceptions Index7636
Life expectancy at birth, years82.276.9
Suicide mortality rate, per 100,000 people0.57.2
Mortality caused by road traffic injury, per 100,000 people1418.5
Intentional homicides, per 100,000 people8.524.9
International tourism, number of arrivals463k3.9M

Government debt & reserves

StatCayman IslandsColombia
Central government debt, % of GDPN/A50.5%
External debt stocks, % of GNIN/A42.3%
External debt stocksN/A$134.9B
Short-term debt, % of total reservesN/A31.5%
Total debt service, % of exports and primary incomeN/A40.8%
Adjusted net savings including particulate emission damage, % of GNIN/A2.8%
Gross savings, % of GDPN/A15.1%
Gross capital formation, % of GDPN/A21.2%
Total reserves including gold$162.1M$47.9B
Foreign direct investment net inflows$57.4B$11.5B

Exports, imports and economic structure

StatCayman IslandsColombia
Exports of goods and services, % of GDPN/A15.9%
Imports of goods and services, % of GDPN/A20.8%
Current account balance (balance of payments)-$997.9M-$13B
Revenue excluding grants, % of GDPN/A22.9%
Grants excluding technical cooperation, BoP$0$741.3M
Personal remittances received$15.6M$6.4B
Industry including construction value added, % of GDP7.2%26.7%
Agriculture, forestry and fishing value added, % of GDP0.4%6.3%
Charges for the use of intellectual property, payments BoP$68M$471.4M
Charges for the use of intellectual property, receipts BoP$9.3M$105.6M
Expense, % of GDPN/A25.3%
Government Expenditure, % of GDPN/A27.7%

Compare with countries close by GDP per capita

Cayman Islands vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k

Colombia vs

CountryGDP
per capita
Population
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k