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Economy of Cayman Islands vs Costa Rica compared: GDP & Debt

Updated on by Georank team

The Cayman Islands has a GDP of $7.24B compared to $95.4B for Costa Rica, ranking 158/197 and 73/197 by economy size, respectively.

Cayman Islands vs Costa Rica GDP by year

Cayman Islands
Costa Rica
1x
Year GDP, current $
Cayman Islands Costa Rica
2024 - $95,350,423,177
2023 $7,241,244,269 $86,497,941,439
2022 $6,660,161,212 $69,243,626,029
2021 $6,060,813,808 $64,960,725,734
2020 $5,655,357,984 $62,395,610,760
2019 $5,941,896,600 $64,417,670,521
2018 $5,530,178,499 $62,420,164,992
2017 $5,166,281,293 $60,516,044,657
2016 $4,909,322,200 $58,847,019,610
2015 $4,708,167,255 $56,441,920,821
2014 $4,562,853,582 $52,016,408,854
2013 $4,405,796,081 $50,949,668,842
2012 $4,291,004,486 $47,231,655,432
2011 $4,186,073,160 $42,762,613,699
2010 $4,156,841,164 $37,658,616,952
2009 $4,281,714,618 $30,745,714,313
2008 $4,585,948,969 $30,801,745,700
2007 $4,466,278,031 $26,884,700,709
2006 $4,200,288,282 $22,715,540,324
2005 - $20,040,642,477
2004 - $18,610,594,846
2003 - $17,271,760,507
2002 - $16,578,820,687
2001 - $15,976,174,337
2000 - $15,013,629,662
1999 - $14,254,866,285
1998 - $13,684,255,947
1997 - $12,614,602,382
1996 - $11,678,424,507
1995 - $11,578,594,260
1994 - $10,489,903,725
1993 - $9,564,815,975
1992 - $8,579,754,758
1991 - $7,215,725,487
1990 - $5,711,687,787
1989 - $5,251,025,767
1988 - $4,614,629,898
1987 - $4,532,952,047
1986 - $4,418,983,871
1985 - $3,919,203,960
1984 - $3,660,477,856
1983 - $3,146,772,631
1982 - $2,606,623,555
1981 - $2,623,803,096
1980 - $4,831,447,001
1979 - $4,035,519,323
1978 - $3,523,208,810
1977 - $3,072,427,013
1976 - $2,412,555,426
1975 - $1,960,863,466
1974 - $1,666,544,754
1973 - $1,528,925,846
1972 - $1,238,251,696
1971 - $1,077,147,538
1970 - $984,830,158
1969 - $853,630,204
1968 - $773,841,494
1967 - $699,456,619
1966 - $647,305,630
1965 - $592,981,162
1964 - $542,578,367
1963 - $511,902,137
1962 - $479,180,824
1961 - $490,325,182
1960 - $507,513,830

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

GeoRank.org/economy/cayman-islands/costa-rica | CC BY

GDP per capita in Cayman Islands vs Costa Rica by year

Cayman Islands
GDP per capita

GDP per capita, PPP
Costa Rica
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cayman Islands Costa Rica
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $18,587 $31,107
2023 $99,144 $88,428 $16,942 $28,909
2022 $93,031 $82,296 $13,626 $26,226
2021 $86,450 $74,160 $12,838 $23,853
2020 $82,339 $66,119 $12,394 $22,100
2019 $88,254 $72,697 $12,885 $23,340
2018 $83,866 $71,812 $12,590 $21,498
2017 $80,054 $68,018 $12,317 $20,499
2016 $77,802 $65,680 $12,091 $19,202
2015 $76,379 $64,009 $11,715 $17,525
2014 $75,845 $63,561 $10,911 $16,394
2013 $75,114 $63,648 $10,803 $15,232
2012 $75,102 $64,727 $10,127 $14,464
2011 $75,281 $66,629 $9,276 $13,614
2010 $76,838 $66,325 $8,266 $12,928
2009 $81,374 $69,254 $6,833 $12,274
2008 $89,655 $76,297 $6,937 $12,472
2007 $89,888 $77,337 $6,138 $11,842
2006 $87,085 $75,191 $5,257 $10,800
2005 - - $4,703 $9,899
2004 - - $4,431 $9,365
2003 - - $4,173 $8,863
2002 - - $4,068 $8,461
2001 - - $3,985 $8,190
2000 - - $3,813 $7,879
1999 - - $3,691 $7,563
1998 - - $3,617 $7,306
1997 - - $3,408 $6,890
1996 - - $3,227 $6,568
1995 - - $3,275 $6,515
1994 - - $3,040 $6,276
1993 - - $2,840 $6,025
1992 - - $2,612 $5,635
1991 - - $2,253 $5,175
1990 - - $1,830 $5,021
1989 - - $1,725 -
1988 - - $1,555 -
1987 - - $1,567 -
1986 - - $1,569 -
1985 - - $1,429 -
1984 - - $1,372 -
1983 - - $1,213 -
1982 - - $1,032 -
1981 - - $1,068 -
1980 - - $2,021 -
1979 - - $1,735 -
1978 - - $1,556 -
1977 - - $1,393 -
1976 - - $1,123 -
1975 - - $937 -
1974 - - $817 -
1973 - - $769 -
1972 - - $639 -
1971 - - $570 -
1970 - - $536 -
1969 - - $477 -
1968 - - $445 -
1967 - - $414 -
1966 - - $395 -
1965 - - $374 -
1964 - - $354 -
1963 - - $346 -
1962 - - $335 -
1961 - - $356 -
1960 - - $382 -

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

GeoRank.org/economy/cayman-islands/costa-rica | CC BY

The Cayman Islands' GDP per capita is $99,144, ranking 6/197, compared to $18,587 in Costa Rica, ranking 62/197. Adjusted for purchasing power (GDP per capita PPP), the Cayman Islands ranks 10th at $88,428, while Costa Rica ranks 72nd at $31,107.

Economic indicators

Cayman Islands Costa Rica
Gross domestic product
$7.24B
2023
$95.4B
2024
GDP rank
158/197
2023
73/197
2024
GDP growth
5.82%
2022-2023
4.32%
2023-2024
GDP per capita
$99,144
2023
$18,587
2024
GDP per capita rank
6/197
2023
62/197
2024
GDP per capita, PPP
$88,428
2023
$31,107
2024
GDP per capita PPP rank
10/197
2023
72/197
2024
Government debt n/a
$57B
2024
Debt-to-GDP ratio n/a
59.8%
2024
Government debt per person n/a
$11,106
2024
Government debt per person rank n/a
50/185
2024
Average annual personal income after taxes
$93,253
2026
$12,150
2026
Market capitalization of domestic companies
$644M
2020
$2.23B
2022
Income share by richest 10% n/a
34.2%
2024
Income share by poorest 10% n/a
1.7%
2024
Government expenditure, % of GDP
14%
2025
18.9%
2024
Consumer prices inflation
-0.63%
2015-2016
-0.41%
2023-2024
Central bank interest rate n/a
3.5%
2025
Unemployment rate
4.24%
2015
6.94%
2024
Population
77619
5181862

Inflation comparison by year

Inflation
Cayman Islands

Costa Rica
1x
Year Consumer prices inflation
Cayman Islands Costa Rica
2024 - -0.41%
2023 - 0.53%
2022 - 8.27%
2021 - 1.73%
2020 - 0.72%
2019 - 2.1%
2018 - 2.22%
2017 - 1.63%
2016 -0.63% -0.02%
2015 -2.35% 0.8%
2014 1.27% 4.52%
2013 2.16% 5.23%
2012 1.19% 4.5%
2011 1.33% 4.88%
2010 0.28% 5.66%
2009 - 7.84%
2008 - 13.4%
2007 - 9.36%
2006 - 11.5%
2005 - 13.8%
2004 - 12.3%
2003 - 9.45%
2002 - 9.17%
2001 - 11.3%
2000 - 11%
1999 - 10%
1998 - 11.7%
1997 - 13.2%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/cayman-islands/costa-rica | CC BY

Over the past 7 years, the Cayman Islands has recorded an average annual inflation rate of 0.46%, compared with 3.65% in Costa Rica. In 2016, inflation was -0.63% in the Cayman Islands and -0.41% in Costa Rica.

Top exports between countries

Cayman Islands
Export category Export value
Costa Rica
Export category Export value
Chemicals & pharma $341K
Metals $311K
Animal & marine products $164K
Processed food, beverages & tobacco $72K
Weapons & explosives $48K
Textiles & consumer goods $15K
Wood & paper products $11K
Machinery & equipment $7K
Raw materials & minerals $3K
Raw agricultural goods $1K

Balance of trade

Cayman Islands Costa Rica
Current account balance
-$713M
2023
-$1.25B
2024
Current account balance ranking
116/190
2023
129/190
2024
Current account balance, % of GDP
-9.84%
2023
-1.31%
2024
Goods imports
$1.64B
2023
$23.1B
2024
Goods exports
$150M
2023
$20.6B
2024
Service imports
$1.8B
2023
$7.58B
2024
Service exports
$4.45B
2023
$16.3B
2024
Imports of goods and services, % of GDP
45.8%
2020
32.8%
2024
Exports of goods and services, % of GDP
59.6%
2020
38.5%
2024

Economic freedom indices

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

Cayman Islands Costa Rica
Economic freedom 74 69.1
Economic freedom ranking 22/197 43/197
Property rights n/a 66
Government integrity n/a 64.1
Judicial effectiveness n/a 76.9
Tax burden n/a 78.6
Government spending n/a 89.3
Fiscal health n/a 75.6
Business freedom n/a 79.9
Labor freedom n/a 55.9
Monetary freedom n/a 78.2
Trade freedom n/a 75
Investment freedom n/a 50
Financial freedom n/a 40

Other economic metrics

Cayman Islands Costa Rica
Services, % of GDP
86%
2023
68.8%
2024
Industry, % of GDP
7.84%
2023
19.7%
2024
Agriculture, forestry, and fishing, % of GDP
0.42%
2023
3.56%
2024
GNI, Atlas method
$5.53B
2023
$80.2B
2024
GNI per capita, PPP
$68,030
2023
$28,840
2024
Total reserves including gold
$234M
2023
$14.2B
2024
Total reserves ranking
169/177
2023
70/177
2024
Net foreign direct investment
-$5.52B
2023
-$4.96B
2024
Net inflows of foreign direct investment
$35.9B
2024
$5.3B
2024
Net outflows of foreign direct investment
$27.2B
2024
$337M
2024
Servicing debt to the IMF, % of GNI n/a
6.31%
2023
Poverty at national poverty lines n/a
20.3%
2024
Gross capital formation, % of GDP n/a
15.7%
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/costa-rica | 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. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  4. TradeMap (2021–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  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.