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Economy of Cayman Islands vs Croatia compared: GDP & Debt

Updated on by Georank team

The Cayman Islands has a GDP of $7.24B compared to $93B for Croatia, ranking 158/197 and 75/197 by economy size, respectively.

Cayman Islands vs Croatia GDP by year

Cayman Islands
Croatia
1x
Year GDP, current $
Cayman Islands Croatia
2024 - $92,983,810,329
2023 $7,241,244,269 $85,624,153,964
2022 $6,660,161,212 $71,196,498,671
2021 $6,060,813,808 $69,002,365,163
2020 $5,655,357,984 $57,959,843,541
2019 $5,941,896,600 $61,466,721,186
2018 $5,530,178,499 $61,667,925,219
2017 $5,166,281,293 $56,182,782,586
2016 $4,909,322,200 $52,650,714,172
2015 $4,708,167,255 $50,998,893,385
2014 $4,562,853,582 $59,606,934,501
2013 $4,405,796,081 $59,846,265,182
2012 $4,291,004,486 $57,548,115,904
2011 $4,186,073,160 $62,889,007,657
2010 $4,156,841,164 $58,975,205,417
2009 $4,281,714,618 $62,315,996,675
2008 $4,585,948,969 $68,472,854,617
2007 $4,466,278,031 $59,290,621,398
2006 $4,200,288,282 $49,583,544,860
2005 - $45,013,119,282
2004 - $41,836,292,157
2003 - $35,245,317,002
2002 - $26,757,722,429
2001 - $23,066,883,850
2000 - $22,134,411,297
1999 - $23,777,026,779
1998 - $25,890,228,430
1997 - $24,175,764,812
1996 - $24,150,978,347
1995 - $22,772,394,547
1994 - $15,062,911,617
1993 - $11,259,647,874
1992 - $10,621,169,291
1991 - $18,760,386,775
1990 - $25,650,213,280

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

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

GDP per capita in Cayman Islands vs Croatia by year

Cayman Islands
GDP per capita

GDP per capita, PPP
Croatia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cayman Islands Croatia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $24,050 $49,551
2023 $99,144 $88,428 $22,184 $47,760
2022 $93,031 $82,296 $18,466 $42,125
2021 $86,450 $74,160 $17,789 $36,930
2020 $82,339 $66,119 $14,808 $31,594
2019 $88,254 $72,697 $15,564 $33,064
2018 $83,866 $71,812 $15,460 $29,789
2017 $80,054 $68,018 $13,902 $27,888
2016 $77,802 $65,680 $12,820 $25,803
2015 $76,379 $64,009 $12,284 $23,750
2014 $75,845 $63,561 $14,187 $22,706
2013 $75,114 $63,648 $14,135 $22,430
2012 $75,102 $64,727 $13,508 $21,619
2011 $75,281 $66,629 $14,692 $21,191
2010 $76,838 $66,325 $13,730 $20,139
2009 $81,374 $69,254 $14,475 $20,358
2008 $89,655 $76,297 $15,888 $21,018
2007 $89,888 $77,337 $13,756 $19,568
2006 $87,085 $75,191 $11,501 $17,629
2005 - - $10,444 $15,451
2004 - - $9,719 $14,686
2003 - - $8,190 $13,692
2002 - - $6,220 $12,775
2001 - - $5,365 $11,653
2000 - - $4,954 $10,675
1999 - - $5,269 $9,943
1998 - - $5,713 $9,890
1997 - - $5,331 $9,536
1996 - - $5,300 $8,806
1995 - - $4,929 $8,052
1994 - - $3,238 $7,337
1993 - - $2,448 $6,861
1992 - - $2,321 $7,326
1991 - - $4,001 $7,918
1990 - - $5,369 $9,526

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

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

The Cayman Islands' GDP per capita is $99,144, ranking 6/197, compared to $24,050 in Croatia, ranking 50/197. Adjusted for purchasing power (GDP per capita PPP), the Cayman Islands ranks 10th at $88,428, while Croatia ranks 46th at $49,551.

Economic indicators

Cayman Islands Croatia
Gross domestic product
$7.24B
2023
$93B
2024
GDP rank
158/197
2023
75/197
2024
GDP growth
5.82%
2022-2023
3.83%
2023-2024
GDP per capita
$99,144
2023
$24,050
2024
GDP per capita rank
6/197
2023
50/197
2024
GDP per capita, PPP
$88,428
2023
$49,551
2024
GDP per capita PPP rank
10/197
2023
46/197
2024
Government debt n/a
$53.5B
2024
Debt-to-GDP ratio n/a
57.6%
2024
Government debt per person n/a
$13,844
2024
Government debt per person rank n/a
42/185
2024
Average annual personal income after taxes
$93,253
2026
$20,856
2026
Market capitalization of domestic companies
$644M
2020
$27.8B
2024
Number of billionaires n/a
1
2025
Income share by richest 10% n/a
23.3%
2023
Income share by poorest 10% n/a
2.9%
2023
Government expenditure, % of GDP
14%
2025
48%
2024
Consumer prices inflation
-0.63%
2015-2016
2.97%
2023-2024
Unemployment rate
4.24%
2015
5.03%
2024
Population
77619
3812193

Inflation comparison by year

Inflation
Cayman Islands

Croatia
1x
Year Consumer prices inflation
Cayman Islands Croatia
2024 - 2.97%
2023 - 7.94%
2022 - 10.8%
2021 - 2.55%
2020 - 0.15%
2019 - 0.77%
2018 - 1.5%
2017 - 1.13%
2016 -0.63% -1.12%
2015 -2.35% -0.46%
2014 1.27% -0.22%
2013 2.16% 2.22%
2012 1.19% 3.41%
2011 1.33% 2.27%
2010 0.28% 1.03%
2009 - 2.38%
2008 - 6.08%
2007 - 2.9%
2006 - 3.19%
2005 - 3.32%
2004 - 2.06%
2003 - 1.77%
2002 - 1.67%
2001 - 3.78%
2000 - 4.61%
1999 - 4.02%
1998 - 6.4%
1997 - 4.17%

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

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

Over the past 7 years, the Cayman Islands has recorded an average annual inflation rate of 0.46%, compared with 1.02% in Croatia. In 2016, inflation was -0.63% in the Cayman Islands and 2.97% in Croatia.

Top exports between countries

Cayman Islands
Export category Export value
Croatia
Export category Export value
Machinery & equipment $29M
Textiles & consumer goods $91K
Metals $41K
Chemicals & pharma $35K
Wood & paper products $31K
Miscellaneous $16K
Raw materials & minerals $15K
Processed food, beverages & tobacco $7K
Raw agricultural goods $3K

Balance of trade

Cayman Islands Croatia
Current account balance
-$713M
2023
-$1.05B
2024
Current account balance ranking
116/190
2023
125/190
2024
Current account balance, % of GDP
-9.84%
2023
-1.13%
2024
Goods imports
$1.64B
2023
$41.5B
2024
Goods exports
$150M
2023
$21.9B
2024
Service imports
$1.8B
2023
$8.35B
2024
Service exports
$4.45B
2023
$24.7B
2024
Imports of goods and services, % of GDP
45.8%
2020
54.8%
2024
Exports of goods and services, % of GDP
59.6%
2020
50.1%
2024

Economic freedom indices

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

Cayman Islands Croatia
Economic freedom 74 67.5
Economic freedom ranking 22/197 56/197
Property rights n/a 81.1
Government integrity n/a 52.6
Judicial effectiveness n/a 71.7
Tax burden n/a 70
Government spending n/a 34.9
Fiscal health n/a 92.2
Business freedom n/a 79.6
Labor freedom n/a 58.9
Monetary freedom n/a 69.9
Trade freedom n/a 79.4
Investment freedom n/a 60
Financial freedom n/a 60

Other economic metrics

Cayman Islands Croatia
Services, % of GDP
86%
2023
60.8%
2024
Industry, % of GDP
7.84%
2023
19.2%
2024
Agriculture, forestry, and fishing, % of GDP
0.42%
2023
2.9%
2024
GNI, Atlas method
$5.53B
2023
$86B
2024
GNI per capita, PPP
$68,030
2023
$49,740
2024
Total reserves including gold
$234M
2023
$3.34B
2024
Total reserves ranking
169/177
2023
116/177
2024
Net foreign direct investment
-$5.52B
2023
-$1.88B
2024
Net inflows of foreign direct investment
$35.9B
2024
$4.54B
2024
Net outflows of foreign direct investment
$27.2B
2024
$2.79B
2024
Poverty at national poverty lines n/a
20.3%
2023
Gross capital formation, % of GDP n/a
24.4%
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/croatia | CC BY

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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. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  4. TradeMap (2022–2024, 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.

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.