Skip to content

Economy of Cayman Islands vs Curacao compared: GDP & Debt

Updated on by Georank team

The Cayman Islands has a GDP of $7.24B compared to $3.56B for Curacao, ranking 158/197 and 167/197 by economy size, respectively.

Cayman Islands vs Curacao GDP by year

Cayman Islands
Curacao
1x
Year GDP, current $
Cayman Islands Curacao
2024 - $3,561,178,196
2023 $7,241,244,269 $3,281,419,347
2022 $6,660,161,212 $3,075,180,835
2021 $6,060,813,808 $2,739,594,360
2020 $5,655,357,984 $2,534,327,592
2019 $5,941,896,600 $3,026,124,116
2018 $5,530,178,499 $3,046,364,820
2017 $5,166,281,293 $3,033,433,248
2016 $4,909,322,200 $3,024,690,188
2015 $4,708,167,255 $3,058,779,212
2014 $4,562,853,582 $3,059,406,995
2013 $4,405,796,081 $3,033,568,606
2012 $4,291,004,486 $3,012,836,257
2011 $4,186,073,160 $2,930,092,237
2010 $4,156,841,164 $2,951,342,793
2009 $4,281,714,618 $2,869,153,184
2008 $4,585,948,969 $2,833,476,145
2007 $4,466,278,031 $2,593,831,508
2006 $4,200,288,282 $2,457,581,732
2005 - $2,344,637,263
2004 - $2,237,160,503
2003 - $2,202,117,374
2002 - $2,160,784,693
2001 - $2,143,450,726
2000 - $2,120,511,229

Data sources: World Bank | Economy & Growth (2000–2024, retrieved 2026-04-06).

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

GDP per capita in Cayman Islands vs Curacao by year

Cayman Islands
GDP per capita

GDP per capita, PPP
Curacao
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cayman Islands Curacao
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $22,833 $32,693
2023 $99,144 $88,428 $21,218 $30,652
2022 $93,031 $82,296 $20,057 $28,641
2021 $86,450 $74,160 $17,796 $24,906
2020 $82,339 $66,119 $16,300 $21,722
2019 $88,254 $72,697 $19,221 $25,397
2018 $83,866 $71,812 $19,119 $24,623
2017 $80,054 $68,018 $18,938 $24,322
2016 $77,802 $65,680 $18,944 $23,650
2015 $76,379 $64,009 $19,362 $24,038
2014 $75,845 $63,561 $19,623 $24,348
2013 $75,114 $63,648 $19,721 $24,822
2012 $75,102 $64,727 $19,810 $25,106
2011 $75,281 $66,629 $19,426 $26,251
2010 $76,838 $66,325 $19,847 $25,957
2009 $81,374 $69,254 $19,540 $25,950
2008 $89,655 $76,297 $19,423 $26,098
2007 $89,888 $77,337 $18,006 $25,374
2006 $87,085 $75,191 $17,400 $24,590
2005 - - $17,032 $24,081
2004 - - $16,671 $23,791
2003 - - $16,696 $23,522
2002 - - $16,724 $23,480
2001 - - $16,610 $23,057
2000 - - $15,841 $21,891

Data sources: World Bank | Economy & Growth (2000–2024, retrieved 2026-04-06).

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

The Cayman Islands' GDP per capita is $99,144, ranking 6/197, compared to $22,833 in Curacao, ranking 56/197. Adjusted for purchasing power (GDP per capita PPP), the Cayman Islands ranks 10th at $88,428, while Curacao ranks 70th at $32,693.

Economic indicators

Cayman Islands Curacao
Gross domestic product
$7.24B
2023
$3.56B
2024
GDP rank
158/197
2023
167/197
2024
GDP growth
5.82%
2022-2023
5.03%
2023-2024
GDP per capita
$99,144
2023
$22,833
2024
GDP per capita rank
6/197
2023
56/197
2024
GDP per capita, PPP
$88,428
2023
$32,693
2024
GDP per capita PPP rank
10/197
2023
70/197
2024
Average annual personal income after taxes
$93,253
2026
$14,995
2026
Market capitalization of domestic companies
$644M
2020
n/a
Government expenditure, % of GDP
14%
2025
31%
2025
Consumer prices inflation
-0.63%
2015-2016
2.62%
2018-2019
Central bank interest rate n/a
4.5%
2025
Unemployment rate
4.24%
2015
19.1%
2020
Population
77619
155976

Inflation comparison by year

Inflation
Cayman Islands

Curacao
1x
Year Consumer prices inflation
Cayman Islands Curacao
2019 - 2.62%
2018 - 2.58%
2017 - 1.59%
2016 -0.63% -0.05%
2015 -2.35% -0.48%
2014 1.27% 1.5%
2013 2.16% 1.33%
2012 1.19% 3.18%
2011 1.33% 2.33%
2010 0.28% 2.78%
2009 - 1.75%
2008 - 6.88%
2007 - 3%
2006 - 3.11%
2005 - 4.12%
2004 - 1.38%
2003 - 1.63%
2002 - 0.39%
2001 - 1.79%

Data sources: World Bank | Economy & Growth (2001–2019, retrieved 2026-04-06).

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

Over the past 7 years, the Cayman Islands has recorded an average annual inflation rate of 0.46%, compared with 1.51% in Curacao. In 2016, inflation was -0.63% in the Cayman Islands and 2.62% in Curacao.

Top exports between countries

Cayman Islands
Export category Export value
Curacao
Export category Export value
Chemicals & pharma $4K

Balance of trade

Cayman Islands Curacao
Current account balance
-$713M
2023
-$655M
2023
Current account balance ranking
116/190
2023
113/190
2023
Current account balance, % of GDP
-9.84%
2023
-20%
2023
Goods imports
$1.64B
2023
$1.83B
2023
Goods exports
$150M
2023
$560M
2023
Service imports
$1.8B
2023
$935M
2023
Service exports
$4.45B
2023
$1.55B
2023
Imports of goods and services, % of GDP
45.8%
2020
92%
2018
Exports of goods and services, % of GDP
59.6%
2020
63.2%
2018

Economic freedom indices

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

Cayman Islands Curacao
Economic freedom 74 78
Economic freedom ranking 22/197 12/197

Other economic metrics

Cayman Islands Curacao
Services, % of GDP
86%
2023
72.3%
2024
Industry, % of GDP
7.84%
2023
12.2%
2024
Agriculture, forestry, and fishing, % of GDP
0.42%
2023
0.28%
2024
GNI, Atlas method
$5.53B
2023
$3.52B
2024
GNI per capita, PPP
$68,030
2023
$33,300
2024
Total reserves including gold
$234M
2023
n/a
Total reserves ranking
169/177
2023
n/a
Net foreign direct investment
-$5.52B
2023
-$129M
2023
Net inflows of foreign direct investment
$35.9B
2024
$155M
2024
Net outflows of foreign direct investment
$27.2B
2024
$8.09M
2024
Gross capital formation, % of GDP n/a
41.1%
2018

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/curacao | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  4. LivingCost (2026, retrieved 2025-10-14)
  5. TradeMap (2020, retrieved 2026-02-08)

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.