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Economy of Cayman Islands vs Czech Republic compared: GDP & Debt

Updated on by Georank team

The Cayman Islands has a GDP of $7.24B compared to $347B for the Czech Republic, ranking 158/197 and 44/197 by economy size, respectively.

Cayman Islands vs Czech Republic GDP by year

Cayman Islands
Czech Republic
1x
Year GDP, current $
Cayman Islands Czech Republic
2024 - $347,034,062,928
2023 $7,241,244,269 $345,059,295,660
2022 $6,660,161,212 $301,831,228,326
2021 $6,060,813,808 $290,972,714,482
2020 $5,655,357,984 $251,109,660,603
2019 $5,941,896,600 $256,794,209,029
2018 $5,530,178,499 $251,992,360,762
2017 $5,166,281,293 $221,563,575,696
2016 $4,909,322,200 $198,160,659,304
2015 $4,708,167,255 $189,107,698,562
2014 $4,562,853,582 $210,911,285,078
2013 $4,405,796,081 $213,024,360,541
2012 $4,291,004,486 $210,363,223,088
2011 $4,186,073,160 $231,429,378,717
2010 $4,156,841,164 $211,168,667,286
2009 $4,281,714,618 $206,971,882,705
2008 $4,585,948,969 $236,506,264,754
2007 $4,466,278,031 $190,040,702,287
2006 $4,200,288,282 $156,236,258,387
2005 - $137,264,185,596
2004 - $120,147,899,984
2003 - $100,435,924,705
2002 - $82,607,869,610
2001 - $68,135,304,464
2000 - $62,175,642,238
1999 - $65,586,562,605
1998 - $67,187,217,328
1997 - $62,539,765,163
1996 - $67,804,105,330
1995 - $60,572,381,311
1994 - $48,188,478,339
1993 - $41,155,654,032
1992 - $35,051,065,440
1991 - $30,071,014,282
1990 - $41,016,881,802

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

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

GDP per capita in Cayman Islands vs Czech Republic by year

Cayman Islands
GDP per capita

GDP per capita, PPP
Czech Republic
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cayman Islands Czech Republic
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $31,823 $57,285
2023 $99,144 $88,428 $31,762 $55,761
2022 $93,031 $82,296 $28,282 $52,947
2021 $86,450 $74,160 $27,696 $47,796
2020 $82,339 $66,119 $23,473 $44,839
2019 $88,254 $72,697 $24,063 $45,614
2018 $83,866 $71,812 $23,706 $41,638
2017 $80,054 $68,018 $20,913 $39,346
2016 $77,802 $65,680 $18,754 $36,445
2015 $76,379 $64,009 $17,932 $34,093
2014 $75,845 $63,561 $20,038 $32,743
2013 $75,114 $63,648 $20,260 $31,013
2012 $75,102 $64,727 $20,014 $29,466
2011 $75,281 $66,629 $22,049 $29,237
2010 $76,838 $66,325 $20,160 $28,154
2009 $81,374 $69,254 $19,817 $27,713
2008 $89,655 $76,297 $22,775 $27,938
2007 $89,888 $77,337 $18,453 $26,268
2006 $87,085 $75,191 $15,259 $23,914
2005 - - $13,442 $22,115
2004 - - $11,783 $20,988
2003 - - $9,852 $19,604
2002 - - $8,101 $18,344
2001 - - $6,669 $17,709
2000 - - $6,063 $16,332
1999 - - $6,378 $15,494
1998 - - $6,527 $15,064
1997 - - $6,069 $14,911
1996 - - $6,573 $14,781
1995 - - $5,865 $13,957
1994 - - $4,663 $12,862
1993 - - $3,984 $12,242
1992 - - $3,397 $11,963
1991 - - $2,917 $11,768
1990 - - $3,969 $12,848

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

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

The Cayman Islands' GDP per capita is $99,144, ranking 6/197, compared to $31,823 in the Czech Republic, ranking 39/197. Adjusted for purchasing power (GDP per capita PPP), the Cayman Islands ranks 10th at $88,428, while the Czech Republic ranks 35th at $57,285.

Economic indicators

Cayman Islands Czech Republic
Gross domestic product
$7.24B
2023
$347B
2024
GDP rank
158/197
2023
44/197
2024
GDP growth
5.82%
2022-2023
1.23%
2023-2024
GDP per capita
$99,144
2023
$31,823
2024
GDP per capita rank
6/197
2023
39/197
2024
GDP per capita, PPP
$88,428
2023
$57,285
2024
GDP per capita PPP rank
10/197
2023
35/197
2024
Government debt n/a
$150B
2024
Debt-to-GDP ratio n/a
43.3%
2024
Government debt per person n/a
$13,792
2024
Government debt per person rank n/a
43/185
2024
Average annual personal income after taxes
$93,253
2026
$22,139
2026
Market capitalization of domestic companies
$644M
2020
$34.6B
2024
Number of billionaires n/a
11
2025
Income share by richest 10% n/a
21.5%
2023
Income share by poorest 10% n/a
3.8%
2023
Government expenditure, % of GDP
14%
2025
42.8%
2024
Consumer prices inflation
-0.63%
2015-2016
2.44%
2023-2024
Central bank interest rate n/a
3.5%
2025
Unemployment rate
4.24%
2015
2.6%
2024
Population
77619
10649126

Inflation comparison by year

Inflation
Cayman Islands

Czech Republic
1x
Year Consumer prices inflation
Cayman Islands Czech Republic
2024 - 2.44%
2023 - 10.7%
2022 - 15.1%
2021 - 3.84%
2020 - 3.16%
2019 - 2.85%
2018 - 2.15%
2017 - 2.45%
2016 -0.63% 0.68%
2015 -2.35% 0.31%
2014 1.27% 0.34%
2013 2.16% 1.44%
2012 1.19% 3.29%
2011 1.33% 1.92%
2010 0.28% 1.47%
2009 - 1.02%
2008 - 6.36%
2007 - 2.85%
2006 - 2.53%
2005 - 1.86%
2004 - 2.76%
2003 - 0.12%
2002 - 1.9%
2001 - 4.66%
2000 - 3.78%
1999 - 2.14%
1998 - 10.7%
1997 - 8.6%

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

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

Over the past 7 years, the Cayman Islands has recorded an average annual inflation rate of 0.46%, compared with 1.35% in the Czech Republic. In 2016, inflation was -0.63% in the Cayman Islands and 2.44% in the Czech Republic.

Top exports between countries

Cayman Islands
Export category Export value
Czech Republic
Export category Export value
Textiles & consumer goods $287K
Weapons & explosives $69K
Machinery & equipment $46K
Chemicals & pharma $17K
Miscellaneous $11K

Balance of trade

Cayman Islands Czech Republic
Current account balance
-$713M
2023
$6.05B
2024
Current account balance ranking
116/190
2023
31/190
2024
Current account balance, % of GDP
-9.84%
2023
+1.74%
2024
Goods imports
$1.64B
2023
$179B
2024
Goods exports
$150M
2023
$197B
2024
Service imports
$1.8B
2023
$38B
2024
Service exports
$4.45B
2023
$42.5B
2024
Imports of goods and services, % of GDP
45.8%
2020
62.6%
2024
Exports of goods and services, % of GDP
59.6%
2020
68.9%
2024

Economic freedom indices

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

Cayman Islands Czech Republic
Economic freedom 74 73.2
Economic freedom ranking 22/197 25/197
Property rights n/a 89.8
Government integrity n/a 64.7
Judicial effectiveness n/a 92.1
Tax burden n/a 78.8
Government spending n/a 44.2
Fiscal health n/a 82.5
Business freedom n/a 76.8
Labor freedom n/a 55.1
Monetary freedom n/a 75
Trade freedom n/a 79.4
Investment freedom n/a 70
Financial freedom n/a 70

Other economic metrics

Cayman Islands Czech Republic
Services, % of GDP
86%
2023
60.2%
2024
Industry, % of GDP
7.84%
2023
29.2%
2024
Agriculture, forestry, and fishing, % of GDP
0.42%
2023
1.9%
2024
GNI, Atlas method
$5.53B
2023
$322B
2024
GNI per capita, PPP
$68,030
2023
$54,800
2024
Total reserves including gold
$234M
2023
$146B
2024
Total reserves ranking
169/177
2023
22/177
2024
Net foreign direct investment
-$5.52B
2023
-$1.87B
2024
Net inflows of foreign direct investment
$35.9B
2024
$13.1B
2024
Net outflows of foreign direct investment
$27.2B
2024
$11.2B
2024
Poverty at national poverty lines n/a
10.2%
2021
Gross capital formation, % of GDP n/a
26.3%
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/czech-republic | 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 (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.

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.