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Economy of Cayman Islands vs El Salvador compared: GDP & Debt

Updated on by Georank team

The Cayman Islands has a GDP of $7.24B compared to $35.4B for El Salvador, ranking 158/197 and 105/197 by economy size, respectively.

Cayman Islands vs El Salvador GDP by year

Cayman Islands
El Salvador
1x
Year GDP, current $
Cayman Islands El Salvador
2024 - $35,364,960,000
2023 $7,241,244,269 $33,853,940,000
2022 $6,660,161,212 $31,870,120,000
2021 $6,060,813,808 $29,043,140,000
2020 $5,655,357,984 $24,921,190,000
2019 $5,941,896,600 $26,881,140,000
2018 $5,530,178,499 $26,020,850,000
2017 $5,166,281,293 $24,979,190,000
2016 $4,909,322,200 $24,191,430,000
2015 $4,708,167,255 $23,438,240,000
2014 $4,562,853,582 $22,593,470,000
2013 $4,405,796,081 $21,990,960,000
2012 $4,291,004,486 $21,386,150,000
2011 $4,186,073,160 $20,283,780,000
2010 $4,156,841,164 $18,447,920,000
2009 $4,281,714,618 $17,601,620,000
2008 $4,585,948,969 $17,986,890,000
2007 $4,466,278,031 $17,011,750,000
2006 $4,200,288,282 $15,999,890,000
2005 - $14,698,000,000
2004 - $13,724,810,900
2003 - $13,243,892,200
2002 - $12,664,190,300
2001 - $12,282,533,600
2000 - $11,784,927,700
1999 - $11,284,197,000
1998 - $10,936,669,900
1997 - $10,221,705,900
1996 - $9,586,327,800
1995 - $8,921,947,100
1994 - $7,679,384,000
1993 - $6,680,269,200
1992 - $5,813,399,300
1991 - $5,252,342,400
1990 - $4,817,542,204
1989 - $4,372,215,300
1988 - $4,189,880,000
1987 - $3,958,045,800
1986 - $3,771,663,200
1985 - $3,800,368,600
1984 - $3,661,683,400
1983 - $3,506,347,800
1982 - $3,399,189,100
1981 - $3,437,200,200
1980 - $3,573,959,900
1979 - $3,463,639,900
1978 - $3,127,960,000
1977 - $2,941,640,100
1976 - $2,328,280,100
1975 - $1,884,120,100
1974 - $1,665,880,000
1973 - $1,442,320,000
1972 - $1,263,720,000
1971 - $1,186,120,000
1970 - $1,132,920,000
1969 - $1,049,400,000
1968 - $1,009,760,100
1967 - $976,200,000
1966 - $929,520,000
1965 - $877,720,000

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

GeoRank.org/economy/cayman-islands/el-salvador | CC BY

GDP per capita in Cayman Islands vs El Salvador by year

Cayman Islands
GDP per capita

GDP per capita, PPP
El Salvador
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cayman Islands El Salvador
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $5,580 $13,264
2023 $99,144 $88,428 $5,365 $12,680
2022 $93,031 $82,296 $5,075 $11,876
2021 $86,450 $74,160 $4,643 $10,810
2020 $82,339 $66,119 $3,997 $9,393
2019 $88,254 $72,697 $4,320 $9,757
2018 $83,866 $71,812 $4,184 $9,204
2017 $80,054 $68,018 $4,020 $8,965
2016 $77,802 $65,680 $3,901 $8,456
2015 $76,379 $64,009 $3,790 $7,934
2014 $75,845 $63,561 $3,666 $7,504
2013 $75,114 $63,648 $3,582 $7,093
2012 $75,102 $64,727 $3,498 $6,708
2011 $75,281 $66,629 $3,331 $6,594
2010 $76,838 $66,325 $3,040 $6,248
2009 $81,374 $69,254 $2,910 $6,063
2008 $89,655 $76,297 $2,983 $6,175
2007 $89,888 $77,337 $2,831 $5,949
2006 $87,085 $75,191 $2,666 $5,695
2005 - - $2,447 $5,292
2004 - - $2,286 $4,998
2003 - - $2,208 $4,829
2002 - - $2,115 $4,672
2001 - - $2,058 $4,543
2000 - - $1,983 $4,422
1999 - - $1,908 $4,298
1998 - - $1,860 $4,171
1997 - - $1,749 $4,043
1996 - - $1,651 $3,880
1995 - - $1,548 $3,808
1994 - - $1,344 $3,591
1993 - - $1,180 $3,390
1992 - - $1,041 $3,171
1991 - - $956 $2,945
1990 - - $892 $2,856
1989 - - $825 -
1988 - - $806 -
1987 - - $777 -
1986 - - $755 -
1985 - - $776 -
1984 - - $763 -
1983 - - $745 -
1982 - - $735 -
1981 - - $752 -
1980 - - $787 -
1979 - - $773 -
1978 - - $712 -
1977 - - $684 -
1976 - - $553 -
1975 - - $457 -
1974 - - $413 -
1973 - - $366 -
1972 - - $329 -
1971 - - $316 -
1970 - - $309 -
1969 - - $293.4 -
1968 - - $290.1 -
1967 - - $288.4 -
1966 - - $282.4 -
1965 - - $274.3 -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

GeoRank.org/economy/cayman-islands/el-salvador | CC BY

The Cayman Islands' GDP per capita is $99,144, ranking 6/197, compared to $5,580 in El Salvador, ranking 116/197. Adjusted for purchasing power (GDP per capita PPP), the Cayman Islands ranks 10th at $88,428, while El Salvador ranks 120th at $13,264.

Economic indicators

Cayman Islands El Salvador
Gross domestic product
$7.24B
2023
$35.4B
2024
GDP rank
158/197
2023
105/197
2024
GDP growth
5.82%
2022-2023
2.6%
2023-2024
GDP per capita
$99,144
2023
$5,580
2024
GDP per capita rank
6/197
2023
116/197
2024
GDP per capita, PPP
$88,428
2023
$13,264
2024
GDP per capita PPP rank
10/197
2023
120/197
2024
Government debt n/a
$30.9B
2024
Debt-to-GDP ratio n/a
87.5%
2024
Government debt per person n/a
$4,883
2024
Government debt per person rank n/a
81/185
2024
Average annual personal income after taxes
$93,253
2026
$4,768
2026
Market capitalization of domestic companies
$644M
2020
n/a
Income share by richest 10% n/a
29.7%
2023
Income share by poorest 10% n/a
1.9%
2023
Government expenditure, % of GDP
14%
2025
31.4%
2024
Consumer prices inflation
-0.63%
2015-2016
0.85%
2023-2024
Unemployment rate
4.24%
2015
2.71%
2024
Population
77619
6399793

Inflation comparison by year

Inflation
Cayman Islands

El Salvador
1x
Year Consumer prices inflation
Cayman Islands El Salvador
2024 - 0.85%
2023 - 4.05%
2022 - 7.2%
2021 - 3.47%
2020 - -0.37%
2019 - 0.08%
2018 - 1.09%
2017 - 1.01%
2016 -0.63% 0.6%
2015 -2.35% -0.73%
2014 1.27% 1.14%
2013 2.16% 0.76%
2012 1.19% 1.73%
2011 1.33% 5.13%
2010 0.28% 1.18%
2009 - 1.06%
2008 - 6.71%
2007 - 4.58%
2006 - 4.04%
2005 - 4.69%
2004 - 4.45%
2003 - 2.12%
2002 - 1.87%
2001 - 3.75%
2000 - 2.27%
1999 - 0.51%
1998 - 2.55%
1997 - 4.49%

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

GeoRank.org/economy/cayman-islands/el-salvador | CC BY

Over the past 7 years, the Cayman Islands has recorded an average annual inflation rate of 0.46%, compared with 1.4% in El Salvador. In 2016, inflation was -0.63% in the Cayman Islands and 0.85% in El Salvador.

Top exports between countries

Cayman Islands
Export category Export value
El Salvador
Export category Export value
Textiles & consumer goods $15K
Chemicals & pharma $10K

Balance of trade

Cayman Islands El Salvador
Current account balance
-$713M
2023
-$633M
2024
Current account balance ranking
116/190
2023
110/190
2024
Current account balance, % of GDP
-9.84%
2023
-1.79%
2024
Goods imports
$1.64B
2023
$15.1B
2024
Goods exports
$150M
2023
$5.59B
2024
Service imports
$1.8B
2023
$3.26B
2024
Service exports
$4.45B
2023
$6B
2024
Imports of goods and services, % of GDP
45.8%
2020
51.9%
2024
Exports of goods and services, % of GDP
59.6%
2020
32.8%
2024

Economic freedom indices

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

Cayman Islands El Salvador
Economic freedom 74 57.7
Economic freedom ranking 22/197 114/197
Property rights n/a 42.7
Government integrity n/a 31.5
Judicial effectiveness n/a 15.3
Tax burden n/a 76.8
Government spending n/a 72.7
Fiscal health n/a 59.4
Business freedom n/a 65.7
Labor freedom n/a 51.6
Monetary freedom n/a 70.6
Trade freedom n/a 76.4
Investment freedom n/a 70
Financial freedom n/a 60

Other economic metrics

Cayman Islands El Salvador
Services, % of GDP
86%
2023
61%
2024
Industry, % of GDP
7.84%
2023
22.4%
2024
Agriculture, forestry, and fishing, % of GDP
0.42%
2023
4.38%
2024
GNI, Atlas method
$5.53B
2023
$32.5B
2024
GNI per capita, PPP
$68,030
2023
$12,420
2024
Total reserves including gold
$234M
2023
$3.7B
2024
Total reserves ranking
169/177
2023
110/177
2024
Net foreign direct investment
-$5.52B
2023
-$636M
2024
Net inflows of foreign direct investment
$35.9B
2024
$924M
2024
Net outflows of foreign direct investment
$27.2B
2024
$288M
2024
Servicing debt to the IMF, % of GNI n/a
35%
2024
Poverty at national poverty lines n/a
27.2%
2023
Gross capital formation, % of GDP n/a
20.3%
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/el-salvador | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1965–2025, 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. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  5. TradeMap (2023–2024, retrieved 2026-02-08)
  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.