The Cayman Islands vs Eritrea: Economic Indicators Comparison
The Cayman Islands with a GDP of $5.1B ranked the 158th largest economy in the world, while Eritrea ranked 170th with $2.6B. By GDP per capita, the Cayman Islands and Eritrea ranked 6th vs 178th, respectively.
Gross Domestic Product & Income
| Stat |  Cayman Islands |  Eritrea |
|---|---|---|
| GDP | $5.1B | $2.6B |
| GDP growth, 1 year | 3.04% | 4.2% |
| GDP growth, 5-years average | N/A | 3.3% |
| Population | 58k | 3.5M |
| GDP per capita | $81k | $811 |
| GDP per capita growth | 1.72% | 7.21% |
| Purchasing Power Parity conversion factor | 0.93 | 5.93 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 1.12 | 0.39 |
| GDP per capita, PPP adjusted | $73k | $1.7k |
| GNI, Atlas method | $3B | $2.3B |
| GNI per capita | $47k | $720 |
| GNI, PPP adjusted | $2.8B | $6.7B |
| GNI per capita, PPP adjusted | $44k | $2.1k |
Financial system and Human development
| Stat | Cayman Islands | Eritrea |
|---|---|---|
| Income Tax Rate | N/A | 30% |
| Corporate Tax Rate | N/A | 30% |
| Inflation, consumer prices | -0.6% | 9% |
| Inflation, GDP deflator | 1.9% | 13.3% |
| Unemployment | 4.2% | 6.5% |
| Economic Freedom Index | 74 | 38.5 |
| Personal Freedom Index | 8.1 | 4.8 |
| Human Freedom Index | 8.1 | 4.8 |
| Property Rights Index | N/A | 32.5 |
| Judical Effectiveness Index | N/A | 14.3 |
| Business Freedom Index | N/A | 18.2 |
| Fiscal Health Index | N/A | 0 |
| Labor Freedom Index | N/A | 69.7 |
| Investment Freedom Index | N/A | 0 |
| Financial Freedom Index | N/A | 20 |
| Trade Freedom Index | N/A | 69.2 |
| Monetary Freedom Index | N/A | 61 |
| Government Spending Index | N/A | 74.7 |
| Tax Burden Index | N/A | 81.4 |
| Government Integrity Index | N/A | 21.4 |
| Corruption Perceptions Index | 76 | 24 |
| Life expectancy at birth, years | 82.2 | 65.5 |
| Suicide mortality rate, per 100,000 people | 0.5 | 7.9 |
| Mortality caused by road traffic injury, per 100,000 people | 14 | 25.3 |
| Intentional homicides, per 100,000 people | 8.5 | 8 |
| International tourism, number of arrivals | 463k | 142k |
Government debt & reserves
| Stat | Cayman Islands | Eritrea |
|---|---|---|
| Central government debt, % of GDP | N/A | 129.4% |
| External debt stocks, % of GNI | N/A | 40.8% |
| External debt stocks | N/A | $791.2M |
| Short-term debt, % of total reserves | N/A | 16% |
| Total debt service, % of exports and primary income | N/A | 4.3% |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | 0.5% |
| Gross savings, % of GDP | N/A | 15.8% |
| Gross capital formation, % of GDP | N/A | 10% |
| Total reserves including gold | $162.1M | $114.8M |
| Foreign direct investment net inflows | $57.4B | $61M |
Exports, imports and economic structure
| Stat | Cayman Islands | Eritrea |
|---|---|---|
| Exports of goods and services, % of GDP | N/A | 14.4% |
| Imports of goods and services, % of GDP | N/A | 23.2% |
| Current account balance (balance of payments) | -$997.9M | -$104.7M |
| Revenue excluding grants, % of GDP | N/A | N/A |
| Grants excluding technical cooperation, BoP | $0 | $82M |
| Personal remittances received | $15.6M | $3.3M |
| Industry including construction value added, % of GDP | 7.2% | 21.8% |
| Agriculture, forestry and fishing value added, % of GDP | 0.4% | 14.1% |
| Charges for the use of intellectual property, payments BoP | $68M | $281k |
| Charges for the use of intellectual property, receipts BoP | $9.3M | $94k |
| Expense, % of GDP | N/A | N/A |
| Government Expenditure, % of GDP | N/A | 29.1% |
