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

StatCayman IslandsEritrea
GDP$5.1B$2.6B
GDP growth, 1 year3.04%4.2%
GDP growth, 5-years averageN/A3.3%
Population58k3.5M
GDP per capita$81k$811
GDP per capita growth1.72%7.21%
Purchasing Power Parity conversion factor0.935.93
Price level ratio of PPP conversion factor GDP to market exchange rate1.120.39
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

StatCayman IslandsEritrea
Income Tax RateN/A30%
Corporate Tax RateN/A30%
Inflation, consumer prices-0.6%9%
Inflation, GDP deflator1.9%13.3%
Unemployment4.2%6.5%
Economic Freedom Index7438.5
Personal Freedom Index8.14.8
Human Freedom Index8.14.8
Property Rights IndexN/A32.5
Judical Effectiveness IndexN/A14.3
Business Freedom IndexN/A18.2
Fiscal Health IndexN/A0
Labor Freedom IndexN/A69.7
Investment Freedom IndexN/A0
Financial Freedom IndexN/A20
Trade Freedom IndexN/A69.2
Monetary Freedom IndexN/A61
Government Spending IndexN/A74.7
Tax Burden IndexN/A81.4
Government Integrity IndexN/A21.4
Corruption Perceptions Index7624
Life expectancy at birth, years82.265.5
Suicide mortality rate, per 100,000 people0.57.9
Mortality caused by road traffic injury, per 100,000 people1425.3
Intentional homicides, per 100,000 people8.58
International tourism, number of arrivals463k142k

Government debt & reserves

StatCayman IslandsEritrea
Central government debt, % of GDPN/A129.4%
External debt stocks, % of GNIN/A40.8%
External debt stocksN/A$791.2M
Short-term debt, % of total reservesN/A16%
Total debt service, % of exports and primary incomeN/A4.3%
Adjusted net savings including particulate emission damage, % of GNIN/A0.5%
Gross savings, % of GDPN/A15.8%
Gross capital formation, % of GDPN/A10%
Total reserves including gold$162.1M$114.8M
Foreign direct investment net inflows$57.4B$61M

Exports, imports and economic structure

StatCayman IslandsEritrea
Exports of goods and services, % of GDPN/A14.4%
Imports of goods and services, % of GDPN/A23.2%
Current account balance (balance of payments)-$997.9M-$104.7M
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$0$82M
Personal remittances received$15.6M$3.3M
Industry including construction value added, % of GDP7.2%21.8%
Agriculture, forestry and fishing value added, % of GDP0.4%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 GDPN/AN/A
Government Expenditure, % of GDPN/A29.1%

Compare with countries close by GDP per capita

Cayman Islands vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k

Eritrea vs

CountryGDP
per capita
Population
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M