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Economy of Cayman Islands vs Eswatini compared: GDP & Debt

Updated on by Georank team

The Cayman Islands has a GDP of $7.14B compared to $4.89B for Eswatini, ranking 159/197 and 162/197 by economy size, respectively.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Cayman Islands
GDP, current $

GDP, constant 2015 $
Eswatini
GDP, current $

GDP, constant 2015 $
Year GDP
Cayman Islands Eswatini
Current $ Constant $ Current $ Constant $
1960 - - $35,076,846 -
1961 - - $43,026,043 -
1962 - - $45,927,962 -
1963 - - $54,129,438 -
1964 - - $64,980,554 -
1965 - - $70,279,972 -
1966 - - $76,859,969 -
1967 - - $74,759,970 -
1968 - - $79,799,968 -
1969 - - $105,419,958 -
1970 - - $112,139,955 $401,852,565
1971 - - $136,462,081 $457,081,710
1972 - - $146,736,479 $481,875,167
1973 - - $221,915,128 $525,333,916
1974 - - $264,320,941 $555,506,401
1975 - - $288,299,789 $632,768,698
1976 - - $272,550,068 $619,357,559
1977 - - $304,060,076 $625,610,549
1978 - - $340,630,085 $633,913,207
1979 - - $412,093,134 $653,608,542
1980 - - $541,976,853 $734,976,610
1981 - - $570,774,825 $842,587,777
1982 - - $537,568,059 $852,467,691
1983 - - $555,336,146 $862,717,378
1984 - - $494,483,409 $915,875,910
1985 - - $360,079,419 $950,609,732
1986 - - $449,140,318 $1,067,197,054
1987 - - $584,126,092 $1,223,078,154
1988 - - $692,026,455 $1,303,432,207
1989 - - $696,921,542 $1,471,719,695
1990 - - $1,114,694,041 $1,781,045,749
1991 - - $1,156,135,718 $1,812,398,860
1992 - - $1,284,759,928 $1,870,870,590
1993 - - $1,357,189,552 $1,928,981,970
1994 - - $1,419,294,254 $1,975,290,870
1995 - - $1,698,989,464 $2,070,611,521
1996 - - $1,602,741,834 $2,150,165,529
1997 - - $1,716,714,070 $2,216,880,978
1998 - - $1,576,908,856 $2,274,609,434
1999 - - $1,547,888,496 $2,341,730,319
2000 - - $1,738,093,840 $2,382,948,839
2001 - - $1,542,477,309 $2,408,083,352
2002 - - $1,432,221,739 $2,513,559,784
2003 - - $2,197,598,466 $2,611,091,276
2004 - - $2,770,082,792 $2,705,714,981
2005 - - $3,178,112,499 $2,868,024,775
2006 $4,200,288,241 $4,633,485,654 $3,291,330,019 $3,039,881,607
2007 $4,466,278,065 $4,780,025,440 $3,469,381,231 $3,174,711,772
2008 $4,585,949,024 $4,762,941,572 $3,294,084,314 $3,200,797,233
2009 $4,281,714,567 $4,419,986,800 $3,580,428,053 $3,250,891,273
2010 $4,156,841,107 $4,299,956,080 $4,438,765,086 $3,374,222,126
2011 $4,186,073,104 $4,350,225,241 $4,820,478,680 $3,450,048,645
2012 $4,291,004,524 $4,403,722,295 $4,886,551,484 $3,636,235,032
2013 $4,405,796,023 $4,460,060,480 $4,464,726,181 $3,776,637,841
2014 $4,562,853,611 $4,578,454,034 $4,286,015,248 $3,830,866,489
2015 $4,708,167,233 $4,708,167,233 $3,909,281,650 $3,909,281,650
2016 $4,909,322,237 $4,860,710,643 $3,724,180,911 $4,092,073,634
2017 $5,166,281,305 $5,015,477,902 $4,463,673,661 $4,151,686,675
2018 $5,530,178,441 $5,229,501,758 $4,644,696,656 $4,162,339,322
2019 $5,941,896,608 $5,434,269,977 $4,616,996,145 $4,415,541,767
2020 $5,655,358,021 $5,165,012,420 $4,120,621,325 $4,289,130,011
2021 $6,060,026,520 $5,418,352,633 $4,785,708,166 $4,436,460,293
2022 $6,600,843,963 $5,697,740,751 $4,741,163,885 $4,486,130,489
2023 $7,139,428,558 $5,946,143,785 $4,604,172,127 $4,640,654,280
2024 - - $4,891,883,720 $4,763,200,252

Economic indicators

Cayman Islands Eswatini
Gross domestic product
$7.14B
2023
$4.89B
2024
GDP rank
159/197
2023
162/197
2024
GDP growth
8.16%
2022-2023
6.25%
2023-2024
GDP per capita
$97,750
2023
$3,936
2024
GDP per capita rank
6/197
2023
131/197
2024
GDP per capita, PPP
$86,689
2023
$11,784
2024
Government debt n/a
$1.82B
2024
Debt-to-GDP ratio n/a
38.7%
2025
Government debt per person n/a
$1,465
2024
Government debt per person rank n/a
129/185
2024
Average annual personal income after taxes
$82,674
2025
$3,418
2025
Market capitalization of domestic companies
$644M
2020
$234M
2007
Number of billionaires n/a
1
2025
Income share by richest 10% n/a
42.7%
2016
Income share by poorest 10% n/a
1.4%
2016
Government expenditure, % of GDP
14%
2025
32.8%
2025
Consumer prices inflation
-0.63%
2015-2016
2.6%
2018-2019
Central bank interest rate n/a
7%
2024
Unemployment rate
4.24%
2015
34.6%
2023
Population
76930
1267161

GDP per capita in Cayman Islands vs Eswatini

The Cayman Islands' GDP per capita is $97,750, ranking 6/197, compared to $3,936 in Eswatini, ranking 131/197. Adjusted for purchasing power (GDP per capita PPP), the Cayman Islands ranks 10th at $86,689, while Eswatini ranks 125th at $11,784.

Cayman Islands
GDP per capita

GDP per capita, PPP
Eswatini
GDP per capita

GDP per capita, PPP
Year Current $
Cayman Islands Eswatini
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $101.6 -
1961 - - $121.8 -
1962 - - $127.1 -
1963 - - $146.4 -
1964 - - $171.6 -
1965 - - $181 -
1966 - - $192.7 -
1967 - - $182.8 -
1968 - - $190.4 -
1969 - - $245.2 -
1970 - - $254.2 -
1971 - - $301 -
1972 - - $315 -
1973 - - $463 -
1974 - - $536 -
1975 - - $568 -
1976 - - $521 -
1977 - - $563 -
1978 - - $610 -
1979 - - $714 -
1980 - - $908 -
1981 - - $925 -
1982 - - $843 -
1983 - - $843 -
1984 - - $726 -
1985 - - $510 -
1986 - - $611 -
1987 - - $765 -
1988 - - $865 -
1989 - - $832 -
1990 - - $1,278 $3,218
1991 - - $1,273 $3,252
1992 - - $1,362 $3,305
1993 - - $1,397 $3,388
1994 - - $1,461 $3,544
1995 - - $1,751 $3,796
1996 - - $1,619 $3,935
1997 - - $1,705 $4,059
1998 - - $1,547 $4,157
1999 - - $1,502 $4,294
2000 - - $1,669 $4,423
2001 - - $1,468 $4,528
2002 - - $1,352 $4,762
2003 - - $2,060 $5,010
2004 - - $2,581 $5,299
2005 - - $2,945 $5,761
2006 $87,085 $75,191 $3,035 $6,264
2007 $89,888 $77,337 $3,181 $6,680
2008 $89,655 $76,297 $3,000 $6,818
2009 $81,374 $69,254 $3,240 $6,923
2010 $76,838 $66,325 $3,993 $7,231
2011 $75,281 $66,629 $4,312 $7,504
2012 $75,102 $64,727 $4,348 $7,756
2013 $75,114 $63,648 $3,951 $8,234
2014 $75,845 $63,561 $3,772 $8,368
2015 $76,379 $64,009 $3,421 $8,393
2016 $77,802 $65,680 $3,240 $8,488
2017 $80,054 $68,018 $3,854 $8,586
2018 $83,866 $71,812 $3,973 $8,537
2019 $88,254 $72,697 $3,913 $9,248
2020 $82,339 $66,119 $3,455 $9,298
2021 $86,438 $74,151 $3,966 $9,946
2022 $92,202 $81,803 $3,890 $10,665
2023 $97,750 $86,689 $3,742 $11,322
2024 - - $3,936 $11,784

Inflation comparison by year

Over the past 7 years, the Cayman Islands has recorded an average annual inflation rate of 0.46%, compared with 6.24% in Eswatini. In 2016, inflation was -0.63% in the Cayman Islands and 2.6% in Eswatini.

Inflation
Cayman Islands

Eswatini
Year Inflation
Cayman Islands Eswatini Cayman Islands Eswatini
1996 - 6.43%
1997 - 7.13%
1998 - 8.11%
1999 - 6.09%
2000 - 12.2%
2001 - 5.94%
2002 - 12%
2003 - 7.29%
2004 - 3.45%
2005 - 4.77%
2006 - 5.3%
2007 - 8.08%
2008 - 12.7%
2009 - 7.45%
2010 0.28% 4.51%
2011 1.33% 6.11%
2012 1.19% 8.94%
2013 2.16% 5.62%
2014 1.27% 5.68%
2015 -2.35% 4.95%
2016 -0.63% 7.85%
2017 - 6.22%
2018 - 4.82%
2019 - 2.6%

Balance of trade

Cayman Islands Eswatini
Current account balance
-$713M
2023
$108M
2023
Current account balance ranking
114/189
2023
65/189
2023
Current account balance, % of GDP
-9.98%
2023
+2.34%
2023
Goods imports
$1.64B
2023
$1.86B
2023
Goods exports
$150M
2023
$2.03B
2023
Service imports
$1.8B
2023
$489M
2023
Service exports
$4.45B
2023
$145M
2023
Imports of goods and services, % of GDP
45.8%
2020
51.4%
2023
Exports of goods and services, % of GDP
59.6%
2020
48.7%
2023

Economic freedom indices

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

Cayman Islands Eswatini
Economic freedom 74 56.4
Economic freedom ranking 20/197 118/197
Property rights n/a 44.8
Government integrity n/a 29.9
Judicial effectiveness n/a 36.8
Tax burden n/a 76.1
Government spending n/a 73.9
Fiscal health n/a 70.6
Business freedom n/a 49.5
Labor freedom n/a 55.9
Monetary freedom n/a 76.1
Trade freedom n/a 73.6
Investment freedom n/a 50
Financial freedom n/a 40

More economic indicators

Cayman Islands Eswatini
Services, % of GDP
85.4%
2022
51.7%
2023
Industry, % of GDP
8.19%
2022
34.7%
2023
Agriculture, forestry, and fishing, % of GDP
0.47%
2022
6.78%
2023
GNI, Atlas method
$4.42B
2022
$4.45B
2024
GNI per capita, PPP
$54,040
2022
$10,750
2024
Total reserves including gold
$234M
2023
$479M
2023
Total reserves ranking
169/177
2023
159/177
2023
Net foreign direct investment
-$5.52B
2023
-$50.8M
2023
Net inflows of foreign direct investment
$35.9B
2024
$75.5M
2024
Net outflows of foreign direct investment
$27.2B
2024
$63.8M
2024
Servicing debt to the IMF, % of GNI
n/a
3.92%
2023
Poverty at national poverty lines n/a
58.9%
2016
Gross capital formation, % of GDP
n/a
19.2%
2023

GDP per capita map

GDP per capita

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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.