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Economy of Cayman Islands vs Finland compared: GDP & Debt

Updated on by Georank team

The Cayman Islands has a GDP of $7.24B compared to $299B for Finland, ranking 158/197 and 47/197 by economy size, respectively.

Cayman Islands vs Finland GDP by year

Cayman Islands
Finland
1x
Year GDP, current $
Cayman Islands Finland
2024 - $298,696,961,298
2023 $7,241,244,269 $295,021,982,463
2022 $6,660,161,212 $280,253,099,309
2021 $6,060,813,808 $294,223,210,496
2020 $5,655,357,984 $270,000,311,606
2019 $5,941,896,600 $267,014,821,129
2018 $5,530,178,499 $273,869,255,596
2017 $5,166,281,293 $253,846,138,440
2016 $4,909,322,200 $238,777,818,793
2015 $4,708,167,255 $233,210,733,506
2014 $4,562,853,582 $273,478,528,955
2013 $4,405,796,081 $270,268,036,626
2012 $4,291,004,486 $257,443,384,493
2011 $4,186,073,160 $275,126,915,516
2010 $4,156,841,164 $249,429,613,683
2009 $4,281,714,618 $253,480,783,439
2008 $4,585,948,969 $285,698,662,071
2007 $4,466,278,031 $256,360,251,538
2006 $4,200,288,282 $217,044,068,234
2005 - $204,859,368,791
2004 - $197,458,297,640
2003 - $171,612,867,736
2002 - $140,360,963,812
2001 - $129,519,672,869
2000 - $125,967,821,111
1999 - $135,234,241,918
1998 - $133,990,876,725
1997 - $126,862,902,302
1996 - $131,991,975,149
1995 - $134,060,457,516
1994 - $103,182,697,780
1993 - $89,112,105,756
1992 - $112,537,828,511
1991 - $127,794,441,994
1990 - $141,446,120,355
1989 - $118,991,270,611
1988 - $109,039,090,263
1987 - $91,564,993,913
1986 - $73,511,611,541
1985 - $55,856,676,899
1984 - $52,870,993,273
1983 - $50,956,447,481
1982 - $52,784,013,815
1981 - $52,440,066,134
1980 - $53,649,984,061
1979 - $44,469,218,440
1978 - $36,259,392,058
1977 - $33,502,784,418
1976 - $31,852,352,670
1975 - $29,475,251,333
1974 - $24,851,036,710
1973 - $19,474,098,335
1972 - $14,744,499,570
1971 - $12,528,522,307
1970 - $11,358,529,162
1969 - $10,177,524,839
1968 - $8,916,565,041
1967 - $9,468,272,357
1966 - $9,306,142,172
1965 - $8,680,393,839
1964 - $7,848,987,793
1963 - $6,958,916,548
1962 - $6,407,796,043
1961 - $5,984,433,774
1960 - $5,279,481,824

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/cayman-islands/finland | CC BY

GDP per capita in Cayman Islands vs Finland by year

Cayman Islands
GDP per capita

GDP per capita, PPP
Finland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cayman Islands Finland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $53,150 $65,378
2023 $99,144 $88,428 $52,834 $63,415
2022 $93,031 $82,296 $50,441 $62,133
2021 $86,450 $74,160 $53,099 $56,790
2020 $82,339 $66,119 $48,829 $53,297
2019 $88,254 $72,697 $48,358 $52,276
2018 $83,866 $71,812 $49,654 $49,249
2017 $80,054 $68,018 $46,085 $47,235
2016 $77,802 $65,680 $43,451 $44,562
2015 $76,379 $64,009 $42,560 $42,258
2014 $75,845 $63,561 $50,074 $41,547
2013 $75,114 $63,648 $49,691 $41,326
2012 $75,102 $64,727 $47,552 $40,739
2011 $75,281 $66,629 $51,060 $40,846
2010 $76,838 $66,325 $46,506 $38,946
2009 $81,374 $69,254 $47,478 $37,988
2008 $89,655 $76,297 $53,769 $40,081
2007 $89,888 $77,337 $48,473 $37,843
2006 $87,085 $75,191 $41,214 $34,440
2005 - - $39,050 $32,048
2004 - - $37,768 $31,195
2003 - - $32,920 $29,043
2002 - - $26,989 $28,596
2001 - - $24,965 $27,798
2000 - - $24,336 $26,783
1999 - - $26,180 $24,762
1998 - - $26,000 $23,570
1997 - - $24,682 $21,787
1996 - - $25,757 $20,067
1995 - - $26,246 $19,568
1994 - - $20,278 $18,458
1993 - - $17,589 $17,458
1992 - - $22,320 $17,271
1991 - - $25,489 $17,563
1990 - - $28,366 $18,149
1989 - - $23,969 -
1988 - - $22,044 -
1987 - - $18,565 -
1986 - - $14,947 -
1985 - - $11,394 -
1984 - - $10,830 -
1983 - - $10,494 -
1982 - - $10,935 -
1981 - - $10,925 -
1980 - - $11,225 -
1979 - - $9,333 -
1978 - - $7,629 -
1977 - - $7,070 -
1976 - - $6,740 -
1975 - - $6,256 -
1974 - - $5,298 -
1973 - - $4,174 -
1972 - - $3,178 -
1971 - - $2,716 -
1970 - - $2,466 -
1969 - - $2,201 -
1968 - - $1,927 -
1967 - - $2,056 -
1966 - - $2,032 -
1965 - - $1,902 -
1964 - - $1,726 -
1963 - - $1,538 -
1962 - - $1,427 -
1961 - - $1,341 -
1960 - - $1,192 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/cayman-islands/finland | CC BY

The Cayman Islands' GDP per capita is $99,144, ranking 6/197, compared to $53,150 in Finland, ranking 23/197. Adjusted for purchasing power (GDP per capita PPP), the Cayman Islands ranks 10th at $88,428, while Finland ranks 27th at $65,378.

Economic indicators

Cayman Islands Finland
Gross domestic product
$7.24B
2023
$299B
2024
GDP rank
158/197
2023
47/197
2024
GDP growth
5.82%
2022-2023
0.42%
2023-2024
GDP per capita
$99,144
2023
$53,150
2024
GDP per capita rank
6/197
2023
23/197
2024
GDP per capita, PPP
$88,428
2023
$65,378
2024
GDP per capita PPP rank
10/197
2023
27/197
2024
Government debt n/a
$245B
2024
Debt-to-GDP ratio n/a
82.1%
2024
Government debt per person n/a
$43,662
2024
Government debt per person rank n/a
12/185
2024
Average annual personal income after taxes
$93,253
2026
$36,394
2026
Market capitalization of domestic companies
$644M
2020
$20.3B
2004
Number of billionaires n/a
7
2025
Income share by richest 10% n/a
22.5%
2023
Income share by poorest 10% n/a
3.7%
2023
Government expenditure, % of GDP
14%
2025
57.7%
2024
Consumer prices inflation
-0.63%
2015-2016
1.57%
2023-2024
Unemployment rate
4.24%
2015
8.34%
2024
Population
77619
5631965

Inflation comparison by year

Inflation
Cayman Islands

Finland
1x
Year Consumer prices inflation
Cayman Islands Finland
2024 - 1.57%
2023 - 6.25%
2022 - 7.12%
2021 - 2.19%
2020 - 0.29%
2019 - 1.02%
2018 - 1.08%
2017 - 0.75%
2016 -0.63% 0.36%
2015 -2.35% -0.21%
2014 1.27% 1.04%
2013 2.16% 1.48%
2012 1.19% 2.81%
2011 1.33% 3.42%
2010 0.28% 1.18%
2009 - -0%
2008 - 4.07%
2007 - 2.51%
2006 - 1.57%
2005 - 0.62%
2004 - 0.19%
2003 - 0.88%
2002 - 1.57%
2001 - 2.58%
2000 - 3.04%
1999 - 1.16%
1998 - 1.4%
1997 - 1.19%

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

GeoRank.org/economy/cayman-islands/finland | CC BY

Over the past 7 years, the Cayman Islands has recorded an average annual inflation rate of 0.46%, compared with 1.44% in Finland. In 2016, inflation was -0.63% in the Cayman Islands and 1.57% in Finland.

Top exports between countries

Cayman Islands
Export category Export value
Finland
Export category Export value
Machinery & equipment $15.8M
Textiles & consumer goods $461K
Metals $173K
Chemicals & pharma $2K
Precious metals & jewellery $1K
Raw materials & minerals $1K

Balance of trade

Cayman Islands Finland
Current account balance
-$713M
2023
-$1.99B
2024
Current account balance ranking
116/190
2023
143/190
2024
Current account balance, % of GDP
-9.84%
2023
-0.67%
2024
Goods imports
$1.64B
2023
$76.6B
2024
Goods exports
$150M
2023
$83.1B
2024
Service imports
$1.8B
2023
$47.4B
2024
Service exports
$4.45B
2023
$42B
2024
Imports of goods and services, % of GDP
45.8%
2020
41.6%
2024
Exports of goods and services, % of GDP
59.6%
2020
41.9%
2024

Economic freedom indices

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

Cayman Islands Finland
Economic freedom 74 76.6
Economic freedom ranking 22/197 15/197
Property rights n/a 99.9
Government integrity n/a 95.4
Judicial effectiveness n/a 96.4
Tax burden n/a 68.4
Government spending n/a 7.9
Fiscal health n/a 76.3
Business freedom n/a 85.3
Labor freedom n/a 65.4
Monetary freedom n/a 80.3
Trade freedom n/a 79.4
Investment freedom n/a 85
Financial freedom n/a 80

Other economic metrics

Cayman Islands Finland
Services, % of GDP
86%
2023
62.2%
2024
Industry, % of GDP
7.84%
2023
22.8%
2024
Agriculture, forestry, and fishing, % of GDP
0.42%
2023
2.47%
2024
GNI, Atlas method
$5.53B
2023
$290B
2024
GNI per capita, PPP
$68,030
2023
$65,640
2024
Total reserves including gold
$234M
2023
$18B
2024
Total reserves ranking
169/177
2023
65/177
2024
Net foreign direct investment
-$5.52B
2023
$3.28B
2024
Net inflows of foreign direct investment
$35.9B
2024
$8.74B
2024
Net outflows of foreign direct investment
$27.2B
2024
$12B
2024
Poverty at national poverty lines n/a
12.2%
2022
Gross capital formation, % of GDP n/a
22.3%
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/finland | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, 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 (2023–2024, 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.