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Economy of Cayman Islands vs Georgia compared: GDP & Debt

Updated on by Georank team

The Cayman Islands has a GDP of $7.24B compared to $34.2B for Georgia, ranking 158/197 and 107/197 by economy size, respectively.

Cayman Islands vs Georgia GDP by year

Cayman Islands
Georgia
1x
Year GDP, current $
Cayman Islands Georgia
2024 - $34,189,423,545
2023 $7,241,244,269 $30,777,833,601
2022 $6,660,161,212 $24,984,568,960
2021 $6,060,813,808 $18,853,115,589
2020 $5,655,357,984 $16,010,869,216
2019 $5,941,896,600 $17,638,337,117
2018 $5,530,178,499 $17,902,544,881
2017 $5,166,281,293 $16,473,125,375
2016 $4,909,322,200 $15,444,548,902
2015 $4,708,167,255 $15,223,796,149
2014 $4,562,853,582 $17,966,015,109
2013 $4,405,796,081 $17,517,660,144
2012 $4,291,004,486 $16,894,392,033
2011 $4,186,073,160 $15,475,290,469
2010 $4,156,841,164 $12,426,907,967
2009 $4,281,714,618 $10,766,920,066
2008 $4,585,948,969 $12,795,145,131
2007 $4,466,278,031 $10,172,931,089
2006 $4,200,288,282 $7,745,250,734
2005 - $6,410,912,050
2004 - $5,125,365,192
2003 - $3,991,377,904
2002 - $3,395,766,678
2001 - $3,219,462,262
2000 - $3,057,475,335
1999 - $2,800,025,883
1998 - $3,613,497,317
1997 - $3,510,520,231
1996 - $3,094,936,177
1995 - $2,693,732,612
1994 - $2,513,867,645
1993 - $2,701,181,331
1992 - $3,690,328,964
1991 - $6,324,503,311
1990 - $7,735,927,264
1989 - $8,902,632,715
1988 - $8,833,588,173
1987 - $7,321,981,334

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

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

GDP per capita in Cayman Islands vs Georgia by year

Cayman Islands
GDP per capita

GDP per capita, PPP
Georgia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cayman Islands Georgia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $9,241 $28,285
2023 $99,144 $88,428 $8,284 $25,072
2022 $93,031 $82,296 $6,730 $22,461
2021 $86,450 $74,160 $5,084 $18,916
2020 $82,339 $66,119 $4,301 $16,791
2019 $88,254 $72,697 $4,741 $16,770
2018 $83,866 $71,812 $4,804 $15,022
2017 $80,054 $68,018 $4,419 $13,719
2016 $77,802 $65,680 $4,143 $13,065
2015 $76,379 $64,009 $4,087 $12,270
2014 $75,845 $63,561 $4,830 $11,771
2013 $75,114 $63,648 $4,712 $10,797
2012 $75,102 $64,727 $4,531 $10,060
2011 $75,281 $66,629 $4,120 $8,564
2010 $76,838 $66,325 $3,282 $7,712
2009 $81,374 $69,254 $2,823 $7,119
2008 $89,655 $76,297 $3,325 $7,279
2007 $89,888 $77,337 $2,635 $6,951
2006 $87,085 $75,191 $1,996 $5,980
2005 - - $1,643 $5,272
2004 - - $1,305 $4,635
2003 - - $1,010 $4,240
2002 - - $854 $3,719
2001 - - $802 $3,441
2000 - - $750 $3,161
1999 - - $674 $2,977
1998 - - $852 $2,795
1997 - - $807 $2,616
1996 - - $689 $2,253
1995 - - $578 $1,919
1994 - - $520 $1,764
1993 - - $550 $1,898
1992 - - $757 $2,643
1991 - - $1,308 $4,727
1990 - - $1,611 $5,836
1989 - - $1,853 -
1988 - - $1,844 -
1987 - - $1,544 -

Data sources: World Bank | Economy & Growth (1987–2024, retrieved 2026-04-06).

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

The Cayman Islands' GDP per capita is $99,144, ranking 6/197, compared to $9,241 in Georgia, ranking 89/197. Adjusted for purchasing power (GDP per capita PPP), the Cayman Islands ranks 10th at $88,428, while Georgia ranks 74th at $28,285.

Economic indicators

Cayman Islands Georgia
Gross domestic product
$7.24B
2023
$34.2B
2024
GDP rank
158/197
2023
107/197
2024
GDP growth
5.82%
2022-2023
9.68%
2023-2024
GDP per capita
$99,144
2023
$9,241
2024
GDP per capita rank
6/197
2023
89/197
2024
GDP per capita, PPP
$88,428
2023
$28,285
2024
GDP per capita PPP rank
10/197
2023
74/197
2024
Government debt n/a
$12.3B
2024
Debt-to-GDP ratio n/a
36.1%
2024
Government debt per person n/a
$3,336
2024
Government debt per person rank n/a
96/185
2024
Average annual personal income after taxes
$93,253
2026
$6,891
2026
Market capitalization of domestic companies
$644M
2020
n/a
Number of billionaires n/a
2
2025
Income share by richest 10% n/a
26.2%
2024
Income share by poorest 10% n/a
2.9%
2024
Government expenditure, % of GDP
14%
2025
30.3%
2024
Consumer prices inflation
-0.63%
2015-2016
1.11%
2023-2024
Central bank interest rate n/a
8%
2024
Unemployment rate
4.24%
2015
8.01%
2024
Population
77619
3697615

Inflation comparison by year

Inflation
Cayman Islands

Georgia
1x
Year Consumer prices inflation
Cayman Islands Georgia
2024 - 1.11%
2023 - 2.49%
2022 - 11.9%
2021 - 9.57%
2020 - 5.2%
2019 - 4.85%
2018 - 2.62%
2017 - 6.04%
2016 -0.63% 2.13%
2015 -2.35% 4%
2014 1.27% 3.07%
2013 2.16% -0.51%
2012 1.19% -0.94%
2011 1.33% 8.54%
2010 0.28% 7.11%
2009 - 1.73%
2008 - 10%
2007 - 9.24%
2006 - 9.16%
2005 - 8.25%
2004 - 5.66%
2003 - 0.84%
2002 - 5.59%
2001 - 4.65%
2000 - 4.06%
1999 - 19.2%
1998 - 3.57%
1997 - 7.09%

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

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

Over the past 7 years, the Cayman Islands has recorded an average annual inflation rate of 0.46%, compared with 3.34% in Georgia. In 2016, inflation was -0.63% in the Cayman Islands and 1.11% in Georgia.

Top exports between countries

Cayman Islands
Export category Export value
Georgia
Export category Export value
IT & IP services $13.7M

Balance of trade

Cayman Islands Georgia
Current account balance
-$713M
2023
-$1.79B
2024
Current account balance ranking
116/190
2023
139/190
2024
Current account balance, % of GDP
-9.84%
2023
-5.22%
2024
Goods imports
$1.64B
2023
$15.2B
2024
Goods exports
$150M
2023
$8.63B
2024
Service imports
$1.8B
2023
$3.81B
2024
Service exports
$4.45B
2023
$7.71B
2024
Imports of goods and services, % of GDP
45.8%
2020
55.6%
2024
Exports of goods and services, % of GDP
59.6%
2020
47.8%
2024

Economic freedom indices

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

Cayman Islands Georgia
Economic freedom 74 69.6
Economic freedom ranking 22/197 41/197
Property rights n/a 53
Government integrity n/a 59.9
Judicial effectiveness n/a 53.8
Tax burden n/a 87.8
Government spending n/a 73.9
Fiscal health n/a 89.1
Business freedom n/a 76.6
Labor freedom n/a 64
Monetary freedom n/a 70.2
Trade freedom n/a 86.8
Investment freedom n/a 60
Financial freedom n/a 60

Other economic metrics

Cayman Islands Georgia
Services, % of GDP
86%
2023
62%
2024
Industry, % of GDP
7.84%
2023
19.6%
2024
Agriculture, forestry, and fishing, % of GDP
0.42%
2023
5.49%
2024
GNI, Atlas method
$5.53B
2023
$30B
2024
GNI per capita, PPP
$68,030
2023
$26,200
2024
Total reserves including gold
$234M
2023
$4.45B
2024
Total reserves ranking
169/177
2023
104/177
2024
Net foreign direct investment
-$5.52B
2023
-$1.14B
2024
Net inflows of foreign direct investment
$35.9B
2024
$1.6B
2024
Net outflows of foreign direct investment
$27.2B
2024
$462M
2024
Servicing debt to the IMF, % of GNI n/a
15.2%
2024
Poverty at national poverty lines n/a
9.4%
2024
Gross capital formation, % of GDP n/a
24.5%
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/georgia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. TradeMap (2022, retrieved 2026-02-08)

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.