The Cayman Islands vs Grenada: Economic Indicators Comparison

The Cayman Islands with a GDP of $5.1B ranked the 158th largest economy in the world, while Grenada ranked 183rd with $1.2B. By GDP per capita, the Cayman Islands and Grenada ranked 6th vs 70th, respectively.

Gross Domestic Product & Income

Stat	Cayman Islands	Grenada
GDP	$5.1B	$1.2B
GDP growth, 1 year	3.04%	4.18%
GDP growth, 5-years average	N/A	N/A
Population	58k	108k
GDP per capita	$81k	$11k
GDP per capita growth	1.72%	3.64%
Purchasing Power Parity conversion factor	0.93	1.85
Price level ratio of PPP conversion factor GDP to market exchange rate	1.12	0.68
GDP per capita, PPP adjusted	$73k	$16k
GNI, Atlas method	$3B	$1.1B
GNI per capita	$47k	$9.7k
GNI, PPP adjusted	$2.8B	$1.6B
GNI per capita, PPP adjusted	$44k	$14k

Financial system and Human development

Stat	Cayman Islands	Grenada
Income Tax Rate	N/A	N/A
Corporate Tax Rate	N/A	N/A
Inflation, consumer prices	-0.6%	0.8%
Inflation, GDP deflator	1.9%	1%
Unemployment	4.2%	22.9%
Economic Freedom Index	74	63
Personal Freedom Index	8.1	6
Human Freedom Index	8.1	6
Property Rights Index	N/A	N/A
Judical Effectiveness Index	N/A	N/A
Business Freedom Index	N/A	N/A
Fiscal Health Index	N/A	N/A
Labor Freedom Index	N/A	N/A
Investment Freedom Index	N/A	N/A
Financial Freedom Index	N/A	N/A
Trade Freedom Index	N/A	N/A
Monetary Freedom Index	N/A	N/A
Government Spending Index	N/A	N/A
Tax Burden Index	N/A	N/A
Government Integrity Index	N/A	N/A
Corruption Perceptions Index	76	52
Life expectancy at birth, years	82.2	72.4
Suicide mortality rate, per 100,000 people	0.5	1.7
Mortality caused by road traffic injury, per 100,000 people	14	9.3
Intentional homicides, per 100,000 people	8.5	11.1
International tourism, number of arrivals	463k	185k

Government debt & reserves

Stat	Cayman Islands	Grenada
Central government debt, % of GDP	N/A	N/A
External debt stocks, % of GNI	N/A	58.8%
External debt stocks	N/A	$644.9M
Short-term debt, % of total reserves	N/A	50.4%
Total debt service, % of exports and primary income	N/A	8.4%
Adjusted net savings including particulate emission damage, % of GNI	N/A	N/A
Gross savings, % of GDP	N/A	N/A
Gross capital formation, % of GDP	N/A	N/A
Total reserves including gold	$162.1M	$233.8M
Foreign direct investment net inflows	$57.4B	$153.7M

Exports, imports and economic structure

Stat	Cayman Islands	Grenada
Exports of goods and services, % of GDP	N/A	54.2%
Imports of goods and services, % of GDP	N/A	55.2%
Current account balance (balance of payments)	-$997.9M	-$116.3M
Revenue excluding grants, % of GDP	N/A	N/A
Grants excluding technical cooperation, BoP	$0	$250k
Personal remittances received	$15.6M	$48.5M
Industry including construction value added, % of GDP	7.2%	13.3%
Agriculture, forestry and fishing value added, % of GDP	0.4%	5.2%
Charges for the use of intellectual property, payments BoP	$68M	$9.3M
Charges for the use of intellectual property, receipts BoP	$9.3M	$56k
Expense, % of GDP	N/A	N/A
Government Expenditure, % of GDP	N/A	N/A