Skip to content

Economy of Cayman Islands vs Guinea compared: GDP & Debt

Updated on by Georank team

The Cayman Islands has a GDP of $7.24B compared to $25B for Guinea, ranking 158/197 and 118/197 by economy size, respectively.

Cayman Islands vs Guinea GDP by year

Cayman Islands
Guinea
1x
Year GDP, current $
Cayman Islands Guinea
2024 - $25,008,678,293
2023 $7,241,244,269 $22,407,615,556
2022 $6,660,161,212 $19,910,452,542
2021 $6,060,813,808 $17,069,115,738
2020 $5,655,357,984 $14,088,693,743
2019 $5,941,896,600 $13,442,861,496
2018 $5,530,178,499 $11,857,030,367
2017 $5,166,281,293 $10,324,668,271
2016 $4,909,322,200 $8,595,955,222
2015 $4,708,167,255 $8,794,201,743
2014 $4,562,853,582 $8,778,473,373
2013 $4,405,796,081 $8,376,613,539
2012 $4,291,004,486 $7,638,044,557
2011 $4,186,073,160 $6,785,137,203
2010 $4,156,841,164 $6,853,467,146
2009 $4,281,714,618 $6,716,905,340
2008 $4,585,948,969 $6,964,179,983
2007 $4,466,278,031 $6,281,918,226
2006 $4,200,288,282 $4,220,019,845
2005 - $4,282,468,637
2004 - $5,300,767,961
2003 - $5,025,167,975
2002 - $4,301,608,753
2001 - $4,125,527,603
2000 - $4,367,458,867
1999 - $5,046,806,783
1998 - $5,232,118,046
1997 - $5,516,916,163
1996 - $5,641,243,100
1995 - $5,385,704,166
1994 - $4,932,800,407
1993 - $4,781,166,117
1992 - $4,789,220,417
1991 - $4,396,178,694
1990 - $3,888,320,666
1989 - $3,546,079,263
1988 - $3,476,480,303
1987 - $2,976,714,019
1986 - $2,909,130,355
1985 - $22,787,644,566
1984 - $18,421,497,251
1983 - $15,129,893,722
1982 - $11,926,032,493
1981 - $9,646,440,667
1980 - $9,746,524,915
1979 - $8,877,094,497
1978 - $8,087,305,999
1977 - $6,914,381,291
1976 - $6,762,781,871
1975 - $6,102,769,605
1974 - $5,691,417,541
1973 - $5,152,080,388
1972 - $4,203,069,035
1971 - $3,594,302,908
1970 - $3,220,224,608

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

GDP per capita in Cayman Islands vs Guinea by year

Cayman Islands
GDP per capita

GDP per capita, PPP
Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cayman Islands Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $1,695 $4,565
2023 $99,144 $88,428 $1,555 $4,334
2022 $93,031 $82,296 $1,417 $4,062
2021 $86,450 $74,160 $1,245 $3,739
2020 $82,339 $66,119 $1,054 $3,332
2019 $88,254 $72,697 $1,031 $3,106
2018 $83,866 $71,812 $933 $2,844
2017 $80,054 $68,018 $834 $2,687
2016 $77,802 $65,680 $712 $2,255
2015 $76,379 $64,009 $747 $1,930
2014 $75,845 $63,561 $765 $1,873
2013 $75,114 $63,648 $748 $1,842
2012 $75,102 $64,727 $699 $1,790
2011 $75,281 $66,629 $637 $1,705
2010 $76,838 $66,325 $659 $1,622
2009 $81,374 $69,254 $662 $1,567
2008 $89,655 $76,297 $704 $1,614
2007 $89,888 $77,337 $650 $1,558
2006 $87,085 $75,191 $447 $1,453
2005 - - $463 $1,422
2004 - - $585 $1,366
2003 - - $566 $1,328
2002 - - $496 $1,315
2001 - - $483 $1,251
2000 - - $518 $1,196
1999 - - $611 $1,163
1998 - - $647 $1,130
1997 - - $696 $1,099
1996 - - $726 $1,048
1995 - - $713 $1,014
1994 - - $672 $976
1993 - - $671 $947
1992 - - $693 $908
1991 - - $656 $887
1990 - - $604 $871
1989 - - $570 -
1988 - - $574 -
1987 - - $505 -
1986 - - $506 -
1985 - - $4,062 -
1984 - - $3,362 -
1983 - - $2,823 -
1982 - - $2,273 -
1981 - - $1,876 -
1980 - - $1,931 -
1979 - - $1,790 -
1978 - - $1,658 -
1977 - - $1,440 -
1976 - - $1,431 -
1975 - - $1,311 -
1974 - - $1,243 -
1973 - - $1,143 -
1972 - - $948 -
1971 - - $825 -
1970 - - $753 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

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

The Cayman Islands' GDP per capita is $99,144, ranking 6/197, compared to $1,695 in Guinea, ranking 160/197. Adjusted for purchasing power (GDP per capita PPP), the Cayman Islands ranks 10th at $88,428, while Guinea ranks 161st at $4,565.

Economic indicators

Cayman Islands Guinea
Gross domestic product
$7.24B
2023
$25B
2024
GDP rank
158/197
2023
118/197
2024
GDP growth
5.82%
2022-2023
5.35%
2023-2024
GDP per capita
$99,144
2023
$1,695
2024
GDP per capita rank
6/197
2023
160/197
2024
GDP per capita, PPP
$88,428
2023
$4,565
2024
GDP per capita PPP rank
10/197
2023
161/197
2024
Government debt n/a
$12.2B
2024
Debt-to-GDP ratio n/a
48.8%
2024
Government debt per person n/a
$828
2024
Government debt per person rank n/a
147/185
2024
Average annual personal income after taxes
$93,253
2026
$20,020
2026
Market capitalization of domestic companies
$644M
2020
n/a
Income share by richest 10% n/a
23.1%
2018
Income share by poorest 10% n/a
3.5%
2018
Government expenditure, % of GDP
14%
2025
20.6%
2024
Consumer prices inflation
-0.63%
2015-2016
4.7%
2023-2024
Unemployment rate
4.24%
2015
5.02%
2019
Population
77619
15546235

Inflation comparison by year

Inflation
Cayman Islands

Guinea
1x
Year Consumer prices inflation
Cayman Islands Guinea
2024 - 4.7%
2023 - 5.4%
2022 - 10.5%
2021 - 12.6%
2020 - 10.6%
2019 - 9.5%
2018 - 9.8%
2017 - 8.9%
2016 -0.63% 8.2%
2015 -2.35% 8.2%
2014 1.27% 9.7%
2013 2.16% 11.9%
2012 1.19% 15.2%
2011 1.33% 21.4%
2010 0.28% 15.5%
2009 - 4.7%
2008 - 18.4%
2007 - 22.9%
2006 - 34.7%
2005 - 31.4%
2004 - 17.5%
2003 - 11%
2002 - 3%
2001 - 5.4%
2000 - 6.8%
1999 - 4.6%
1998 - 5.1%
1997 - 1.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (2010–2016, retrieved 2026-04-06).

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

Over the past 7 years, the Cayman Islands has recorded an average annual inflation rate of 0.46%, compared with 12.9% in Guinea. In 2016, inflation was -0.63% in the Cayman Islands and 4.7% in Guinea.

Balance of trade

Cayman Islands Guinea
Current account balance
-$713M
2023
-$392M
2024
Current account balance ranking
116/190
2023
104/190
2024
Current account balance, % of GDP
-9.84%
2023
-1.57%
2024
Goods imports
$1.64B
2023
$7.08B
2024
Goods exports
$150M
2023
$11.6B
2024
Service imports
$1.8B
2023
$3.15B
2024
Service exports
$4.45B
2023
$71.2M
2024
Imports of goods and services, % of GDP
45.8%
2020
56.4%
2024
Exports of goods and services, % of GDP
59.6%
2020
41.4%
2024

Economic freedom indices

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

Cayman Islands Guinea
Economic freedom 74 53.1
Economic freedom ranking 22/197 141/197
Property rights n/a 21.3
Government integrity n/a 26.7
Judicial effectiveness n/a 26
Tax burden n/a 70.1
Government spending n/a 90.1
Fiscal health n/a 74.8
Business freedom n/a 44.8
Labor freedom n/a 56.4
Monetary freedom n/a 75.3
Trade freedom n/a 61.8
Investment freedom n/a 50
Financial freedom n/a 40

Other economic metrics

Cayman Islands Guinea
Services, % of GDP
86%
2023
36.3%
2024
Industry, % of GDP
7.84%
2023
25.1%
2024
Agriculture, forestry, and fishing, % of GDP
0.42%
2023
31%
2024
GNI, Atlas method
$5.53B
2023
$21.3B
2024
GNI per capita, PPP
$68,030
2023
$4,130
2024
Total reserves including gold
$234M
2023
$1.89B
2023
Total reserves ranking
169/177
2023
128/177
2023
Net foreign direct investment
-$5.52B
2023
-$1.4B
2024
Net inflows of foreign direct investment
$35.9B
2024
$1.4B
2024
Net outflows of foreign direct investment
$27.2B
2024
$30K
2024
Servicing debt to the IMF, % of GNI n/a
1.94%
2024
Poverty at national poverty lines n/a
47%
2020
Gross capital formation, % of GDP n/a
32.1%
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/guinea | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1970–2025, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.