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Economy of Cayman Islands vs Guinea-Bissau compared: GDP & Debt

Updated on by Georank team

The Cayman Islands has a GDP of $7.24B compared to $2.22B for Guinea-Bissau, ranking 158/197 and 176/197 by economy size, respectively.

Cayman Islands vs Guinea-Bissau GDP by year

Cayman Islands
Guinea-Bissau
1x
Year GDP, current $
Cayman Islands Guinea-Bissau
2024 - $2,218,393,805
2023 $7,241,244,269 $2,127,688,181
2022 $6,660,161,212 $1,859,601,384
2021 $6,060,813,808 $1,908,094,558
2020 $5,655,357,984 $1,705,057,581
2019 $5,941,896,600 $1,596,227,316
2018 $5,530,178,499 $1,554,133,594
2017 $5,166,281,293 $1,469,978,606
2016 $4,909,322,200 $1,245,074,264
2015 $4,708,167,255 $1,152,384,167
2014 $4,562,853,582 $1,135,250,721
2013 $4,405,796,081 $1,109,682,824
2012 $4,291,004,486 $1,049,412,177
2011 $4,186,073,160 $1,157,074,319
2010 $4,156,841,164 $940,112,539
2009 $4,281,714,618 $890,167,833
2008 $4,585,948,969 $952,667,544
2007 $4,466,278,031 $753,162,998
2006 $4,200,288,282 $634,781,901
2005 - $639,776,041
2004 - $582,169,841
2003 - $553,614,800
2002 - $466,773,711
2001 - $412,610,872
2000 - $391,345,597
1999 - $579,365,780
1998 - $591,034,143
1997 - $698,107,222
1996 - $702,965,148
1995 - $660,195,402
1994 - $612,502,085
1993 - $615,779,519
1992 - $588,309,271
1991 - $668,470,891
1990 - $634,187,269
1989 - $554,072,303
1988 - $427,514,322
1987 - $451,893,375
1986 - $338,524,233
1985 - $373,959,151
1984 - $359,980,491
1983 - $425,225,177
1982 - $430,284,022
1981 - $402,230,865
1980 - $287,648,258
1979 - $308,143,183
1978 - $318,876,550
1977 - $298,871,675
1976 - $292,152,321
1975 - $283,311,997
1974 - $256,769,730
1973 - $232,331,281
1972 - $227,986,203
1971 - $204,167,297
1970 - $204,670,551

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

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

GDP per capita in Cayman Islands vs Guinea-Bissau by year

Cayman Islands
GDP per capita

GDP per capita, PPP
Guinea-Bissau
GDP per capita

GDP per capita, PPP
1x
Year Current $
Cayman Islands Guinea-Bissau
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $1,008 $3,119
2023 $99,144 $88,428 $988 $2,990
2022 $93,031 $82,296 $883 $2,789
2021 $86,450 $74,160 $927 $2,523
2020 $82,339 $66,119 $847 $2,340
2019 $88,254 $72,697 $811 $2,247
2018 $83,866 $71,812 $809 $2,058
2017 $80,054 $68,018 $783 $2,082
2016 $77,802 $65,680 $680 $1,824
2015 $76,379 $64,009 $645 $1,730
2014 $75,845 $63,561 $652 $1,456
2013 $75,114 $63,648 $654 $1,416
2012 $75,102 $64,727 $635 $1,402
2011 $75,281 $66,629 $720 $1,472
2010 $76,838 $66,325 $600 $1,370
2009 $81,374 $69,254 $583 $1,315
2008 $89,655 $76,297 $640 $1,309
2007 $89,888 $77,337 $519 $1,260
2006 $87,085 $75,191 $449 $1,226
2005 - - $463 $1,187
2004 - - $431 $1,105
2003 - - $420 $1,089
2002 - - $362 $1,095
2001 - - $327 $1,064
2000 - - $317 $1,014
1999 - - $479 $1,001
1998 - - $498 $861
1997 - - $599 $1,118
1996 - - $615 $1,052
1995 - - $589 $945
1994 - - $561 $909
1993 - - $582 $890
1992 - - $574 $880
1991 - - $672 $877
1990 - - $651 $824
1989 - - $578 -
1988 - - $454 -
1987 - - $488 -
1986 - - $371 -
1985 - - $417 -
1984 - - $407 -
1983 - - $489 -
1982 - - $503 -
1981 - - $477 -
1980 - - $347 -
1979 - - $376 -
1978 - - $403 -
1977 - - $403 -
1976 - - $421 -
1975 - - $435 -
1974 - - $419 -
1973 - - $392 -
1972 - - $389 -
1971 - - $348 -
1970 - - $350 -

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

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

The Cayman Islands' GDP per capita is $99,144, ranking 6/197, compared to $1,008 in Guinea-Bissau, ranking 177/197. Adjusted for purchasing power (GDP per capita PPP), the Cayman Islands ranks 10th at $88,428, while Guinea-Bissau ranks 179th at $3,119.

Economic indicators

Cayman Islands Guinea-Bissau
Gross domestic product
$7.24B
2023
$2.22B
2024
GDP rank
158/197
2023
176/197
2024
GDP growth
5.82%
2022-2023
4.15%
2023-2024
GDP per capita
$99,144
2023
$1,008
2024
GDP per capita rank
6/197
2023
177/197
2024
GDP per capita, PPP
$88,428
2023
$3,119
2024
GDP per capita PPP rank
10/197
2023
179/197
2024
Government debt n/a
$1.82B
2024
Debt-to-GDP ratio n/a
82.2%
2024
Government debt per person n/a
$828
2024
Government debt per person rank n/a
146/185
2024
Average annual personal income after taxes
$93,253
2026
$1,711
2026
Market capitalization of domestic companies
$644M
2020
n/a
Income share by richest 10% n/a
26.1%
2021
Income share by poorest 10% n/a
3.4%
2021
Government expenditure, % of GDP
14%
2025
20.4%
2024
Consumer prices inflation
-0.63%
2015-2016
3.7%
2023-2024
Unemployment rate
4.24%
2015
2.67%
2022
Population
77619
2311915

Inflation comparison by year

Inflation
Cayman Islands

Guinea-Bissau
1x
Year Consumer prices inflation
Cayman Islands Guinea-Bissau
2024 - 3.7%
2023 - 7.2%
2022 - 7.9%
2021 - 3.3%
2020 - 1.5%
2019 - 0.3%
2018 - 0.4%
2017 - -0.2%
2016 -0.63% 2.7%
2015 -2.35% 1.5%
2014 1.27% -1%
2013 2.16% 0.8%
2012 1.19% 2.1%
2011 1.33% 5.1%
2010 0.28% 1.1%
2009 - -1.6%
2008 - 10.4%
2007 - 4.6%
2006 - 2%
2005 - 3.4%
2004 - 0.8%
2003 - -3.5%
2002 - 3.3%
2001 - 3.3%
2000 - 8.6%
1999 - -2.1%
1998 - 8.1%
1997 - 49.1%

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-bissau | CC BY

Over the past 7 years, the Cayman Islands has recorded an average annual inflation rate of 0.46%, compared with 1.76% in Guinea-Bissau. In 2016, inflation was -0.63% in the Cayman Islands and 3.7% in Guinea-Bissau.

Balance of trade

Cayman Islands Guinea-Bissau
Current account balance
-$713M
2023
-$160M
2023
Current account balance ranking
116/190
2023
95/190
2023
Current account balance, % of GDP
-9.84%
2023
-7.53%
2023
Goods imports
$1.64B
2023
$403M
2023
Goods exports
$150M
2023
$240M
2023
Service imports
$1.8B
2023
$189M
2023
Service exports
$4.45B
2023
$44.8M
2023
Imports of goods and services, % of GDP
45.8%
2020
27%
2024
Exports of goods and services, % of GDP
59.6%
2020
11.8%
2024

Economic freedom indices

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

Cayman Islands Guinea-Bissau
Economic freedom 74 43.2
Economic freedom ranking 22/197 181/197
Property rights n/a 28.4
Government integrity n/a 21
Judicial effectiveness n/a 13.2
Tax burden n/a 89
Government spending n/a 86.5
Fiscal health n/a 6.5
Business freedom n/a 34.6
Labor freedom n/a 55.9
Monetary freedom n/a 75.9
Trade freedom n/a 47
Investment freedom n/a 30
Financial freedom n/a 30

Other economic metrics

Cayman Islands Guinea-Bissau
Services, % of GDP
86%
2023
37.9%
2024
Industry, % of GDP
7.84%
2023
15.6%
2024
Agriculture, forestry, and fishing, % of GDP
0.42%
2023
42.2%
2024
GNI, Atlas method
$5.53B
2023
$2.18B
2024
GNI per capita, PPP
$68,030
2023
$3,140
2024
Total reserves including gold
$234M
2023
n/a
Total reserves ranking
169/177
2023
n/a
Net foreign direct investment
-$5.52B
2023
-$24.8M
2023
Net inflows of foreign direct investment
$35.9B
2024
$26.7M
2024
Net outflows of foreign direct investment
$27.2B
2024
$389K
2024
Servicing debt to the IMF, % of GNI n/a
1.75%
2024
Poverty at national poverty lines n/a
50.5%
2021
Gross capital formation, % of GDP n/a
24.9%
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-bissau | CC BY

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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)

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.